Function

Investors depositing ETH to the smart contract mint VLND on Ethereum. VLND is an ERC20 token which:

01/ Represents the total value of NFTs under management as well as undeployed ETH in Plots’ smart contract

02/ Receives net yield in the form of increased AUM from fee split (earning reinvestment)

03/ Used to approve or veto $PLOTS proposals (DAO) What makes Plots unique among other rental platforms is the VLND token.

This acronym stands for Virtual Lands, homage to the first class of NFTs we will support. The token encompasses a theoretically infinite quantum of game assets under management.

Plots will initially serve only virtual lands, but will eventually include other revenue-generating NFTs under the VLND umbrella - for example apiaries, swords, shields, avatars, etc.

The issue with existing rental and co-owning guilds in the space is that governance and asset ownership are combined into a single token, which limits their ability to raise capital for purchasing more assets.

In turn, this limits the earning potential of the platform. PLOTS holders are able to make governance proposals - but approval or rejection of proposals is the responsibility of VLND holders.