# 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)*

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