Special terms in the text begin with a capital letter or like
this. To understand the terms - Glossary.
The basis of the
Project is the Token standard ERC20 GALT and Token standard ERC721 SPACE. The GALT Token is the right to share or dispose of land and the equivalent of a share in an investment
Fund that is engaged in the development of the
Territory, the SPACE token - the right to a specific Land with specific boundaries. These rights are determined by the smart contracts of the
Project. See more details - GaltToken contract, SpaceToken contract.
The procedure for the Galt Core to launch the
GALT Project CORE Team runs on its own behalf the contract GaltToken and SpaceToken. See more details - GaltToken contract, SpaceToken contract.
GALT Project CORE Team launches the SplitMerge contract. See the SplitMerge contract for details.
GALT Project CORE Team launches
PlotManagercontract. Now everyone can register their
Land plotin the
Projectby confirming their rights to GALT CORE or it's partners! Together with the contract, a service will be launched that will allow anyone with minimal effort to include their
Land PLotin the
Project. One of these
Land Plotswill be sold to the
Territory. More details - Contract PlotManager.
Galt Core launches the GaltDEX contract. This is an automatic exchanger GALT for ETH and back. The rate will be calculated automatically based on the number of Ethers on the contract and the total number of GALTs issued.
GALT Project CORE Team runs the SPACEAuctionRegistry contract and GaltGenesisRegistry contract.
GALT Project CORE Team together with the First
Territory Ownerlaunches the
TerritoryCrowdsalecontract and begins the First
Territory Crowdsdale. GALT tokens will be issued for a pilot
Territory, managed by cryptography. This will be a place located in a good legal jurisdiction. See more details - TerritoryCrowdsale and
LandCrowdsaleManager. All land plots for the
Land Auctionwill be determined in advance according to the master plan.
While the First
Territory Crowdsdalegoes, everyone can send Ethers to the
Territory Crowdsdalewill have a fundraising purpose in the Ethers. If the necessary fund-raising goal is achieved, the released GALT tokens will be distributed among the addresses listed by the Ethers. The resulting Ethers will be shared between the GALT Project CORE Team, the GALT Foundation and the current Territory Owner, who sells it to the Project. If the goal is not achieved, the released GALT tokens will be destroyed and the Ethers will be returned. See details - Contract TerritoryCrowdsale.
After the First
Territory Crowdsdaleis successfully completed, the GALT CORE will launch the SpaceAuction contract. The
Project participantswill be able to divide the
Territoryamong themselves by auctioning land into separate
Land plotswithin a large
Territory. The main task is to honestly distribute specific
Land plotsbetween the owners of GALT tokens. Each
Land plotis a token of ERC721 SPACE standard, which contains a
geohashof a particular Land Plot (in fact, this is the exact address of the Land plot). If the Owner has won the site, then his GALT tokens, for which the site was won, are pledged to the Fund. See details - SpaceAuction contract.
GALT Project CORE Team together with the contract SpaceAuction launches the following contracts: Reputation, Controller, MultiSig, MultiSigProposal, FundRegistry, DelegateCandidateAuction, DelegateVoting, Emission:
- Pledged GALT tokens become a
Reputation, he can distribute between different
Funds. Together with the Reputation between the Funds, Ethers pass (if they exist in the Fund) and GALT Tokens, pledged for Land Plots. See more details - Reputation Contract.
Land Ownershas a
Reputationin each Fund to elect
Delegates. Seven "Candidates in Delegates" with the largest number of votes become "Delegates" and are given the right to dispose of the "Fund" Ethers (if they are in the "Fund") and other ERC20 tokens of the Fund and receive remuneration for this. See details - DelegateVoting contract.
- Anyone can get the right to become a "Candidate for Delegates" at the Delegates' Auction. See details - DelegateCandidateAuction contract.
- Anyone can create a
Adjacent Fund, any
Land Ownercan transfer there part of his
Ethers(if they are in the Fund) / GALT, which are at the
Fund. See more details - Contract FundRegistry.
Proposalsfor the withdrawal of Ethers (if they exist in the Fund) and GALT from the
Fund, and approve these applications. See details - MultiSigProposal Contract, MultiSig Contract.
Delegatescan create ballots for the need to raise funds for the
Fund. If the application is accepted, the
Land Ownerswill be required to replenish the
Fundor receive a
ReputationFine. See more details - FundEthReplenish contract.
GALT Project CORE Team launches the
GALT Emission Auctionbegins. Auction issues new GALTs and distributes them among those who have listed the ethers and the Land Owners. See more details - Emission contract.
GALT Project CORE Team launches ManagementFee contract.
Delegatesbegin to receive remuneration based on the balance of the Ethers in the Fund and increasing their number. See the ManagementFee contract for details.
GALT Project CORE Team runs the HeightManagement contract. Land Owners will be able to determine by voting the upper and lower boundaries of the Land plots, buying each other's space over the Land plots. See the HeightManagement contract for details.
GALT Project CORE Team launches the ReputationFine contract.
Land Ownerswill be able to vote and impose reputation fines on each other.
Land Ownerscan replenish their
Reputationwith GALT tokens. See more details - ReputationFine contract.
GALT Project CORE Team launches the PropertyVerification contract.
Land Ownerswill be able to confirm their right to own specific sites on GPS coordinates. See more details - the PropertyVerification contract.
GALT Project CORE Team launches SmartSpace-SharedSpace contracts for joint ownership of Land Plots and SmartSpace-Rental for individual and joint lease of Land Plots. See details - SmartSpace-SharedSpace contract and SmartSpace-Rental.
GALT Project CORE Team gives the right to own Smart Contracts to the Community.
The new Territory - Bir Tawil will be introduced into the Project and the Fund will be raised for its development.