I have been interested in the possibilities of DAOs ever since I came across them on this forum. I am wondering if people have suggestions about an idea I have for Australia:
- I have been working on this project (life causing the usual distractions) for about 10 years: http:/lev.com.au - which is aimed at people who are interested in creating a community with foci on health, longevity and eco-friendliness.
- The first building is close to being finished and I am planning for another 11 on the site - other participants will get involved probably via Community Title land ownership arrangements.
- As well as the new buildings, I am planning to buy up a block of 7 units immediately adjacent to the development to eventually integrate that into to the Village as well (I am currently living in one of the units in the block).
- Another of the units in this adjacent block is for sale (https://www.raywhite.com/nsw/cowra/1565953/) and I am thinking of buying it - asking price AUS$129K (it is a small unit but still very cheap compared to Sydney prices) and borrowing from my bank on an interest-only loan would cost me about 5.7%.
I am wondering if there is some way of setting up a DAO that will allow people to get involved with my LEV development and buy this unit that is currently for sale? - so I can minimise the amount of business I do with the bank and benefit like-minded people somehow. Perhaps the DAO could own shares in my development company? At the moment I am not sure exactly what benefits members of the DAO would get for their investment but there are various possibilities I can think of and people here will probably have cleverer ideas than I do . .
Anyone who has suggestions about possibilities should feel free to comment here or mail me privately if they want more specifics about the current setup etc.