Pre-Sell Information
LANDAO Native Token pre-sell
Target amount: $26M (to purchase 3 properties)
Token price: $1
Duration: Until our first acquisition or $26M, whichever occurs first.
When you buy Native Tokens during the pre-sell, there is a one-time reward of 50% additional tokens, distributed upon the first acquisition.
Until the first acquisition, 10% of the token sales will be set aside for the DAO's administration costs (not to exceed $320,000). After the first acquisition, the administration costs will no longer be funded by token sales.
We will enter into a purchase agreement for the Hard Times Farm property for $4M as soon as funds are available.
The purchase agreement allows for 30–90 days of due diligence prior to closing. Our goal is to finalize the purchase as quickly as possible.
Projected pre-sell and acquisitions timeline:
Month 1–3: $5M in treasury from token sales. Purchase agreement is executed for Hard Times Farm.
Month 4: Additional $6M in treasury. Purchase agreement is executed for Mississippi Hills Farm.
Month 5: Additional $7M in treasury.
Month 6: Additional $8M in treasury. Purchase agreement is executed for Haystack River Ranch.
End of Month 6: Finalize the purchase of Hard Times Farm. Pre-sell is complete, and 50% token reward distributed.
Total amount raised: $26M
Total annual income from properties: $550,000
LANDAO has identified these 3 properties that conform to the DAO purchase formula:
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