Development Fund
The ISITAS Development Fund is a collection of accounts containing liquid/fungible assets such as USD, Bitcoin, and Eth. The purpose of these accounts are to acquire tools, assets, resources and labor required to develop the ISITAS platform and organization that can only be acquired with USD equivalents.
In the early stages of the project, these funds will be used to pay people to create promotional material and to do the programming on the first-generation application. These people will need to be paid in cash because at this stage, it will be difficult to get people to invest their time when there is no clear indication that the project will succeed.
In later stages, when the project is clearly succeeding and there are plenty of members who will invest their time in developing it, the Development Funds will be used to buy other things that still require USD. These will include costs like data centers, software, legal and admin, etc.
As the organization grows, the channels of USD flowing into the company will far surpass the amount needed to support an online community. At this point, members who had previously been discouraged from redeeming ISIT Tokens for USD equivalents will be welcomed to do so, establishing ITCoin as a fungible currency. The primary purpose of the Development Fund will be to fund the Treasury so that anyone who wants to liquidate holdings in ITCoin can instantly do so.
One way that we will ensure solvency and stretch the value of our Development Fund is to use those funds to purchase outlet and distressed merchandise for redemption through ISITAS marketplace. Members will then be able to redeem their tokens for this merchandise rather than currency. Thus, we achieve higher utilization of manufactured goods while reserving our cash reserves for assets that can make a more significant difference.
With the solvency of the organization assured, we will begin to utilize the surplus in the Development Fund to expand from being an online community to having a presence in the material world.
One of the primary programs will be the acquisition of real estate for the purpose of forming IRL relationships. The organization will acquire residential properties in strategic locations for the purpose of holding events or for private uses. Members will be able to redeem their earned ISIT Tokens for attendance at events or just to book rooms in properties for short-term or long-term stays.
Some properties will be more upscale while others will be more modest. Some of the properties will include land on which we can begin to develop our own sustainable eco-villages. As the membership expands we will begin to develop many forms of intentional communities all over the globe to provide affordable housing for ISITometer members.
The expanding Development Fund will also be used to acquire various other forms of real assets such as storefronts, shops, factories, farms, and others that can provide the means of producing the essentials for survival. The idea is for the Development Fund to serve as a kind of central bank to anchor the formation of a new form of Network State. This Network State will exist in distributed nodes within the borders of all other nation states.
The Development Fund will serve as a substantial liquid pool of USD that will bolster the legitimacy of the organization as it enables the strategic acquisition of all the assets and resources required to establish a metastable Game B ecosystem.
