As a member, you can access your domes at any time of the year. YAK team will manage the property and produce income for you when you are not there.
Investing in a YAK DAO property:
YAK community identifies a potential property that meets the criteria of access to amazing outdoors experiences and high booking revenues.
YAK moves forward to purchase the property with DAO treasury assets.
YAK develops a build out plan and costs for the property and applies those costs as a per glamping dome basis.
YAK community identifies a potential property that meets the criteria of access to amazing outdoors experiences and high booking revenues.
YAK releases a set of master NFT’s that represent a dome cost for that property.
After a period of 1 week, the master NFT’s are offered to the Everest YAK NFT tier. At this point the master Dome NFT is broken into 50 NFT’s that represent a fraction of the dome. This enables smaller investments to own a fraction of a structure. Mauna Kea YAKS who have committed to a full master NFT may also sell fractions of their dome during this period in order to offset some costs.
After a period of 1 week, any master NFT’s and fractional master NFT’s that are still available are offered to the K2 community.
Once the domes for the property have all been allocated, the build plan moves forward and the property opens for business.
The DAO performs all property maintenance, booking support, marketing, and financial management of the property. It is turnkey for NFT members. The DAO retains 18% of the dome revenues generated in order to cover its operating expenses. Whenever possible, the DAO may invest in owning a couple of domes at each property as well in order to scale its operational capabilities and property acquisition plans.
On a monthly basis, master NFT holders will receive proceeds from the domes production net 30. So for example all the rental fees that DAO collects for the month of March would be distributed to the NFT holders by April 30, less the 18% DAO management fees.
As a member, staying is encouraged. Discounts are applied based on your membership tier. As a Mauna Kea NFT member, if you maintain 100% ownership of your master NFT, you may stay at your dome for free whenever you choose. If you have sold fractions of your dome or are a fractional owner, you must book the dome with applicable discounts based on your membership tier. This ensures a fair and equitable distribution to all members of that dome.
Check out our first market review of Brevard, North Carolina where we are currently under contract for a beautiful 22 acres property. We have included market analysis using airdna data for the region.
Brent has two decades of agency experience working with some of the biggest startups and multiple fortune 500’s. He built the digital marketing strategy for Chewy.com which became the largest e-commerce exit in history. In addition to chewy, Brent has led marketing departments for two other venture backed startups with one of those reaching a valuation of over $1B. Brent and Woody have worked together as business partners for 7 years. Brent oversees the marketing and community engagement at YAK DAO.
Chris is the founder of Leavitt hospitality and recreational insurance. Chris serves over 4,000 properties and has deep relationships within all the major associations and organizations within the industry. Chis oversees the risk management of each property and is an industry advisor
Kim is COO at Camp Native and has deep experience in property design and customer support. She understands what makes a property successful and manages the customer support channels for over 800 properties. Kim is also a blockchain speaker and has worked with female CEO organizations to help more women engage with blockchain projects. Kim oversees the customer experience and property design at YAK DAO.
