Token owners drive Loci Program initivaties
Expert fiduciaries execute programs for token owners
LG token value is expected to rise with net assets owned
LG are the Loci Network protocol token with voting power.
"One Ring to rule them all,
One Ring to find them,
One Ring to bring them all
and in the ledger bind them."
― the Loci Trustees
Through their voting powers, LG token owners govern real estate directors and continuous investment of cash income net of expense flowing among Loci Projects, their associated whole loan, and $1 yield contracts secured by whole loan repayment security and collateral.
LG tokens have no offering price. The token price per auction period may be calculated by the total contributions within a given contribution period, applied pro rata to the tokens available for auction during that same period. Secondary transfers in time will provide another indication of LG token value and price.
Approximately every week a supply of LG tokens will be available for minting to new and existing holders/members during a fixed-duration contribution period. Participants will contribute ETH in one contribution period in order to mint their LG during the next contribution period.
The next contribution period begins as soon as someone contributes ETH after the end of the prior contribution period. This is done for two reasons: 1) It prevents contribution periods that have no distributions, and 2) it avoids an additional maintenance transaction to start contribution periods at a particular time.
Yes. Since the cost of a new contribution can be as low as one wants and since minting LG would cost gas anyways, you can always contribute a small amount again to keep things going since contributing will always mint whatever was mintable from any prior period.
All contributions are used to cover network costs that improve and/or maintain the operations of the ecosystem which typically includes software development, management, marketing, and operating expenses. Contributions help bootstrap a real estate ecosystem that will yield cash after startup.
ETH is the native digital asset a.k.a. token of the Ethereum Web 3.0 network. ETH is a medium of exchange and pays for transactions on the decentralized network. ETH may be acquired through numerous means including here.
Not presently. However, the network has planned future capabilities.
Timing of these capabilities will be determined by Loci Network directors guided by token owners.
There is enormous potential. The Loci Network creates a new venue for money sources and producers of multifamily and single family real estate to connect mutually for resident benefit.
LG token proceeds form part of a multi-layer liquidity system being organized for the long term benefit of the creators of real estate and their customers -- residents and money sources. Yield contracts, $1 subdivisions of senior secured whole notes, are another layer in the network liquidity system being deployed to serve owners and creators of housing.
Generally, LG tokens will be valued according to the sum of the assets owned by the network mutually less its debt originated to finance acquisition and ownership. In addition to this traditional valuation, LG tokens will also be subject to a liquidity factor. The liqudity factor is an unknown multiple the market will place on the LG token price. The multiple will be a derivative three things the market will assess long term: