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Topic: [ANN][CITADAO] CITADAO AIRDROP AND GENESIS LAUNCH 🔥| DECENTRALISED REAL ESTATE (Read 882 times)

copper member
Activity: 37
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Successful 2nd IRO
CitaDAO is proud to announce that our 2nd IRO is a major success.



Address: 20 Sin Ming Lane, Midview City, Singapore
IRO value: $630,000 | IRO duration: 5 days | IRO Outcome: Success

Following the successful IRO, a legal transaction is required to occur before the Real Estate Tokens can be minted and made available for claiming. For the IRO participants, do stick around for our Discord announcement to claim your share of RET from your Dashboard. Before then, feel free to read our guide on claiming here.

Read more about our future plans here!

Thank you for your support in making this IRO a success. Join us at app.citadao.io!
copper member
Activity: 37
Merit: 0
2nd IRO
CitaDAO is back and we are delighted to announce that our next IRO will be launched on 19th May 2022, 00:00 UTC.



Address: 20 Sin Ming Lane, Midview City, Singapore
IRO value: $630,000 | IRO duration: 5 days

The property is a strata industrial space in the vibrant Midview City in Singapore. The property is a 1,356 sq ft net industrial space on the 2nd floor industrial building. The space is leased to a well capitalized non-profit organization with a gross rental yield of 4.1%. There is a high demand for the space due to its prime location and superb connectivity. The unit is located within Midview City, an integrated business hub situated in the central part of Singapore. The building is sited in over 552,000 square feet of land area. It is an eight story building and an exclusive 3 story terrace block. The development is well connected and has a plenty of amenities for its tenant which includes childcare, cafes, studios and gym.

Find out how to participate in the IRO here. Join us at app.citadao.io!
copper member
Activity: 37
Merit: 0
As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?

Hey, landlords will be required to undergo a KYC. This will ensure that they are the rightful owner of the property before they can list it on the CitaDAO platform. This would remove the fraud element of asset listings. It is possible that the landlord overprice or overvalue their Real Estate. However, it is up to the community to decide if the property gets tokenized. If there is insufficient interest in the property as the community feels that it is too overpriced, the asset will not get tokenized.
So here are lots of work to do, and also Collecting rental income, spending  operational cost, giving property management fee and so on, How would you ensure that all the process are going well? How would you ensure the  transparency?

Hey, each property will have a property manager assigned to it. The property manager will oversee the asset and provide a projection for rental yield. The calculation for the rental yield will include the income and costs that you have mentioned. In the case that the property manager underperforms significantly from their projections, they will be replaced. As for transparency, property managers will submit property management reports that will give insight to the asset's income as well as expenditure. Feel free to read more here.
copper member
Activity: 37
Merit: 0
How much time will it take from committing stable coin to receive the first reward? And if it doesn’t successful than how much it take to refund the coins?

Hi, each IRO will have a different duration and reward amount. The time of rewards distribution is dependent on the IRO duration as rewards are only distributed when a successful IRO ends. For our Genesis IRO, the IRO spanned across 10 days. USDC rewards would have been distributed at the end of the 10 days if it was a successful IRO.

If the IRO is unsuccessful, you can claim your Stablecoins once the IRO ends.
copper member
Activity: 37
Merit: 0
Is it for all countries, like many countries ban the crypto because of their low knowledge about it.
But the people of those citizen want to invest some good real estate, Are you allowing them to make the move?

Hey, as mentioned in our Docs, there is a waiver that you must affirm before you can use the CitaDAO platform. CitaDAO's legal structure is currently valid in only Commonwealth countries. However, we are looking to expand the platform beyond Commonwealth countries to access more crypto natives in the DeFi space and allow more landlords across the world to list their assets.
newbie
Activity: 28
Merit: 0
As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?

Hey, landlords will be required to undergo a KYC. This will ensure that they are the rightful owner of the property before they can list it on the CitaDAO platform. This would remove the fraud element of asset listings. It is possible that the landlord overprice or overvalue their Real Estate. However, it is up to the community to decide if the property gets tokenized. If there is insufficient interest in the property as the community feels that it is too overpriced, the asset will not get tokenized.
So here are lots of work to do, and also Collecting rental income, spending  operational cost, giving property management fee and so on, How would you ensure that all the process are going well? How would you ensure the  transparency?
newbie
Activity: 11
Merit: 0
How much time will it take from committing stable coin to receive the first reward? And if it doesn’t successful than how much it take to refund the coins?
newbie
Activity: 13
Merit: 0
Is it for all countries, like many countries ban the crypto because of their low knowledge about it.
But the people of those citizen want to invest some good real estate, Are you allowing them to make the move?
copper member
Activity: 37
Merit: 0
As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?

Hey, landlords will be required to undergo a KYC. This will ensure that they are the rightful owner of the property before they can list it on the CitaDAO platform. This would remove the fraud element of asset listings. It is possible that the landlord overprice or overvalue their Real Estate. However, it is up to the community to decide if the property gets tokenized. If there is insufficient interest in the property as the community feels that it is too overpriced, the asset will not get tokenized.
newbie
Activity: 27
Merit: 0
As we have seen that there are a lot of fraud out there, What if someone create hype and make any dump asset to tokenized . In that case what can be the prevention to avoid this kind of situation?
copper member
Activity: 37
Merit: 0
Who will audit the properties for the community? We need to know the value to make the properties to commit. Do you have any service like that?

Hey, any landlord in the community can list their commercial Real Estate on the CitaDAO platform. The only prerequisite is that they pass the KYC and AML checks to ensure that they are the rightful owner of the property. The landlords will be the ones who price the property listing. The property will go through the IRO process to decide if it gets tokenized. If there is insufficient interest in the property, the property will not get tokenized, hence the landlord is incentivized to make sure that they price their asset at a fair value.

CitaDAO will not have any appraisal services for IRO listings. Only assets that have already been tokenized after a successful IRO will have Real Estate firms to value the property. Cheers!
copper member
Activity: 37
Merit: 0
If some Real estate doesn’t get sufficient commitment but gets very high amount of commitment, and also
it has the fulfill all the criteria then what will happened to that IRO? Do you have any fund to fulfill the gap and make it happen?

Hi, CitaDAO will not use any funds to fulfill any funding gaps. CitaDAO will operate as a DAO and have its own DAO treasury. There could however, be the case whereby members of the DAO propose and vote to use the treasury funds to commit to an IRO. If the vote is successful, the proposal will go through.

But other than that, CitaDAO will not be involved with funding any of the IROs. The success of an IRO will totally depend on the interest of the community. Hope that clears the air!
newbie
Activity: 23
Merit: 0
Who will audit the properties for the community? We need to know the value to make the properties to commit. Do you have any service like that?
newbie
Activity: 23
Merit: 0
If some Real estate doesn’t get sufficient commitment but gets very high amount of commitment, and also
it has the fulfill all the criteria then what will happened to that IRO? Do you have any fund to fulfill the gap and make it happen?
copper member
Activity: 37
Merit: 0
Many real estate have the great potentiality to become NFT, Do you ever think of that? In future can you launch it as a Nft marketplace also and people can have the favorite NFT real estate.

Hey, CitaDAO is a decentralized marketplace for on-chain Real Estate. Here is how we implement the use of NFTs in our platform:

A piece of commercial Real Estate is listed on our platform in the form of an IRO. The IRO is a process that determines if the real estate gets tokenized, find out more about that here. If the IRO is successful, the property gets tokenized. Now here is when an NFT (ERC721) gets minted. The NFT represents the rights to the SPV and hence, the title deed and underlying assets held by the SPV. Real Estate Tokens (ERC20 fractions) are minted and distributed to participants of the IRO.

As you can see, CitaDAO is just like a marketplace for Real Estate. We envision the marketplace to be filled with various tokenized Real Estate assets that DeFi users like you and I can ape into very conveniently!
newbie
Activity: 32
Merit: 0
Many real estate have the great potentiality to become NFT, Do you ever think of that? In future can you launch it as a Nft marketplace also and people can have the favorite NFT real estate.
copper member
Activity: 37
Merit: 0
Most of the time projects fall behind of their Roadmap, What are the current situation of Citadao? Do you achieve all the milestone as you stated on your Roadmap?

Hi, please refer to the updated Roadmap in the Roadmap section, the Roadmap in the infographic is outdated. We have just completed our Genesis IRO on the 18th March and that constitutes our Proof of Concept so we are on track! Despite the IRO not going through due to insufficient commitment, the team has learnt many valuable lessons and we have actually achieved our goal for the POC, which is to ensure that the IRO process is working and all is in order. We are preparing for a 2nd IRO, presumably to be launched next month. Do join our Discord and stayed tuned for updates!
newbie
Activity: 17
Merit: 0
Most of the time projects fall behind of their Roadmap, What are the current situation of Citadao? Do you achieve all the milestone as you stated on your Roadmap?
copper member
Activity: 37
Merit: 0
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.

Hey, the Real Estate Tokens will have a backing/floor price which is the price of the Real Estate in the real world. This means that the value of the RET can fluctuate but it will likely not fluctuate below the backing price. There may be the case where you trade for the RET at a premium and it drops to the backing price. However, we believe that just like Real Estate, in the long term, the RET will appreciate in value. Hope that helps!
copper member
Activity: 37
Merit: 0
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?

Hi. Nope, KNIGHT tokens are not stablecoins. They are the CitaDAO platform's native governance token that gives you the voting rights for decisions made with regards to the CitaDAO Treasury and Platform. We plan to introduce many more use cases for the KNIGHT token. The maximum supply is 10 Billion. Feel free to read more about our tokenomics here. Cheers!
copper member
Activity: 37
Merit: 0
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.
newbie
Activity: 25
Merit: 0
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.
newbie
Activity: 21
Merit: 0
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?
newbie
Activity: 30
Merit: 0
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.
copper member
Activity: 37
Merit: 0
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!
copper member
Activity: 37
Merit: 0
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!
copper member
Activity: 37
Merit: 0
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!
newbie
Activity: 32
Merit: 0
 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?
newbie
Activity: 4
Merit: 0
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?
newbie
Activity: 26
Merit: 0
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?
copper member
Activity: 37
Merit: 0
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.
newbie
Activity: 21
Merit: 0
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?
copper member
Activity: 37
Merit: 0
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!
newbie
Activity: 16
Merit: 0
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.
copper member
Activity: 37
Merit: 0
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!
newbie
Activity: 21
Merit: 0
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.
copper member
Activity: 37
Merit: 0
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!
newbie
Activity: 21
Merit: 0
With DeFi gaining popularity over the past years, the ecosystem needs alternative sources of sustainable yield generation, How would you maintain this in future?
newbie
Activity: 26
Merit: 0
 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?
newbie
Activity: 1
Merit: 0
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!
newbie
Activity: 2
Merit: 0
This project seems to be a curve like project just that it's backed by real estate stable coins.  I really like the idea of being able to bring a property off chain if someone wants to.
copper member
Activity: 37
Merit: 0
How can I join your aidrop?

Hey,

The Genesis IRO will end in 3 days. To make things more exciting, we have decided to extend the 50% rebate airdrop till the end of the IRO and there will be no upper limit to the amount of KNIGHT token you can earn from today Tuesday, March 15, 2022 8:00 AM at the price of $0.05/token

You need to contribute a minimum of $50,000 USDC in order to qualify for the airdrop and it will be claimable upon the successful completion of the IRO. In the event the IRO do not meet the softcap, the airdrop will be reduced to 10% (instead of 50% of your USDC contribution) and you will be able to claim back your full amount of USDC contribution.
The contribution amount is cumulative, i.e. if you contributed $25k during the first day of IRO, you only need to top up $25k USDC today in order to qualify for the full 50% rebate! Or if you contributed >$50k before today, all you need to do is to contribute additional $1 between now till the end of IRO to qualify!

Summary

1. You will get 50% of your USDC dollar contribution back in KNIGHT tokens with no CAP when you contribute from today Tuesday, March 15, 2022 8:00 AM with a minimum cumulative of $50,000 USDC
2. The 50% reward airdrop will be given out upon the successful completion of the IRO. If the IRO fails, the reward airdrop will be reduced to 10% of your USDC contribution and you will be able to claim back your full amount of USDC contribution.

This is our final sprint to meet the IRO soft cap. Please share the news with your friends and WAGMI!! Do join our Discord for updates!
jr. member
Activity: 56
Merit: 1
How can I join your aidrop?
copper member
Activity: 37
Merit: 0
Genesis IRO
CitaDAO recently launched its Genesis IRO on 8th March 2022 UTC 00:00 with the goal of buying a Bank building worth US$20,690,000.



Address: 56 Queen Street, Cardiff, CF10 2PX, UK
IRO value: $20,690,000 | IRO duration: 10 days | IRO reward: $1,000,000 | APY Floor: 176%

The Real Estate Listing features an extravagant heritage building valued at US$20,690,000. Participants who contribute their Stablecoin USDC to the IRO can expect a floor APY of 176% on their contribution. Moreover, eye-catching airdrops in the form of CitaDAO's governance token, KNIGHT, are being given to IRO participants. All these rewards come in addition to the Real Estate Tokens that participants will receive anyway if the IRO is successful.

Joel Lin, a contributor at CitaDAO remarked, "For the first time in history, crypto anons will be able to collect rents from rent-seekers. The first IRO for CitaDAO will be a building leased to TradFi in Wales. If we want to bring legitimacy to web3, this is our opportunity and Real Estate will play a crucial role, this is the way."



As of now, the commitment amount to the IRO has exceeded US$2 million and will end on 18th March 2022 UTC 00:00. Don't miss out on this amazing opportunity, join us at app.citadao.io!



What is the minimum Investment I can make?

Hi, the minimum USDC you can commit to the IRO is 1!
newbie
Activity: 20
Merit: 0
Genesis IRO
CitaDAO recently launched its Genesis IRO on 8th March 2022 UTC 00:00 with the goal of buying a Bank building worth US$20,690,000.

https://i.ibb.co/ssVmsV8/image.png

Address: 56 Queen Street, Cardiff, CF10 2PX, UK
IRO value: $20,690,000 | IRO duration: 10 days | IRO reward: $1,000,000 | APY Floor: 176%

The Real Estate Listing features an extravagant heritage building valued at US$20,690,000. Participants who contribute their Stablecoin USDC to the IRO can expect a floor APY of 176% on their contribution. Moreover, eye-catching airdrops in the form of CitaDAO's governance token, KNIGHT, are being given to IRO participants. All these rewards come in addition to the Real Estate Tokens that participants will receive anyway if the IRO is successful.

Joel Lin, a contributor at CitaDAO remarked, "For the first time in history, crypto anons will be able to collect rents from rent-seekers. The first IRO for CitaDAO will be a building leased to TradFi in Wales. If we want to bring legitimacy to web3, this is our opportunity and Real Estate will play a crucial role, this is the way."

https://i.ibb.co/cCb9sj0/image.png

As of now, the commitment amount to the IRO has exceeded US$2 million and will end on 18th March 2022 UTC 00:00. Don't miss out on this amazing opportunity, join us at app.citadao.io!



What is the minimum Investment I can make?
newbie
Activity: 67
Merit: 0
I believe Citadao is going to be proved as a significant, useful and important platform in future.best of luck team.
copper member
Activity: 37
Merit: 0
Project has very good potential. I want to know more about your project.I hope citadao will be a successful project.


Hi, do refer to the first post to find out more about CitaDAO. Feel free to ask any questions here or join our Discord where we have Weekly Project Calls!
jr. member
Activity: 58
Merit: 1
Project has very good potential. I want to know more about your project.I hope citadao will be a successful project.
copper member
Activity: 37
Merit: 0
Are you planning to list on any exchange soon?

Hey, as mentioned above, CitaDAO's governance token, KNIGHT, is listed on the Uniswap DEX. We have partnered with MEXC Global, a CEX, and will be listing KNIGHT there, the date is TBA.
newbie
Activity: 37
Merit: 0
Are you planning to list on any exchange soon?
copper member
Activity: 37
Merit: 0
When you are going to list in exchange?

Hey, CitaDAO's governance token, KNIGHT, is listed on the Uniswap DEX. We have partnered with MEXC Global, a CEX, and will be listing KNIGHT there, the date is TBA.
copper member
Activity: 37
Merit: 0
Citadao Seems really good project.How can I know more about your project. Can you send me your whitepaper link.Thanks

Hi, you can check out our Litepaper as well as our Documentation for more information on CitaDAO. Hope that helps!
newbie
Activity: 21
Merit: 0
When you are going to list in exchange?
jr. member
Activity: 45
Merit: 2
Citadao Seems really good project.How can I know more about your project. Can you send me your whitepaper link.Thanks
copper member
Activity: 37
Merit: 0
why there would be two prices for the same asset on chain and off chain? Don't you think there will be a problem if the same real estate have two price then the buyers and the sellers face problem to transact it?


Hi, as mentioned above we believe that with CitaDAO, there will be 2 different prices for the same piece of Real Estate: the price of Real Estate On-chain and Off-chain.

We believe that the value of Real Estate on-chain will be higher than value of the same Real Estate off-chain. This is simply because with CitaDAO, on-chain Real Estate has more use cases compared to off-chain Real Estate (similar to the iPhone App Store increasing the value of an iPhone because of multiple use cases provided by the App Store).

Real Estate Token holders will find that there is more that they can do with their RET compared to having the physical piece of Real Estate. Such examples would be pairing the RET with USDC to yield farm, taking out collateralized loans with RET, RET Index Funds, Futures and other Primitives. Because of these use cases that you would normally not have or have difficulty attaining in the real world, we believe that the RET will be worth more than the Real estate in the Real World since there would be greater demand for the RET.

As for your 2nd question, buyers and sellers will only be able to buy and sell RET via our Automated Market Maker. If a buyer wants to buyout the entire Real Estate, they will have to go through our buyout process This means that if anyone wants to buy the property, they will have to go through our platform where the price is based on the On-chain price. The Off-chain price simply acts as a floor price for the On-chain RET. Hope that answers your questions!
newbie
Activity: 32
Merit: 0
why there would be two prices for the same asset on chain and off chain? Don't you think there will be a problem if the same real estate have two price then the buyers and the sellers face problem to transact it?
copper member
Activity: 37
Merit: 0
Genesis IRO
CitaDAO recently launched its Genesis IRO on 8th March 2022 UTC 00:00 with the goal of buying a Bank building worth US$20,690,000.



Address: 56 Queen Street, Cardiff, CF10 2PX, UK
IRO value: $20,690,000 | IRO duration: 10 days | IRO reward: $1,000,000 | APY Floor: 176%

The Real Estate Listing features an extravagant heritage building valued at US$20,690,000. Participants who contribute their Stablecoin USDC to the IRO can expect a floor APY of 176% on their contribution. Moreover, eye-catching airdrops in the form of CitaDAO's governance token, KNIGHT, are being given to IRO participants. All these rewards come in addition to the Real Estate Tokens that participants will receive anyway if the IRO is successful.

Joel Lin, a contributor at CitaDAO remarked, "For the first time in history, crypto anons will be able to collect rents from rent-seekers. The first IRO for CitaDAO will be a building leased to TradFi in Wales. If we want to bring legitimacy to web3, this is our opportunity and Real Estate will play a crucial role, this is the way."



As of now, the commitment amount to the IRO has exceeded US$2 million and will end on 18th March 2022 UTC 00:00. Don't miss out on this amazing opportunity, join us at app.citadao.io!




Genesis IRO Update
CitaDAO is proud to announce that as of 11th March 2022 UTC 03:00, an approximate total of US$3,070,000 has been contributed.
We are 3 days in and our first ever Introducing Real Estate On-chain (IRO) is going strong!




To celebrate this amazing milestone, we will be extending our Community Airdrop to our Partner DAOs till the 14th of March 2022 UTC 00:00.
Contribute to our Genesis IRO and earn back 50% of your contribution in CitaDAO's governance tokens, KNIGHT.
(I.e. Contribute 1000 USDC and receive an airdrop of 500 USDC worth of KNIGHT tokens.)

Here are the details to the Community Airdrop:
1️⃣ Contribute to IRO at https://app.citadao.io/
2️⃣ Reply to this tweet and tag 2 friends in your response: https://twitter.com/citadao_io/status/1501428988110991363
3️⃣ Submit the twitter link of the reply in our Discord at our #genesis-iro channel by using the /twitter-submit command
4️⃣ Wait for the airdrop to be updated in https://claim.citadao.io/

If you have any questions, join us at our Discord!





If Any landlord get listed on Citadao then what kind of benefit they will get? Is there any chance it it can be 2or 3 times from tradition revenue?

Hi, Landlords have access to 1. Greater liquidity (according to DeFi Pulse, the DeFi space has a TVL of over $70 Billion)  2. Competitive fees (CitaDAO has a 2% Listing Fee) 3. Underwriting (Landlords can underwrite a fraction of their Real Estate and tokenize the rest). As for revenue, Landlords get to decide on the pricing of their Commercial Real Estate to be listed but whether or not the listing goes through is dependent on the demand from the Community.

Hope that answers your questions, find out more at our Docs!

[moderator's note: consecutive posts merged]
newbie
Activity: 28
Merit: 0
If Any landlord get listed on Citadao then what kind of benefit they will get? Is there any chance it it can be 2or 3 times from tradition revenue?
copper member
Activity: 37
Merit: 0
ok, so if i buy a fraction of a real estate then how will i get the profit, and which basis. Is this coming from the rent or after selling the property?

Hi, rental yield is used to buy and burn the Real Estate Tokens, driving the price up. Your yield can be realised by selling the RET when it is at a higher price.
copper member
Activity: 37
Merit: 0
Genesis IRO
CitaDAO recently launched its Genesis IRO on 8th March 2022 UTC 00:00 with the goal of buying a Bank building worth US$20,690,000.



Address: 56 Queen Street, Cardiff, CF10 2PX, UK
IRO value: $20,690,000 | IRO duration: 10 days | IRO reward: $1,000,000 | APY Floor: 176%

The Real Estate Listing features an extravagant heritage building valued at US$20,690,000. Participants who contribute their Stablecoin USDC to the IRO can expect a floor APY of 176% on their contribution. Moreover, eye-catching airdrops in the form of CitaDAO's governance token, KNIGHT, are being given to IRO participants. All these rewards come in addition to the Real Estate Tokens that participants will receive anyway if the IRO is successful.

Joel Lin, a contributor at CitaDAO remarked, "For the first time in history, crypto anons will be able to collect rents from rent-seekers. The first IRO for CitaDAO will be a building leased to TradFi in Wales. If we want to bring legitimacy to web3, this is our opportunity and Real Estate will play a crucial role, this is the way."



As of now, the commitment amount to the IRO has exceeded US$2 million and will end on 18th March 2022 UTC 00:00. Don't miss out on this amazing opportunity, join us at app.citadao.io!



newbie
Activity: 25
Merit: 0
ok, so if i buy a fraction of a real estate then how will i get the profit, and which basis. Is this coming from the rent or after selling the property?
copper member
Activity: 37
Merit: 0
We're proud to announce that we are launched. Our GENESIS Introducing Real Estate On-Chain (IRO) is currently live on app.citadao.io. You can earn USDC reward from participating in the Genesis IRO by committing USDC to the IRO.
newbie
Activity: 4
Merit: 0
how is this better than realT or Propy?
We have a different approach to the problem. Unlike past real estate tokenization attempts, we are taking a 100% DeFi approach that leverages composability with other projects in DeFi, allowing us to scale users and usecases rapidly.

An example include our partnership with XToken to provide concentrated liquidity on UniswapV3: https://twitter.com/xtokenmarket/status/1461716880713039872. The tokenized real estate can potentially be used as collateral for permission-less loans on-chain via our collaboration with Chainlink on price feeds for real estate: https://twitter.com/chainlink/status/1465814283938377729

ChainLink, I like. Not easy to get partnership with Chainlink   Cool
copper member
Activity: 37
Merit: 0
how is this better than realT or Propy?
We have a different approach to the problem. Unlike past real estate tokenization attempts, we are taking a 100% DeFi approach that leverages composability with other projects in DeFi, allowing us to scale users and usecases rapidly.

An example include our partnership with XToken to provide concentrated liquidity on UniswapV3: https://twitter.com/xtokenmarket/status/1461716880713039872. The tokenized real estate can potentially be used as collateral for permission-less loans on-chain via our collaboration with Chainlink on price feeds for real estate: https://twitter.com/chainlink/status/1465814283938377729
newbie
Activity: 4
Merit: 0
how is this better than realT or Propy?
newbie
Activity: 2
Merit: 0
Can't wait to participate in the IRO through InflationlessDAO to win the 100 million knight tokens rebate together ^_^
newbie
Activity: 4
Merit: 0
wow this is very interesting...

cannot wait longer to diversify into stable assets on chain. devs when launch ? are they doing something?
copper member
Activity: 37
Merit: 0
There have few similar project.What special do your products have?

We published our litepaper on our website: https://citadao.io. Feel free to join our discord community https://bit.ly/citadao if you have any questions on the litepaper. We'll be more than happy to answer them there.
full member
Activity: 1316
Merit: 105
The CitaDao team looks very professional and experienced in their respective fields, even though it only consists of 3 people.
However you have not linked your team information with their social media accounts, I hope you will link their social media account links soon, so we can confirm that what you say is true.
member
Activity: 1176
Merit: 14
What's CITADAO token address?
copper member
Activity: 37
Merit: 0






Introduction
About $140 trillion is locked up in Real Estate and does not earn any yield. At the same time, Real Estate is incredibly illiquid and is a highly inaccessible asset class to many with its high upfront capital costs. Therefore, CitaDAO aims to leverage on #DeFi to drive demands, unlock capital efficiency, lower the barrier to entry and increase the liquidity of Real Estate.


How will CitaDAO enhance the Real Estate Ecosystem?

CitaDAO offers a 2-way tokenization bridge between the Real World and the Blockchain. Any landlord within the Commonwealth jurisdiction can list their commercial Real Estate on the platform after ownership verification (KYC). If they pass the KYC, their property will get listed on CitaDAO and undergo a tokenization process called Introducing Real Estate On-Chain (IRO).

Introducing Real Estate On-chain (IRO) is 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. Think of it like crowdfunding for a project. More about how an IRO works can be found at https://docs.citadao.io/intro/how-iro-works/overview.




If an IRO is successful, the NFT representing the right to redeem the title deed would be minted. The NFT will be custodied in a smart contract and fractions of the smart contract, which are ERC-20 tokens or Real Estate tokens (RET), will be distributed to IRO participants. Holders of the RET own the right to buyout the other RET to claim the NFT and redeem the title deed. More on the buyout can be found at https://docs.citadao.io/intro/how-iro-works/buyouts.

Why CitaDAO?


With CitaDAO, there will be 2 different prices for the same piece of Real Estate: the price of Real Estate On-chain and Off-chain.

We believe that the value of Real Estate on-chain will be higher than value of the same Real Estate off-chain. This is simply because with CitaDAO, on-chain Real Estate has more use cases compared to off-chain Real Estate (similar to the iPhone App Store increasing the value of an iPhone because of multiple use cases provided by the App Store).

Real Estate Token holders will find that there is more that they can do with their RET compared to having the physical piece of Real Estate.


How does CitaDAO compare to other tokenization projects?





How are RET any different from REITS?




Tokenization Bridge



CitaDAO enables a 2 Way Tokenization bridge for IRL (in Real life) Real Estate. This allows for Real Estate assets to be conveniently brought on and off the blockchain.

The tokenization bridge works as such:
Landlords list their Real Estate on our platform through Introducing Real Estate On-chain (IRO). A successful IRO will tokenize the property and Real Estate Tokens (RET) will be distributed to the IRO participants, thereby bringing the Real Estate On-chain.
Any RET holder can buyout the RET of other RET holders. A successful buyout will allow the RET holder to claim the title deed of the Real Estate, making them the sole owner of the property, thereby taking the Real Estate Off-chain.


Tokenomics
CitaDAO Protocol & Tokenomics

Token Address: 0x3541A5C1b04AdABA0B83F161747815cd7B1516bC
Token Supply: KNIGHT tokens will have a hard cap of 10,000,000,000 tokens (10B).
Token Issuance Allocations:
 Liquidity Incentives: 38%
 Community Projects: 15%
 Foundation: 14% towards Future Community Contributors
 Landmark Real Estate Supply Rebates: 10%
 Airdrop for Active DeFi Community: 2%
Early Team Contributors and Advisors: 15%
Ecosystem Supporters: 6%




Vesting Schedule
The Ecosystem Supporters' and Early Team Contributors' KNIGHT tokens will be vested according to the following:
Tokens from the first strategic rounds to the Ecosystem Supporters will be vested linearly monthly over 12-months after a 6-months cliff from the TGE.
I.e. Tokens will be fully vested on the 18th month from the TGE.
The Early Team Contributors' and Advisors' tokens will be vested over 48-months linearly with a 12-months lock from the TGE.
I.e. 25% of the tokens will be vested on the 12th month from the TGE and will be fully vested on the 48th month from the TGE.


The CitaDAO protocol makes use of two different token types:
KNIGHT Token Use Cases:
1. 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 (DAO), CitaDAO is highly dependent on KNIGHT token holders to guide the project into the future.
2. Real Estate Ownership — 2% 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.

Real Estate Token Use Cases:
1. Sell RET immediately & earn USDC rewards from IRO
2. Hold RET and let it accrue in value from a rising floor price and the rental yield of the underlying real estate.
RET could be paired up with USDC rewards and deposited into liquidity pools to mine the CitaDAO Knight Token. CitaDAO is proud to be the first launch partner for xToken’s upcoming liquidity incentivization platform, this will ensure a reliable and secure source of liquidity for RET on AMM, called xToken Terminal.
3. WIP: Use RET as collateral to mint other tokens in order for the RET lending pools to be set up, CitaDAO has integrated Chainlink to provide reliable Real Estate valuation data feeds to the DeFi ecosystem. Use RET for Index Funds, Futures and other Primitives.
4. Exercise your right as an RET holder to buyout other RET holders and claim the title deed to the underlying property.




Roadmap



CitaDAO has a strong pipeline for further IROs to take place in 2022 following its Proof of Concept. By running IROs and offering tokenized Real Estate in multiple countries around the world CitaDAO intends to create a global portfolio of physical properties that is interoperable within the Ethereum ecosystem.

CitaDAO Quality Properties in Queue



Partnerships



CitaDAO has formed strategic partnerships with various esteemed partners. With the oracle powered by Chainlink on price feeds for Real Estate, DeFi activities such as tokenized Real Estate used as collateral for permissionless loans on-chain will be a Reality. Partnership with xToken Terminal will bring a game-changer for all the yield farmers out there looking to farm on CitaDAO. We are glad to have BanklessDAO as our partner in building up the next breakthrough in the DeFi space sharing the same vision of bringing 1 billion people onboard. Last but not least, MEXC will be our first CEX listing.

Bonus
Find out how to maximize your yield with CitaDAO below.







Join us in revolutionizing the Real Estate and DeFi world!


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