Senate Minutes - August 12, 2022

Senate
1

Senators Present

Brent (#0007), Cameron (#0048), Chris (#1001), Digit (#0045), K. (#1002), pmg (#0051)

Minutes

  • Continued $LAND framework discussion
    • Agreed on launching as an internal community currency, only transferrable between citizens
      • Rationale:
        • Remove speculative pressure
        • Allows us to build value into the token from the ground up
        • Autonomous from other economies, e.g. USD
    • For transparency, we will be communicating more about the $LAND framework and plan for distribution via an upcoming forum post
    • No governance vote is necessary as $LAND creation and distribution was already approved earlier this year
    • Discussed $LAND FAQs
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