[ANN] LandDAO - Your Gateway to Tokenized Land Ownership

[Proty]

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I've also been wondering about the factors that might affect the pricing of the NFTs...

There are several factors that I believe can affect NFT price among which are , high cost can affect NFT price,.also the price of NFT can also be affected by demand. The right block chain and platform should be used, security is also another factor that can affect NFT there should be secure transaction without the investors incurring losses.These among others are factors that I believe can affect NFT.

[Wakate]

In that project, it was designed for land owners to list their land in the platform, this created a little problem for them as it was not possible to verify the true ownership of land on a global stage....

Verifying the right ownership of a land can be quite difficult especially when such land is located in a region where the local authorities do not have a well established system of registration of lands that can be verified online. Most rural areas are not well recognized and the system land allocation or sales is based on communication negotiated and agreements. Sometimes to make it legal, the chiefs or elders of the land would have to write a written agreement that would be signed by people involved.

The government or legal practitioners do not really have much influence in these local regions and the establishment of local courts that should have proceed land documentations and ownership are not well established.

[GiftedMAN]

Ok let me ask you, if you purchase a land legally in your locality, everything pertaining to ownership is transfered to you, the rest decisions is left for you wether to start developing the land or start using it for agriculture, so even if you decide to give it out for rent,  it's your business because it's now yours.

No need to ponder on this question because it's self explanatory, once you have completed your payments which is the thing that makes you the owner of the property, pending when your documents will be fully documented the land automatically becomes yours and you decide what you want to do with the land.

If you decide to start using it for agriculture I don't think LandDAO will stop you since you are now the sole owner of the property but it the agreement says you can only develop the land and not engage in any agricultural practices, then the investor must abide by the agreement.

[uchegod-21]

I have been able to do a little research and findings about the LandDao concepts and I think  that this project would also do perfectly well in tourist states and nations because of the constant traffic of foreign tourists, and locals who own properties there are the categories of people that would be of great benefits from these tourists  who rent their properties and spaces for their usage...

That's a very nice initiative. But we should also understand that acquiring land in these tourism areas would be very much expensive. LandDOA will prioritize areas that are not much crowded or overpriced for the sake of profitability. I know clients would want to buy land in areas that attracts foreigners. For example, a Christian will like to buy land in Jerusalem.

...Looking at the LandDOA concepts, if I  invest in buying a space via the smart contract, does it mean that I will also benefit from the proceeds of the physical or real world rentage of the property  irrespective of the location and real function or usage of the property? even when I already have the nft or token in my portfolio?

With my understanding of the project, if you buy land with LandDOA, you would own both the tokenized portfolio and the real land. They mentioned that they sell real asset and not visuals.

[mvdheuvel1983]

I just discovered that LandDAO also buys and holds lands to profit from the future price growth but my question is this,
a) apart from the company buying and holding lands to make profit from the future growth, are investors also allowed to buy and hold the lands they purchased from LandDAO to also benefit from the future growth?

b) If an investor is allowed to buy and hold their lands for future price growth, if they decide to sell the lands in future, what are the possibilities of LandDAO purchasing the lands back from the investor and paying him the current price growth?

c) If lands are bought and hold by LandDAO for future price growth, don't you think not developing the lands will affect development in the rural communities since one of the things that LandDAO does in a community where they are located is to develop the place to attract investors.

[Ivystar5]

Some communities are surrounded by water, and the only option is to fill up the area to enable people to build. As long as there is development and people are living in this area, it is not a stress for investors to come in.

At this point this is where I will have to speak, land related activities are not usually to be conducted without survey, hence I don't think there will be any problems if the land is in a water area as long as LandDao has it's surveyors done there work on how the water could react to a level, I don't even encourage the project to be taking to a level where the RWA asset will be acquired in a waterlog area because if found out it's definitely going to affect the investors and eventually lead to sell off the property in loss and hence no investor will like to be in lost not even me.

[Obari]

@LanDao, Thanks for taking out time to explain all of these to me and the land I’m saying in question is a very measurable land but not in a regular shape but there are preferences that might be given in terms of carving out regular portions if they are truly ready to buy.
I still wonder why Nigeria has been neglected in your first first phases because just as we know, Nigeria has been rated as the giant of Africa and one of the major commercial hub of Africa but I guess the choices are best known to the team.
How long do each phases have to last and are there stipulated target for each phases before moving to the next phase ?
Are there any specific date for the pre sales yet ?

[Lida93]

..Most of the urban cities we have today begun as rural areas. Development is not revolutionary in nature but evolutionary. And why would such a huge investment firm buy a land and not be able to protect it against intruders? Not at all.  

Exactly, the addition of blockchain technology to their project means that they'll offer a high level of security, investing in real estate with a normal agency that trust worthy and transparent seems safer lately, talk more if an agency like LandDao, anyways investing in urban areas would be much more costlier so more people would be attracted to investing on lands at a cheaper rate in underdeveloped areas.

Investment wise, it's more better to invest in under developed area than investing in already develop area because any land that has been developed area is closer to the peak of it potential than an under developed area that is full of potential on the longer run, so i am quite certain that LandDao will mostly be going for more rural area than urban areas, because the long term potential will be one of the deciding factor that may sway the decision making of not just LandDao but also potential investors.

[Zackz5000]

The right block chain and platform should be used, security is also another factor that can affect NFT there should be secure transaction without the investors incurring losses.

That makes sense, and I believe LandDAO will provide credible platforms for the sales of their asset if they don't own their own platform already, which I believe would guarantee the security of transactions  including P2P since we can't all be buying from LandDAO, buying from others who have already gotten tokenized land from LandDAO is also one of the way the company plans on making profit, and demand is definitely going to be a determinant of the pricing, high demands would mean even higher price and success for this project, let's just hope it doesn't get too expensive for us to buy.

[Joy- maker]

I read through this thread this evening I came to understand that Real World Assets (RWA) refer to physical or tangible assets that exist in the non-digital world, such as commodities, real estate, intellectual property and  fine art. That These assets are now been represented on blockchain networks using tokenisation, where ownership is encoded as digital tokens. if all This I said above is all about Real World Assets (RWA)  then it is a good project and a welcome development.

[Bushdark]

Yes, correct. LandDAO buys full parcels of land, and each parcel is represented by a single, indivisible NFT.

Thanks for the clarity! This is now understandable from the angle of how the worth of a land will be tokenized so individual buyers will know what they want and how much it worth.

- LandDAO prioritizes parcels that can be surveyed, registered, and tokenized cleanly...

This means the team buys lands in larger quantities, mostly lands that have genuine government documentations before tokenizing them so that individual investors can buy as much as they want in a form of non tangible token. At least this will help to eradicate any form of land dispute in the future and make the project more realistic and investors oriented.

[Agbamoni]

(..)
If you decide to start using it for agriculture I don't think LandDAO will stop you since you are now the sole owner of the property but it the agreement says you can only develop the land and not engage in any agricultural practices, then the investor must abide by the agreement.

I doubt that LandDao has that kind of option of purchasing a land but wont use it for your purpose.

This not something that should be deliberated much on. Once a land is bought, and every credentials and document is done. The land automatically belongs to the purchaser. Or is there anything that should be done?

[Gentle_Soul]

Am just curious to ask, in my location in the niger delta, Nigeria to be precise, most of the lands in the riverine areas are rivers, then it will later be sand filled before owner of the land start doing what ever thing they have in mind on the land, so I wish to ask, will landDao willing to go true such stress of sandfilling a riverine landed area  if they encounter such in the future, or they will turn down such opportunity, because to the best of my knowledge, lands like that are always of greater value due to the region it's located.
So will landDao willing to go through such stress or they will pass on, on such opportunity?

Personally if I find something interesting and I really appreciate its value and hom much of values can be derived from it then I don't mind go for it as long as it's worth it

My opinion on this is if they look at the land in a riverine area and become interested in it and discover that they need to go through some stress to make it what they really want or what can be appealing, then I think they should benefits that can be derived after all set and done

 I do not think that an investment done on land development can result to no profit at the end of day

[Joy- maker]

I carried out few research on landDAO and I came to understand that the landAO project  assure their customers direct buyer/seller process without any intermediaries. on like our normal local selling/buying of lands where you have to pay some unnecessary fees before you can sell  or  purchase a land, because most of the lands are not from direct seller/buyer but here come landAO to eliminate those intermediaries, allowing for better profit for sellers who want to sell their lands without been mandated to pay some certain fees before selling/buying of land can take place. one again nice to have you here landAO a very nice project.

[Promocodeudo]

I doubt that LandDao has that kind of option of purchasing a land but wont use it for your purpose.

I think we should also understand that there are lands that are purchased for residential building purposes and sometimes also these lands have a particular pattern of building architecture that should be built on them, the plans are given to them by the real estate company involved, I understand that once you've purchased land with landDAO or any other Real estate company with necessary documentation made and your documents of ownership handed over to you, the land in question becomes your own no doubt but we should know that in all, it all depends on the agreement between you and the company selling to you, if a well organized institution Real estate company sell landed property to you with a particular building approval and you go ahead to do otherwise, they have the right to take a legal action against you if they want to because you have already consented to the agreement and beside they have a copy of the document binding the agreement you guys made to that effect, unless it wasn't stipulated earlier, if it is then you must stick to the agreement and if you must even do otherwise you'll have to come back to them may be they could grant your request but that will be on a good arrangement between you guys on a new good documentation, I will also want the landDAO team to come in here, may be they could lay more emphasis on this and clarify it the way the operate when this kind of situation present itself.

[Futurexxx]

 I do not think that an investment done on land development can result to no profit at the end of day

Exactly, no investment done on land that will be a waste on the longer run, because in places like the riverine areas in the niger delta, opportunities are always there due to the fact that companies and major business are just coming into the area because it's an oil rich region, so all those rivers that are being sanddfill now might look very costly and expensive now, but in year to come when schools, hospital and most of this companies have establish fully, you as an individual will be very happy with yourself that you took the risk of investing so much on a river then, just to secure a land for yourself.

[Bushdark]

Due to my curiosity to know more about the LandDAO communit, the team and how judgement are made pertaining to land allocation and sellers perception by the team, I discovered that this project is mainly decentralized which means that it has no major team that are in charge of decision making. From what I've read in the LandDAO website, they only have team contributors that are contributing to the success of this project. We can see similar situation in Bitcoin network since it is decentralized. The contributors are just like the Bitcoin core developers that are responsible for decision making for the progress of the network.

[mvdheuvel1983]

I carried out few research on landDAO and I came to understand that the landAO project  assure their customers direct buyer/seller process without any intermediaries.

This is one of the most important things that LandDAO did to ensure that their investors don't end up spending more than expected in the hands of local land agents, they have a direct contact with their investors who wishes to purchase their landed properties unlike most of the real estate companies and local land dealers who go about allowing their customers to go through the stress of going through different people to pay for lands which may end up leading them to be scammed.

Having direct buyer and seller agreement and payment will not only make the whole process go smoothly it will also give the investors the eagerness to continue doing business with LandDAO knowing well that they will have no other expenses to pay when they purchase lands from them. I hope LandDAO doesn't involve land agents to their business in future because they have a way of destroying the relationship between companies and their clients with their dubious characters.

[Wakate]

Exactly, no investment done on land that will be a waste on the longer run, because in places like the riverine areas in the niger delta, opportunities are always there due to the fact that companies and major business are just coming into the area because it's an oil rich region, so all those rivers that are being sanddfill now might look very costly and expensive...

Land is one investment that has good tendencies of making you huge profits in the market especially when it's in a good area that has fast development structure. Since you are considering a land parcel in the Niger Delta region for the LandDAO team, are you sure that the land parcels are not owned and controlled by the government? I am just asking because your land parcel must pass some certain screening before it would be accepted by the team.

[MainIbem]

..This not something that should be deliberated much on. Once a land is bought, and every credentials and document is done. The land automatically belongs to the purchaser. Or is there anything that should be done?

I think LandDao would be selling their lands to customers for either real estate or agricultural purposes and once someone has bought a land from them the person automatically becomes the sole owner of the property and can decide whatever they want to use it for, I don't think that LandDao would act like a detector to customers else not much people would be willing to invest with them if they so so, if someone buys and land and is not ready to develope it, it's their choice to use it for agricultural purpose or lease it to a close friend or family for agricultural purpose, LandDao is just serving a third-party helping the real owner (their customers) secure their assets.