In order to mint GST, land must first be acquired by or donated to the DAO and held in the non-profit Foundation. 

Listed below are the four ways to mint GST:

1. Raise – DAO members crowdfund the acquisition of a particular parcel of land.
2. Land Exchange – Land owners agree to swap their freehold land for GST.
3. Land Donation – Land owners donate or gift land to our DAO and the corresponding GST is minted. 
4. Financial Donation – Financial donors gift money to our DAO for the purpose of acquiring land to protect, with the corresponding value in GST minted. 

Full process below: 

Step One: Project Sourcing 

Both the administrative entities and DAO members are responsible for proposing and identifying suitable parcels of land. There must be a signed contract between the DAO entities and existing landowners stating the terms of any specific land acquisition.

Land must be used in adherence to all constitutional limitations and in alignment with our special purpose.

Step Two: Project Validation

The administrative entities of our DAO are then responsible for performing due diligence for the proposed parcel of land. Each project must satisfy our financial viability requirements and also be able to predict the carbon sequestration potential as well as any ecological and social impact. 

The operational entity of this DAO will be responsible for agreeing a price with the landowner and providing justification for that price. Land will then go through a verification process to confirm the appraised value and to validate the sellers are in fact the legal owners. The same entity is also responsible for identifying and negotiating agreements with Land Stewards who will be custodians of the held land. 

Once these areas are satisfied, a provisional agreement will be signed by all relevant parties and the projects will be presented to the DAO for approval. 

Step Three: Proposal to DAO 

As above, there are four primary routes for the DAO to get land and mint the corresponding value in GST. Any and all land acquisition must be proposed to our members – as per our Constitution. 

1. Raise / crowdfund (more in section 5.3)  
2. Land exchange (more in section 5.3)  
3. Land donation (more in section 5.3)  
4. Financial donation (more in section 5.3)  

Prior to proposing each project to the DAO there will be a final check to ensure all technical requirements are satisfied. 

Step Four: DAO Approval

No land may be acquired without approval from the DAO members. The requirements of such an approval depend on which method(s) outlined above are being used. 

Land donations or exchanges: 

DAO members will be given reasonable time to veto any agreement via the membership web-portal, if triggered this would nullify any contract with the current landowner and any potential Land Stewards – meaning that parcel of land cannot then be acquired. 

Raise/crowdfund: 

DAO members (both future and present) can now decide whether or not to fund a land purchase – therefore providing their confirmation that said land is accepted to be acquired and given to the DAO.

Step Five: Multisig Approvals 

Prior to placing land on-chain and minting GST there is a multi-signature-authentication audit process that must be finalised which verifies the following:

• Land deed confirming legal proof of ownership
• Land audit confirming valuation
• Amount of GST ready to mint

Once verified the minting process is automatically triggered with the land deeds, valuation audits and steward agreements placed on-chain.

Stept Six: Minting GST (On-Chain GST and Land RIghts) 

Once these documents are placed on-chain the Treasury will mint new GST. This will be ready to collect by the minters or available on the open market if resulting from a donation for example.

Although placing the deed and appraisal on-chain and minting GST technically occur sequentially, in effect this is a simultaneous action. Any real-time delay here would cause the value per GST to temporarily and artificially inflate, thus undermining the integrity of its valuation and the Green Standard monetary system, which is why they must occur at the same time.

Stept Seven: GST Distribution 

Depending on the method used to acquire land for the DAO, GST will have different destinations once minted:  

1. Raise/crowdfund: GST is ready to collect via our member web-portal by those members who backed the crowdfunding raise. 
2. Land exchange: GST will be ready to collect for the individual or entity who was the original landowner.
3. Land or financial donation: GST will generally be made available on the open market, with proceeds funding the growth of this DAO.  

GST Minting Overview