Governance Tokens
100 Governance Tokens (GT) are available. There is a limit of 5 GTs per person.
Governance Token (GT) holders receive a 20% disbursement of profits 12 months after the first LANDAO property acquisition closes. Thereafter, GT holders will continue receiving 20% profit disbursements if at least one acquisition has successfully closed during the preceding 12 months.
Governance Tokens (GT)
A Governance Token can be acquired for each 60,000 Native Tokens that you have in your account.
If you wish to acquire more that one Governance Tokens, you need to purchase and maintain an additional 60,000 Native Tokens for each additional GT. This is capped at 5 GTs.
How to sell/transfer Governance Tokens
The receiver must verify their identity and own at least 60,000 Native Tokens.
You may then initiate sale/transfer of your GT to the receiver.
Due to the nature of the assets being acquired (US farmland), there is a KYC requirement for 51 GTs. This is not a LANDAO decision; it is required to assure compliance of US law.
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