CitaDAO
CitaDAO brings real estate on chain by issuing property specific tokens that can be traded and are backed by an actual property. Additionally the $KNIGHT token is used to govern over DAO and treasury.
Categories:
DeFi
web3
Updated:
2023-04-03
Tags:
On-Chain Real Estate
Ticker:
KNIGHT
Token Strength.
Token Utility:
$KNIGHT Governance: CitaDAO's native token KNIGHT is used for voting and governance in the platform's decision-making process. Real Estate Ownership: CitaDAO plans to allocate 2% of all listed real estate properties to the DAO itself, allowing token holders to gain diversified exposure to the real estate market on-chain. Holding KNIGHT will give token holders a stake in this ownership.
Demand Driver:
Real Estate Investment vehicle: Investors who want exposure to the real estate market can buy $KNIGHT as a proxy for a collection of individual real estate tokens. Governance: Holders of $KNIGHT can participate in governance activities, such as proposing and voting on changes to the treasury, creating a demand for the token.
Value Creation:
The value created by CitaDAO lies in bringing real estate assets onto the blockchain through property-specific tokens, backed by actual property, allowing for efficient, transparent, and secure buying and selling. The $KNIGHT token governs the DAO and treasury, enabling decentralized decision-making and community ownership, promoting fairness and decentralization.
Value Capture:
Value accrual to token: The $KNIGHT token captures value through its governance of a treasury of real estate tokens, which flow in via a fee mechanism. As the DAO acquires more property tokens, the value of $KNIGHT may increase as demand for governance over a larger and more diverse real estate portfolio grows. Value accrual to the protocol: Cita DAO captures value by holding 2% of all property tokens in its treasury, allowing the protocol to benefit from the long-term value appreciation of real estate assets. This creates a unique opportunity for individuals to participate in a diversified real estate market through the Cita DAO protocol.
Business Model:
The business model for CitaDAO: Revenue comes from: Initial real estate offerings in the form of real estate tokens 2% of real estate tokens as a listing fee, denominated in RET tokens Buyout fees Revenue is denominated in: RET tokens Revenue goes to: Treasury collects listing fees and buyout fees The allocation of revenue is not specified.
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Protocol Analysis.
| Problems & Solutions | Problem: Traditional real estate investment is costly and complex, while fractional ownership requires a trusted third party. Solution: CitaDAO offers property-specific tokens on the blockchain, allowing for easy transferability and fractional ownership. The $KNIGHT token enables democratic decision-making and governance, ensuring efficiency and transparency. No trusted third party is needed. |
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| Predecessors | Propy - a blockchain-based platform for real estate transactions that enables the purchase of properties online using cryptocurrencies. RealT - a platform that allows users to invest in US real estate properties by purchasing fractional ownership in them using cryptocurrency. Harbor - a tokenization platform that helps businesses raise capital by digitizing real-world assets, including real estate, and issuing them as security tokens on the blockchain. |
Investment Take
... coming soon
Tokenomics Timeline.
2022-03-15
KNIGHT token launch
The CitaDAO token launches
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Ecosystem Users.
Resources.
Author.
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