pump our dg treasury

Acquisition of DG's 80 plot estate This proposal has been PASSED by a DAO Committee Member (0xbef99f5f55cf7cdb3a70998c57061b7e1386a9b0)

Acquisition of DG's 80 plot estate This proposal is now in status: FINISHED. Voting Results: * Purchase estate, withold land purchase 59% 2,971,845 VP (41 votes) * Purchase estate and continue land purchase 1% 8,304 VP (6 votes) * Don't purchase estate 40% 2,034,713 VP (38 votes) * Invalid question/options 0% 0 VP (0 votes)


That money is going to be spent anyway because the proposal to buy lands (**where I voted no**) passed. So we better buy a good estate for a price well under the market floor rather than scrap the floor for a few single lands or double lands estates.

@HPrivakos should save that money.

This wasn't DG's idea, and literally, the only reason this conversation is happening is because @HPrivakos said the estate was a good deal after he got done working on the algorithm to pick out lands based on the prop that already passed to buy land. Do you know how hard it is to get HP to want to spend treasury funds on anything? Also, you over-investing in a high-risk asset attempting to do something that has never been done before isn't really relevant to the conversation.

i dont blame dg id be selling my land to if I still had it. Besides they own massive amount even without this land. This benefits the dao in ability to delegate land to creators. 150k to dg is alot for 80 parcels make them offer to sell 100+. im vote no dg bastards have made enough on the backs of us investors ive personally invested 32 percent of what this dao would be paying to dg in there sunken wearables.

Yeah I understand that, thank you. What I am saying is there should not be a reason to delay the purchase of other land for 4 months. There have a few proposals coming through wanting to use DAO funds to buy land. There's no reason if they are able to have access to some of the land. But then they would have to continue to wait. I don't see why this was not discussed during the original proposal. Im not gonna speculate on anything but seems a little convenient to me as well.

[quote="Existential14, post:18, topic:19319"] If we cannot buy it all within the budget we set forth, then no. [/quote] That's what the first option is for: "Purchase but don't buy more lands for 4 months", so the cost stay the same. Spending 150k MANA at once to buy this land, but not spending 160k MANA over 4 months buying lands and smaller estates

Im voting no. If we cannot buy it all within the budget we set forth, then no. now if DG wants to break it up then maybe. I don't think the DAO's very first purchase right out of the gate should hold us back from buying up some of the land as intended. Maybe reconsider after we have had a chance to see how this plays out exactly. I'm a little confused to who thinks the DAO's intentions are questionable. We all here are the DAO. If they have concerns then they should be participating. It's that simple. Together we will decide the course our world takes. I hope everyone grasps that. Say it out loud to yourself. "My decisions will determine the course of a World' That is huge! IMO. Our votes IRL don't necessarily affect the entire world but in here it does. Yes we will not always agree but that is a fact. Maybe im being dramatic I suppose.

It's normal lands, no need for agreements with Vegas and no restrictions

I've changed my vote to not purchase, seeing that DG has just recently listed 4 2x2 estates amounting to 9.2k each. It does seem that the intention is for the DAO to absorb the batch during the June purchase. Include that with this 80 plot estate and we have close to 100 in Vegas District. I vote to continue with the initial plan of monthly purchase with a budget of 40k. IF the 80 plot estate is broken down and still purchased within the parameters of the initial plan i'll accept it.

I was in favor to continue but seeing that its becoming tight with the people that dont want I decided to change my vote to buy the estate + withold the purchase afterwards to atleast have something because thats the most favorable one leading!

[quote="3Point1Four, post:11, topic:19319"] It’s also interesting to note how we came from wondering what we are going to do with 15 plots of land a month to doing a block purchase of 80 at a go :joy: [/quote] It's much easier to find uses for 1 80-parcel piece of land than 15 individual parcels.

I am unsure how districts work. What kind of association would the DAO have with the district if we purchase land there? Would the DAO be bound by any agreement? Thanks :slight_smile:

Unless there is a already a specific plan for how this would benefit the community (or how it would be monetized and therefore the profits would benefit the community), I don't see why this needs to be purchased. Yes, it is a good deal for both strategic flippers and strategic builders. Is that the DAO? 150,000 $MANA is incredibly low for this land and even lower considering $MANA's also low $USD value. I believe at time of writing this it's $72,000 USD. But to be clear that's the equivalent of 16 grants of $5,000 each. Is there a reason to buy this land that merits 16 fewer people potentially getting grants right now? That's how I'm looking at it. My answer currently is no, however I am open to being convinced otherwise.

My stance of buying DG's 80 plot estate is neutral. I understand the value it brings to have a huge estate but the optics of the DAO deliberately purchasing an estate that size, that's also within a district, and launching a separate proposal from the one that is about to be enacted(land purchase) is something that bothers me. It may set a new precedence and like you mentioned, will we be expecting to make similar block purchases down the road if the same deal comes along again. I would be fine if it's the algo from the land purchase buying from a similar location but smaller plots and within budget because it's what was intended from the start. That way, while the lands flow into the DAO, we can also ensure that supply is met with demand. It's also interesting to note how we came from wondering what we are going to do with 15 plots of land a month to doing a block purchase of 80 at a go 😂

I see, then I don't know which way is better, but from what i was interpreting regarding the intention of the original Buy-Back scheme was to save the dcl land market floor price that was largely affected by the world feature. But now the focus seems shifting to better land utilization for DAO... (which i think is a good thing but will affect the original intention for at least 4 months) and the issue is if someone spots another good deal, should we buy that again, and then the buy back floor price scheme can be delayed again and again.. but i think you get me, since i saw you voted to continue land purchase (^_^)

Hi @MetaDoge, just to clarify, there isn't any plans to reverse the decision on land buying. The first option is essentially to halt purchasing for 4 months(July to October) to make up the budget that will go into purchasing the 80 plot land. After that the land purchase will start again on the open market. Then again, whether both should be allowed to run concurrently(2nd option) or not to purchase the 80 plot at all(3rd option) is what this poll is about.

Purchasing the cheapest land in the market is a community decision that went through several vote stages, then suddenly this proposal might reverse a lot of the decisions that have been made. I dont think it is that appropriate. But I can see the benefits of buying that 80 land, so i think maybe buying 80 lands and continuing purchasing land is a good option.

While I think this would be a great use case for the newly constructed DAO buying LAND proposal, I do worry about the association with Vegas District. It's also worth noting that just because it's an 80 parcel "estate" that doesn't mean that it **has** to be used as an estate. That's 80 plots that can be used for 80 different projects you break it all up. With each plot being below 2k MANA, that provides an opportunity for the allotted buy back budget to go even further (if I recall the figures correctly). Which I think is pretty valuable, but again I worry about the association. There are already a lot of poor views on the DAO's intentions and I fear this would lead to more speculation. Tough call.

Hi @Canessa. Thanks for your detailed feedback. The priority of the land purchase agreement is to purchase estates first before purchasing parcels, so while I agree with you that purchasing just parcels is not a good idea, it wouldn't be the case. I do also agree about the social aspect of having builders located beside one another. Another point of consideration for everyone to discuss about is whether including the exclusion clause for Vegas district is fair. My personal opinion is that because DG owns a huge chunk of Vegas district, it becomes a "guilty by association" scenario even though they are an innocent party. So whether the exclusion clause should be for DG or for Vegas district is up for discussion as well. Please also note that the withholding of land purchase is only for 4 months. This is because the total cost of purchasing the estate is 150k mana, which is equivalent to 4 months' budget of land purchase by the DAO.

Owning a large chunk of land gives you more options to build with. One fear I have of the DAO accumulating a lot of single-parcels are the limitations that you can build on one parcel. This would alleviate that. Another advantage would be the "social" atmosphere that could be created here. Think about the area near the Dollhouse that now has 4 POI stars and even more active builds than that (See picture below). When you visit, it's more like a neighborhood, and there's almost always someone on a nearby parcel. Utilizing an estate with 80 parcels would be an interesting social experiment, and could give us a new perspective on Decentraland if there is a large amount of people actively building in one close space. I will wait to see how the community feels, but I think it gives more long-term options than single parcels all over the map. 

DG will still have > 800 parcels of LAND after this sale. The sale of these parcels was approved by the DAO about 4 months ago: https://snapshot.org/#/decentralgames.eth/proposal/0x24c3db1fc8919092490b1522eb7b5f35d1d5b2be8e86a2484be0a3f02308253b