Proposal: Sell Land to Fund Land

BACKGROUND

During the Land 1.5 whitepaper release, we learned that delegations/rentals for plots will not be available until Land 2.0 (at minimum). What this means is the DAO will need to self-manage its land until such time as we are able to delegate plots to community members. More specifically, that means we will need to come up with large sums of liquid DEC for staking, in addition to DEC-B for whatever land packages we decide to purchase.

Depending on what path the Land Committee decides to take, the up-front cost to self-manage our land will range from 11,840,000 DEC to as much as 47,400,000 DEC. To meet this need, the Reinvestment Committee proposes the DAO sell some of its land to YGGSPL community members.

PROPOSAL

This proposal will give the Reinvestment Committee the ability to sell up to 2 Tracts and up to 240 common plots. These sales will be subject to the following parameters:

• All buyers must be YGGSPL alliance members • If purchasing a tract, in the event that the tract contains the region's Castle upon land survey, the buyer must agree to 1) swap the Castle for a Keep in a different tract or 2) swap the entire tract for a different tract

Any other details (i.e. when plots will be delivered to the buyer, how land starter packages will be handled, negotiating final sales price, etc.) will be settled on at the discretion of the Reinvestment Committee.