Diversified DAO - Update

I think I am going to change it to only have a SPT delegation contribution so everyone still gets the SPS rewards associated with there collection power as each spt contributions 25% to collection power so a million delegated costing maybe 3K which isnt a huge investment but the minimum will be half at 500K SPT and the max will be 1,500,000 as we need a big enough vote to matter in total SPT power so we can promote posts effectly and attract other larger votes for curration which boosts are rewards increasing assets and income each time and getting new streams every time a payout is made by reinvesting half of the income and providing half of the cash flow in kind as income so the goal is appreciation and growing cash flow along with hedging the portfolio with assets like real estate syndications and other investments that many people do not know about and do not have access to. Once the club hits 5 million in assets every member is a accredited investor for purposes of the SEC test on the club to determine if the partnership is accredited. Once we get to 5 million plus we can participate in any private offering like the Voyager II fund which invests in SFR rentals, Tax Leins and land and has provided a tax favorable return of 15% per year in cash distributions since inception as well as being un leveraged. Also get into a MHPS, self storage as well as data centers, cannibis grow facilities, blockchain gaming funds like the one from Fig on Republic, Metaverse funds that own say land in decentraland etc. Also we will invest in early stage seed rounds like I was able to do in Splinterlands. I was one of very few people who was able to get a allocation and it was on accident I ended up talking to them bc I bought a grand of packs I needed to return I was trying to buy 100 worth lol. Then just asked if there raising capital and it happended the round was just closing and I got to get in which has paid off already with much more to come. I got lucky but if we pool money we can invest in things with minimums of say 10-100K eventually and everyone gets a diverifiedd basically pension that will build up over time using 50% as distributions to provide ongoing income and 50% to grow your position and therefore growing cash flow you get. I am planning on doing the 1,500,000 delegation as I have that now. I may also delegate all my cards so ppl can battle with them in a special account in which the SPS earned from the air drop on my cards which dont give me ownership only the SPT invested does so the SPS earned is the interest I receive on the loan for giving the DAO a large collection to start with and earn with. The ability to use high level cards for a commission after you win will attract players with little funds as well as agreements where we stake a player in return for a 1-5 year contract with us with a bond put into a escrow account with us incase the terms are broken to deter ppl from not furfilling there agreements. This will let us keep money flowing from battles and tournaments 24/7 as the members can request delegations and there will be a schedule to do so that tracks what is availible and the max delegation will be a season but it can be cut short if the person is not performing and a better performing player needs it. We will have a Junior partner program where say 25% of the comission can be paid to buy into the partnership at specified intervals and the Junior partners receive a 50/50% straight split with 30% going to the F units and 20% going to seed units. The earlier the better if you want to get involved as early units will get way more down the road than when we start raising on republic as they will be rewarded for jumping on early. Early I consider until we raise capital via a SEC reg D etc round and total assets are over 5 million. Basically going for it. I may add more assets over time even though I already have like 30-35K into my account in value but cost is much less due to my initial SPS distribution related to my preferred stock in the company which I sold and was able to buy back at lows which reduces my cost by about 12K of gain so the cost basis is like 23K on all of my assets for all of the interests including the stock. I may add another 10-50K over this year depending as well. But I will be delegating some of my personal returns in the begining to help grow the fund by occasionally giving everyone a bonus 100% SPT vote from the club and my personal balance etc which will help promote the club and grow it. After we hit 5 million any share after that will also pay a 3% management fee to the F and Seed units who have no management fees based on asset % they only have profit splits so no distributions to the F units if the Seed preferred return is not met first. If this is done right and with enough people and SPT with a goal right now of 100 million SPT from all partners so about 100 partners and if someone wants to stake a larger amount than 1.5 million I will likely allow it but restrict it so that voting can not be dominated by one group or person. Also we will get into NFTs for the club and all members will receive a Unbanked Card after I can lock up a white label referral program for x dollars and the metal card with say the clubs logo which still needs to be decided and will be by the members. The partnership will be the SPL Digital Asset Group Governance DAO tokens. These will be air dropped in a few air drops based on a date and time which will be random but soon and the assets held to receive some of the initial air drop will be based on SPT for one, SPS for one and DEC for one. Any Seed investors who are the first 10 members to commit to investing with the group at the 500K initial and additional 500K SPT min by the end of year 1 and you can use the profits or a percentage to pay the balance if you do not put the million in right away. A million is like 3 grand so it is not a huge investment but will likely have large returns for everyone as long as SPT doesnt tank or if we can reduce or hedge exposure to it eventually if we see risks coming but the DAO can decide the investment moves.

The rest like the allocations are not going to be change able and also the units wont be able to be changed and no additonal units can be issued after X time that we decide so that will be when we stop accepting new equity members. You will receive a K-1 on 9/15 of each year so extensions are necessary. We will provide estimated K-1s by 4/15 each year to help you extend but likely it will be a tax loss for a few years which will sheild cash flow as the tax laws are favorable if you know them. Once I can get this going and hoping it provides the extra income I need to basically not need to ever worry about whether or we need money in a few years if it goes very well and we raise money via a crowdfunding campaingn getting are options and making the early investment group shareholders alot of money once its changed into a fund with the Fand Seed units then getting the additional promoted interest so once we raise the Seed shares get some of the extra outsized returns and mgmt fees paid to them as income.

The opportunity is to be able to expand in splinterlands with land purchases, bulk card packs, other assets in tribalDEX and other LP or staking opportunities and be able to provide them efficiently and even be big enough to use ETH profitably without gas impacting us if we used size. I plan on this being a massive collection of mostly assets that supply a high cash on cash return and can be tokenized, non tokenized etc but must be purchased with income from the clubs retention of 50% of cash flow and nothing else. If SPT grows are expansion will be much faster. Also you will get tax advantaged income where say we invest in a syndicated real estate partnership the losses will offset ordinary income from mining and the net tax impact will be zero or that is the goal.

Also if you want to help out in running it I can lower the minimum significantly and the rest will be equity compensation like my shares are. I may do equity comp for a few more people but then that will be done really quick once the team is in place.

But still working out all the mechanics and whether or not I want to do a separate private debt fund to lend to the DAO and other projects so we can have a funding source and the DAO will own the promoted interest of 10-20% which will goto all unit holders based on the splits.

If I was able to do the few bonuses with you would you join then? Would cost nothing and I am going to do it with everyone bc it will raise extra cash for the DAO at the banks expense not ours. It will fund the entire operations seed costs and initial investments.