Residence DAO Starts with Miami Luxury

Natalee — Mon, 14 Mar 2022 11:31:08 +0000

The Residence DAO is reshaping the way people experience the world by providing community members (i) direct access to a portfolio of luxury properties in premier travel destinations, such as Miami, New York and more, (ii) crafting personalized experiences for guests and (iii) fostering a community of nomads and world travelers.

The team includes a Harvard Law School alum, current and former employees of Google and Goldman Sachs, full stack developers and real estate investors. The team has worked with Foley & Lardner, a top international law firm that specializes in real estate, hospitality and NFT law. Foley has worked on many notable NFT projects in the past.

Residence DAO Details

Membership to The Residence DAO is unlocked by purchasing the NFT.
Membership NFTs will generate a daily token yield that members can use to reserve nights at the luxury properties.
Prior to their stay, each member will receive a customized itinerary generated based on their tastes and desires.
Premium services, such as a personal driver, table reservations at a nightclub and various activities, can be purchased with ETH or USD.
Being a member of the Residence DAO comes with certain governance rights, such as voting on which cities the DAO expands to, what IRL events the DAO hosts and more. DAO members will also have a say in key decisions the DAO makes regarding the properties and experiences.

Miami Membership

3000 total

Enjoy the perks of Residence DAO including:

Access to reserve all of our Miami properties
Governance rights via Membership NFT
0.1 token per day yield
Personalized experiences based on your tastes and desires
Access to members-only Discord channels
More to come!

0.305 ETH

Global Membership NFT

500 total

All of the perks of a Miami Membership plus…

Access to reserve ALL of our global properties
5x governance rights via Membership NFT
2x token yield
Access to premium concierge service during your stay
Priority reservation access
Whitelist to future mints and more!

1.25 ETH

Tokenomics

The formula for reserving a night is a time-driven function that puts a premium price on reserving nights early and discourages last minute reservations. This ensures that both holders of multiple NFTs and holders of only one are able to reserve available nights.

This formula operates similar to the traditional hotel model, where there is a balance between planning ahead and timing. As more properties are acquired, there may be opportunities for the DAO to vote on changes that will affect availability and token costs per night.

100% of the net proceeds from the primary sale of NFTs will be used to:

Acquire luxury properties
Build the infrastructure needed to ensure a seamless member experience
Cover operational and other expenses (like lawyers, accountants and other boring stuff)
Further initiatives as approved by the DAO

As soon as practicable after minting, ETH will be converted into a stablecoin or USD to ensure the proceeds are not subject to ETH price volatility.

There will be a 5.5% royalty on any secondary sales. This will be used to subsidize ongoing operations of the project, such as acquiring additional properties, property management costs, insurance, taxes and HOA fees. Since it is impossible to accurately project secondary sales volume, the team is not relying upon this royalty alone for ongoing expenses. Whenever the property is not being used by NFT holders, the team will list it on short term rental platforms to generate cash flow. This will be the main source of income for ongoing contingencies.

The Team

Ash (Shah) is a graduate of Harvard Law and a former corporate attorney at the #1 law firm according to Vault rankings. He currently works on Wall Street as an investment banker, and he has investment experience in real estate and equities.

Anthony (NonFungibleTony) is a people expert who specializes in Community and People Development at Google. His people skills are extraordinary and he’s critical for the development of member experiences.

David (GLM) works on Wall Street as a bond trader specializing in mortgage-backed securities. He has extensive investment experience in real estate and has invested in many successful Web3 projects.

Tyler (Buc) is a full stack developer and an early investor in many successful Web3 projects, including BAYC, Kongz, and many other top-tier projects.

Sandro (AltAssetAnon) Is an early participant in the Web3 community. He has helped Co-Direct the Sneaky Vampire Syndicate Alpha and helped collaborate with various projects. He has also been in construction/development for 5+ years and brings a great real estate perspective to the project.

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Goblin Goons NFT Project

Mal — Wed, 14 Jul 2021 10:19:50 +0000

Another utility NFT project is launching this Friday (7/16) at 5:30 PM EST. This time it’s 8,500 Goblins launching on the blockchain at a fair .03 ETH each. The story behind the goblins revolves around the idea of sacrificing the goblins to the pit of everlasting fire. We were lucky enough to sit down with the leader of the project Theo and learn more about the project.

As night falls over the mountainous terrain of Ironstone, the distant sound of Goblins echoes through the forest. These notoriously greedy creatures have earned the name Goblin Goons in the region for their violent raids on villages and thieving of travelers’ belongings; which they proudly wear to show their status.

Goblin Goons Roadmap

10% sold: 8 Owners are airdropped an additional Goblin. Discord giveaways are drawn and airdropped as well.
25% sold: 5 ETH is added to the Gold Sack (community wallet). Discord channel is opened for holders to suggest how the funds should be spent. 8 Owners are airdropped an additional Goblin.
50% sold: 5 ETH is added to the Gold Sack. 8 Owners are airdropped an additional Goblin.
75% sold: 10 ETH is added to the Gold Sack. The Goblin Goons Liquidity Pool is initiated.

100% sold: The Pit of Everlasting Fire will be released in 2 weeks. Owners of gold coins will be able to propose development ideas.

How Theo came up with the Idea:

I’ve been running a Discord server for 1000+ NFT investors since March which aims to teach collectors about what makes projects valuable and share worthy investments. I have watched the avatar project space develop since BAYC and seen what works and what doesn’t. When developing Goblin Goons, I’ve tried to draw on all my knowledge of the NFT market and have added utility aspects that aim to add value for owners.

What Makes the Goblin Goons NFTs Unique:
The goal of Goblin Goons is to have it run like a DAO, where owners can vote on community matters and decide which direction the project takes. Each Goblin comes with 1-3 gold coins which act as governance tokens for owners. Each coin equals one vote so owners who hold more Goblins will have more power when voting on community decisions. On the website, owners will be able to view their gold coins balance and vote on decisions and proposals.

How big is the team and what are their roles:

The team is made up of 4 people. Myself, who is the creator, Cobble, who is the developer who has built a tailored smart contract for our utility and governance, and Flegz and Chubusan who are the two artists.

Price:

0.03 ETH each

Mint size:

8500

Mechanics:

2 weeks after minting has finished, the Pit of Everlasting Fire will be opened. These mechanics will give owners the choice to sacrifice their Goblin Goons in return for Ghost Goblins at a rate of N-1. For example, sacrificing 3 Goblin Goons will yield 2 Ghost Goblins. Ghost Goblins feature completely new off-chain attributes and rarities with the total supply being unknown as burning Goblin Goons is the only way to mint them. This deflationary mechanic will aim to decrease the total supply over time and act as a “reroll” mechanic for owners. Owners who mint Ghost Goblins will also receive an additional gold coin than the amount they sacrificed (N+1). This mechanic acts to further incentivize Owners who decrease the supply by giving them more tokens.

Links:

discord.gg/goblingoons

twitter.com/goblingoons

www.goblingoons.com

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