Seed the El Segundo Real Estate Fund — 0.5 ꜩ / month from treasury
Per Block 0241, start the DAO-owned real estate fund with a recurring 0.5 ꜩ/month seed from PointCast's Visit Nouns secondary royalty pool. Target: buy one mixed-use property in 90245 within 24 months.
READ FULL PROPOSAL
The El Segundo Real Estate Fund (ESREF) would be a DAO-governed pool targeting commercial or mixed-use property in the 90245 zip code. Seed capital comes from Visit Nouns FA2 secondary-market royalties (5-10% per sale) plus direct contributions.
This proposal requests a **recurring 0.5 ꜩ/month** allocation from the PointCast treasury to ESREF. At current ~$1.20/ꜩ that's $7.20/month from PointCast proper — small but binding as a signal that the project is funded.
If passed: ESREF is established under a California Series LLC wrapper. First property-hunt begins month 1. Acquisition committee is 3 DAO members on a rotating quarterly term.
If rejected: the fund remains a blocked concept. Mike may still pursue privately.
ELIGIBILITY · Any wallet holding ≥ 1 Visit Noun (KT1LP1o…) or DRUM Token (once live)
NOT YET VOTED