$Burger [BRGR] is a community token with play 2 earn gaming at the forefront. Until now backed by the project BurgerLands: dividend-earning digital lands in the League of Kingdoms game (LoK) that are actively being maintained and developed by the Gamers Hub [GHUB] Alliance, and Split Lands, a partnership between $Burger and the SplitWorld Alliance. Read more about $Burger setup in the whitepaper here. 

Splitting with Split

On the 12th of September $Burger entered a partnership called Split Lands, a partnership between $Burger and the SplitWorld Alliance. $Burger was backed by an additional 9 LoK Lands which were developed and maintained by the growing SplitWorld Alliance. We agreed on the following:

Starting value of Split Lands is decided at 1.4 ETH, sales above 1.4 ETH are split 50/50 between $Burger/SplitWorld Alliance. DAI dividends are split 80%/20% in favour of SplitWorld Alliance. The agreement stops when SplitWorld leaves the Lands or when the Lands are sold and the agreement - profit cut - is finalized. However, if SplitWorld is forced to leave the Lands due to invading Kingdoms/Alliances, both parties will try to objectively value the Lands and determine the xETH value, as to finalize the agreement on paper. If, after SplitWorld is being forced to leave the lands, the Lands are sold for yETH, xETH is subtracted and split among $Burger/SplitWorld Alliance according to the 1.4 eth + 50/50 split. If yETH is lower than xETH, yETH becomes xETH.

It was highly succesful with SplitWorld merging with other Alliances and gaining partnerships - increasing the Lands development points fastly: 

Split Lands on 12th of September: 

Split Lands on 5th of October

As continent 2 came out, and due to a growing SplitWorld Alliance, there was interest of SPW Alliance members in buying the Lands. Hence, we entered a phase of valuating the Land in order to sell and thereby simplifying things for us both (they working their own lands, us only managing payouts of our  own developing lands and realizing profits). 

As we can read in the Burger Backing Expansion update the Lands were bought for 1000 Burger, valuated at 1.04 eth at the time. The selling price for the Split Lands was agreed on 2.6 eth, leaving us with 2 eth after the 50/50 profit cut above 1.4 eth - as was discussed in the agreement. A very nice realized profit in less than a month. 10% of that, 0.2 eth, will be splashed on the Kingdoms of BurgerLands. 90%, 1.8 eth, has been used to buy up $Burger [BRGR]. You can verify the 1.8 eth buy either here or here, or see the picture below: 

As mentioned in the last POBB (Proof of Burger Burn #2) we entered phase 1, in which we'll use 80% of bought BRGR to build up the community fund and only burn 20%, details about burning and community funds will be given in our monthly POBB #3 at the end of October. 

This means we are now reduced to 14 lands from 23, leaving us with the OG BurgerLands, and with the increased community fund giving us more room to expand in either LoK or other games. In conclusion, thanks to SplitWorld for a great partnership. Good luck to you in your future endeavours.

Coming Sunday is PayDay for BurgerLands, with an extra 0.2 eth from Land Sales. See you there,

BurgerBaron