Greenpoint Land Reserves

Introduction: ACRE, TOTEM, & Beyond.

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With great pleasure, we’d like to announce that Greenpoint Land Reserves (GLR), a nonprofit Sphere of the Movement DAO, has completed MIP:001–1.

With funding and testing complete, we would like to offer proudly to the community the ACRE Smart Contract. This novel smart contract rewards users in multiple ways while ensuring a price floor of the ecosystem continues to rise, benefiting all involved. We encourage the community to participate as we are passionate and have no plans to stop.

What is the ACRE smart contract?

0x8dB802D64f97dC6BDE4eE9e8C1aecC64d3E7c028

@CryptoDevPines developed ACRE in association with the GLR Team to build the foundation of a sustainable physical ecosystem that benefits surrounding communities, token holders, and the DAO. We call this system the DAO Controlled Land Trust. GLR uses funds generated from the ACRE smart contract to purchase property for this first-of-its-kind land preservation and conservation system.

Purchasing ACRE Tokens

Purchasing ACRE tokens starts a journey in the ACRE contract. Holding ACRE allows users to either earn from dividends paid into the contract by GLR or convert their ACRE tokens into an NFT or Non Fungible Token called a TOTEM that earns from the contracts indefinitely.

What is the TOTEM NFT?

TOTEM holding ACRE weight.

TOTEM reflects the ACRE token’s weight at the time of creation. This weight earns you a percentage of the daily payout of the ACRE contract. To create a TOTEM, the user locks 1 MDT and their ACRE tokens into the NFT.

Passive earnings paid in MVT.

What is the relationship between MDT and TOTEM?

Currently, there are 677,433.38 MDT which means there is a limit of TOTEM that are possible. This approach adds to the scarcity of both assets.

What is the price floor of the ACRE contract?

At launch, the price floor that the contract will purchase MVT is 0.00005 ETH. After 90 days, that price floor will 5x, meaning the contract will start buying MVT at 0.00025 ETH. This price floor will rise in the ACRE contract every 300 days.

Floor Price and ETH Reserves

0.00075 ETH: February 4, 2022

0.00225 ETH: December 6, 2022

0.0067 ETH: September 27, 2023

Token Addresses & Market Info

MVT: 0x3d46454212c61ecb7b31248047fa033120b88668

MDT: 0x32A087D5fdF8c84eC32554c56727a7C81124544E

ACRE: 0x8db802d64f97dc6bde4ee9e8c1aecc64d3e7c028

TOTEM: 0x6Bcc8d4f905b9e8BB258d4b5E627bA054e3fcE9B

Uniswap Pairs: MVT

Uniswap Pairs: MDT

For more information on the ACRE Contract, please check out this step-by-step tutorial or check out the library of live streams recorded during the development process. We also have multiple information channels set up for the DAOs convenience. Reach out with any questions or to get involved.