White Paper
Buy/Sell/Rent Land
As we roll out the availability of land on the island, users will be able to buy them. Early community members who purchase land will be rewarded with a lower price tag and/or access to prime and pristine locations on the Island. Land value will be determined by the ability to rent it for events. For instance, a beachfront could be more expensive than a dry piece of land in the interiors of the island.
Land parcels will be sold in 3 Phases. There will be a dutch auction starting from a set highest price to the lowest price. Our community can mint them at a comfortable price and own the land parcel as an ERC 721 NFT.
Assets are bought and sold via the marketplace. Proceeds of the Land sale will accrue to the DAO Treasury.
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