I understand that one of the functions of LandDAO is to build a global portfolio and tokenize it as a real world asset (RWA).
My question is this;
a) In a situation where there are land dispute as a result of land grabbing in rural areas how does LandDAO step in to address the situation knowing that land issues in rural areas are difficult to handle.
b) What role does LandDAO play in making sure that the rural communities where they buy lands and tokenize them are well developed to attract big investors.
I am curious to know because going through the achievement of this project I am interested to be one of the future investors.
a) LandDAO only purchases lands that have clear land title/deeds. Our due dilige DAO sub-committee with the help of local experts run due diligence on each land before acquisition
b) The Acquisition Sub-DAO Committee does extensive research before proposing a location to purchase. Only location that fulfill certain criteria are considered"
Wow, I think am just hearing about this for the very first time, but if this is actually possible then truly technology is a bitch.
Then talking about this project, am just curious, I know of some areas that are not allowed to be own by foreigner in my country, because to them it's more of passing that land from generation to generation, it's not about the money when such property is being mentioned, so I want to ask, if landDao want to acquire such property for their clients and they had a pushback from the host community or the individual in charge of the land, how will they go about it?
LandDAO only acquires lands that are transferrable without legal encumbrances
I think this is getting very clear to me, with what I understand landdao as firm or organization are not really concentrating on acquiring this land in urban areas but rather acquiring it in rurals areas and tokenizing it with the help of Blockchain technology as such solidifying a strong agreement with the interested investors for authenticity and good record, in that case it is a welcome development, I think this is a first of it kind that I have seen.
How do you guys tend to achieve this great plan, because anything involving real estate or versed land for agricultural purpose has to be done with carefulness during land acquisition to avoid getting into the wrong hand at the early stage and we know what it means when such happens.
The DAO is executing its roadmap in stages. Goal is to first run pilots in Portugal and Ghana and launch LandDAO 1.0
Going through the landDAO platform, I understand that landDAO helps people acquire virtual land and also sell their land.
I want to know if, in landDAO, only those who are financially stable can buy land or if they also help those with low income to buy land.
I also understand that multiple people can own the same land. Will sharing land involve people who are familiar with each other or people who are not familiar with each other, and does the platform help in managing the land for them?
No. Lands on LandDAO are real lands. LandDAO deals only with asset backed land NFTs. Each land NFT on LandDAO will represent a real standard size plot of land in a given NFT land collection.
All lands on LandDAO are backed by real-world asset. LandDAO is using NFTs to bring land on-chain"
I don’t remember seeing a project that buys physical lands but I’ve seen projects where people can own lands in the cyber space and upon seeing what the LandDao offers, I truly see it as a great opportunity for someone to own a physical asset while earning from the digital return.
Now I would also want to know the possibilities of me owning and wanting to see this physical property and my portion in real life if I get to purchase the digital portion and maybe, if I have someone who is interested to buy the physical property and not the digital one, is there any possibility to that?
Yes. LandDAO plans to introduce a “physical possession module” where buyers can visit or even take physical possession of their land if certain conditions are met
After going through your educational materials on YouTube, and in your website, I find your project quite interesting. But I have questions and I will like more clarity on them.
1. Are you focusing on buying lands in the urban areas alone or in the rural areas alone or both?
2. Before buying lands from individuals or group of individuals, will your team come down to the local communities were the lands are situated, to determine if truly the lands exist and it's in same position that the seller said it is?
1. LandDAO mainly focuses on buying large parcels of land, wherever they may be, in rural or urban areas.
2. Yes. LandDAO’s team visits the location physically and works with local landowners, traditional leaders, and experts to confirm the land’s condition, location, and legal status before making any purchase."
Going through the landDAO platform, I understand that landDAO helps people acquire virtual land and also sell their land.
I want to know if, in landDAO, only those who are financially stable can buy land or if they also help those with low income to buy land.
I also understand that multiple people can own the same land. Will sharing land involve people who are familiar with each other or people who are not familiar with each other, and does the platform help in managing the land for them?
I was having same thought as to know if it’s also possible for more than one person to own a particular portion of land because from what LandDao described, it stated that, a parcel of land will be divided into portions and people can buy in portions, so I was curious to know if more than one person can buy just one portion and how do they intend managing these in case one person decides to sell off their share of a particular portion?
Secondly, will people also be limited to the quality of land they will be buying at a given period of time? Because there are possibilities that, people might be too interested in the project that, there might not be enough available and accessible land for these people to buy at a given time, what do you guys intend doing at that point in time?
I have a physical land I want to sell at the moment, over 20 plots of 100by50 square meters, what’s the processes for selling and how do you go about your buying of the physical asset that’s if you’ve extended to Nigeria.
a) On LandDAO, each asset-banked land NFT in an NFT collection represents a specific standard plot of land in a specific location. This NFT/land only belongs to a single individual ( crypto address) just like with any normal NFT
No, LandDAO does not offer fractionalized lands (many people/addresses owning one NFT)
b) Acquire more lands in those locations
c) That is great news. Follow this guide and submit details about the land:
https://landdao.io/blog/?p=1152 ...The regulation of real world assets are crucial to enhance continuous adoption and relinquish the attempt of fake tokenizations that are not available on the blockchain. Their has been records of fake devs and team claiming to have tokens that are integrated to real world assets making it looks real with so many promises for investors when such tokenization does not exist or have insufficient data to prove the existence on the blockchain.
I am looking forward to learn more about LandDAO and how the team intend to award the community especially for the early investors.
hopefully we will get answers from LandDao Team about this
if somebody can't wait i advise to use official Discord channel to talk there with Team directly
here Discord official LandDao server invite link:
https:/[Suspicious link removed]/IrpnJoLzwj
I’ve said this before and I’ll say it again. If you’re aiming to have a substantial number of people engaged in LandDAO, I strongly suggest you start a telegram channel! Discord ain’t really popping like that! Plus, the interface feels kinda tacky. Get this message to the team ASAP! This project has way too much potential for the reach to be this limited. I hope you see this message this time round. And oh, when is the actual launch of LandDAO? Or is it already launched?
You're absolutely right! Starting a Telegram channel should be encouraged because it can significantly boost engagement for LandDAO. Discord should also be supported, as I’ve seen projects with thriving Discord communities. Your point about utilizing both platforms is crucial. As for the launch of LandDAO, I’ll make sure to check whether it has already launched or if there’s a set date!
I see nothing wrong with LandDAO using Discord as their major community where users can communicate effectively. The team having community also on telegram is good but I don't think there is any need for that since the discord community has channels for different purposes. I am anticipating more updates from the team on the aspects of tokenization of lands and how investors can be part of this project maximizing land resources.
When you talk about real estate in some areas it does not really sound to them like it's something realistic probably because of life experience or level of exposure but talking about tokenization in LandDao to me it's captivating and it's a center point of attraction because interestingly one can actually achieve his dreams at ease.
My question here What modalities have been put in place to be able to communicate this exciting offer LandDao has to the typical people with less exposure and knowledge of what LandDao is all about and what it offers and how they can utilize the opportunities provided by the system.
The buying and selling of profits from the tokenized land assets on the LandDao market place is another exciting offer that comes with LandDao thereby making one to be able to earn a passive income even through leasing land for agricultural purposes
Good point. The marketing sub-DAO committee is working on the Go-to-Market marketing concept at the moment
1. Are you focusing on buying lands in the urban areas alone or in the rural areas alone or both?
This is really an interesting question and I will be looking up to what the representative of landDao is going to say about this.
2. Before buying lands from individuals or group of individuals, will your team come down to the local communities were the lands are situated, to determine if truly the lands exist and it's in same position that the seller said it is?
This is another aspect that really needs to be in forced, because a geographical region like Africa, it's very common that someone might sells you a land today which is not his, tomorrow when you come to either resell it or make used of it, you will start having problems because a different person altogether will now be claiming ownership of the land, saying that he never sold his or her land to anyone, talkless of a foreigner.
So enough vetting or verification process really needs to be done in the host communities before payment is being made, because once money is being payed to the wrong person, that money is gone.
1) both
2) Yes, that is a must. Our land acquisition sub-committee has already spent last 18 months visiting many places in Portugal, Ghana, Namibia, Spain, Kenya, Uganda and South Africa.
That is right. Double land selling and land disputes is common in under-developed and emerging countries
As someone who wants to invest in Real Estate in the future i feel more secured investing in tokenized land. Although i keep asking my self one thing, has LandDao explored any partnerships with legal real estate firms in each of the countries they operate? I am also curious about the legal frameworks backing the tokenized land. What jurisdictions are they operating in the country, and how are ownership rights protected across borders apart from smart contracts? In case of community dispute, which legal body takes things in control. I know the blockchain side is settle but let us be realistic, most land especially in African rural area are bound with long term family dispute in case of things like that arises what will be the subtle approach for LandDao to ensure everything goes secured? This information will really be helpful for an investor like me.
Yes. The Acquisition Sub-DAO Committee hires local lawyers and land surveyors to run due diligence and also register each land it acquires. Lands are all owed by the LandDAO legal entity
Going through the landDAO platform, I understand that landDAO helps people acquire virtual land and also sell their land.
I want to know if, in landDAO, only those who are financially stable can buy land or if they also help those with low income to buy land.
I also understand that multiple people can own the same land. Will sharing land involve people who are familiar with each other or people who are not familiar with each other, and does the platform help in managing the land for them?
I was having same thought as to know if it’s also possible for more than one person to own a particular portion of land because from what LandDao described, it stated that, a parcel of land will be divided into portions and people can buy in portions, so I was curious to know if more than one person can buy just one portion and how do they intend managing these in case one person decides to sell off their share of a particular portion?
Yes, some persons can share a parcel of land, but what I don't know is if I want to share a parcel of land, whether it will be between me and a friend, someone related to me, or if they pair people together even when you don't have anybody to share land with you.
I think this is becoming more interesting to learn about LandDAO. What is the agreement like when one is buying or selling land from LandDAO? Will there be a third party for protection or rights to this asset, or will that not be necessary? This would mean there won't be disagreements between the client and LandDAO in the future.
LandDAO uses smart contracts to ensure secure and verified ownership. LandDAO serves as the trusted intermediary managing land-backed NFTs, ensuring buyer protection.
Of course I understand the need to cut cost of land acquisition in direct location and perhaps LandDao wants to facilitate the process of investment on land, I really see the necessity, and payment across the international bodies might be a stress for investors and tokenizing the asset is paramount. which is why I see a difference in LandDao RWA intentions.
However, land tenure system in every countries varies, if an investor investments in this Real world asset tokenized land acquisition how sure are we that the governing body of the country will not confiscate the investment because they want to use it? and what assurance do we have if it occurs that will be getting another land or rewards or return this bothered me a lot while reading through the papers of LandDao.
LandDAO only operates in legally stable jurisdictions and avoids countries with land confiscation risks.
Going through the landDAO platform, I understand that landDAO helps people acquire virtual land and also sell their land.
I want to know if, in landDAO, only those who are financially stable can buy land or if they also help those with low income to buy land.
I also understand that multiple people can own the same land. Will sharing land involve people who are familiar with each other or people who are not familiar with each other, and does the platform help in managing the land for them?
I was having same thought as to know if it’s also possible for more than one person to own a particular portion of land because from what LandDao described, it stated that, a parcel of land will be divided into portions and people can buy in portions, so I was curious to know if more than one person can buy just one portion and how do they intend managing these in case one person decides to sell off their share of a particular portion?
Secondly, will people also be limited to the quality of land they will be buying at a given period of time? Because there are possibilities that, people might be too interested in the project that, there might not be enough available and accessible land for these people to buy at a given time, what do you guys intend doing at that point in time?
I have a physical land I want to sell at the moment, over 20 plots of 100by50 square meters, what’s the processes for selling and how do you go about your buying of the physical asset that’s if you’ve extended to Nigeria.
When they said people could buy in portions, I think they meant 1 person per amount of portions they need and not different people buying a particular portion of land, it makes no sense since it would bring dispute among buyers and even ruin the reputation of LandDao on the long run, the question should be, how many portions of land should be assigned to a particular buyer? Can one person buy only one or more than that? Also I believe that if someone decides to sell their land they'll have to go through LandDao which would stand as a third party or even though the person has someone has a buyer interested, the buyer would need to register with LandDao to be able to buy that particular land, well I might be wrong though but I believe the management would correct me if my statement doesn't seem right. Also, based on your second question I believe that the management would make it known to the public when there's an available land regardless of the quality.
- One person can buy as many land-backed NFTs as are available.
- Yes. To sell your land-backed NFT, you would use the LandDAO marketplace and supported marketplace once announced.
There are investors that don't have knowledge about Blockchain technology and as such will definitely find it difficult to invest in real estate tokenisation so i think if landao should put up a kind of means of advertising its company through different platforms by educating different potential investors about the risk that is involved and also how there asset is save with landao .This will definitely help the company alot.
finally,landao as a real estate tokenisation company from what i have seen so far, It is possible for low income earner to invest in landao and the company is unique in terms of how they tokenize real estate and making it accessible to investors.
Yea you're right but that'll be at first, one thing for sure is we learn from one day i believe with time such investors will incorporate and learn all the want to know about the said technology, buddy what you outlined is good more especially in underdeveloped world where landDAO has developed interest already, there are rich people in africa that would want to invest in the services rendered by landDAO but where they'll be having issue is the Blockchain technology itself which might be a setback for them, yea the initiative sounds great but we must have to workout some modalities on how to salvage this areas if they occurs, so @proty I agree with what you said on this there should be a kind of seminars or channels by which people can be enlightened on how this Blockchain technology works and the benefit of it's usage in this Real estate tokenization
I will want to ask this question since I may not recall if I notice or see it in the YouTube video watch how landDao operates and area they are targeting, my question can investors pay for this lands instrumentally or must it be a bulk payment to finish? This question is for landDAO team.
LandDAO currently does not support installment payments. As with most NFT purchases, land-backed NFTs must be purchased in full at the time of transaction.
