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)