Esteban from Decentraland has been in touch regarding a joint campaign to promote the auctioning of the final parcels of land in their virtual world.
The first auction of land took place in December 2017 - January 2018 and they saw over 161 million MANA spent on 34,356 parcels of LAND during the first auction, amounting to roughly $30 million USD at the time! However, after the conclusion of the auction there were still 9,331 LAND parcels left unowned. See full blog post of initial auction here
We can run a joint promotion of the final land parcels and allow people to purchase Land via Status and with SNT.
How the auction will work:
Users will select the LAND parcels they want to purchase on the map.
There will be a price at any give moment (decreasing minute to minute).
Users can choose MANA as well as other tokens for payment, and will see the price on the screen.
Behind the scenes, the payment with other tokens is made possible with a Kyber Network integration, which handles the exchange and liquidity of tokens.
For all payments made in tokens other than MANA, we reserve 5% of the tokens for burning or taking them out of circulation. This is 100% optional, however: stablecoin projects prefer not to have a burn.
@rachel @julien can you confirm users will be able to take part in the auction via Status? Their blog post only mentions MetaMask, Mist, Ledger, or Trezor wallet. Also - is there any type of extension that can be implemented in time to make this campaign even more appealing? We briefly spoke about the following:
- Custom token in wallet
- Purchase land via chat command
I know you are heads down on a Kyber extension. Considering they are working with Kyber on this auction, there is something we can do?