Bitcoin Forum

What's CITADAO token address?

The CitaDao team looks very professional and experienced in their respective fields, even though it only consists of 3 people.
However you have not linked your team information with their social media accounts, I hope you will link their social media account links soon, so we can confirm that what you say is true.

We published our litepaper on our website: https://citadao.io. Feel free to join our discord community https://bit.ly/citadao if you have any questions on the litepaper. We'll be more than happy to answer them there.

wow this is very interesting...

cannot wait longer to diversify into stable assets on chain. devs when launch ? are they doing something?

Can't wait to participate in the IRO through InflationlessDAO to win the 100 million knight tokens rebate together ^_^

Here's our token address: https://etherscan.io/token/0x3541A5C1b04AdABA0B83F161747815cd7B1516bC

how is this better than realT or Propy?

We have a different approach to the problem. Unlike past real estate tokenization attempts, we are taking a 100% DeFi approach that leverages composability with other projects in DeFi, allowing us to scale users and usecases rapidly.

An example include our partnership with XToken to provide concentrated liquidity on UniswapV3: https://twitter.com/xtokenmarket/status/1461716880713039872 (https://twitter.com/xtokenmarket/status/1461716880713039872). The tokenized real estate can potentially be used as collateral for permission-less loans on-chain via our collaboration with Chainlink on price feeds for real estate: https://twitter.com/chainlink/status/1465814283938377729 (https://twitter.com/chainlink/status/1465814283938377729)

ChainLink, I like. Not easy to get partnership with Chainlink   8)

We're proud to announce that we are launched. Our GENESIS Introducing Real Estate On-Chain (IRO) is currently live on app.citadao.io (http://app.citadao.io). You can earn USDC reward from participating in the Genesis IRO by committing USDC to the IRO.

ok, so if i buy a fraction of a real estate then how will i get the profit, and which basis. Is this coming from the rent or after selling the property?

Hi, rental yield is used to buy and burn the Real Estate Tokens, driving the price up. Your yield can be realised by selling the RET when it is at a higher price.

If Any landlord get listed on Citadao then what kind of benefit they will get? Is there any chance it it can be 2or 3 times from tradition revenue?

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Hi, Landlords have access to 1. Greater liquidity (according to DeFi Pulse, the DeFi space has a TVL of over $70 Billion)  2. Competitive fees (CitaDAO has a 2% Listing Fee) 3. Underwriting (Landlords can underwrite a fraction of their Real Estate and tokenize the rest). As for revenue, Landlords get to decide on the pricing of their Commercial Real Estate to be listed but whether or not the listing goes through is dependent on the demand from the Community.

Hope that answers your questions, find out more at our Docs (http://docs.citadao.io)!

[moderator's note: consecutive posts merged]

why there would be two prices for the same asset on chain and off chain? Don't you think there will be a problem if the same real estate have two price then the buyers and the sellers face problem to transact it?

Hi, as mentioned above we believe that with CitaDAO, there will be 2 different prices for the same piece of Real Estate: the price of Real Estate On-chain and Off-chain.

We believe that the value of Real Estate on-chain will be higher than value of the same Real Estate off-chain. This is simply because with CitaDAO, on-chain Real Estate has more use cases compared to off-chain Real Estate (similar to the iPhone App Store increasing the value of an iPhone because of multiple use cases provided by the App Store).

Real Estate Token holders will find that there is more that they can do with their RET compared to having the physical piece of Real Estate. Such examples would be pairing the RET with USDC to yield farm, taking out collateralized loans with RET, RET Index Funds, Futures and other Primitives. Because of these use cases that you would normally not have or have difficulty attaining in the real world, we believe that the RET will be worth more than the Real estate in the Real World since there would be greater demand for the RET.

As for your 2nd question, buyers and sellers will only be able to buy and sell RET via our Automated Market Maker. If a buyer wants to buyout the entire Real Estate, they will have to go through our buyout (https://docs.citadao.io/intro/how-iro-works/buyouts) process This means that if anyone wants to buy the property, they will have to go through our platform where the price is based on the On-chain price. The Off-chain price simply acts as a floor price for the On-chain RET. Hope that answers your questions!

Citadao Seems really good project.How can I know more about your project. Can you send me your whitepaper link.Thanks

When you are going to list in exchange?

Hi, you can check out our Litepaper (https://docsend.com/view/wzheu2v3dbgunr7a) as well as our Documentation (http://docs.citadao.io) for more information on CitaDAO. Hope that helps!

Hey, CitaDAO's governance token, KNIGHT, is listed on the Uniswap DEX (https://v2.info.uniswap.org/pair/0x8ac6b719c304c3686bd939f42a4711f944c4cdac). We have partnered with MEXC Global (https://twitter.com/citadao_io/status/1502309840479088642), a CEX, and will be listing KNIGHT there, the date is TBA.

Are you planning to list on any exchange soon?

Hey, as mentioned above, CitaDAO's governance token, KNIGHT, is listed on the Uniswap DEX (https://v2.info.uniswap.org/pair/0x8ac6b719c304c3686bd939f42a4711f944c4cdac). We have partnered with MEXC Global (https://twitter.com/citadao_io/status/1502309840479088642), a CEX, and will be listing KNIGHT there, the date is TBA.

Project has very good potential. I want to know more about your project.I hope citadao will be a successful project.

Hi, do refer to the first post to find out more about CitaDAO. Feel free to ask any questions here or join our Discord (https://discord.com/invite/JjmDe2QdbJ) where we have Weekly Project Calls!

I believe Citadao is going to be proved as a significant, useful and important platform in future.best of luck team.

What is the minimum Investment I can make?

Hi, the minimum USDC you can commit to the IRO is 1!

How can I join your aidrop?

Hey,

The Genesis IRO will end in 3 days. To make things more exciting, we have decided to extend the 50% rebate airdrop till the end of the IRO and there will be no upper limit to the amount of KNIGHT token you can earn from today Tuesday, March 15, 2022 8:00 AM at the price of $0.05/token

You need to contribute a minimum of $50,000 USDC in order to qualify for the airdrop and it will be claimable upon the successful completion of the IRO. In the event the IRO do not meet the softcap, the airdrop will be reduced to 10% (instead of 50% of your USDC contribution) and you will be able to claim back your full amount of USDC contribution.
The contribution amount is cumulative, i.e. if you contributed $25k during the first day of IRO, you only need to top up $25k USDC today in order to qualify for the full 50% rebate! Or if you contributed >$50k before today, all you need to do is to contribute additional $1 between now till the end of IRO to qualify!

Summary

1. You will get 50% of your USDC dollar contribution back in KNIGHT tokens with no CAP when you contribute from today Tuesday, March 15, 2022 8:00 AM with a minimum cumulative of $50,000 USDC
2. The 50% reward airdrop will be given out upon the successful completion of the IRO. If the IRO fails, the reward airdrop will be reduced to 10% of your USDC contribution and you will be able to claim back your full amount of USDC contribution.

This is our final sprint to meet the IRO soft cap. Please share the news with your friends and WAGMI!! Do join our Discord (https://discord.com/invite/JjmDe2QdbJ) for updates!

This project seems to be a curve like project just that it's backed by real estate stable coins.  I really like the idea of being able to bring a property off chain if someone wants to.

I really like the aspect of this project that the treasury will be built up using real estate worldwide - its like the next level stable coin!

 When there are a lot of Blockchain why did you chose ethereum, What ethereum will bring in Citadao ?Or you will launch your own chain later?

With DeFi gaining popularity over the past years, the ecosystem needs alternative sources of sustainable yield generation, How would you maintain this in future?

Hey, we chose the Ethereum Network for our POC because of its deep liquidity and security. Commercial Real Estate Assets have high capital so we want to ensure that our Real Estate listings are on a chain that has deep enough liquidity to support this. At the same time, we understand that using the Ethereum Network comes with drawbacks (mainly being relatively high gas fees). Hence, our team is exploring launching a v2 on the Avalanche Network. Find out more here (https://citadao.medium.com/announcing-our-ecosystem-supporter-avalanche-asia-star-fund-2eb1dbe7525e)!

As crypto is a digital asset and in maximum cases it’s nothing but a number we see in the screen ,while real estate is real world thing and it’s one of the most profitable business model in the world. CitaDao chose a nice sector to capture. Watching the situation.

Hey, CitaDAO brings to you Real Estate Tokens (RET) which are minted when real world Real Estate gets tokenized. To achieve sustainable yields, it would mean to have a sustainable APY and a sustainable price. CitaDAO achieves both with our RET.

Sustainable price is achieved as RET are backed by Real Estate and hence, have a stable price that increases in the long term.

For sustainable APY, you could
1) Simply hold onto the RET as it accrues value from a rising floor price and appreciation from rental yield.
CitaDAO allows you to unlock more sources of sustainable yield.
2) You could collateralize your RET and take out a loan. Use that loan to farm for rewards.
3) You could provide liquidity by staking a RET-USDC pair into our yield farms and earn an APY.

Hope these help!

Don’t you think Real Estate on chain will be worth more than real estate IRL and that will create a extra value which is not real? And thus at certain point there could be a loss.

Hey, we believe that Real Estate in the real world will act as a backing for Real Estate on-chain. This means that the value of Real Estate on-chain should not fall below the value of Real Estate in the real world and should in fact be more than it. As you rightly mentioned, there will be an extra value. We believe that the extra value will come from the use cases that Real Estate on-chain unlocks. This comes in the form of the Real Estate Tokens (RET) that IRO participants obtain which will have multiple use cases such as yield farming, taking out collateralized loans, Real Estate Indexes and other Primitives. These are use cases that you would not be able to find or have difficulty finding with Real Estate in the real world.

We believe that all these use cases will make Real Estate on-chain more valuable than Real Estate IRL, thus making the extra value 'real'. It is similar to how Ethereum derives its value from it being used for transactions and how Bitcoin derives its value from it being used as a store of funds. Hope this helps!

As we see in traditional real estate it is tough to enter the market and also exist from it. Because real estate is high capital sector and you can’t sell it in any time. It will take some time to sell it in proper price. In block chain will it be the same?

Hey, yes, the lack of liquidity for Real Estate is a key challenge that CitaDAO aims to tackle. As what you've mentioned, Real Estate in the real world is highly illiquid. Buying and selling of Real Estate can take a long period of time, the duration ranging from weeks to months.

At CitaDAO we aim to provide 24/7 on-chain liquidity for Real Estate that we tokenized. This is achieved by the use of Automated Market Makers (AMMs) for our secondary exchange. These AMMs allow for 24/7 trading of Real Estate Tokens (RET) in a liquidity pool. This means that RET holders will be able to sell their RET anytime. At the same time, prospective RET holders are able to buy RET from our secondary exchange anytime as well.

As you mentioned that any  landlord within the Commonwealth jurisdiction can list their commercial Real Estate on the platform after ownership verification (KYC). Will he be charged any fee to enlisted on CitaDAO?

Ethereum is great, Avalanche may be second best smart contract chain.

can you tell more about how you are working with Avalanche? I see this post what does it mean

https://twitter.com/citadao_io/status/1499945090990559235

is it mean avalanche support citadao?

 There are a lots of yield farming pools which are very profitable and the interest rate is quite high. What amount of interest could a person gets if he yield he’s money on it?

Hi, yes. Landlords will be charged a 2% fee for listing their Commercial Assets. The 2% fees will be transferred to the CitaDAO Treasury. We believe that 2% is a very competitive fee when compared to fees in the real world. Landlords can benefit from this competitive fee, access to liquidity in the DeFi space (over US$70 Billion according to DeFi Pulse) and underwriting services. Cheers!

Hey, we are working with Avatar Avalanche, a crypto and blockchain investment firm, to support us in bringing properties onto the Avalanche Chain. They will be helping us in bringing CitaDAO's v2 to the Avalanche Network. As of now, our v2 is still a WIP. Our team has been preoccupied with our Genesis IRO and POC but we look forward to launching our v2!

Hey, I believe you are referring to yield farming with our Real Estate Tokens (RET) and USDC. For that you would receive rewards in our governance token, KNIGHT. We are targeting an APY of ~20% for yield farmers and we believe this is a very lucrative and competitive APY. We believe in ensuring sustainable yield and this would entail a sustainable price and sustainable APY. If your underlying yield farming token freefalls in price even though APY is high, you are likely to be at a net loss. Similarly, if your yield farming token is stable/appreciates in price but APY is freefalling, you are likely to not gain as much yield.

At CitaDAO, Real Estate Tokens will have a fairly stable price that appreciates in the long term and our yield farms will have an APY that can sustain over a long period. Thank you for the question!

In real world we get bank loan to invest or buy some real estate. whenever we get profit we can repay loans. But don’t think  that on chain real estate will get any monetary support from the banks or financial institution.

Didn't see in thread that your Governance token is KNIGHT, is it a stable coin? What would be the maximum supply of it?

I agree with you what you have just said but If real estate Tokens that can be used multiple cases and like many tokens value goes down so this token also can go down. In that case without decreasing the real value there will be a little less value and this can be a serious loss because we expect that real estate will only give us profit only.

Hey, we understand that banks will typically not give out loans to buy on-chain Real Estate. At CitaDAO, we get rid of the need to take out such loans through fractionalizing the on-chain Real Estate. This means that you no longer have to buy an entire asset but could instead get a fraction of it. This would allow for a lower upfront capital cost. Our IROs only require a minimum commitment amount of 1 USDC, meaning that you can commit however much you are comfortable with and still get Real Estate Tokens in the form of ERC20s.

Hi. Nope, KNIGHT tokens are not stablecoins. They are the CitaDAO platform's native governance token that gives you the voting rights for decisions made with regards to the CitaDAO Treasury and Platform. We plan to introduce many more use cases for the KNIGHT token. The maximum supply is 10 Billion. Feel free to read more about our tokenomics here (https://docs.citadao.io/intro/tokens-on-citadao/citadao-tokenomics). Cheers!

Hey, the Real Estate Tokens will have a backing/floor price which is the price of the Real Estate in the real world. This means that the value of the RET can fluctuate but it will likely not fluctuate below the backing price. There may be the case where you trade for the RET at a premium and it drops to the backing price. However, we believe that just like Real Estate, in the long term, the RET will appreciate in value. Hope that helps!

Most of the time projects fall behind of their Roadmap, What are the current situation of Citadao? Do you achieve all the milestone as you stated on your Roadmap?

Hi, please refer to the updated Roadmap in the Roadmap section, the Roadmap in the infographic is outdated. We have just completed our Genesis IRO on the 18th March and that constitutes our Proof of Concept so we are on track! Despite the IRO not going through due to insufficient commitment, the team has learnt many valuable lessons and we have actually achieved our goal for the POC, which is to ensure that the IRO process is working and all is in order. We are preparing for a 2nd IRO, presumably to be launched next month. Do join our Discord (https://discord.com/invite/JjmDe2QdbJ) and stayed tuned for updates!

Many real estate have the great potentiality to become NFT, Do you ever think of that? In future can you launch it as a Nft marketplace also and people can have the favorite NFT real estate.

Hey, CitaDAO is a decentralized marketplace for on-chain Real Estate. Here is how we implement the use of NFTs in our platform:

A piece of commercial Real Estate is listed on our platform in the form of an IRO. The IRO is a process that determines if the real estate gets tokenized, find out more about that here (https://docs.citadao.io/intro/how-iro-works/overview). If the IRO is successful, the property gets tokenized. Now here is when an NFT (ERC721) gets minted. The NFT represents the rights to the SPV and hence, the title deed and underlying assets held by the SPV. Real Estate Tokens (ERC20 fractions) are minted and distributed to participants of the IRO.

As you can see, CitaDAO is just like a marketplace for Real Estate. We envision the marketplace to be filled with various tokenized Real Estate assets that DeFi users like you and I can ape into very conveniently!

If some Real estate doesn’t get sufficient commitment but gets very high amount of commitment, and also
it has the fulfill all the criteria then what will happened to that IRO? Do you have any fund to fulfill the gap and make it happen?

Who will audit the properties for the community? We need to know the value to make the properties to commit. Do you have any service like that?

Hi, CitaDAO will not use any funds to fulfill any funding gaps. CitaDAO will operate as a DAO and have its own DAO treasury. There could however, be the case whereby members of the DAO propose and vote to use the treasury funds to commit to an IRO. If the vote is successful, the proposal will go through.

But other than that, CitaDAO will not be involved with funding any of the IROs. The success of an IRO will totally depend on the interest of the community. Hope that clears the air!

Hey, any landlord in the community can list their commercial Real Estate on the CitaDAO platform. The only prerequisite is that they pass the KYC and AML checks to ensure that they are the rightful owner of the property. The landlords will be the ones who price the property listing. The property will go through the IRO process to decide if it gets tokenized. If there is insufficient interest in the property, the property will not get tokenized, hence the landlord is incentivized to make sure that they price their asset at a fair value.

CitaDAO will not have any appraisal services for IRO listings. Only assets that have already been tokenized after a successful IRO will have Real Estate firms to value the property. Cheers!

As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?

Hey, landlords will be required to undergo a KYC. This will ensure that they are the rightful owner of the property before they can list it on the CitaDAO platform. This would remove the fraud element of asset listings. It is possible that the landlord overprice or overvalue their Real Estate. However, it is up to the community to decide if the property gets tokenized. If there is insufficient interest in the property as the community feels that it is too overpriced, the asset will not get tokenized.

Is it for all countries, like many countries ban the crypto because of their low knowledge about it.
But the people of those citizen want to invest some good real estate, Are you allowing them to make the move?

How much time will it take from committing stable coin to receive the first reward? And if it doesn’t successful than how much it take to refund the coins?

So here are lots of work to do, and also Collecting rental income, spending  operational cost, giving property management fee and so on, How would you ensure that all the process are going well? How would you ensure the  transparency?

Hey, as mentioned in our Docs (https://docs.citadao.io/intro/how-iro-works/introducing-real-estate-on-chain), there is a waiver that you must affirm before you can use the CitaDAO platform. CitaDAO's legal structure is currently valid in only Commonwealth countries (https://docs.citadao.io/intro/overview/faq/faq-listing-properties). However, we are looking to expand the platform beyond Commonwealth countries to access more crypto natives in the DeFi space and allow more landlords across the world to list their assets.

Hi, each IRO will have a different duration and reward amount. The time of rewards distribution is dependent on the IRO duration as rewards are only distributed when a successful IRO ends. For our Genesis IRO, the IRO spanned across 10 days. USDC rewards would have been distributed at the end of the 10 days if it was a successful IRO.

If the IRO is unsuccessful, you can claim your Stablecoins once the IRO ends.

Hey, each property will have a property manager assigned to it. The property manager will oversee the asset and provide a projection for rental yield. The calculation for the rental yield will include the income and costs that you have mentioned. In the case that the property manager underperforms significantly from their projections, they will be replaced. As for transparency, property managers will submit property management reports that will give insight to the asset's income as well as expenditure. Feel free to read more here (https://docs.citadao.io/intro/overview/faq/faq-operations).