Metaverse: The Sandbox
Diamond Lands <> LandTrust giveaway Vault #3
Number of NFTs: 25
Strategy: flip 2.5x or auction off in 1 year
Success Fee: 25%
How does the Vault #3 work?
Diamond Lands are giving away 25 NFTs representing fractionalized ownership of a prime Sandbox land valued at ~2E (initial cost).
The 25 NFTs will be given away though various collabs and giveaways.
The land will be resold for 2.5x of its initial value.
If the asset is not sold during the next 360 days, the vault will auction it off.
Each holder of vault #3 NFT is able to claim pro-rata proceeds of the vault when the assets are sold (minus fees). By claiming the proceeds the vault #3 NFTs will be burned.
All the proceeds and assets are kept inside of the vault throughout the whole period.
25% success fee is applied to the vault’s profit (difference between the total buying and selling price of the pool assets in ETH after the liquidation of all of the assets).
Number of assets sold: 0 of 1
Current ETH balance: 0.17 ETH
Total vault valuation (DLS Tools): 1.73 (ETH balance + assets)
Total vault valuation (OS Floor): 0.59 (ETH balance + assets)