hey guys, long term investor in ETH and lurker of this forum.
I’m a big fan of crypto but also in to real estate.
Realt has been around for a few years.
CityDAO getting backing from Mark Cuban and others. Propy just listed on Coinbase I think.
I think there will be growing demand for yield, and real estate tokenized can be a source of sustainable yield.

I recently start contributing to a project called CitaDAO as they are doing something completely different and building a holistic Real Estate powered DeFi ecosystem, featuring a two-way asset tokenization bridge, ample liquidity, and bearer asset tokens that are composable with the broader DeFi applications and primitives. Real estate tokens will enable the DeFi community generate sustainable yield through real world productive assets, diversify their portfolio on-chain, AND serve the growing demand for on-chain yield.

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 (see recent partnership with XToken to provide concentrated liquidity on UniswapV3: https://twitter.com/xtokenmarket/status/1461716880713039872).

Through our platform, Crypto Anons will soon be taking over meatspace real world assets and we shall see the physical world re-made in the likeness of our own Crypto community, and use tokenized real estate 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)

Lastly, there is a pipeline of projects to come on-chain via collaboration w a Singapore based family office, and the first property to be tokenized will be a $20m prime real estate located in the heart of Cardiff, Wales, UK - a building currently being leased to a global bank, partly chosen so the crypto anons can rent real estate out to the rent-seeking banks -- and partly for the stable rent 🙂
leave a comment if you’re interested or come checkout our website and join our discord! hopefully can join our growing contributors consisting of defi degen apes, legal, and real estate pros!

[Introduction]

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Introduction
About $140 trillion is locked up in Real Estate and does not earn any yield. At the same time, Real Estate is incredibly illiquid and is a highly inaccessible asset class to many with its high upfront capital costs. Therefore, CitaDAO aims to leverage on #DeFi to drive demands, unlock capital efficiency, lower the barrier to entry and increase the liquidity of Real Estate.


How will CitaDAO enhance the Real Estate Ecosystem?

CitaDAO offers a 2-way tokenization bridge between the Real World and the Blockchain. Any landlord within the Commonwealth jurisdiction can list their commercial Real Estate on the platform after ownership verification (KYC). If they pass the KYC, their property will get listed on CitaDAO and undergo a tokenization process called Introducing Real Estate On-Chain (IRO).

Introducing Real Estate On-chain (IRO) is the process where the community determines the type of Real Estate to be tokenized. Every Real Estate will need to go through the IRO process, and only properties with sufficient commitment from the community will be tokenized. Think of it like crowdfunding for a project. More about how an IRO works can be found at https://docs.citadao.io/intro/how-iro-works/overview.

If an IRO is successful, the NFT representing the right to redeem the title deed would be minted. The NFT will be custodied in a smart contract and fractions of the smart contract, which are ERC-20 tokens or Real Estate tokens (RET), will be distributed to IRO participants. Holders of the RET own the right to buyout the other RET to claim the NFT and redeem the title deed. More on the buyout can be found at https://docs.citadao.io/intro/how-iro-works/buyouts.

Why CitaDAO?


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.

How does CitaDAO compare to other tokenization projects?





How are RET any different from REITS?




Tokenization Bridge



CitaDAO enables a 2 Way Tokenization bridge for IRL (in Real life) Real Estate. This allows for Real Estate assets to be conveniently brought on and off the blockchain.

The tokenization bridge works as such:
Landlords list their Real Estate on our platform through Introducing Real Estate On-chain (IRO). A successful IRO will tokenize the property and Real Estate Tokens (RET) will be distributed to the IRO participants, thereby bringing the Real Estate On-chain.
Any RET holder can buyout the RET of other RET holders. A successful buyout will allow the RET holder to claim the title deed of the Real Estate, making them the sole owner of the property, thereby taking the Real Estate Off-chain.

Tokenomics
CitaDAO Protocol & Tokenomics

Token Address: 0x3541A5C1b04AdABA0B83F161747815cd7B1516bC
Token Supply: KNIGHT tokens will have a hard cap of 10,000,000,000 tokens (10B).
Token Issuance Allocations:
 Liquidity Incentives: 38%
 Community Projects: 15%
 Foundation: 14% towards Future Community Contributors
 Landmark Real Estate Supply Rebates: 10%
 Airdrop for Active DeFi Community: 2%
Early Team Contributors and Advisors: 15%
Ecosystem Supporters: 6%




Vesting Schedule
The Ecosystem Supporters' and Early Team Contributors' KNIGHT tokens will be vested according to the following:
Tokens from the first strategic rounds to the Ecosystem Supporters will be vested linearly monthly over 12-months after a 6-months cliff from the TGE.
I.e. Tokens will be fully vested on the 18th month from the TGE.
The Early Team Contributors' and Advisors' tokens will be vested over 48-months linearly with a 12-months lock from the TGE.
I.e. 25% of the tokens will be vested on the 12th month from the TGE and will be fully vested on the 48th month from the TGE.

The CitaDAO protocol makes use of two different token types:
KNIGHT Token Use Cases:
1. Governance —  KNIGHT tokens can be staked to vote on important decisions such as new platform features, community development, and more. As a Decentralized Autonomous Organization (DAO), CitaDAO is highly dependent on KNIGHT token holders to guide the project into the future.
2. Real Estate Ownership — 2% of all Real Estate listed via CitaDAO platform will be owned by the DAO itself. Owning KNIGHT is a simple way to gain broad and diversified exposure to Real Estate on-chain.

Real Estate Token Use Cases:
1. Sell RET immediately & earn USDC rewards from IRO
2. Hold RET and let it accrue in value from a rising floor price and the rental yield of the underlying real estate.
RET could be paired up with USDC rewards and deposited into liquidity pools to mine the CitaDAO Knight Token. CitaDAO is proud to be the first launch partner for xToken’s upcoming liquidity incentivization platform, this will ensure a reliable and secure source of liquidity for RET on AMM, called xToken Terminal.
3. WIP: Use RET as collateral to mint other tokens in order for the RET lending pools to be set up, CitaDAO has integrated Chainlink to provide reliable Real Estate valuation data feeds to the DeFi ecosystem. Use RET for Index Funds, Futures and other Primitives.
4. Exercise your right as an RET holder to buyout other RET holders and claim the title deed to the underlying property.




Roadmap



CitaDAO has a strong pipeline for further IROs to take place in 2022 following its Proof of Concept. By running IROs and offering tokenized Real Estate in multiple countries around the world CitaDAO intends to create a global portfolio of physical properties that is interoperable within the Ethereum ecosystem.

CitaDAO Quality Properties in Queue



Partnerships



CitaDAO has formed strategic partnerships with various esteemed partners. With the oracle powered by Chainlink on price feeds for Real Estate, DeFi activities such as tokenized Real Estate used as collateral for permissionless loans on-chain will be a Reality. Partnership with xToken Terminal will bring a game-changer for all the yield farmers out there looking to farm on CitaDAO. We are glad to have BanklessDAO as our partner in building up the next breakthrough in the DeFi space sharing the same vision of bringing 1 billion people onboard. Last but not least, MEXC will be our first CEX listing.

Bonus
Find out how to maximize your yield with CitaDAO below.







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