Re: [ANN] LandDAO - Your Gateway to Tokenized Land Ownership
LandDAO is proud to unveil $LNDAO, the ticker of its native token fueling its mission to bring real-world land ownership on-chain through asset-backed NFTs.
Read more: https://landdao.io/blog/introducing-lndao-the-official-token-ticker-of-landdao/
It is good to see the progress being made by LandDAO. At the close of work today I will go through the resources to see what the use of the token will be and how to benefit from it. One interesting thing about the project is the fact that it is backed by a real asset so finding utility for the token will not be a problem. I will get other minor details about the token including the blockchain it will be launched in as well as the prospect if it will be listed in the market for normal trading and also holding. Read more: https://landdao.io/blog/introducing-lndao-the-official-token-ticker-of-landdao/
It is nice seeing this development and I must say that the team is really up on their feet with the task to delivering good and quality services to the community and investors which would benefit from all but what really caught my attention was this aspect of profit sharing;
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"Profits are distributed to DAO members quarterly."
And here,
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"A percentage of LandDAO's profits is distributed back to local communities."
I have really not encountered any of these projects that do such before.
To be frank sharing back to the local community is what I think would set the pace for the LandDao project and making it more visible and audible to investors both locally and internationally and also creating more value to the existence of the project.
It is nice that the LandDao team make this aspect of the benefits of the project well known because it is not just about taking or buying from the local community but also sharing profit with them as well which is rare to see any organisation doing such after they had purchased landed properties from the local community.