Real estate has long been considered a safe and long term investment, but historically this asset class has been inaccessible to the average person. Due to high down payments / maintenance costs, requirements to be an accredited investor, and a lack of knowledge on how to enter the space, the real estate industry has been limited to a small group of participants. Not to worry, CitaDAO is here to change that!
CitaDAO is a “DeFi ecosystem powered by real estate” which is democratizing real estate investing and releasing innovative products powered by blockchain technology. Think real estate crowdfunding like FundRise but with several key advantages.
Diversify Your Portfolio On-Chain
Real estate token as a superior alternative to other stablecoins (USDT/USDC) to generate intrinsic yield
Productive Yield Return Via Real World Assets
Earn yield for providing liquidity to real world assets without geographical limitations
Constant Liquidity for Real Estate
24/7 Automated Market Maker (AMM) providing liquidity to secondary real estate token trading
You might ask how this is different from legacy web2 real estate investment platforms such as FundRise? To answer that question we will turn to the FundRise website.
“ How does liquidity work at Fundrise?
While Fundrise should be viewed as a long-term investment, we understand that investors may want or need to prematurely liquidate (or "redeem") their shares. Accordingly, our investors may request to redeem shares at any time, although such redemption cannot be guaranteed — especially in times of economic uncertainty — and there may be costs associated with premature redemption.”
Redemption cannot be guaranteed and costs my be associated with premature redemption! In other words, liquidity is subject to the centralized choice of the few in control of these platforms and what happens to your money is their decision.
CitaDAO changes all of this by tokenizing real estate assets on a decentralized platform and enabling secondary real estate token trading to liquidate your holdings whenever you like. On top of this, users will be able to partake in the governance of the platform and vote on key decisions through ownership of the $KNIGHT token. There are two benefits associated with being a $KNIGHT token holder.
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, Citadao is highly dependent on $KNIGHT token holders to guide the project into the future.
Real Estate Ownership
Two percent 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.
CitaDAO has come a long way since inception and is currently going through its first Introducing Real Estate On-Chain (IRO), “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.”
If the IRO is a success and the threshold commitment is met, the real estate will be bought and the users who contributed will receive real estate tokens representing ownership of that asset plus interest for providing liquidity. If it fails and the threshold is not met users will receive their commitment back plus interest for providing liquidity to the IRO!
CitaDAO is opening its first IRO to buy a building in Cardiff, the capital city of Wales for $20.7 million (link to the property here) . The IRO is not yet open for investment but join the 5k+ CitaDAO Discord members now to follow along with the community and get updates on how to participate. Real Estate is an industry that has lacked technological innovation for many years but it seems that CitaDAO is starting to change that sentiment.
Whether you are interested in diversifying your portfolio, learning more about the tokenization of real world assets, or just real estate in general, CitaDAO is the community for you!
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