“Fledge Fractals” is an effort to increase the affordability and safety of housing stock, while ensuring that ownership stays within our community.
You do not need to own 100% of 1 house to have equity. You could own 1% of 100 houses to have the same.
Most rent to own models fail. However this model allows for people to take their equity with them, no matter their reason for leaving the house / rental.
This project is run by the Fledge DAO in conjunction with the Fledge Foundation and the Fledge. We are still working on the legal formations.
What is it?
- Community investment trust model that happens to have it ledger on the blockchain, and governance is managed through the Decentralized Autonomous Organization;
- FLDG Bounties will be used for some of the maintenance costs. This will allow the residents / members of the DAO to earn FLDG which will be accepted for partial rent.
Who can participate?
- In the initial round this will be limited to 25 people who live in Michigan and would be considered a Friends and Family Round
- Each round we will also give NFTs to the original investors, after 5 years the original investors equity will be
What have we done so far?
- Built the Fledge DAO
- Created a road map
- Built DAO tooling to help us manage the fractals
What is the budget?
| Revenue | Year 1 | Year 2 | Year 3 |
| NFTs | $150,000 | $200,000 | $300,000 |
| Rent | $10,000 | $22,000 | $72,000 |
| Grants | |||
| Total Revenue | $160,000 | $222,000 | $362,000 |
| Costs | |||
| Home Purchases | $100,000 | $100,000 | $300,000 |
| Maintenance | $10,000 | $20,000 | $50,000 |
| Taxes | $5,000 | $10,000 | $25,000 |
| Legal | $10,000 | $5,000 | $5,000 |
| Marketing | $2,000 | $2,000 | $2,000 |
| Developers | $10,000 | $10,000 | $10,000 |
| Total Cost | $137,000 | $147,000 | $392,000 |
| Profit / Loss | $23,000 | $75,000 | ($30,000) |
| Cash Flow | $23.000 | $98,000 | $68,000 |
| Net Value of Assets | $123,000 | $298,000 | $568,000 |
| NFTs Sold | 1000 | 2000 | 3000 |
| NFT Value | $123 | $149 | $189 |
| Number of Houses | 1 | 2 | 5 |
| Number of People Housed | 3 | 8 | 20 |
| Community Equity Value | 3 | 7 | 17 |
Community Equity Value means the number of NFTs given to renters that represent equity in the system. Note: this formula is a draft we may give more equity (NFTs) than 4 per year. This is a balance between the rent level we set and the equity we can give away. The lower the rent, the less equity.
How is it funded?
- Sales of NFTs
How can you sponsor, support or get involved?
- Buy an NFT
- Fractal
- Fly
- Make a donation to the DAO
- through Giveth
- through our DAO tooling
- Note: donations may be required to get started to pay initial legal costs
- If you are interested in any of these methods, please email [email protected]