[PROPOSAL] NEAR Conversion Efficiency

Purpose

Help newly acquired users easily obtain NEAR using familiar apps like Cash App & Venmo.

Solution

Create Official NxM Guild Cash App & Venmo accounts with specified NEAR balances strictly for faster wallet top offs.

Process

New users interested in purchasing NEAR based NFTs can send USD via Cash App or Venmo to official NxM accounts in order acquire NEAR, for a nominal transaction fee.

  • $5.00-30.00 conversion (Requires a $3 transaction fee)
  • $31.00-$99.00 conversion (Requires a $6 transaction fee)
  • $100.00+ conversion (Requires a $9 transaction fee)

100% of transaction fees will be redirected to the guild and converted to NEAR to fund the conversion assistance. This is NOT an exchange, NEAR can not be exchanged for USD or any other currency. USD can not be exchanged for any other token than NEAR. A maximum of $150 per guild member can be exchanged per month (while resources are available).

Once USD is received and confirmed by NxM Guild, NEAR must be transferred to the designated user within a maximum of 48 hours.

ASK

  • 500 NEAR per month for a designated NxM Cash App account.
  • 500 NEAR per month for a designated NxM Venmo account
  • 250 NEAR per month for NxM Venmo account staff.
  • 250 NEAR per month for NxM Cash App account staff.

NOTE: If there is one staff for both platforms (Venmo & Cash App), monthly compensation would drop to 350 NEAR per month .