Ruban.Estate.
Subscription, dossiers, deliberation and staking of IOU.LAND, the land bond.
Capital lent to the patrimony — rent’s interest, never land’s appreciationWhat one IOU.LAND is
One IOU.LAND is one unit of capital contributed to the patrimony of the permanent Land Trust — never a claim on any quantity of land, never a lot, never a usufruct, never title.
The Trust acquires territory and conditions it — water management, keyline and earthworks, soil restoration, windbreaks, access — into ready cell sites for future settlements. The land is never sold; its appreciation is captured by no one and belongs to the commons. Hectares per token is a dashboard metric, never a promise. Two decisions, never fused: “I want Rubania to own more land for future generations” is answered here; “I want to help build this specific community” is answered later, by IOU.HOUSE. There is no path by which this capital becomes land title — removing the object of speculation before any money moves.
Open the tool ↗
Return
The bond pays a fixed, modest coupon and never pays appreciation. The coupon’s source is the site canon — the CLT ground lease every founded cell pays to the Land Trust: the rent of land made explicit, socialized into the commons, servicing the capital that bought the soil for everyone. Appreciation created by conditioning is the quality of the bondholder’s collateral, never their yield. Coupon rate or band, denomination and accrual during accumulation are open items under counsel and will be fixed before any subscription opens.
“Every swale makes the bond safer, not richer.”
Liquidity — two phases, no runs
| Phase | Exit mechanism | Property |
|---|---|---|
| Accumulation no founded cells |
The Trust does not redeem. Exit is the secondary market: tokens transferable from day one at whatever price parties agree. | Liquidity without touching the treasury; the secondary price is a public thermometer of confidence. Redemption here could only be paid from new subscribers — the shape of a Ponzi — and is excluded by charter. |
| Rent cells paying canon |
Redemption windows funded by the period’s canon flow, at an emergent rate: the window’s budget divided by the quantity offered, capped at par plus accrued coupon. | Mass exit reprices the rate downward instead of breaking it — a bond market, not a peg. No promised parity exists to be run on. |
Governance — the ready-site metric
Holders govern one question — where does Rubania expand? — through staking: tokens are assigned to published acquisition proposals as a prioritization signal, producing a public ranked pipeline. Dollars per hectare compares nothing; the accounting unit is the cell site (~1,000-inhabitant module, on the order of 600 ha with water, soil and hydrology functioning). Every proposal requires the full dossier — soil, climate, water, area, bioregion, political context — each parameter epistemically tagged (measured / calibrated / hypothesis); deliberation runs through the COS argument-mapping layer before stakes count. One portfolio, one token, governance over allocation.
cost per ready site = acquisition + conditioning + water rights and concessions + de-rating for risk and time-to-readyWhat the Ruban.Estate board shows
Looking to inhabit?
That is IOU.HOUSE — use-rights over the settlement itself, subscribed through a two-phase escrow. The mechanics that used to live on this page (threshold funding, full refund if the window closes short) moved there. Only when inhabited → IOU.HOUSE.
IOU.HOUSE — working draft · development instrument