With the Decentraliens mint behind us, our next step is to open up secondary sales on Magic Eden.

In this ****document, you can read about who’s holding Decentraliens, how we will approach selling NFTs from the community treasury, and how current community members can play the long game.

Who’s holding Decentraliens?

Here are the primary stakeholders who will be holding Decentraliens:

• Invisible College Treasury (4921) – Some of these will be given to contributors as compensation
• Community Members (2494) – These represent the NFTs that were sold in the public mint
• Founding Faculty (1385) – Faculty decided to take the majority of their cut of the mint in Decentraliens, to save the cash for the treasury
• Starship Guild (1000) – Run by members of the faculty
• Thirdweb (200)

What this means

• Less supply on the market because most Decentraliens are held by stakeholders that have the long-term interest of the school in mind and want to hold (💎 🙌).
• If and when these stakeholders list their Decentraliens, they will do so at prices that are aligned with the future value that Invisible College will provide (not below floor price 🙂).

How the treasury will approach selling Decentraliens?

Core Tensions

There are two core tensions that we tried to navigate with this plan.

1. Decentralien Value vs. IC Accessibility – We want the Decentraliens to achieve a high price point to denote the value of an Invisible College membership, but we also want to ensure that memberships remain accessible.
2. Treasury Growth vs. Decentralien Value – We want to grow IC’s treasury, but we also don’t want to flood the market with Decentraliens.

Resolutions

Based on these tensions we’ve made three resolutions:

Note: none of these are set in stone, but all should indicate the direction of our thinking. We may revisit these from time to time based on market conditions.