[ANN][CITADAO] CITADAO AIRDROP AND GENESIS LAUNCH 🔥| DECENTRALISED REAL ESTATE - page 2.

Citadao.io

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Quote from: Osorto on March 18, 2022, 10:39:14 AM

In real world we get bank loan to invest or buy some real estate. whenever we get profit we can repay loans. But don’t think that on chain real estate will get any monetary support from the banks or financial institution.

Hey, we understand that banks will typically not give out loans to buy on-chain Real Estate. At CitaDAO, we get rid of the need to take out such loans through fractionalizing the on-chain Real Estate. This means that you no longer have to buy an entire asset but could instead get a fraction of it. This would allow for a lower upfront capital cost. Our IROs only require a minimum commitment amount of 1 USDC, meaning that you can commit however much you are comfortable with and still get Real Estate Tokens in the form of ERC20s.

Mcinroy

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Quote from: Citadao.io on March 17, 2022, 11:57:13 AM

Quote from: Jaskulski on March 17, 2022, 11:30:38 AM

Don’t you think Real Estate on chain will be worth more than real estate IRL and that will create a extra value which is not real? And thus at certain point there could be a loss.

Hey, we believe that Real Estate in the real world will act as a backing for Real Estate on-chain. This means that the value of Real Estate on-chain should not fall below the value of Real Estate in the real world and should in fact be more than it. As you rightly mentioned, there will be an extra value. We believe that the extra value will come from the use cases that Real Estate on-chain unlocks. This comes in the form of the Real Estate Tokens (RET) that IRO participants obtain which will have multiple use cases such as yield farming, taking out collateralized loans, Real Estate Indexes and other Primitives. These are use cases that you would not be able to find or have difficulty finding with Real Estate in the real world.

We believe that all these use cases will make Real Estate on-chain more valuable than Real Estate IRL, thus making the extra value 'real'. It is similar to how Ethereum derives its value from it being used for transactions and how Bitcoin derives its value from it being used as a store of funds. Hope this helps!

I agree with you what you have just said but If real estate Tokens that can be used multiple cases and like many tokens value goes down so this token also can go down. In that case without decreasing the real value there will be a little less value and this can be a serious loss because we expect that real estate will only give us profit only.

ZACHARIAA

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Quote from: Citadao.io on March 17, 2022, 10:47:20 PM

Quote from: Chappas on March 17, 2022, 09:31:11 PM

There are a lots of yield farming pools which are very profitable and the interest rate is quite high. What amount of interest could a person gets if he yield he’s money on it?

Hey, I believe you are referring to yield farming with our Real Estate Tokens (RET) and USDC. For that you would receive rewards in our governance token, KNIGHT. We are targeting an APY of ~20% for yield farmers and we believe this is a very lucrative and competitive APY. We believe in ensuring sustainable yield and this would entail a sustainable price and sustainable APY. If your underlying yield farming token freefalls in price even though APY is high, you are likely to be at a net loss. Similarly, if your yield farming token is stable/appreciates in price but APY is freefalling, you are likely to not gain as much yield.

At CitaDAO, Real Estate Tokens will have a fairly stable price that appreciates in the long term and our yield farms will have an APY that can sustain over a long period. Thank you for the question!

Didn't see in thread that your Governance token is KNIGHT, is it a stable coin? What would be the maximum supply of it?

Osorto

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In real world we get bank loan to invest or buy some real estate. whenever we get profit we can repay loans. But don’t think that on chain real estate will get any monetary support from the banks or financial institution.

Citadao.io

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Activity: 37

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Quote from: Chappas on March 17, 2022, 09:31:11 PM

There are a lots of yield farming pools which are very profitable and the interest rate is quite high. What amount of interest could a person gets if he yield he’s money on it?

Hey, I believe you are referring to yield farming with our Real Estate Tokens (RET) and USDC. For that you would receive rewards in our governance token, KNIGHT. We are targeting an APY of ~20% for yield farmers and we believe this is a very lucrative and competitive APY. We believe in ensuring sustainable yield and this would entail a sustainable price and sustainable APY. If your underlying yield farming token freefalls in price even though APY is high, you are likely to be at a net loss. Similarly, if your yield farming token is stable/appreciates in price but APY is freefalling, you are likely to not gain as much yield.

At CitaDAO, Real Estate Tokens will have a fairly stable price that appreciates in the long term and our yield farms will have an APY that can sustain over a long period. Thank you for the question!

Citadao.io

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Quote from: defieducator on March 17, 2022, 09:24:50 PM

Quote from: Citadao.io on March 16, 2022, 12:08:05 AM

Quote from: Eversly on March 15, 2022, 04:11:27 PM

When there are a lot of Blockchain why did you chose ethereum, What ethereum will bring in Citadao ?Or you will launch your own chain later?

Hey, we chose the Ethereum Network for our POC because of its deep liquidity and security. Commercial Real Estate Assets have high capital so we want to ensure that our Real Estate listings are on a chain that has deep enough liquidity to support this. At the same time, we understand that using the Ethereum Network comes with drawbacks (mainly being relatively high gas fees). Hence, our team is exploring launching a v2 on the Avalanche Network. Find out more here!

Ethereum is great, Avalanche may be second best smart contract chain.

can you tell more about how you are working with Avalanche? I see this post what does it mean

https://twitter.com/citadao_io/status/1499945090990559235

is it mean avalanche support citadao?

Hey, we are working with Avatar Avalanche, a crypto and blockchain investment firm, to support us in bringing properties onto the Avalanche Chain. They will be helping us in bringing CitaDAO's v2 to the Avalanche Network. As of now, our v2 is still a WIP. Our team has been preoccupied with our Genesis IRO and POC but we look forward to launching our v2!

Citadao.io

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Quote from: URDANETAN on March 17, 2022, 04:24:59 PM

As you mentioned that any landlord within the Commonwealth jurisdiction can list their commercial Real Estate on the platform after ownership verification (KYC). Will he be charged any fee to enlisted on CitaDAO?

Hi, yes. Landlords will be charged a 2% fee for listing their Commercial Assets. The 2% fees will be transferred to the CitaDAO Treasury. We believe that 2% is a very competitive fee when compared to fees in the real world. Landlords can benefit from this competitive fee, access to liquidity in the DeFi space (over US$70 Billion according to DeFi Pulse) and underwriting services. Cheers!

Chappas

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There are a lots of yield farming pools which are very profitable and the interest rate is quite high. What amount of interest could a person gets if he yield he’s money on it?

defieducator

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Quote from: Citadao.io on March 16, 2022, 12:08:05 AM

Quote from: Eversly on March 15, 2022, 04:11:27 PM

When there are a lot of Blockchain why did you chose ethereum, What ethereum will bring in Citadao ?Or you will launch your own chain later?

Hey, we chose the Ethereum Network for our POC because of its deep liquidity and security. Commercial Real Estate Assets have high capital so we want to ensure that our Real Estate listings are on a chain that has deep enough liquidity to support this. At the same time, we understand that using the Ethereum Network comes with drawbacks (mainly being relatively high gas fees). Hence, our team is exploring launching a v2 on the Avalanche Network. Find out more here!

Ethereum is great, Avalanche may be second best smart contract chain.

can you tell more about how you are working with Avalanche? I see this post what does it mean

https://twitter.com/citadao_io/status/1499945090990559235

is it mean avalanche support citadao?

URDANETAN

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As you mentioned that any landlord within the Commonwealth jurisdiction can list their commercial Real Estate on the platform after ownership verification (KYC). Will he be charged any fee to enlisted on CitaDAO?

Citadao.io

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Activity: 37

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Quote from: ramonee on March 17, 2022, 02:04:48 PM

As we see in traditional real estate it is tough to enter the market and also exist from it. Because real estate is high capital sector and you can’t sell it in any time. It will take some time to sell it in proper price. In block chain will it be the same?

Hey, yes, the lack of liquidity for Real Estate is a key challenge that CitaDAO aims to tackle. As what you've mentioned, Real Estate in the real world is highly illiquid. Buying and selling of Real Estate can take a long period of time, the duration ranging from weeks to months.

At CitaDAO we aim to provide 24/7 on-chain liquidity for Real Estate that we tokenized. This is achieved by the use of Automated Market Makers (AMMs) for our secondary exchange. These AMMs allow for 24/7 trading of Real Estate Tokens (RET) in a liquidity pool. This means that RET holders will be able to sell their RET anytime. At the same time, prospective RET holders are able to buy RET from our secondary exchange anytime as well.

ramonee

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As we see in traditional real estate it is tough to enter the market and also exist from it. Because real estate is high capital sector and you can’t sell it in any time. It will take some time to sell it in proper price. In block chain will it be the same?

Citadao.io

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Quote from: Jaskulski on March 17, 2022, 11:30:38 AM

Don’t you think Real Estate on chain will be worth more than real estate IRL and that will create a extra value which is not real? And thus at certain point there could be a loss.

Hey, we believe that Real Estate in the real world will act as a backing for Real Estate on-chain. This means that the value of Real Estate on-chain should not fall below the value of Real Estate in the real world and should in fact be more than it. As you rightly mentioned, there will be an extra value. We believe that the extra value will come from the use cases that Real Estate on-chain unlocks. This comes in the form of the Real Estate Tokens (RET) that IRO participants obtain which will have multiple use cases such as yield farming, taking out collateralized loans, Real Estate Indexes and other Primitives. These are use cases that you would not be able to find or have difficulty finding with Real Estate in the real world.

We believe that all these use cases will make Real Estate on-chain more valuable than Real Estate IRL, thus making the extra value 'real'. It is similar to how Ethereum derives its value from it being used for transactions and how Bitcoin derives its value from it being used as a store of funds. Hope this helps!

Jaskulski

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Don’t you think Real Estate on chain will be worth more than real estate IRL and that will create a extra value which is not real? And thus at certain point there could be a loss.

Citadao.io

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Quote from: Kopichechke on March 15, 2022, 04:52:34 PM

With DeFi gaining popularity over the past years, the ecosystem needs alternative sources of sustainable yield generation, How would you maintain this in future?

Hey, CitaDAO brings to you Real Estate Tokens (RET) which are minted when real world Real Estate gets tokenized. To achieve sustainable yields, it would mean to have a sustainable APY and a sustainable price. CitaDAO achieves both with our RET.

Sustainable price is achieved as RET are backed by Real Estate and hence, have a stable price that increases in the long term.

For sustainable APY, you could
1) Simply hold onto the RET as it accrues value from a rising floor price and appreciation from rental yield.
CitaDAO allows you to unlock more sources of sustainable yield.
2) You could collateralize your RET and take out a loan. Use that loan to farm for rewards.
3) You could provide liquidity by staking a RET-USDC pair into our yield farms and earn an APY.

Hope these help!

VIllabandu

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As crypto is a digital asset and in maximum cases it’s nothing but a number we see in the screen ,while real estate is real world thing and it’s one of the most profitable business model in the world. CitaDao chose a nice sector to capture. Watching the situation.

Citadao.io

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Activity: 37

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Quote from: Eversly on March 15, 2022, 04:11:27 PM

When there are a lot of Blockchain why did you chose ethereum, What ethereum will bring in Citadao ?Or you will launch your own chain later?

Hey, we chose the Ethereum Network for our POC because of its deep liquidity and security. Commercial Real Estate Assets have high capital so we want to ensure that our Real Estate listings are on a chain that has deep enough liquidity to support this. At the same time, we understand that using the Ethereum Network comes with drawbacks (mainly being relatively high gas fees). Hence, our team is exploring launching a v2 on the Avalanche Network. Find out more here!

Kopichechke

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With DeFi gaining popularity over the past years, the ecosystem needs alternative sources of sustainable yield generation, How would you maintain this in future?

Eversly

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Activity: 26

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When there are a lot of Blockchain why did you chose ethereum, What ethereum will bring in Citadao ?Or you will launch your own chain later?

martiantomooner

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I really like the aspect of this project that the treasury will be built up using real estate worldwide - its like the next level stable coin!

Topic: [ANN][CITADAO] CITADAO AIRDROP AND GENESIS LAUNCH 🔥| DECENTRALISED REAL ESTATE - page 2. (Read 888 times)