Tutorial: The ACRE Contract
First off, I would like to congratulate you for finding us and welcome you on this journey. If you have not already, please download a web3 wallet to interact with our contracts on the Ethereum mainnet. There are many available, but we find MetaMask to be the simplest to use.
The ACRE Contract is the base contract on a planned ecosystem built by Greenpoint Land Reserves (GLR) on behalf of the Movement DAO, a Decentralized Autonomous Organization. This ecosystem acts as a bridge to the real world through the DAO Controlled Land Trust, a decentralized physical investment vehicle built by GLR. All are welcome to participate.
ACRE Contract
0x55a0d55bbba001f6e1d107980bbfb3c163f3955f
Deployed April 9th, 2021, the ACRE Contract brings about new opportunities for the DAO and impact investors alike. The DAO funded this contract with 300,000 MVT on deployment, which is up for grabs to those seeking to earn a calculated payout.
Buying ACRE
ACRE is a deflationary asset designed to pay dividends from GLR operations in the real world. DAO lands support highly automated and streamlined processes on-chain and allow revenue streams to flow to ACRE holders via smart contract.
Step 1. Visit acre.holdings
Step 2. Enter the amount of ETH to Spend
Step 3. Click Buy $ACRE
Step 4. Approve Transaction via MetaMask
MVT Market
ETH generated from the sale of ACRE goes two places. GLR Operations and ETH Reserves of the MVT Market. This market has an automated price floor and will continue to buy at a calculated rate. All MVT purchased is paid to TOTEM holders. Floor Price represents the price the contract is buying for, and reserve is the amount ETH available to exchange for MVT.
Step 1. Approve MVT
Step 2. Enter the MVT amount
Step 3. Click Sell MVT
Step 4. Approve Transaction via MetaMask
TOTEM Converter
The TOTEM NFT requires two assets at the time of creation, any amount of ACRE weight, and one MDT. Both the ACRE and MDT are locked while generating this passive income generating NFT. Each TOTEM earns from the MVT Rewards Pool. Converting TOTEM back to ACRE burns a percentage of ACRE in the process. (MDT Uniswap Pairs)
Step 1. Approve MDT
Step 2. Enter the amount of ACRE to Solidify
Step 3. Click Create Totem
Step 4. Approve Transaction via MetaMask
Passive Earnings Payout
The ACRE contract pays returns to TOTEM holders in the form of MVT from the rewards pool. As it accumulates, pulling and selling it back to the contract may become advantageous for savvy traders.
ACRE rewards are paid in ETH generated from GLR Operations via the ACRE Contract. GLR Operation requires ETH generated from the ACRE Contract to start.
TOTEM Rewards
Step 1. Click Pull MVT
Step 2. Approve Transaction via MetaMask
ACRE Rewards
Step 1. Click Pull ETH
Step 2. Approve Transaction via MetaMask
Reach out with question and be on the lookout for updates.
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