Districts
  • GENERAL
    • Introduction
    • What is Districts?
  • COMMUNITY & COLLABORATION
    • To our Community
    • Social Media Handles
  • DEVELOPMENT & BUILDOUT
    • Phases 1 - LandRush
    • Phases 2 - Build
    • Phases 3 - Interact
    • Economics - Land Bank
  • Tutorials and FAQS
    • Video Library
      • How to use the Bridge
      • How to select your username
      • How to mint a Land Pixel
      • How to buy Land in Districts
      • How to sell Land in Districts
      • How to sell to Land Bank in Districts
    • Frequently Asked Questions
      • Who is Districts for?
      • Who is behind Districts?
      • How can I get started with Districts?
      • When is the Districts LandRush?
      • Can anyone participate in the LandRush, and how do I claim land?
      • Will land in multiple locations be available at launch?
      • What makes Districts unique?
      • How Districts innovates virtual land ownership?
      • What tokens can be used in Districts?
      • How does the Land Bank work?
      • What are Land Pixels?
      • Can I resell my land once I claim it?
      • What are the Rare Genesis NFTs, and what benefits do they provide?
      • What does “blockchain-based” mean?
      • What can you do in Districts?
      • How can I stay updated on Districts developments?
      • How Do I Delete My Districts Account?
  • BRANDING GUIDELINES
    • Districts Brand Kit
      • Social Media Content
      • Logos
      • Typography
      • Logotype
      • Taglines
      • Assets
      • Backgrounds
      • Covers
      • AI Image Prompts
      • Video Library
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  1. Tutorials and FAQS
  2. Frequently Asked Questions

How does the Land Bank work?

Last updated 1 month ago

The Land Bank is a fundamental component of the Districts token economy, serving as the core DeFi primitive that underpins the platform’s virtual land system. It operates as a staking mechanism where users must deposit 5,000 Native Realio Network Tokens ($RIO) to mint Land Pixels (unique virtual representations of real-world locations). Of this deposit, 1,000 $RIO is burned, while 4,000 $RIO is retained in the Land Bank and can be redeemed minus a fee later.

The Land Bank establishes a Floor Price for Land Pixels, ensuring that the minimum resale value is maintained and increasing over time as the platform accrues fees. Users can sell their Land Pixels back to the Land Bank, subject to a 7-day unbonding period, or stake them to earn governance tokens ($DSTRX) at a gradually diminishing rate. By acting as both a staking repository and a pricing mechanism, the Land Bank helps sustain the Districts’ economy and facilitates decentralized governance transitions as the platform evolves.

To read the full tokenomics, check out the

Districts Token Economy Whitepaper