DAO Turtles · @DAO_Turtles
7th Oct 2021 from TwitLonger
DAO Turtle correspondance with OpenSea
1. Our initial email:
On Wed, Oct 6, 2021 at 8:23 PM DAO Turtles <daoturtles@gmail.com> wrote:
Dear Anti Fraud team at OpenSea,
We would like to know the reason behind the restriction on our trading on your platform.
Our community started an internal joke about us rug pulling. We went along with the joke as our community embraced it. We do not have any intentions of doing any wrongdoing to any of our holders.
With your actions, you put our holders in a tricky position where they don't know how their investment will turn out. You also haven't provided any official information behind your decision to restrict our collection. In addition, you severely damaged our brand image which we are still trying to save. We are looking forward to your response.
Kind regards, DAO Turtles
2. Their initial response:
DAO Turtles team,
Thanks for contacting us.
Buying and selling of DAO Turtles was disabled on OpenSea due to violations of our terms of service. It's forbidden to:
Use the Service to carry out any financial activities subject to registration or licensing, including but not limited to creating, listing, or buying securities, commodities, options, real estate, or debt instruments;
or
Use the Service to participate in fundraising for a business, protocol, or platform, including but not limited to creating, listing, or buying assets that are redeemable for financial instruments, assets that give owners rights to participate in an ICO or any securities offering, or assets that entitle owners to financial rewards, including but not limited to, DeFi yield bonuses, staking bonuses, and burn discounts.
We recognize that this affects you and your community. The decision wasn't made lightly. We carefully considered the situation and its details in light of our policies before arriving at our final determination.
Thank you for understanding.
Dan
3. Our follow up response
Daniel Viau
Engineer
Opensea
105 East 24th Street
New York, NY 10010
Dear Mr. Viau:
We received your electronic correspondence dated October 7, 2021. Thank you for your timely response.
The DAO Turtles project is not in violation of your terms of service. All information displayed on our website is true and will be implemented in due time.
As you know, we submitted our verification request package, known as the "Blue Check Mark" verification, almost immediately after our phenomenally successful launch. We plan to wait patiently for your response to that verification request, and upon receipt of your reply, discuss with you in detail our plans to begin development on a game that would allow players to earn tokens as players would in the Axie Infinity game. We refer to the game on our website; however, we intentionally withheld details so that if our discussions with you required a shift in direction, we could do so while concurrently honoring our commitment to our investors.
The Axie home page on OpenSea states, "Axie players can earn tokens such as DAI, KNC, and SLP which can be converted easily to ETH!" Given that Axie Infinity has almost $100,000,000 in sales on OpenSea, we can certainly assume that if we follow their token earning roadmap, we remain within the boundaries of the Terms and Conditions. Should that change, we would change as well; however, as stated at this point, there is little reason to discuss until you review our verification request package.
To illustrate our point further, MutantCats released their collection quite recently (4th of October) and in their OpenSea description they claim: “Earn 10 $FISH a day from staking and own part of a fractionalized Cool Cats vault. Each Mutant Cat grants access to the exclusive DAO community and voting rights over the DAO's assets”. Assuming they also remain within the boundaries of Terms and Conditions, we see no reason why DAO Turtles would be flagged for breaking the Terms and Conditions.
These two examples highlight two projects which reward holders for either actively participating or passively collecting. We used them for examples as our project has similar utility for holders. Your decision to disable the buying and selling of our turtle pictures, impacted more than 3,500 cryptocurrency wallets holding more than $5,000,000 worth of digital assets. We did not violate your Terms of Service, and we respectfully request that you enable the buying and selling of our turtle pictures as soon as possible.
We look forward to discussing our verification request package with you in the near term to confirm, or adjust, our roadmap and build out utility for our turtle picture holders as soon as possible.
Kind regards,
DAO Turtles