Provision Liquidity For Collectors

INTRO

Land DAO creates NFTs that produce ORE tokens before each NFT launch. One big draw to ORE is that it can be a source of liquidity for collectors without them needing to sell their NFTs (part of the narrative that our NFTs can be passive income generators).

PROPOSAL

First, modify the distribution of ETH earned from our NFT launches to provision liquidity for collectors with ORE tokens.

Current distribution: 10% treasury, 90% landowners New distribution: 5% treasury, 85% landowners, 10% collectors

Second, give collectors the ability to burn their ORE tokens for a share of the provisioned liquidity. The period during which they can burn their ORE is 24 hours before the public sale. Their share of the liquidity is proportionate to their share of the ORE burned and is claimable after the public sale. For example, if a collector burns 10,000 ORE and there is a total of 100,000 ORE burned, they would be able to claim 10% of the liquidity after the sale.

See the following message from Steven for a diagram: https://discord.com/channels/882367467022868570/884889923512061963/892151008501829652.

RATIONALE

Collectors will share in our DAO's success (essentially making them “mini landowners”) and incentivize them to contribute towards the success of our NFT launches. Additionally, Land DAO NFTs will be more attractive to own as they are the only ORE producers and more ORE equals more ETH from the collector liquidity pool.

TIMELINE

This proposal will be implemented over the next 2 weeks alongside the ORE tokens and store contracts.