The Theresa Project
A novel fusion of traditional real estate development, digital asset ownership, decentralized autonomous organization (DAO) governance, and artificial intelligence.
Frequently asked questions
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What is the Theresa Project?
The Theresa Project is an innovative real estate development combining traditional land ownership with blockchain technology, NFTs, and artificial intelligence. Located in Theresa, NY, the project allows community members to participate in land development through NFT ownership and DAO governance.
How does the project work?
The project operates through three main components: Theresa Corporation which owns and manages the physical land and assets, Theresa DAO which governs the project through community decision-making, Theresa NFTs which represent plots of land and provide access rights, and the THERESA Token used for governance and ecosystem operations.
What makes this project unique?
Our project combines several innovative elements including direct connection between digital NFTs and physical land plots, AI-powered property management system, community-driven development through DAO governance, and convertible NFTs that can be redeemed for actual corporate ownership.
What do the NFTs represent?
Each NFT represents a 1/10th acre plot of land in Theresa, NY. NFTs include unique traits and characteristics based on their physical location on the property.
How much do NFTs cost?
Each NFT will be priced at 10 SOL during the initial mint.
What benefits come with owning an NFT?
NFT holders receive access rights to the property once developed, ability to stay in accommodations, participation in community governance, option to convert NFT to corporate ownership, and access to exclusive events and amenities.
Can I sell my NFT?
Yes, NFTs can be traded on secondary markets. However, the ownership conversion right is only available to the person who burns the NFT for corporate ownership.
What is the THERESA token?
THERESA is the governance token for the project, used for voting on community decisions, accessing AI agent services, participating in property development, and receiving community rewards.
How is the token distributed?
The token distribution is 20% reserved for founder (vested over time) and 80% for public float, including community rewards, development fund, liquidity provision, and treasury reserve.
Where can I buy THERESA tokens?
THERESA tokens will be available on Solana-based decentralized exchanges after launch.
What will be built on the land?
The development plan includes individual cabins, main hotel cabin, road infrastructure, hunting and fishing facilities, and recreational areas.
When will development begin?
Development will begin after the successful completion of the NFT mint, with an initial focus on basic infrastructure and essential amenities.
How will development decisions be made?
Development decisions will be made through the DAO governance system, where NFT and token holders can vote on proposals and priorities.
How does the DAO work?
The DAO allows community members to submit proposals for project development, vote on community decisions, manage treasury funds, and oversee property operations.
Who can participate in governance?
Both NFT holders and THERESA token holders can participate in governance, with voting power determined by their holdings.
How are decisions made?
Decisions are made through a structured proposal system with different voting thresholds based on the type of decision being made.
What is the Theresa AI agent?
The Theresa AI agent is an autonomous system based on ELIZA that helps manage property reservations, access control, community support, and basic maintenance coordination.
How do I interact with the AI agent?
The AI agent will be accessible through web interface, mobile app, Discord bot, and Telegram bot.
How will funds be used?
The initial $2.5M raised through NFT sales will be used for land development, infrastructure construction, property amenities, operational costs, and technology development.
What are the potential returns?
While we cannot guarantee returns, value may be derived from property appreciation, rental income, token appreciation, and community benefits.
Which blockchain is used?
The project uses the Solana blockchain for NFT minting and trading, token transactions, DAO governance, and AI agent operations.
How is security handled?
We implement multiple security measures including smart contract audits, multi-sig treasury management, access control systems, and regular security reviews.
How is ownership structured?
The project uses a hybrid structure with a traditional corporation (Theresa Corporation), decentralized autonomous organization (Theresa DAO), NFT-based ownership rights, and token-based governance rights.
What happens if I convert my NFT to ownership?
When converting an NFT, the NFT is burned (permanently removed from circulation), you receive a 0.1% ownership stake in Theresa Corporation, ownership rights are non-transferable, and original benefits remain accessible.
How do I get help?
Support is available through Discord community, Telegram group, AI agent assistance, email support, and documentation.
Where can I find more information?
Additional information is available through project website, whitepaper, technical documentation, social media channels, and community platforms.