Moby x Theopetra

What is Being Proposed?

1. Create two growth markets. One for standard housing & one for Moby
2. Discontinue Foremen as a governance role within Theopetra
3. Brand $mTHEO as $YIMBY

What is Moby? Moby builds microspaces. These units are 40–70 Sq Ft, and they exist to give someone peace of mind to have somewhere to go. Is it meant to be permanent? No. It’s meant to give Americans a place to reset so that they can fix their finances. A place to meet other fellow theons & go through eLearning + job placement.

Moby subdivides 1 property into a space for 5–10+ people. These micro spaces can be built in any type of property.

Why should Theopetra Consider Moby? Theopetra needs to reduce costs + time to onboard Theons, while still serving its mission. This is exactly what Moby can do.

Moby can take the current cost of onboarding a new Theon from $100K–150K+ (Cost of buying a condo) down to $5,500.

It’s also faster to implement. The build time is 3–5 Days, compared to 30–45 days to close on standard.

What would change about Theopetra? Rather than having just one growth market, this arrangement would offer Theons the option to fund either Standard Housing or Moby. The resident pays rent & removes $THEO out of the circulating supply. Feel free to reach out in the discord channel titled #moby with any questions.

The Official Proposal Voting Period: 12/5/2023–12/11/2023

What Are The Next Steps Proposed?

1. Create two growth markets. One for standard housing & one for Moby
2. Discontinue Foremen as a governance role within Theopetra
3. Brand $mTHEO as $YIMBY

Who is Eligible to Vote:

1. White Listers
2. $THEO Holders

Who is not Eligible: Core Team with Pre-Mined $THEO Holdings are not eligible to vote. *Note: Any team members with fairly bought $THEO is free to participate.

FAQ & Fact Sheet 1. What are the Standard Growth Markets? Standard Housing. Single Family Homes, Condos, Multifamily, Mother In Law Suites, ADUs.

2. What are the Benefits of Moby? On Price — Moby significantly increases the speed of Theopetras ability to onboard new Theons by 20–40x+. On Build Time — Moby Units can be built within 3–6 business days. On The Moby Partnership — The community would have priority access to Moby Units. Any $THEO holders receive priority over non $THEO Holders.

3. What is a Moby Unit? A moby unit is a “microspace” or a private room.

4. Is it Housing? A Moby unit will have the pre-existing zoning classification in the space it is built.

5. Cost of a Moby Unit: Moby will sell units at $5,500 to Theopetra. This price is guaranteed by Moby for the first 50 units.

6. Recurring Costs of a Moby Unit: There are no recurring costs on a Moby Unit — Only when the unit is rented. The cost will vary depending on location and property. On average, the operational cost will vary per unit between $250–350.

7. How much does it cost for someone to rent a Moby Unit? Anywhere between $450–600/Month.

8. What do Theons who are in Moby Units get? A private space, Wifi, Utilities, & Gym Membership.

9. How Would These Units be Funded? When Theopetra opens Growth Markets (formerly known as discount buy markets), there will be 2 growth markets available. One for standard and one for Moby Units. Any Theon can pick which one they want to contribute to.

10. How does the Theopetra Community Determine Where to Build a Moby Unit? Once capital is in the Moby growth market, Moby will submit a proposal to the community to vote on the location of the Moby Units. Once a month, Moby will submit a proposal to the community to build Moby units. These proposals will contain details on the location, lease, users, and local area. Theons can accept or deny the proposal.

11. How would Moby Residents Pay Theopetra? Moby residents pay Moby Corporation directly, which will cover Operational costs. Moby would then convert $THEO to $mTHEO and distribute it to the residents.

12. How do Theons using Moby earn $YIMBY? The residents earn $YIMBY by doing various tasks within Moby. That could be paying on time, sharing on Twitter, taking out the trash, referring friends.

13. Who Manages the Moby Units? T Pods Inc DBA Moby Corporation will fully manage the Moby Units.

14. What are the Network Risks? Note: Theopetra is a social good platform & not a security; therefore, this proposal may not cover all risks involved. City Mandated closure: Permitting or Zoning may shut down Moby units if they deem them inappropriate. This is a risk, but we believe Americans deserve privacy. Default Risk: Users could stop paying rent. Squatter risk: Just like standard rentals, users may squat and refuse to leave and may impact availability or rents. 15. Cap of Funding A max of 18 Moby Units funded through growth markets for every 1 standard property that Theopetra currently holds.

Discontinuing Board Members — AKA Foremen The foremen will still receive their promised 1–2 basis point airdrop in March 2024 & social status within the discord.

No man is above another man. We should lead with this principle in mind. This will bring more appeal to Theopetra’s mission in the long term.

Theopetra’s goal long term is to be fully decentralized, even more so than Bitcoin. This will only happen if there are thousands of residents in control of the protocol. The key here would be that we need to ensure no core parties control monetary supply or governance. Although this isn’t the case today, we can take steps in moving towards that goal.

Initially the plan was to have 250 delegated members originally called ‘board members’, currently called ‘foremen’. After consideration, we found that Theopetra can be even more decentralized than that.

The most ideal form of governance is to have everything automated and where any decisions need to be made, they should be made by the citizens who live in Theopetra. The long term goal is to integrate a distributed network of residents, AI and/or automation to streamline decisions rather than a small subset of the community.

One of the first steps would be this proposal, which includes removing the foremen role completely as a future governance tool.

Branding $mTHEO as $YIMBY We proposal branding $mTHEO as $YIMBY. This will cause far less confusion.

The concept behind $mTHEO is to gain priority to buy or live in a home with Theopetra’s growth markets. You’re voting “Yes” with your capital. Ironically, this is exactly where YIMBY would be fantastic. It literally explains the utility in the name itself.

YIMBY stands for “Yes In My Backyard,” already a famous movement for affordable housing.

Theopetra & Moby Management & Governance There are Two Main Entities Interacting:

1. T Pods Inc, doing business as Moby.
2. T Home Capital, which is the affordable housing company governing Theopetra.

What does Moby do? Moby creates private spaces and manages them. Moby leases these spaces. Users have two options with these spaces:

1. Rent for 1 month at a time (Theopetra is not doing this option)
2. Pay a fee upfront to rent for an extended period of time (4–8+ years) (Theopetra is doing this option)

Example of how Someone Could Interact with Moby:

1. Short Term Example: Bob wants to rent the space for 3 months. He pays $450 per month. Bob leaves after 3 months.
2. Long Term Example: Bob wants to be here for a very long time. He pays $6999 to secure a 10 year lease, and now his payments are only a $300/Month Community Fee, and he’s locked in for the long term. He can sublease this space or use it himself.

What are both Parties Receiving? Both parties receive a basic sublease agreement at different rates. These are locked in for 3–10 years and go month to month thereafter.

How Does it Work When the Resident Pays Rent? Moby collects the rent, takes away operating expenses and rewards the resident by converting $THEO to $mTHEO (Soon to be called $YIMBY).

Moby distributes the $YIMBY to the resident and will onboard them into the discord and social media.

What else does T Homes Own?

1. T Homes owns the treasury to Theopetra.
2. T Homes owns the liquidity pool & any fees associated with that pool.

How is Moby Different than T-Homes? Standard housing is owned by T Home Capital or REAT (Our non profit version of T Homes). The governance structure is identical, with Mel Anic being the primary equity and governance holder.

How will Theopetra Decentralize long-term? The best & only route is through the residents. You stay in a T-Home or Moby, you earn $YIMBY. In the future, you will also earn equity for staying in a T Home or a Moby. This will reduce Mel’s holding and sufficiently decentralize Theopetra.

Currently Mel owns 60%+ Equity Ownership and 80%+ Governance. This equity and governance will be distributed to residents throughout 2024–2030.

Where will Moby Units Exist? Initially it will be Orange County, California.

How do we ask Questions about this Proposal? Ask the core contributors on Twitter or Discord!