Today Purple has a proposal threshold of 0.5%. With 200+ Purple NFTs in existence (223 at the time of the writing), it requires at least 2 NFTs to submit a proposal.

However, given the majority of members hold just a single NFT, I'm proposing to lower the threshold to 0.25%.

This way, a 2nd token won't be required until token #401 (which is ~end of 2023 at the current auction schedule).

This proposal should encourage more Purple members to submit proposals and continue to contribute ideas to proliferate the Farcaster protocol.

(Previous discussions of this proposal can be found here)