Introduction: A Nonprofit Sphere of The Movement DAO
Building the DAO Controlled Land Trust
Greenpoint Land Reserve (GLR) is a nonprofit Sphere of the Movement DAO. Acting in the best interests of DAO, GLR has assembled a team to start building the DAO Controlled Land Trust, a leverage-able tool that is owned and managed by the DAO.
Our mission is to place thousands of acres of land worldwide into this land trust, effectively locking land up in the first of its kind land preservation and conservation system.
We have been working to create a bridge from the Ethereum meta-verse to the real world. Once we secured funding for the rewards pool, we got to work designing the ecosystem and looking for different partners to help make this a reality. We believe the holistic approach we have taken with our business model will add value to the communities we ultimately serve.
Structured as a nonprofit, GLR operations will inevitably net a profit from the many sustainable revenue streams created by the land trust portfolio. These funds are then distributed on a routine basis via dividend payments and staking rewards via smart contracts deployed to the Ethereum mainnet.
Phase 1: Board of Directors
The Board of Directors consists of five seats. Individual DAO members hold the first four seats, but the fifth is the DAO itself. All board decisions will allow for a vote using the DAO’s deployed voting contracts available to MDT holders. GLRs website and the Movement’s Forum will host recorded meetings, financial statements, and voting perimeters for transparency.
Once operational and according to schedule, the board will be cut down and eventually eliminated, giving the DAO full control. GLR will only exist as an administrative function that performs off-chain transactions per the DAO. Transparency and open accounting will drive all GLR operations. GLR answers to the DAO and internally set up like any other nonprofit.
Operationally there are three departments within GLR. Internal Management that handles the day to day, and Land Management that oversees field operations. Finally, Virtual Management returns us to our roots with Greenpoint-Decentraland. Our team is excited to get to work making this a reality.
Land Management and Field Operations
GLRs plan for land management and field operations is two-fold. Acquiring land and sustainably monetizing that land. So, what does that mean? Let us start with land acquisitions. ETH generated from our token sale will fund the purchase of the different land assets initially in the United States. This land, transferred into the Greenpoint Land trust, names the DAO as benefactor and GLR as trustee.
We’ve been working on different models and partnering with some fantastic companies to build a holistic approach when dealing with each land asset. Early on, we realized the value generated by each parcel of land increases as its socio-economic impact on the surrounding community increases. By looking at both the land and surrounding areas, we can mold our approach to best create value. Whether in a metro area with a vertical farm that produces fresh vegetables and jobs or large-scale carbon-sequestering projects that generate carbon credits, large scale fruit, nut harvesting and hardwood production. Our plans are all geared toward the public good.
Finally, by streamlining valuable local supply chains, we hope to build a lasting benefit to the surrounding communities. Farm to table, or possibly even solar or wind farm to home, we create an environment mutually beneficial for all involved.
Impact Investing: Introducing Proof of Acre
Proof of ACRE is a revolutionary new protocol that will pay dividends from funds generated by operations on land in the trust.
Rollout soft date: mid-March
At launch, the ACRE Token will facilitate the purchase and development of the first lands. ACRE will launch alongside the MVT & MDT staking contract that also allows for staking ACRE. Staking all 3 creates a multiplier reward. Each ACRE Token purchase interacts with the DAOs ecosystem by adding value and locking liquidity to MVT.
Wu Wei Distribution and why MVT.
No ICO has been held, and no funds have been raised. To ensure a wide range of early participants, only one account per person was allowed to sign up for the initial free distribution on Bitcointalk — alt accounts and robots were effectively removed. After the final audit of thousands of applicants, 557 initial early adopters were accepted and are set in stone on the Genesis Participant List. In order to distribute MVT in a fair and beneficial manner, every participant’s contributions were rewarded proportionally. There are currently 852 address holding MVT.
Some of you may remember the original Greenpoint project. While that never came to fruition, we have continued in spirit. This piece of digital LAND the DAO owns is to be a portal to current GLR operations. Conceptually a lighthouse, this outpost will eventually have voting kiosks for the different aspects of the land trust. Visit Greenpoint-Decentraland.
Leave It Better
The Movement DAO has always considered ideas like sovereignty and equality of opportunity paramount to a free and independent society. We believe that by creating green public spaces, local forested areas, and co-op style farms, we can help support local economies and communities while also making a difference to the environment. This is the mission of Greenpoint Land Reserves. Leave it better than it was.