TheLandSafe Proposals

Lux are building a cross blockchain VR, AR and Desktop Metaverse

They are native to Solana, but are about to have an Avatar mint on ETH - the “Sachi” collection, designed by a well known gaming concept artist. Based on the quality of the build / VR experience, & recent depreciation due to the wider market fallout, I think Lux is a potentially good investment. The project / team will feature in an upcoming Forbes Magazine interview, and they have experience working with real-world companies such as BMW, IKEA and Lufthansa. They have also done projects for the Swedish government in the past.

5 Tiers of Land: Apartment (3000 units) Duplex (900 units) Condo (600 units) Penthouse (400 units) Mansion (100 units)

Total Volume traded (Magic Eden): 96,030 SOL

Following the sold-out Lux mint, Lux recorded the highest trading volumes on Magic Eden. Apartments were changing hands for 18-20 SOL (back when SOL was $200), and Penthouses were going for upwards of 70 SOL. I think a mansion got sold for 150 SOL. Current prices are as follows:

Apartment: 2 SOL Duplex: 3.79 SOL Condo: 4.8 SOL Penthouse: 12.79 SOL Mansion: 54 SOL

I propose the DAO purchases:

1 x Mansion @54 SOL (which could be good advertising for the DAO - FTX has one, as do most leading Solana NFT projects). Stake for $Lux token

6 x Penthouses under 20 SOL (FP goes up to 50 SOL after this). Stake for $Lux Token

Max Expenditure: 174 SOL = $6,960

The DAO could buy apartments, but I think the Penthouses will be more sought after, and if you can buy at 10-15 SOL, we should be able to make a 5X on them during the next bull run. A reference point should be Portals, which as a FP of 41 SOL for the most basic Ivory apartment, and 221 SOL for the mid tier Onyx. I also compare the real estate demos to Exclusible.

The staking rewards for real estate are as follows, although the $LUX token price is yet to be established (it’s pre IDO):

Apartment: 1000 $LUX per week Duplex: 1200 $LUX per week Condo: 1400 $LUX per week Penthouse: 1600 $LUX per week Mansion: 2000 $LUX per week

One possible strategy would be to buy Lux Realestate pre the upcoming avatar mint, and sell during or after, if there is a pump. Another would be to buy and stake until the next bull run. I don’t think prices will fall beneath current levels, and Solana is currently selling at a discount, which makes the real estate relatively cheap. During the next bull run the DAO could sell everything, or retain the Mansion as a presence / clubhouse in the Metaverse.

One of the main concerns I have had with Lux is their lack of decent marketing. I am assured that this will change soon, after the product is released. But other than that, it’s a professional team that’s focused on delivering results. They have frequent announcements on the Discord, and regular AMA’s with Chris, the founder.