A medium of exchange token (reposted)

This proposal is for the creation of a medium of exchange token to be used by the Kong Land ecosystem on Ethereum mainnet with a ticker of $LAND.

This proposal has been informed by wide consultation. It is discussed with detail and justification on the forum here.

Voting Yes on this proposal will authorise the core contributors to create and distribute a $LAND token according to the parameters discussed below.

Why $LAND?

Citizenship in Kong Land is recognized by the Citizen NFT, available to those who have converted their (alpha) $CITIZEN token and $CTZN tokens. Citizens are the sovereign governors of the Kong Land DAO. They hold the ultimate control of the Kong Land DAO. They are in control of the Kong Land treasury.

However, the Citizen NFT is not suitable for building economic relationships with users of Kong technology. We need a token that is available for:

• charging fees for registering and potentially using secure chips produced by Kong Land
• conducting token swaps with other DAOs that are using secure chips in order to align incentives
• seeding a treasury that can fund public goods, research and development, and seed promising subDAOs
• any potential future public sales that the Kong Land DAO might see fit

The token

The proposed $LAND token is a fixed supply token of 1,407,230,468 $LAND tokens. A fixed supply token provides for more predictability for holders than an expanding supply token.

It is important for both decentralisation and liquidity that $LAND is widely distributed. Following discussion on the forum, the distribution of $LAND will be according to the distribution schedule provided here.

This is a reposted proposal to ensure all eligible voters are able to participate.