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LinksDAO wins bid to buy its first golf course, says CEO

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The successful bid comes a month after 88.6% of LinksDAO token holders voted in favor of putting in a “compelling offer” for the golf course in its governance vote.

The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000.

After winning the bid, the DAO has entered into an exclusivity agreement with the vendor and will look to formally close the deal in early April.

We won the bid.

WE'RE BUYING A GOLF COURSE!!!

— Links (@LinksDAO) March 16, 2023

In the meantime, it is undergoing its “due diligence” phase before it officially puts pen to paper, according to CEO Jim Daily in a Twitter Spaces held on March 16.

While the initial listing was a tick over $900,000, a report from Golf Digest suggested the final sale price is expected to be higher. Links CEO Daily said that they’re not planning on revealing the purchase price until the contract is signed.

LinksDAO put in the highest offer over “several other potential buyers,” the report added.

LinksDAO — self-described as a “global group of golf enthusiasts” that is on a mission to build the “world’s greatest golf community” — put in the bid following a community vote which saw 88.6% of 4,300 LinksDAO members vote in favor of putting in an offer.

If the deal closes, it will be the DAO’s first golf course purchase.

We've entered into an exclusivity agreement to purchase Spey Bay Golf Course on the Moray coast of northern Scotland! Thank you to @GolfDigest for covering the purchase. Read more https://t.co/rAcfrvJsIe

— Links (@LinksDAO) March 16, 2023

The DAO is still “working through the details” of the course membership structure and hasn’t confirmed what benefits will be provided to LinksDAO token holders who wish to access the golf course.

As for the state of the golf course right now, Besvinick described it as “playable.”

“It’s good, it’s going to be getting a lot better soon and we think it’s going to be great by this time or Spring time next year.”

If the deal is closed, Besvinick said that they’ll keep the course open until they start renovations.

Links is seeking advice from several architects to remodel the golf course, because it has “suffered from weather and erosion issues over recent decades,” head of strategy Adam Besvinick explained in the Twitter Spaces.

“Improved maintenance will elevate this site significantly,” he added.

Related: Types of DAOs and how to create a decentralized autonomous organization

Daily and Besvinick explained in its community proposal to purchase the course that the high ceiling to low price ratio of the Scottish course made it “too special to ignore.”

“Even a price triple the ‘guide price’ would be cheaper than most mediocre courses we have assessed thus far in the U.S.”

Cointelegraph reached out to Links for comment but did not receive an immediate response.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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