LAND Token Utilities & Tokenomics
Last updated
Last updated
The LAND Token plays an essential role in all platform features, including vaults, governance, NFTs, and RWA offerings. This list covers the utilities up to and including the RWA Token update, but will continue to expand as new features are added to the platform.
The LAND Token represents voting power in the Landshare DAO, which is the primary governance mechanism for the platform. The DAO and its voters have direct control over key elements of the platform including:
Staking Rewards: The Landshare DAO has direct control over the percentage of newly minted LAND Tokens distributed as rewards to each staking vault.
Emission Rates: In addition to the distribution of reward tokens, the DAO can also increase or reduce the total number of reward tokens minted per day.
Treasury Funds: 2.5% of new tokens minted are distributed to the DAO treasury. The DAO has the authority to delegate these funds for grants, burns, marketing bounties, or anything else the community can think of!
Through the DAO, the future of the platform lies in the hands of LAND holders! For more details on governance mechanics, check out our docs page.
Landshare Real Estate NFTs are stylized 3D NFT models of the real-world assets offered on Landshare’s platform. NFTs enable RWA Token holders to earn additional yields through a unique gamified staking system.
The NFT ecosystem utilizes the LAND Token in a number of critical ways:
Marketplace: NFTs can be traded freely among users using LAND Tokens. Each marketplace transaction incurs a 5% fee.
Minting: In the updated NFT minting system, a 5% LAND fee is applied to each new mint.
Power: In order to upgrade and repair NFTs, you must generate the power resource. Additional power can be purchased with LAND through the resources tab.
Slots: Each NFT must be placed in a slot to be considered active. Users can purchase additional slots for 15 LAND a piece.
Premium Upgrades: Each NFT property can be enhanced using premium upgrades, which cost LAND to purchase.
Investment in real-world assets is made possible through the RWA Token. However, the LAND Token plays an integral role in the process of acquiring and trading RWAs on Landshare.
In order to purchase RWA Tokens, you must make your payment in 90% stablecoins and 10% LAND tokens, pursuant to the total USD value of the purchase. For example, if you wish to purchase $1,000 in RWA Tokens, the total purchase price would be $900 in stablecoins and $100 in LAND Tokens.
With the new fixed-price liquidity pool, RWA Tokens can also be sold on demand based on the underlying asset value. When initiating these sales, a 1% LAND fee will apply. For example, a sale of $1,000 in RWA Tokens will incur a $10 LAND Token fee.
While LAND has many uses across the ecosystem, there is also an incentive for simply holding the token or providing liquidity — staking! There are 3 different ways to earn additional rewards from your Landshare Tokens through our vaults page:
Auto LAND Staking: The recommended option for most users. The Auto LAND Vault allows you to stake your LAND Tokens and earn LAND rewards over time. Rewards are automatically reinvested, enabling you to benefit from compound interest without lifting a finger.
Manual LAND Staking: Recommended for advanced users, manual LAND staking also generates rewards over time but does not automatically compound them. Instead, rewards can be harvested manually at any time.
LAND-BNB LP Staking: The LAND Token can be paired with BNB to provide liquidity on Pancakeswap. After providing liquidity, you will receive LP Tokens which can be staked for LAND Rewards. LP Staking generally has the highest APR of all the different vaults, making it a great option for savvy users. To learn more about providing LP, read our guide here.
The Landshare Token has an elastic supply, with an adjustable minting rate and dynamic burning mechanics that can affect the total number of tokens over time. However, one thing remains unchanged—LAND has a hard minting cap of 10,000,000 tokens, with each burn counting against that number permanently. Here is a basic rundown of supply as of February 2024:
Total Supply: 4,527,348
Circulating Supply: 4,495,919
Supply Cap (10 million minus burned tokens): 9,973,659
Daily emissions: ~2050
The remaining un-minted tokens will be distributed over time as staking rewards (97.5%) and to the DAO treasury (2.5%), at a current rate of roughly 2050 per day. This number can be modified at any time through the Landshare DAO.
A vesting schedule applied to the first year of launch and can be viewed in the Whitepaper. However, all vested tokens have since been released into circulating supply. With the exception of the DAO Treasury reserve and burnt tokens, all minted tokens are in active circulation.
