TheLandSafe Proposals

Proposed purchase: Enigma Economy V5 NFTs (BTC/LTC/DOGE Miners) x 10.5 ETH Proposal by @SoreThunder with input from @WarriorMama

Why Enigma Economy? Enigma Economy decreases the barriers to entry to allow greater access to cryptocurrency mining (BTC, LTC, DOGE, KDA – rewards can also be converted to ETH).

Their V1/V2 collection was launched in November 2021, their V3 collection launched in January of 2022 and their V4 collection launched in April of 2022. All of these collections are considered “Genesis Miners” and will subsequently scale with further mints and partnerships, V1/2/3 scaling more than v4. Scaling is achieved multiple ways – hosting fees, reinvestment periods and a potential ICO. V1/2/3 are reinvesting till July of 2022 and V4 until November of 2022. Hosting fees received from hosting other communities’ machines at Enigma’s facility go to purchasing more machines for Genesis holders.

BMC has recently signed an agreement with Enigma to host all of their machines at Enigma’s facility. Unlike BMC, Enigma holders actually receive the native token of the blockchain the machines are mining – BTC, LTC, DOGE, KDA or converted to ETH instead of a community token like $HASH. This was proven by a POC distribution that happened in 2022 and by community members who are also part of the “Buy and Host (B&H)” program, who have received their mining rewards bi-weekly, without fail.

With B&H, an Enigma holder can purchase a machine at a discounted price and host that machine at Engima’s facility. Enigma is putting a twist on this and offering their V5 mint, which will fractionalize the ownership of the Bitmain Antminer L7’s. Essentially, ~67 v5’s will equal (1) L7.

V5 Details The cost to mint a V5 during the preseed round is $112.50 ($125 after preseed round) valued in ETH at the time of mint. With the least optimistic expectation of return, we can cap an L7 miner at $17/day, minus hosting fee of 22.5% = $13.20 per day/$401.50 per month/$4818 per year. Assuming each NFT is 1.5% of a miner, you would need 66.66 of them (67) for 100% of a miner = $112.50 x 67 = $7537.50. So payback (not ROI) is 18.5 months - the distinction being that you still own the NFT. This effectively means a 200% ROI by this point should you decide to list at price minted. Or just continue to mine profitably supplying that regular income to the treasury. NFT artwork is made by well known NFT artist Sylvio Vieira https://superrare.com/silviovieiraart.

Proposal After consultation with members of the Enigma Economy Discord and our LandSafe Community members who are deeply familiar with the project, we suggest the following purchases (floor prices are subject to change): V5 Mint: up to 150 (2.25 machines) x $112.50 (~10.5 Eth) Note: these numbers may be adjusted by the team based on floor prices at the actual time of purchase. Purchases not to exceed 12 ETH including gas fees.

Do you want to see the LandSafe make these purchases for our community wallet?

Other notable communities participating in preseed round: Llamaverse Mighty Labs Nifty Nuggets Magma Dysto Apez

Website - https://www.enigmaeconomy.com/ v5 FAQ - https://drive.google.com/file/d/1d4OyFAmTxRxqnbF_B9SmNfrO8BW