How to Guarantee Your Spot in Decentraland’s First LAND Sale Explaining MANA’s Terraform Queue Functionality
We’re excited to introduce a new functionality for the MANA token, which will help us achieve a fair distribution for LAND. We call it Terraform Queue.
With Terraform Queue, you can stake MANA tokens, adding yourself to a queue for buying LAND. (The Terraform Event is the initial LAND sale that will take place in Q4 2017). The staked MANA can be used to buy LAND at the regular price of 1,000 MANA per LAND, or at a premium that increases your priority in the queue.
The Terraform Queue will start on Monday, September 18th, and will last two weeks (48 hours per queue).Ensuring Equal Access for Participants
Terraform Queue features a progressive process for claiming LAND, leveling the playing field for both small and large MANA holders. It makes it hard to claim large chunks of LAND near the center (coordinates 0,0) and eliminates the need to rush to purchase LAND.
As we explain below, the combination of a progressive queue system with the ability to pay a premium to get priority will help us achieve a more egalitarian distribution for the LAND, as measured by a lower Gini coefficient of the square meters.How Terraform Queue Works
There are seven different queues to buy LAND, each having a registration period of 48 hours. During each registration period, users can stake their MANA to get into the queue. Each queue begins after the previous one has concluded and features a higher contribution cap than the previous one:Start and end times for all dates are 1 pm GMT. Dates are for the the Terraform Queue, not the actual LAND sale.
During the registration period of Queue 1, users will be able to stake up to 12,000 MANA. Everyone who participates in this queue will be among the first to claim LAND that is closer to the (0,0) coordinates. Since this queue has a low contribution cap, most people will have an ...