The first step is to secure demand. To do this, we’ve created a community of thousands brought together by the shared vision of jointly founding a new city. Members organize together in places such as New York, San Francisco, and London for events and projects, to meet their future neighbors and help build the city. To make this demand legible to capital and developer partners, we have created a contract called a commitment-to-move (CTM). These financial commitments by future residents represent a concrete dollar value of demand for real estate and taxes: ten thousand members with an average lifetime value of $2+ million collectively represent $20+ billion in city value. With legible real estate demand established via signed CTMs, we will attract capital partners to help finance the development of the city. Initial demand will attract the capital required to buy and entitle the land for our site. As we generate more demand over time, we will be able to raise additional capital to finance the development of infrastructure. Residences will be financed by residents and a credit facility. Early committers will be rewarded with mechanisms to earn additional ownership, providing incentives to join and further expanding our base of commitments. With demand and the capital raised to purchase and entitle the land, we will partner with a host government to create a special jurisdiction and accelerate the economic growth of their country. We are engaged at various levels with a number of governments. The location for the city will be selected based on proximity to financial and logistics centers, stable local governments, and will be situated in an attractive coastal location. Once we secure the special jurisdiction, we will use it, the CTMs, financing, and the entitled land to partner with world-class developers. We will partner with developers for infrastructure, residential development, civil engineering, planning and architecture. We’ve selected many of these partners already. Domain advisory panels composed of community members and experts will oversee program design in the realms of energy, trade, environment, education, transportation, and governance. The overall city plan, infrastructure, and key architecture will be designed by the best architects and engineers in the world, in a style organic to our ethos, focused entirely around the physical and spiritual vitality of our residents. Construction will be phased to match demand, beginning with a central district built for the first residents, with planned expansions as the population grows.Phase I of the city will be home to 10,000 residents. With our first cohort of residents in their new homes, we will foster long-term growth by inviting new residents into the city. Praxis will earn revenue through the monetization of real estate and services. Since recurring services revenue grows with income, we are incentivized to maximize long-term growth. Phase I marks the end of the beginning, and the start of a longer quest to build the greatest city of our era.