We are writing this article to help summarise the last 9 months of our project, and what to expect next.

After the first sale of real estate, despite the market environment and sentiment at that time, we believed it was a step in the right direction and we set our sights firmly on the development of the platform and integration of further functionalities into TLANDs (FKA Terra Land) offer.

We released Property on Demand (POD) where at its peak we reached an expected transaction value of nearly 38 million dollars. Users actively used our Loan Farming services as well, thanks to which they were able to reinvest their funds as they saw fit.

Our community continually grew as more users joined the project and utilised our offers. As you may remember at that point we also planned on expanding further towards other blockchains to increase the reaches of our project.

As May approached we had exciting plans waiting to be launched.

May 7th came and with it something so terrible we could not even picture it in the scariest of our nightmares.

Within those few days we quickly realised the depegging event that occurred in the Terra Network was so far gone, it would be unrecoverable. As most other projects at that time, we sought to protect the platforms financial reserves in order to protect its future.

As it turned out the events that quickly transpired since May 7th did not stay isolated to the Terra Blockchain alone, the rippled were felt across all of crypto, spread worry like wildfire.

Although TLAND lost around 60% of its operating capital, the team was more determined then ever to continue realising their dreams for the project.

Between May and September we underwent rebranding, restructured the tokenomics to ensure TLAND holders from Terra would be able to receive their new tokens on ETH. Within this time, we pivoted our sights onto the NFT industry.

While intensive technical development were underway in this time, the team was continuously engaged in finding funding for the firm from various venture capitals funds, however up until today these conversations did not bear any fruit.

Discussions with VCs went positively, with many sharing positive feedback. However, the stagnating market turned most investors away until the market would see an upward trend, which to this day has not happened yet. The funds we need to continue operating will only be committed once the bull market returns.

The global situation in the crypto market also caused the low interest in the newly launched TLAND products, as was evident in the failed launch of the first fundraiser for BAYC on September 22nd.

This unfortunate situation has caused us to take a protective step towards protecting the already very heavily strained budget of the company by suspending the operation of the TLAND platform, and postpone the listing of the TLAND token.

We hope to resume operations of the TLAND platform in the first quarter of 2023, however this will be dependent on the market situation. Technically we are ready to resume operations at a moments notice, as such we hope the market will quickly recover and allow us to get back to you sooner.

Follow our social media for updates and we will see you in the crypto spring.

Our demo TLAND platform has been just launched!

https://demo.tland.app/home

First of all, we would like to add that this DEMO version will evolve over time.

Your suggestions, which will come up during the testing process, will be applied to the DEMO — this will make it possible to see its first fully operational production version.

Your suggestions for changes are most valuable to us, as the process needs to be clear and transparent for everyone.

You are welcome to send them by e-mail to office@tland.app or via our official channels on Telegram:

• Polish Telegram
• English Telegram

With the platform’s DEMO, each of you will be able to go through the full process of acquiring digital assets through the TLAND platform.

You will be able to test all its most important features:

• Taking an active part in voting for the Metaverse / NFT collection from which you collectively want to purchase an asset.
• Going through the prefund and token allocation process.
• Voting on the use of your asset.

We have prepared a short guide for everyone who wonders how to get started on the platform.

1. Connect the wallet
First, you need to connect your MetaMask wallet.
To do so, click the “Connect wallet” button in the top right corner of the page.

Once the wallet is connected, the button should change to “View wallet”.

2. Switch to Goerli Test Network
You will need the test TLAND tokens and a few ETH for the transaction fee to use the demo platform.

To receive TLAND tokens and ETH first switch the MetaMask network to Goerli Test Network.

You will find the complete guide on how to do it here: https://blog.cryptostars.is/goerli-g%C3%B6rli-testnet-network-to-metamask-and-receiving-test-ethereum-in-less-than-2-min-de13e6fe5677

To check if you are using the Goerli Test Network, click on the “View wallet” button.
You should see the “ You are using Goerli Testnet network” message.

3. Claim test ETH on your Goerli Test Network address
After switching to Goerli Test Network you are ready to claim your ETH.

You can use one of these sites to claim ETH:

• https://goerlifaucet.com/
• https://faucet.paradigm.xyz/

4. Import TLAND tokens in MetaMask
Open your MetaMask wallet and click the “Import tokens” button.

Copy the TLAND Token address: 0xb684CfCF356cce23c09B0AB867962e4ee5E1FB9D
Or use the Etherscan link below to copy the token address:
https://goerli.etherscan.io/address/0xb684CfCF356cce23c09B0AB867962e4ee5E1FB9D#internaltx

Paste the token address into the Token Contract Address field, wait for token details to appear and click the “Add Custom Token” button.

Next, click the “Import tokens” button.

5. Claim test TLAND tokens on your Goerli Test Network address
Once you have got your ETH for the fee, you can claim your test TLAND tokens.
Click the “Test TLAND Tokens” tab on the top bar menu.

Next, click the “Claim” button.

Remember — one MetaMask address can claim the tokens only once!

6. Import test USDT in MetaMask
Open your MetaMask wallet and click the “Import tokens” button.

Copy the USDT token address:
0x5c2417dDBC60C02BE487c74201AcF915DCFa1841

Or use the Etherscan link below to copy the token address:
https://goerli.etherscan.io/address/0x5c2417dDBC60C02BE487c74201AcF915DCFa1841

Paste the token address into the Token Contract Address field, wait for token details to appear and click the “Add Custom Token” button.

7. Claim test USDT tokens on your Goerli Test Network address
Click the “Test TLAND Tokens” tab on the top bar menu.

Next, click the “Claim USDT” button.

8. Sign in to the platform
Once you have claimed your ETH,TLAND and USDT tokens, sign in to the platform, by clicking the “View wallet” button and then the “Sign in” button.

Now you are ready to use the demo TLAND platform!

Enjoy :)

In order to expand on the investment opportunities of our users and to help meet the ever-growing demand within the blockchain, we would like to introduce a new type of prefund onto our platform.
Users will now be able to not only participate in prefunds for real estate, but they will now be able to join the prefunds for metaverse land (and other metaverse related assets), NFTs, and other assets.

We truly believe expanding the investment model will increase the number of users utilising our platform, while giving users access to assets that previously may have been difficult to obtain.

As we have announced the continuous development of the TLAND platform, today we would like to reveal to you what will be the next new service available for Tlanders.

Within the same idea of being able to diversify your portfolio through all available assets, without price barriers, we want to present you with a new decentralized collective process in which each of you will be able to participate.

Our new functionality will allow each of you to join the purchase of any asset available on the market that you choose. This can include plots in the metaverse, any NFT and other assets.

Thanks to the new service, each of you will be able to own a “piece” of the top NFT, the best-located plot of land in any metaverse and benefit from the potential increase in their value. As usual, we will put the management of the purchased asset in the hands of the ones who bought it. As a platform, we will also have the opportunity to forge partnerships and negotiate preferential terms to access the most attractive assets. We believe this will be a great investment opportunity and it will open new horizons.

Thanks to the new solutions users will not be obliged to register on the platform (it is only a condition to see the purchased collections) and what is even more important, many of the collections will not require going through the KYC process.

The decentralized model gives the platform and its users faster access to open voting within the DAO of those who have deposited funds.

See below for details of the new model!

How will the new prefund work

1. Connecting the wallet on the TLAND platform

• Users must connect the wallet on the TLAND platform.
• Users can stake/hold TLAND tokens (it is not required but recommended).
• Users who connect the wallet on the TLAND platform constitute the TLAND DAO.

2. Voting on the collection

Firstly the TLAND DAO vote on one of the selected collections to start a prefund on. Collections can be anything from an NFT collection, to a metaverse project, etc.

Voting happens on the collection itself, not the individual asset to be purchased. Users first identify what project they are interested in (eg. Sandbox, Decetraland).
Votes in the voting phase are weighted and looks as follows:

• LP Staking — Vote weight (%) = (amount of LP tokens staked by user / all LP tokens staked on the Terra Land platform) x2.5
• Single Asset Staking 12M — Vote weight (%) = (amount of TLANDs staked by user / all TLANDs staked in the Terra Land platform) x2.0
• Single Asset Staking 6M — Vote weight (%) = (amount of TLANDs staked by user / all TLANDs staked in the Terra Land platform) x1.5
• Single Asset Staking 3M — Vote weight (%) = (amount of TLANDs staked by user / all TLANDs staked in the Terra Land platform) x1.2
• Single Asset Staking 1M — Vote weight (%) = (amount of TLANDs staked by user / all TLANDs staked in the Terra Land platform) x1.0
• TLAND only in wallet — Vote weight (%) = amount of TLANDs held by user / all TLANDs held in the wallets x0.5

51% of eligible votes are required to pass the collection voting.

When a project wins, the prefund will be on an asset within that project’s collections.

3. Prefund

The winning collection becomes the prefund goal. There is no upper limit for the prefund amount to be raised, while a lower limit could be in place depending on the specific collection.

In order to take part in the prefund users will have to use their deposited funds and allocate them towards the prefund.

The user is able to decide how much of their deposit to use for this.

There is no maximum amount that the user can deposit in the prefund.

Example:
Sandbox wins the DAO P vote, becoming the collection topic for the prefund.

At this point, users will not yet decide on what asset is to be purchased until the prefund is over, as the prefund value has not yet been set. Once completed, users will then vote on the underlying asset in the collection.

4. Voting on the underlying asset in the collection
After the prefund is completed (which will usually take around a few days, depending on the collection) we will present to the users a few asset options from that collection that can be purchased. These will be either equal to or below the value of the prefund in order to stay within budget.

The DAO P (the prefund participants) are then able to vote on the asset they would like to purchase.

Voting weights in the asset voting phase are dependent on the proportion of funds allocated into the prefund compared to the total prefund value.

Example:
DAO P votes on 3 plots from within the Sandbox collection:

1. Plot A — cost 6,000 USDT
2. Plot B — cost 5,800 USDT
3. Plot C — cost 5,900 USDT

In the event of a tied winning vote, the asset will be chosen at random.

5. Asset purchase
The asset that has won the DAO P vote gets purchased.

In the event that the asset cost is lower than the prefund pool, the remaining USDT gets returned proportionally to the deposit pools of participating users.

Example:
Sandbox plot A with a cost of 6,000 USDT wins the vote. Prefund pool value is at 10,000 USDT. The difference of 4,000 USDT is returned proportionally, such as:

• Person 1 — deposited 4,000 USDT into prefund (40% of total value) — gets a return of 1,600 USDT
• Person 2 — deposited 1,000 USDT into prefund (10% of total value) — gets a return of 400 USDT
• Person 3 — deposited 2,000 USDT into prefund (20% of total value) — gets a return of 800 USDT
• Person 4 — deposited 3,000 USDT into prefund (30% of total value) — gets a return of 1,200 USDT

After purchasing the asset, users receive a utility token reflecting ownership in the given asset.

Example:
The DAO P participants that participated in the prefund that has purchased a 6,000 USDT metaverse plot receive a utility token associated with that plot.

Utility token holders can then vote on selling the underlying asset, and at what price.

This vote opens up immediately after the underlying asset was purchased.

Governance voting must reach 51% votes from token holders for a successful vote (quorum).

First of all, we would like to thank you for being with us!

The last few weeks were very demanding in terms of the development of our project — new features have been implemented, which improved the usability of our platform. You can still use it and will be able to do so in the future on other blockchains.

The time has come to tell you a little more about our plans for the upcoming weeks.

As announced, we are currently working on changing the blockchain to Ethereum.
However, the platform will be developed to be the multichain platform for BSC, Polkadot, and others in the future.

Also, we have decided to list the TLAND token on Uniswap and allow users to exchange TLAND token 1:1 with a new token on the ETH network.

Below you will find a summary of the key points we have learned about our project.

• Despite unfavourable conditions from the very beginning of our presence on Terra, we were one of the few projects to deliver what we promised. We built a fully functional platform and completed the sale of our first properties.
• Our products are the only ones in the entire Terra community that have made it possible not only to protect the capital invested in UST but also to generate a profit.
• The current situation has proven beyond any doubt that the tokenized real properties purchased with stablecoins can be of great value to users and even become one of the largest asset classes as a safe haven for accumulated funds.
• The release of invested capital under a loan against property tokens, especially the groundbreaking design in which property tokens are collateral with a fixed value over the entire loan period, seems to be a game-changer for the entire market at this time.
• The Property On Demand service, which is very popular, now more than ever can make you realize that it is worth converting at least part of your capital into a real and useful everyday life asset.
• Our new feature, parallel to real estate fundraising, and dedicated to the collective purchase of digital assets, has been very positively received by the community. The price of these digital assets, such as leading NFTs or plots of land in the metaverse, is often beyond the reach of individual investors even though they see their potential.

The goal, the implementation of which is highly advanced, that is, moving the project to the Ethereum ecosystem is considered a very valid concept both in terms of network stability and increasing the number of potential users.

As always, we will take full care to make sure everything runs smoothly on our platform.

Finally, when we switch to Ethereum, the Terra Land project will be renamed TLAND and will use this name to expand into new ecosystems.

Our new functionality will allow each of you to join the purchase of any asset available on the market that you choose. This can include plots in the metaverse, any NFT and other assets.
Thanks to the new service, each of you will be able to own a “piece” of the top NFT, the best-located plot of land in any metaverse and benefit from the potential increase in their value. As usual, we will put the management of the purchased asset in the hands of the ones who bought it. As a platform, we will also have the opportunity to forge partnerships and negotiate preferential terms to access the most attractive assets. We believe this will be a great investment opportunity and it will open new horizons.

Thanks to the new solutions users will not be obliged to register on the platform (it is only a condition to see the purchased collections) and what is even more important, many of the collections will not require going through the KYC process.

The decentralized model gives the platform and its users faster access to open voting within the DAO of those who have deposited funds.

See below for details of the new model!

We would like to thank all users who participated in it.

Based on the history of previous fundraising and reactions of users interested in lower allocation to our products, we have made every effort to dedicate practically 100% of the allocation to them in this fundraising. Users focused on large volumes were redirected to Property On Demand (POD) products as far as possible. Two conclusions can be drawn on this matter. The first is that there is a very strong interest in POD.

We currently have 39 advanced discussions, and the transactions behind them in total $UST 17 655 000.

The second conclusion is that the potential for fundraising-type products in low volumes in our current community is too low.

As the Terra Land team, we have made decisions that we believe are appropriate to the situation, namely to further develop the POD service and expand the audience for fundraising products to include users of the Ethereum (ETH) network.
As part of this effort, we will launch a cross-chain that will allow us to accept payments in stablecoins from the ETH network, as well as list the wrapped TLAND token on Uniswap. We believe that combining the potential of ETH users with fundamental real estate projects and protocols from the Terra network such as Anchor Protocol will be a great success. We would like to take this opportunity to inform you that the investment process for Terra network users remains the same.

The funds that have been raised in the Denia Beach Residencial fundraising will be available for users to collect from the deposit (prefund). For those who have joined the fundraising (after the close of the prefund), the funds will be sent back to the wallet by April 27, 2022

Step 1. Proceed to https://terraland.io/home

Step 2. In the top right corner, click on Log In, provide your email and password, and enter your user portal.

Step 3. Ensure, that your wallet is connected. This can be done by looking in the bottom left corner of the page. If the blue button displays “connect wallet,” follow the next steps to connect your wallet. If you see your Terra wallet address, you can skip this next step.

• Click on Connect Wallet
• Click on your relevant wallet provider, and follow the wallet’s necessary steps to link your wallet
• Once completed, you will return to your user portal. The bottom left button should now display your wallet.

Step 4. Continue to the Prefunding tab and switch to the DEPOSIT & MY ACTIVE PREFUNDS tab.

Step 5. Fill the Add deposit box with the amount that you want to add to the deposit and click the Add button. Remember to confirm the transaction in your relevant wallet.

Your Deposit Value will be displayed above the Add deposit box. This is the value that you can use to join active prefunds.

Remember that withdrawal of the deposit is locked for the time of active prefund.

Step 6. Switch to the PREFUNDS tab, where active prefunds are displayed and choose the one that you want to join.

Step 7. Click the green Prefund button displayed at the bottom of the page to join the prefund for the selected property.

Step 8. Read and accept the disclaimer and click the Join prefund button. Remember to confirm the transaction in your relevant wallet.

Note: The entire amount available on your deposit will be transferred to the prefund.

Your active prefund will be displayed in the DEPOSIT & ACTIVE PREFUNDS tab.

And that’s it!
We hope that this instruction will be helpful 🙂

The Essence of Prefund

Prefund gives each investor the guarantee to participate in the purchasing of a given property, regardless of how many other interested investors there are. This means that everyone that joins the prefunds will have a guaranteed allocation of their funds in the fundraiser for a given property.

The Operation of the Prefund

The prefund is divided into 2 main functionalities, namely:

• Depositing/withdrawing a deposit
• Participating in the prefund of a specific property

Deposit

Each user on the platform is able to contribute their funds into the smart contract at any time. They are also able to top-up or increase their share of the fund by depositing more if they would like to. Users are not required to have passed any prior requirements (eg. KYC). As such, the smart contract will also not validate the users making a deposit. The deposit can be used in the prefund for a given property, or remain in escrow until paid out.

Withdrawing from the smart contract is blocked during the active period of the prefund. This means that when a new property’s prefund goes live, all capital is placed in escrow until the period is over.

The deposit is one per user. If a user decides to use their deposit for a prefund the deposit will be reduced by the number of shares purchased in the prefund. The deposit is shared by all prefunds. The reduction in the prefund will take place once the prefund period is over, once it becomes known how many RPTs the user will get in the given property.

There is an additional fee of 1 $UST per deposit/withdrawal transaction.

Real Estate Prefund

The real estate prefund precedes the normal fundraising for the property, and lasts for a specified period of time. To participate in the prefund, the user must meet the following requirements:

• Users must have a fully verified account on the Terra Land platform, consisting of a verified wallet on the platform, a verified wallet on the blockchain, and passing KYC, have a minimum amount of $UST deposited into the prefund smart contract dependent on each specific real estate
• Sign an electronic agreement confirming the participation in the prefund, which is signed automatically through the Terra Land platform through the use of a wallet

The user can purchase either a maximum of 40% when there are multiple owners, or all 100%. When the user signs the agreement, the entire deposit participates in the prefund.

In the event that more than 100% of the needed funds for a property gets raised in the prefund stage, each participant in the prefund gets a proportional reduction in their amount of allocation (eg. if 120% of the necessary funds get raised, each participant has 20% of their allocation reduced). The reduced funds remain in the deposit and can be withdrawn by the user, or left for other future prefunds.

In the event that less than 100% of the needed funds for a property gets raised, the normal fundraising begins where everyone can participate. Prefund investors will receive their share of Real Property Tokens, just like in a normal fundraising.

The prefund mechanism will be introduced in the upcoming property, starting this Thursday 14th of April at 12 PM CET.

Are you ready to reap the benefits of 0% interest rate for up to the first 5 months of your loan taking through the Loan Farming Protocol?

There are a few easy steps to accomplish missions to access this reward!

If you have been a previous user of Anchor Protocol by 01/04/2022, 07:42:28 CET this is what you got to do:

• Register on our platform: https://terraland.io/auth/register/credentials
• Verify your wallet under the My Profile tab: https://terraland.io/user-portal/my-profile (E-wallet)

Completing these steps entitles you to claim your 5 months free in the Loan Farming Protocol!

If you are a user who has not used Anchor Protocol by 01/04/2022, 07:42:28 CET we have also prepared some interesting things for you!
Here are the three steps you have to complete to receive your first 3 months of 0% interest rate in the Loan Farming Protocol!

• Register on our platform: https://terraland.io/auth/register/credentials
• Verify your wallet under the My Profile tab: https://terraland.io/user-portal/my-profile (E-wallet)
• Pass our KYC process under the My Profile tab: https://terraland.io/user-portal/my-profile (Personal Information — Verify Account)

The ability to claim tokens will begin on 5 Apr 2022!

Update: A few words of explanation — airdrop tokens will entitle you to a 0% interest rate for up to 5 months on your loan, but you will still need RPTs as collateral.
When taking out the loan you will have to choose the tier (and thus the interest rate which will apply to you after the 0% interest rate period ends) and stake the required amount of TLANDs.
Eligible for the airdrop are users registered since 05.04.2022

Update v2:
In summary — who is eligible for Airdrop?

1. All Anchor Protocol borrowers by 01/04/2022, 07:42:28 CET are eligible for Airdrop. To claim Airdrop they must be registered and have verified their wallet, no matter when they’ve done it.
2. All users who haven’t been Anchor Protocol borrowers by 01/04/2022, 07:42:28 CET and haven’t gone through registration, wallet verification and KYC.
They have to register, verify their wallet and go through KYC to claim Airdrop.
3. All users who haven’t been using Anchor Protocol by 01/04/2022, 07:42:28 CET and have not gone through KYC only, but have verified their wallet and are registered.
To claim Airdrop they have to go through KYC.

In summary — who is not eligible for Airdrop?

All users who haven’t been Anchor Protocol borrowers by 01/04/2022, 07:42:28 CET and have undergone registration, wallet verification and KYC before the 5th of April 2022.

It has been a while since the last article regarding Property on Demand (POD), and Terra Land has since successfully fundraised two properties, Mar de Pulpi in Spain, and Fort Cambridge in Malta. Syncing up with the first property’s official acquisition we launched the Loan Farming protocol, letting users unlock their equity in the form of a loan in $UST, using their RPT’s as a collateral, raising the potential yield by a significant multiplier.

For a while now we have been asked a lot about our signature POD, and while not yet launched, it was already generating huge support. Seeing the platform grow and continue to achieve its milestones, the trust in the system and the project has grown.

Looking at our Roadmap, Property on Demand is not as a priority as the community would like it to be, so we will be shuffling things around. Property on Demand is now next in line!

We would also like to expand the access pool that POD has. Initially, it was meant to be exclusive for Terra Land Premium Club members, as it was described in our earlier article. That will be changed too, giving access to more of the interested users than before. The requirements will be few, and described later in the post.

Firstly, what is Property on Demand and how does it work?

The new system allows the purchasing of a property outright, giving full exclusive rights to the what, the how, the when, and the where.
100% of it goes to the new owner(s). This can be a single individual or a group of people that have previously come together and agreed on purchasing a property amongst themselves.
Being the full owner, you decide if you want to live in the new property, use it as a summer home, rent it out yourself, the possibilities are endless.

Requirements for participating in Property on Demand

It used to be that only TLPC members were meant to have access to POD. With the scrapping of that, we have set new requirements that will benefit all users interested in the continued long-term growth of the project.

In order to gain access to POD, users will have to stake a minimum value of 2,000.00 $UST in $TLAND tokens in either the Liquidity Providing Protocol or Single Asset Staking Protocol. The conversion rate is set at the moment the POD real estate is requested. The asset will have to continue to be staked until the process of officially acquiring the property is completed.

Additionally, Terra Land will purchase $TLAND tokens from the market equal to 1% of the property value and burn them, further deflating token value for all investors.

What properties will be available?

Property on Demand will always be the right fit for you. The investor chooses whether they want a specific property they have already found themselves or would like Terra Land’s help in finding their dream home. So the choices are simple:

• Come with a specific property in mind, we will handle it from there.
• Come with an idea of what you would like to buy (the more details the better), and for an upfront research fee, we will help find you suitable places to choose from. If successful, the fee will automatically become part of the investors’ funds towards purchasing the property.

In summary, everyone has access to Property on Demand.
Each new request is a case by case basis, where we will discuss the terms so they fit each individual investor; buying a house for yourself is an enormous and hugely personal milestone, we are here to help you find what you dream. We will help you not spoil that dream with the tedious things, Terra Land will take care of all the background stuff, so you can fully enjoy the moment you walk in through those doors with keys in hand.

Are you interested in Property On Demand?
Just contact us — pod@terraland.io