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TheLandSafe ProposalsTheLandSafe Proposalsby0x4Aae18276f8C03eb0cf914d83DeF2e5467Cf66790x4Aae…6679

Bodega Blocks

Voting ended over 3 years agoSucceeded

Proposed Purchase: Purchase 214 Genesis Bodega Blocks for $40,000 USD (30.5 ETH)

Proposed by @Boardshorts | TheLandSafe Disclosure: Boardshorts is a Senior Mod for the Bodega Blocks Project and owns 3 Preferred Genesis NFTs

We negotiated a Bulk Purchase for a Discount of 20%. This effectively increases the yield of each Bodega Blocks NFT to 72% Projected Annual Returns: $30,000 USD (23 Eth) Daily Minimum Returns: $79-$80 ROI timeline: 490 days

Bodega Blocks is a utility-driven, generative urban art collection that generates passive rewards in the form of stable coin to its holders. The Bodega Blocks Project operates various master nodes and receives Block Rewards in return. These rewards are then passed on to holders according to the Bodega Blocks they own. Rewards are generated daily and holders can claim whenever they please.

A master node facilitates decentralized management and administration of the distributed network such that the network will not favor any country, geography, company or person because those running masternodes have additional responsibilities such as voting on development matters and issues. They ensure a decentralized budgeting system and an immutable proposal and voting system.

Based on the tier of NFT you own and the mint price, a base rate of 50%-72% APR (potentially more based on the performance) will be assessed and distributed via USDT, USDC, or ETH (holder chooses).

Why we think this is a reasonable, safe move for the LandSafe Project

  • 72% APR Passive Stablecoin Rewards
  • Floor Stability System where the team will buy back and burn NFTs listed below certain defined floor prices, maintaining floor stability for holders. Rewards will be reallocated to remaining NFTs, increasing APR over time.
  • Doxxed Experienced Team of successful crypto/DeFi traders and yield farmers
  • Innovative Generative Art System
  • Collabs with various NFT Artists

I've spent time with the founders directly and have built trust with them. Their first collection "The Preferred Genesis" (JUST SOLD OUT) has been generating 72% APR to holders daily and the rewards system is working perfectly so far. The team also has put money aside to assure that even if everything went wrong with the project, and 0 money was made, holders would still have rewards for ~1.5-2 years. They have a very long-term view on this project and their growth system. The founders will only pay themselves from profits generated AFTER holders are paid their promised returns.

Whitepaper: https://www.bodegablocks.io/whitepaper Website: https://bodegablocks.io/

Off-Chain Vote

YES
200 LAND52.6%
NO
180 LAND47.4%
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Timeline

Oct 23, 2022Proposal created
Oct 23, 2022Proposal vote started
Oct 29, 2022Proposal vote ended
Oct 26, 2023Proposal updated