# Plots
Plots are open for auction only for DAOs who own the adjacent plots. Plots can be repurchased with a 10% margin, while the margin also go to the pools mentioned above, when plots are repurchased, shares go to the new owner.
**Auction:**
Occupy plots of land through Dutch auctions. Each plot has a starting price, and the price will gradually decrease over time until it reaches the minimum price.
**Starting price of a plot:**
*The initial price of a plot that no one has ever bought = (4\*(5-the circle to which the plot belongs) + 10)*, the most central capital circle is at level 0, and the outermost circle is at level 5
*The initial price of a plot that has been bought = the last transaction price of the plot \* 2*
**Price reduction formula:**
The price is reduced by 10% every 300 seconds
*The lowest price of a plot that no one has ever bought = 0.1\*initial price*
*The lowest price of a plot that has been bought = the last transaction price of the plot \* 1.1*
**Protection period:**
After a plot is auctioned, there will be a protection period, during which the plot cannot be auctioned again
*Plot protection time (S) = 300\*(the current transaction price of a plot that someone has bought - the current initial price of a plot that someone has bought + 1) \* the circle to which the plot belongs*
**Equity**
Each plot has equity. You can obtain equity by occupying the plot, and the dividends are affected by the total number of equity currently owned by the player.
*The number of equity in the plot = (40\*(5-the circle to which the plot belongs) + 10)*
