All About Toucans
A guide to Shell's proto-governance NFT
Last updated
A guide to Shell's proto-governance NFT
Last updated
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The NFT drop was originally a one-time gift, but became a long-lasting symbol of Shell Protocol due to the enthusiasm of the community. The Toucan is now Shell's 'proto-governance' NFT, and is used in a 'toucameral' voting system to guide Shell's social activity.
Every DeFi denizen knows those two fateful wordsβββ'Wen token?' In Discord lobbies, in AMAs, and all across Twitter the question rings out. In time it becomes constant, another piece of background noise in the bustling DeFi metropolis. But, every once in a while, a flash of new and bold innovation cuts through the chatter. It demands your attention, staying in your mind long after the moment has passed.
On November 26, 2021, such innovation was delivered in the Shell Protocol Discord server by user Joe [Comfy Ventures]:
Toucan. That was the word he spoke. So alike what had come before, and yet utterly transformed. When? When toucan? When toucan, indeed. Our team spent many long and painstaking minutes poring over this question, and in the end the conclusion was clear. We had to devote scarce and vital resources to finding this man an answer.
The was a 24-hour free NFT mint for the community on April 1, 2022. On that day, 47,021 were born.
Holders of Shell's Government Toucan NFT are on various . In the past, these polls have dictated such things as , to whether .
As a beloved symbol of the community, having a toucan has granted several privileges to date. Toucan holders were for participation in Shell's guarded launch. Having a toucan in your wallet would have helped you recover rarer crates during the . They also made holders eligible for a special role that granted access to a secret toucan channel.
On April 1, 2022, the Shell team put together a βtokenβ gift for the community. For 24 hours, anyone could visit the page to mint their very own Government Toucan, a free Shell Protocol NFT. All that was needed was a wallet, and enough Arbitrum ETH to cover the network fee.
Government Toucan minting was limited to one mint per wallet, although of course they can be sold and transferred. These Toucans were the first ever Shell Protocol NFT drop, and the team's first ever deployment of code on the βββboth pretty exciting milestones for the protocol and the community.