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# System prepended metadata

title: Spectre Strategy

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# Spectre Strategy


### 1- The audit issue
*The cost of the audit is 50K, so we can consider that we have enough to pay if the market remains like this.*

**Team Multisig**: 6.15 ETH ≈ 21 500$
**Balancer Grant**: 1000 BAL ≈ 27 300$

**Total** = 48 800$

This being the case, once this sum has been spent, there will be nothing left to bootstrap the liquidity on the artists' works. There are 1,222 BAL left to spend but we won't have them before a year.

### 2- A treasury need

If we take a look at the state of the crypto artmarket we quickly see that it's gonna be complicated to spectralized the artworks from the various artists we work with without a bit strong treasury. Indeed the floor price of the artworks of the artists we work with is close to 2-3 ETH per work. So we need some cash flow. 


### 3- Using generative art to make a seedround and set our narrative

#### 3.1 Generative project

In order to build up our initial cash flow we thought that it might be interesting to create a kind of "seed round" in the form of a small generative art project during which we sell a series of NFTs (in the artblock style) whose funds we are publicly announcing will be used entirely to fractionalize the artworks of various artists from  the ecosystem.

The specificity of this NFTs sale is that every NFT will be reedemable against Spectre tokens once our token is deployed.

#### 3.2 Set-up our narrative 

The launch of this project will also be the occasion to set-up the Spectre's narrative and present our token model. We could summarize it in two points:

I- We are punks who experiment and have fun with the techno. Like ETH in its early days. 

II- We don't want VCs and we are going to be community governed. 

#### 3.3 Introduce our token model

Finally the launch of this generative art project will be the occasion to present our token-model that we can roughly summarize in two points:

I- Spectre token will be a token-index backed by a fee taken on all spectralized artworks. Its value will therefore be based on the artworks themselves.

II- Spectre token will open to a governance power on the platform from curation to protocol level. 


### 4- Recap

![](https://i.imgur.com/iF7kuef.png)


### 5- Generative Art Project 

Regarding the generative art project development:

Two options are available to us:

I- We work with a known artist in this field. I don't personally know anyone who does but Cem knows Espina whose works can be seen here: https://artblocks.io/project/93/gallery 

II- We take care of it and start to iterate around ideas.