CitaDAO has been at the forefront of incorporating blockchain technology into the realm of real estate, bringing unprecedented changes to the sector. This innovative approach presents a more inclusive form of property engagement. This blog post will delve into CitaDAO's step-by-step process of introducing real estate on chain, giving a simplified guide to this transformative technology.
Step 1: Property Evaluation
The process begins with the identification of suitable properties for tokenization. CitaDAO's team, comprising experts in the legal & real estate field, analyses and selects high-quality properties around the globe that fit their rigorous standards and the community's preferences.
Step 2: Legal Structuring
Once a property has been identified, it undergoes a legal structuring process. This step ensures that the property is compliant with local regulations. In this phase, a Special Purpose Vehicle (SPV) is formed. The SPV is a separate legal entity created to hold the identified property, isolating financial risk and allowing for greater financial flexibility.
Step 3: Listing property for Introducing Real Estate On-chain (IRO)
The property is then listed on CitaDAO for IRO. During the IRO, community members will choose to participate by locking their stablecoins (USDC). If the IRO secures sufficient commitment from the community during the IRO period, the Real Estate will be tokenized by the community. The chosen property is then put through the tokenization process. The SPV issues an NFT as a key to redeem the deed, thus tokenizing the property. Stakers will be able to claim the ERC20 Real Estate Tokens (RET) and the IRO reward for locking up their liquidity. Each property will have their own set of RET.
In the event the IRO does not secure sufficient commitment, the community will be able to claim their staked liquidity. The reward pool will NOT be distributed to the stakers, and the Real Estate will not be tokenized.
Step 4: Property Management
Once the IRO concludes, SPV will select a professional Property Manager to manage the property maintenance, rental collection, and other property-related activities. Any proceeds from the property, such as rental income, shall be used to buy & burn RETs.
Step 6: Buyouts
Finally, there is the option for a buyout. CitaDAO's buyout process is a key factor that enables a 2 Way Bridge and ensures that a Real Estate Token (RET) holder is able to buyout all other RET holders to redeem the Title Deed of the underlying Real Estate.
Through this methodical and innovative process, CitaDAO provides a platform for individuals to engage with real estate properties on a more accessible level. This breakthrough not only reshapes the traditional real estate market but also paves the way for a more inclusive and decentralized future in property engagement. The integration of blockchain technology with real estate through platforms like CitaDAO will play a significant role in the evolution of the real estate sector.
About CitaDAO
CitaDAO.io is a Decentralized Finance (DeFi) platform for Real Estate to be tokenized on-chain, built on the Ethereum ecosystem. CitaDAO aims to solve the lack of liquidity, access limitation, and lack of composability in existing real estate ecosystem by creating interoperability with other DeFi applications/primitives that operate on the Ethereum protocol. Real estate token allows the community to diversify their portfolio on-chain to generate stable yield through real world assets that have constant liquidity through AMM — interested to learn more?
Follow us on Twitter: @citadao_io
Join our community on Discord: bit.ly/citadao
Or check out our website: citadao.io
Disclaimer: The information contained in this communication is based on sources considered to be reliable, but not guaranteed, to be accurate or complete. This communication should not be relied upon or the basis for making any investment decision or be construed as a recommendation to engage in any transaction or be construed as a recommendation of any investment strategy
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