WHY LANDOLLAR IS BETTER BACKED

"Sound money need not have intrinsic value, but at a minimum, it must be a direct medium of exchange for goods and services. It should be backed by real world assets with values that are verifiable in a public and transparent manner, and the money supply should reflect those assets without manipulation by money printing, or quantitative easing."

Landollar is a new type of stablecoin, backed by a new type of mortgage. It is designed to be the currency of WEB3.

Landollar is issued to fund individual mortgages on real property. As with all Real Estate in the US, property records are public information, and are accessible and verifiable in a public and transparent way.

1. Landollar will ideally be issued by state and federally chartered community banks           and credit unions. This network of lenders and the loans they hold represent local           knowledge, experience and the truest advantages of decentralization.

2. Landollar loans are made to individual purchasers of real property, with loans                  underwritten using standard guidelines of borrower income, expenses and credit.

3. Landollar is collateralized 200% by 1st mortgages denominated in Landollar, which          never exceed a ratio of 50% loan to value for the mortgaged property. Additional              amounts are funded from lender capital in the form of 2nd position US Dollar                   denominated debt. These dual currency, concurrent mortgages are originated and           held by the same lender and offer significantly lower blended interest rates to                   borrowers.

4. Landollar loans are earning assets for the lender; and could be pledged as security        to the Federal Reserve for overnight and short term credit lines using the FED                  NOW payment system.*

5. Landollar loans could be further backed by reserves in the form of:

      A. 5 % of the USLD loan balances in USLD held by the lender or in Federal                        Reserve Master Accounts

     B.  5% of the total Loan balance (USLD+USDollars) in vault cash or in Federal                    Reserve Master Accounts in the form of US Dollars

6. Because principal payments on the Landollar senior debt must be made in                      Landollar, it is anticipated that there will be offsetting demands for both currencies            in a real-world setting, as wellas ongoing deposits of each from borrowers,                      merchants and banking customers.

*https://www.frbdiscountwindow.org/pages/collateral/pledging_collateral#PledgingLoans

Stakeholder Benefits of Landollar (USLD), the first Mortgage Bank Digital Currency (MBDC). Designed to be the currency of WEB3.

  1. Borrowers can finance real estate at up to 40% lower interest expense.

  2. Lenders issue USLD at mortgage origination, and can fund up to 60% greater loan

      volume at the same margins by minting USLD instead of borrowing USD

  3. Merchants can save transaction fees and pass on lower costs to consumers when

      accepting peer to peer transactions using USLD

  4. Consumers can enjoy lower costs for goods and services as well as all of the

      convenience and security of digital currency

  5. Governments can collect tax remittances from merchants directly, in real time

  6. The American people can enjoy the benefits of sound money as well as the

      advantages of digital currency, without surveillance state controls

  7.  Stablecoin holders worldwide can enjoy the benefits of US denominated

       stablecoins, backed by US real estate.