Blockchain Company Edges Closer to Farmland Acquisition and Tenant
Another IRL Cougar meetup, mixed with land acquisition and the implosion of FTX as a topper.
What does FTX have to do with CougarDAO?
Nothing. In fact, all members of the team appear to have avoided the total shit-show, meltdown, fraud, cockup, implosion, caused by Sam Bankman-Fried (SBF), et al.
In fact, we may have outsmarted the market and billionaires by returning to our agrarian roots and investing in a safe, stable, income generating farm. None of this is financial advice, but we were right and we’re better than you.
Note: For those SBF acolytes and fanboys, we’re not talking about yield farming, providing liquidity, leveraging your FTT or LUNC. We’re talking agricultural farming. Crops/goods you’ll actually consume. It’s a real activity that takes place IRL. Here’s a definition for those unfamiliar:
2nd CougarDAO IRL Meetup:
We did it! Not the farm acquisition. That’s still in the process of closing. We had another IRL meetup between the two founding members of CougarDAO LLC.
James McCall, and I, have started two companies (Tater LLC and CougarDAO LLC) and had never met in-person. Come a nice autumn weekend, I flew out of Sacramento, CA and an hour later I was in Boise, ID.
It was a horrendous two days. Filled with a generous host; his wife; children; a giant Airbnb potato; a bunch of falcons; and a scenic down-range drive through the Orchard Combat Training Center, where we obviously out-maneuvered the artillery or I wouldn’t be writing this update.
Out of TaterDAO marketing necessity, we had to visit the Big Idaho Potato Hotel (featured above).
With completion of the weekend, there have now been two IRL meetups among members of CougarDAO LLC. For that matter, meetups among LexDAO, TaterDAO, and the Real World Assets Consortium too. Many of these organizations have overlapping participants.
Sadly for the other Cougars, the IRL meetups mean they may also get a visit from me in the near future. Looking at you: @revolteur, @tmoindustries, @bax1337, @angelo_a_jr, and @scruggsdj.
What about the property and farming?
Relax. Calm down. We know you’re all subscribed to this newsletter to hear about the acquisition and on-chain governance of the Phillips County, CO, farmland.
We do not close on the property until the end of this month (probably). We have reached out to the title company to determine the closing date.
Our real estate broker has provided us with one lead for a potential tenant. A farmer, who has some interest in farming the property. He farms other properties in the area.
We have collected funds from all LLC members. We now prepare to close and transfer funds to the seller.
Real estate purchases take place in the real-world. As such, we use tools like Snapshot.org and Kali to conduct voting and manage the company. You may recall, our goal is to purchase and manage income property on-chain. Then, return income on-chain.
Here, you will see our most recent Snapshot proposal and vote:
The passing of this proposal, grants James and I, the authority to act on behalf of the company in certain circumstances with all meat-space activity.
In the end, we are an LLC, but we’re trying to operate the company as a DAO (or a distributed company) with members scattered throughout the United States.
Sure, the process is messy. We expected it to be messy. That’s why we decided to do this with our colleagues and personal funds. We need to prove this can work. If we can prove that, we can streamline the processes in forthcoming projects.
how do we get in on the DAO/ownership of the farm?