Description

The Circulating Rebate/Referral voucher is an NFT voucher designed to allow the player to receive a 10% discount on their next NFT purchase after making an initial purchase at participating vendor's stores. After the voucher is redeemed for the discount, it may then be either voided by the qualifying player, or sent to a referral wallet address whereby the referral will then receive 10% off of their first purchase and will have the same option to void or refer the rebate after redeeming it. The players referring the rebate will then have their name entered into the decentraland data base to participate on the next series of what I am calling the "Perpetual Gratuity Week" should their referral redeem their rebate. In this manner, the participating vendors will see a boost in their sales, the players will be given an incentive to purchase new wearables and items, the platform will be lively with activity and buzz, the players will enjoy the appearance of fresh new items to enjoy when engaging on Decentraland, and the word will get out that Decentraland is the place to be for fun events that reward creators and players alike. This can be further illustrated by wrapping up the week with a ceremonial event to reward the vendor that sells the most items with an NFT trophy and to award the player with the most qualified referrals with a free NFT item from one of the participating store's promotional items. This should be a quarterly event so as to keep the platform appealing to players and creators and to allure new players and vendors with opportunity and excitement. The best way to help fund this would be for the Decentraland DAO to use portions of the sales fees collected from participating vendors sales and from the publishing fees of those same vendors that mint their NFT items. Early registration of vendors would be necessary and the allocation of a portion of those fees into the event fund would be necessary to bring this proposal to event-ready status. Advertising the event and the participating vendors and any other sponsors should be done on the many billboards across Decentraland, and the fees for that should be calculated and charged when the participating vendors register for the event. The voucher will be minted in accordance with the exact number of NFT items each participating vendor is registering as available for purchase to the DAO as confirmation of the inventory count for the number of rebates that can be issued. The discord servers and social media should also be used to promote this event. The best way to describe this proposal is that it is incentivization via participation.