The LandTrust represents a platform that enables ownership and management of metaverse lands through fractionalized index pools and protocol governance through DAO.
$LAND token will become available for claiming on March 31 for the general public, while people on the welcome-list will be able to claim their tokens 24 hours before.
Please, note that one should own a land in one of the pre-selected metaverses to qualify for the claiming of the $LAND tokens or own a DLS Avatar.
Which metaverses make you eligible for the token claim?
The Sandbox Game, Decentraland, Somnium Space (Lands only), Cryptovoxels, Treeverse, NFT Worlds, Byoverse, Ember Sword, Neo Tokyo Land Deeds, Influence Asteroids, Voxel Ville, Substrata, MatrixWorld, FLUF World: Burrows, Netvrk Land, LeapN Founders Deed World, Farm Land by Pixels, Mavia Land, Project NANOPASS, MultiverseVM, Worldwide Webb Land.
If you own a land in one of the metaverses above, you can claim your free $LAND tokens. The quantity of the $LAND tokens you can claim will be determined by the total value (in ETH) of the lands held by your wallet.
How to get on the welcome-list?
We are partnering with different NFT projects in order to whitelist all of their holders who own lands in the pre-selected 21 metaverses listed above. Follow our Twitter account to stay updated about the projects being whitelisted.
To summarize, one should either own a DLS Avatar NFT or be whitelisted through one of the projects with whom we are doing a collab in order to claim the $LAND tokens 24 hours before the public claim.
Which wallets will be supported for the $LAND token claim?
During the launch of the $LAND token on March 30/31 claiming of the tokens will be available with only Metamask wallet (PC only). Soon after, other wallet support will be added.
What purpose does the $LAND token serve?
When staked (single token staking), $LAND token enables its holders to get $LAND rewards, as well as perpetual commission fees in ETH earned by the platform in future, plus DAO-governance rights.
By holding and staking $LAND the holders will earn a share from the platform's revenue.
Single token, as well as LP token staking is available.
You will be able to stake and earn rewards after the token launch here:
LandTrust.so/stakeWhat products does LandTrust offer?
LandTrust will offer simple and more comprehensive index pools, allowing anyone to invest and gain exposure to metaverse lands with the majority of the index pool terms coded into the smart contract.
Moreover, LandTrust will launch pools with professional asset/property managers who will bring their proprietary models, tools and knowledge and combine it with the custom tools developed by DLS to gain an edge on the market. LandTrust will serve as a platform / medium offering the required infrastructure and network to property management firms to join the platform, invest and trade metaverse lands, identify undervalued assets, hot districts and otherwise bargain deals.
How does the platform and the index pools work?
For each of the pools there will be a token launched, which then can be bought by the interested people and will serve as a proof of stake into a particular pool and its underlying assets. So, the pools will first collect ETH proceeds from the token sales. The pools will have a clearly defined deadline or fund-raising target, after which the pool will not accept new funds. As soon as the pool investment deadline hits, the pool will start the process of land purchase according to the terms encoded into the contract and therefore, the purchased lands will be under the ownership of a particular pool's smart contract. Everyone who participated in the token sale of that particular pool and bought tokens will hold a proportional to their investment amount share into the pool's asset-holdings and net future proceeds (proceeds after deducting success fee).
To summarize, the initial pools launched by LandTrust will aim to be autonomous with predetermined asset-buying and selling logic within a defined timeframe.
For the pools created and launched by LandTrust, there will be a 5% Management Fee on the investment pool proceeds, and up to 20% Success Fee from the pools' final profits - in case profitable (difference between the total buying and selling price of the pool assets in ETH after the liquidation of all of the assets).
As for the pools launched in partnership with different asset / property management firms and the like, it is expected that LandTrust will maintain a lower management and success fee in order to accommodate the interest of both co-creators of a particular pool.
Who can participate in the LandTrust governance?
LandTrust will be governed through the decisions made by the DAO, while the team will take up the execution part. $LAND token holders will be able to stake (lock) their tokens, granting them voting power within the DAO. The exact DAO-governance mechanics is being worked on and will be communicated with the community soon.
How does the tokenomics part of LandTrust look like?
Here is the breakdown of rewards, token allocation and airdrops:
| Percentage of supply | $LAND tokens |
---|
Landowners Airdrop (in 2 parts) | 9% | 90,000,000 |
Fractionalized Pool Rewards | 34% | 340,000,000 |
Staking Rewards | 10% | 100,000,000 |
DLS DAO | 9% | 90,000,000 |
DLS Avatar Holders | 9% | 90,000,000 |
Liquidity Management | 2% | 20,000,000 |
Treasury & Development Fund | 10% | 100,000,000 |
Team | 12% | 120,000,000 |
Strategic Sale | 5% | 50,000,000 |
Total Supply (1 Billion tokens) | 100% | 1,000,000,000 |
What is Digital Landowners Society?
Digital Landowners Society or DLS in short is the parent organization of LandTrust The launch of LandTrust has been on the roadmap of DLS as one of the important milestones.
Besides LandTrust, DLS is building a marketplace with focus on metaverse lands and moreover, is developing custom tools, such as land-valuation, estate finder and other tools, which are going to be integrated into the marketplace.
Digital Landowners Society, the metaverse marketplace and LandTrust is being built by an experienced team with a solid track record of working together. 0xGodmode, Nitrog3n and 0xGreek. The team is fully doxxed. For the full list of the team members please visit the following page:
LandTrust.so/#team