Virtual Terraforming

Virtual terraforming (terraform means to transform a planet so it can support human life) is our unique version of compounding. The issue with compounding is that it increases token emissions and token supply, which eventually lowers token price.

To address this, our version of compounding will issue a new utility NFT that may offer significant value in future phases of our project. Since this reward is not paid in the planet's token, it causes no dilution or sell pressure. Plus compounding will benefit the entire collective since a portion of the revenue goes to that planet's treasury.

It's optional for fractional governance NFT holders to terraform and receive their fractional land NFT. Land NFTs represent virtual plots of land on a planet within our metaverse. These NFTs won't have utility until our metaverse launches, but could become valuable similar to other metaverses like Decentraland. Plus as noted the virtual land for earlier projects will have greater benefits including lower costs, which should result in higher values over time.

This approach also ensures a clear delineation between those who want to buy for investment and/or governance, and those who want to use and improve their land within our metaverse. Land NFTs let owners build on and improve their virtual land.

The virtual terraform platform is expected to be released after the sale of the planet NFTs. Fractional governance NFT holders will have 90 days to terraform once their planet's NFTs sell out at a cost of $50 per NFT. Since terraforming increases a planet's treasury, it will be a competition which planet's NFTs sell out first and can begin terraforming to recognize the benefits.

If fractional governance NFT holders don't terraform, their land NFT will be auctioned separately. They will continue to hold governance rights for their planet long as they hold the planetary NFTs. On the flip side, land NFT holders can buy planetary governance tokens on the open market if they want governance votes.

25% of each planet's terraforming proceeds will be used to replenish the planet's treasury, plus an additional 10% will be set aside to provide some yield to those that terraform. This be paid over 3 months when they receive their land NFT once the terraforming process is completed (terraforming takes 90 days and requires the fractional NFT to be locked for that term). The result is a 20% APR yield (this is a 6 month APR since calculated from the day terraforming begins), plus holders will continue to receive any rewards from their project while they are terraforming. The remaining 65% of the terraform funds will be allocated to the CollectiVerse treasury (to build the cross-chain bridges, metaverse, and other utility that will create long term revenue for the ecosystem).