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.
How to buy Governance Tokens
Verify your identification.
Purchase and maintain a minimum balance 60,000 Native Tokens at all times.
A Governance Token can be acquired for each 60,000 NAtive Tokens that you have in your account. See Get Tokens for step by step process.
If you wish to acquire more 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.
Governance Token (LGT) Contract: 0x55373b01464E9413eD6A5260b194273e6d62136e
Due to the nature of the assets being acquired, there is a requirement that 51% of GTs must be owned by US citizens. This is not a LANDAO decision; it is required by US law.
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