Island Property Deeds

The island property deeds will be sold/minted when the islands are fully revealed.

Property Deeds are ERC-720 Mintable Collection. This collection is a live collection and rarity between the different Types can vary. For example there can be 90% Commecial and 10 % Private deeds but it can also by time convert into 60% Commercial 20% Office and 20% Private deeds - and then there rarity will change. Rarity itself is not too important on a Property Deed. A property is sold with what is currently built on that property at the time of sale. The floorplan NFTs are not included in the sale as standard but can be traded as bundle on Opensea. The property deeds is convertable between the different property types. ie. if someone has minted a Private property and sells that Deed to you - You might want to convert that Property Deed to a commercial property type. This includes Burning the old Deed - Clearing out the Property and minting a new Deed on that Property with the correct Metadata of Commercial property.

Each Property Deed is connected to its own maintenance wallet. This is where Floorplans or other property related items will reside. A Property Deed is linked to that Property Maintenance Wallet. All changes trough that maintenence wallet is done trough the TIM page.

Property Deed conversion will cost a fee that will be split among the island deed owner, The island Bank DAO and the Project management. The fee will be split equally.

Property conversion fee will be the fee between the current residing deed and the one you want to convert too. If you are converting to a less tiered deed the conversion will not have any fee's. Example. Convert private Deed to Commercial Deed = 0.05 Convert Private Deed to Office Deed = 0.03

Convert Office Deed to Private Deed = 0 ( Only Gas ) All prices/fees is excl. Gas.