tags: MetaCartel Chili

$CHILI Meeting Notes Friday 2021-07-09

• $CHILI Meeting Notes Friday 2021-07-09
  • Topics
    • What to do with rChili minting
    • Outcome
    • Action Items
    • Discussion
    • Chuck E Cheese Metaphor

Topics

What to do with rChili minting

• Currently minting is locked at 188,333ish rChili.
• Impossible to mint more.

Outcome

• Not minting more rChili. Using the Chuck E Cheese tokenomics.
• There should be sufficient Chili/rChili in circulation for the time being.

Action Items

• Expand blog post with new talking points and game mechanics
• Release the blog with the release of the new farming contracts and schedule
• Farms being built: Pat, Lou, Chair
  • Will followup with hackmd/forum post with link n deets
• Need consensus, will present at Dao members meeting
• DamagedGoods working on Docs
  • Requests materials sent directly

Discussion

• Can adjust farm distribution amount rather than create new token
• Option: Don't mint/create more rChili
  • Create super duper MetaCartel NFT, rChili can be redeemed for said Nft
  • This funnels rChili back into the Dao
• Note: "Anyone" can create an rChili project
• Chili Cheese, noted
• The DAO can mint Chili
• Games charge rChili, its recycled
• Metaphor: Paying the game creators in the tokens their game is going to accept.

Chili: Token, use this to play the game to get the ticket/rChili
rChili: Ticket, spent on prizes
Prizes: NFTs, and other things. Nice things.

• Now: Only MC dao and stakers have rChili. To make a game, you need rChili. This is the way it works. MC can make games to attain more Chili.
• A prize (nft) is created, rChili is accepted for the NFT. MC or anyone can do this.
• You need rChili to make a game

Chuck E Cheese Metaphor

Games

Input: Chili
Output: rChili

Prizes

input: rchili
output: nft