PARTNERSHIP ANNOUNCEMENT LPI DAO X Satoshi City

Overview

  • Purchasing of goods and services on the platform
  • Staking for additional discounts
  • Participating in the system’s Governance
  • Rewards for liquidity providers, Governance and platform participants

Token Functions

  • Purchase of goods, avatars, build armies, and avail services on the platform
  • Staking for additional discounts and land and kingdom upgrading
  • Rewards distribution for liquidity providers, users participating in system governance, users making purchases on the platform, and contributors, building on public virtual land
  • Governance of the platform

Platform Functionalities

  • Purchase pieces of virtual land in the form of NFTs
  • Sell pieces of virtual land
  • Rent virtual land
  • Curate NFTs
  • Build new features on the public virtual land
  • Participate in virtual events

Platform Participants

  • Investors/landowners — Users who invested in virtual land. They could become sellers and rent their NFTs at any point.
  • Lenders/borrowers — Landowners can also use their NFTs as collateral for borrowing money.
  • Buyers — Users opting to buy virtual land from landowners.
  • Renters — Users renting virtual land from landowners.
  • Curators — Users curating pieces of virtual land.
  • Contributors/Builders — Independent 3D artists, building amenities on the platform-owned land.
  • Independent users — Users coming to the platform to participate in virtual events by paying a single fee.

Lending and Borrowing

Governance

  1. Early days — during this period, the team is in full control of the project, and no voting is done. This is because there will be bugs and events which require immediate hotfixes, and this cannot be done really democratically.
  2. Semi-decentralisation — during this period, the team is still in complete control of the project and can deploy hotfixes same as above, but for the non-urgent decision, it can take community input via a forum or even via off-chain voting like a snapshot — https://snapshot.page/#/
  3. Full decentralization

Useful Links:

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LPI DAO

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