Ever been on vacation to an island and had the feeling that you wanted to stay there a while longer than initially planned? The complete serenity, sandy white beaches, pleasurable temperatures and we all know immediately why the vibes of the island are present.
Everyone will tell you that you can keep on dreaming…..until now!
Crypto Island DAO is here to make that dream a reality for everyone. This is the first real estate project in the world which set to buy a private island in the Bahamas and tokenise it, the beauty of it is that we all can co-own it!
Imagine telling your family and friends that you officially co-own an island, to be more specific, a co-owner of Little Whale Cay. A fully operational, private island with its own airplane strip!
Buying an island is not an easy task as one might imagine. There is lots of paperwork, permits, legal documents, research, debating and multiple meetings with government officials of all levels, real state agents and finally negotiations. Luckily, the Crypto Island team is ahead of the curve with hard work and determination. Now, the only thing that separates us from having this dream become a reality is $35 million dollars, then we can pack our suitcases and travel to the Bahamas!
The Crypto Island DAO is effectively a platform to raise funds to purchase the desired island of Little Whale Cay, we will be attempting this by selling $PALMTREE tokens through Juicebox. With your voting right you can vote about the use of funds using Snapshot.org . The ratio is calculated in Ethereum and 1 ETH equals 1 million $PALMTREE tokens which will be available as long as the crowdfunding on Juicebox.money is active. There is no minimum contribution required to invest in the DAO, however, a contribution of 0.05 ETH will provide you the PINK Membership Limited Edition NFT. There are in total 6 different NFT’s available. For more information about our our DAO and the NFT’s, make sure to check out our full DAO report below.
The crypto island DAO is your chance to become a co-owner of a real private island in the Bahamas and be part of our governance system.
For the first time ever we have started a crowdfunding to buy an island which will be co-owned by you!
We’ve set our goals on buying the private island called Little Whale Cay. This is a beautiful island in the Berry Island Chain of the Bahamas, it has 93 acres of land and best of all this island is already developed. With small modifications, it is capable of becoming the new home of Crypto Island and its community!
We have worked hard to be in the position that we are already in the negotiation stage with the realtors and have an offer on the table. If you want to know more about the island itself, please visit www.littlewhalecay.com
Purchasing an island is a one-off cost, making the island sustainable for Crypto Island and its community is a larger project. We will eventually merge the Crypto Island DAO into the $CISLA currency, in doing so we will combine the strength of both and lay the foundations needed for strong foundation.
Thanks to our own currency $CISLA, we are able to fund the following;
Over the coming year we’ll be scheduling votes to decide on a range of topics, including (but not limited to):
Ever been on vacation to an island and had the feeling that you wanted to stay there a while longer than initially planned? The complete serenity, sandy white beaches, pleasurable temperatures and we all know immediately why the vibes of the island are present.
Everyone will tell you that you can keep on dreaming…..until now!
Crypto Island DAO is here to make that dream a reality for everyone. This is the first real estate project in the world which set to buy a private island in the Bahamas and tokenise it, the beauty of it is that we all can co-own it!
Imagine telling your family and friends that you officially co-own an island, to be more specific, a co-owner of Little Whale Cay. A fully operational, private island with its own airplane strip!
Buying an island is not an easy task as one might imagine. There is lots of paperwork, permits, legal documents, research, debating and multiple meetings with government officials of all levels, real state agents and finally negotiations. Luckily, the Crypto Island team is ahead of the curve with hard work and determination. Now, the only thing that separates us from having this dream become a reality is $35 million dollars, then we can pack our suitcases and travel to the Bahamas!
The Crypto Island DAO is effectively a platform to raise funds to purchase the desired island of Little Whale Cay, we will be attempting this by selling $PALMTREE tokens through Juicebox. With your voting right you can vote about the use of funds using Snapshot.org . The ratio is calculated in Ethereum and 1 ETH equals 1 million $PALMTREE tokens which will be available as long as the crowdfunding on Juicebox.money is active. There is no minimum contribution required to invest in the DAO, however, a contribution of 0.05 ETH will provide you the PINK Membership Limited Edition NFT. There are in total 6 different NFT’s available. For more information about our our DAO and the NFT’s, make sure to check out our full DAO report below.
The crypto island DAO is your chance to become a co-owner of a real private island in the Bahamas and be part of our governance system.
For the first time ever we have started a crowdfunding to buy an island which will be co-owned by you!
We’ve set our goals on buying the private island called Little Whale Cay. This is a beautiful island in the Berry Island Chain of the Bahamas, it has 93 acres of land and best of all this island is already developed. With small modifications, it is capable of becoming the new home of Crypto Island and its community!
We have worked hard to be in the position that we are already in the negotiation stage with the realtors and have an offer on the table. If you want to know more about the island itself, please visit www.littlewhalecay.com
Purchasing an island is a one-off cost, making the island sustainable for Crypto Island and its community is a larger project. We will eventually merge the Crypto Island DAO into the $CISLA currency, in doing so we will combine the strength of both and lay the foundations needed for strong foundation.
Thanks to our own currency $CISLA, we are able to fund the following;
Over the coming year we’ll be scheduling votes to decide on a range of topics, including (but not limited to)
Yes! Together with our legal team in the Bahamas we have a structure in place which enables to tokenize ownership of real estate.
For this case, we refer to the private island!
We have the possibility to whitelist a wallet, this will officially register you as a “non-voting” owner of this Bahamian trust fund. Since we integrate the DAO directly to the funds that are collected, you have a voting right about the funds captured by this DAO.
We found a legal structure that allows us to 'decentralize' an island as much as possible.
By becoming a co-owner of Crypto Island you will become a non-voting beneficial co-owner and have a non fractional ownership in the trust fund that will holds the island after its bought. This type of ownership will give you visiting rights to the island based on time-sharing and a voting right in the overall development of the island. You can learn, work, visit and grow on the island. The first island will function as a hub. We aim to buy multiple islands in the near future to guarantee more time-sharing availability.
Back in April 2021, a group of 4 Dutch crypto enthusiasts came together with the objective to build a community which accepts the crypto space and decentralisation as a new way of living. After much research and development, Crypto Island was created with a goal to buy a private island and implement a new way of living.
The Bahamas, a crypto friendly country, was chosen as the perfect place to incorporate the company and continue the project to buy the first ever, decentralised private island.
Your contribution to the crowdfunding will be used to purchase the island. It is possible that a small percentage will be used to cover the marketing and legal costs that has a direct relation to the purchase of the island. This will only be done if necessary.
We are using a Gnosis Safe wallet that has 8 signers (pre-launch). The signers have been selected from our core contributors and trusted members.
The $palmtree token is a governance token that solely gives you voting rights in regards to the use case of the funds collected through the crowdfunding. It's not a currency and can't be traded.
The $CISLA token is our own currency that will be used on the island. All of our (future) partnerships and clients on the island can accept this token as a payment method
With your contribution you will automatically receive $PALMTREE tokens in return. These will give you voting rights in regards to which island will be bought from the collected funds through this crowdfunding. If you contribute 0.05 ETH or more you will receive one of the six limited edition Membership NFT's, each with its own benefits. When the island is bought you will receive instructions on how to register your wallet as a 'Non-voting Beneficiary' of the trust fund that holds ownership of the island. Your contribution makes you part of a unique piece of history in the world of crypto.
Furthermore there is no expectation of profit with $PALMTREE. It is a governance token. You are not receiving fractionalized ownership of the DAO's assets in exchange for the token.
The multi signature wallet is a Gnosis safe. The address for the safe is:
0x77a91a43170D4b978aDB390E11DedC6B02df091C
The publicly known team of Crypto Island together with the board members stated in the DAO report will have an authority to sign for a transaction. For now there are 8 signers. 5 out of 8 signatures are needed to execute a transaction. In the DAO report you can find the names of the appointed signers.
To move the funds a minimum of 62,5% (5 out of 8) of the signers will need to agree.
The moving of funds will only be done when the DAO authorize a transaction after voting.
The price of the island we are planning to buy is set at 35 million dollars, however if we raise more than this amount, we have already set aside two other options of islands with our real estate agency MCR Real Estate which are priced above 35 million, but before going for these options the decision will be made by the members of the DAO by vote.
The tokens are necessary to vote on which island will be purchased with the collected funds through Snapshot.org.
All of the participants of our project will transition into a global DAO governance system that will decide about all the subjects of this project including but not limited to: Board members, finance, incorporations and partnerships.
Snapshot.org is the most trusted voting system among big projects. The system is user friendly, just connect, vote on your decision and done.
The ratio of tokens you receive for 1 ETH is 1M $PALMTREE Tokens.
The first level membership nft is called the Pink Membership NFT, which you can get airdropped by contributing 0.05 eth.
We have in total 6 different NFT’s. All the benefits are accumulative. For example: The Platinum membership NFT will also include all the benefits of the lower leveled NFT’s and so on so forth.
Our project will consist of two major costs. First you have the purchase of the island and then the continuous development/maintenance of the island. This crowdfunding will be used to purchase the island together with you. Our currency $CISLA will cover the costs for development and maintenance of the island. Thanks to the implemented tax on each transaction we can make sure that a lot of these costs are covered by te use of our own currency. At this moment 15% of all tokens are allocated for these costs.
For press inquiries, please contact press@cryptoisland.com
Tokenizing ownership of an island?
Yes its possible!
Interested in a real estate partnership? Please contact business@cryptoisland.com
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