Bureaucratic steps

1. Prince -> Schedule recurring monthly calls + quarterly calls with Foundation (+ make sure there is a schedule every month)
2. Prince -> Request Kevin to join the call to discuss the overall direction

Discussion that needs to happen with Kevin during monthly call

1. What are the important points we want to communicate?

• Our current scheme:
  • Two schemes
    • Sell → Fund (this takes some time, we need to move the fund from L2 to L1 and stake and bridge back) → Sell
    • Sell → Swap → Sell
  • Random pack → allows users to mint based on Treasury’s WSTON + users can purchase gems directly from the primary market using WSTON instead of TON.
  • Incentivize users to bridge WSTON and swap it for TON on L2 → This solves this issue partly
    • Not allow users to swap their TON for WSTON → This will increase the number of the mintable random packs (and any other gems)
  • (Work IP) Introduce the GEM staking scheme that leverages Treasury’s TON for WSTON held by the gem to mint new gems → this will increase number of mintable random pack (and any other gems)
• Everyone should be on the same page
  • Ryan:
    • staked TON part of the NFT was the main selling point for this project, removing this part from the project seems to drastically change the main point of the project
      • OR we need some distinction
  • Mehdi:
    • Swapper allow users to swap TON and WSTON on L2
    • unlimited GEM purchase option using TON (for specific gems)
      • limit mining capability
      • Suah: run with TON + WSTON system, where WSTON represents forging + mining capability
  • Prince:
    • Allow staking of NFT to increase liquidity
    • Need to develop this idea more
• What are the cons of using TON instead of WSTON
  • derails from the original intent
  • [can be solved, but it makes the UX difficult] Forging becomes irrelevant for lower-level gems if they are sold in an unlimited number

1. What is the issue with randomness

• Currently we rely on other project for backend support
• Do we need to run the backend ourselves? Or at least be ready for it?
• When do we need their support?
  • I think it would be good if we can provide some important figures
    • How active it will be?
    • What are user-specific costs?
      • universal vs user-specific
        • who will bear the cost?
      • New mining approach (requires discussion)