What is RealtyX: The Blockchain's First Property Tokenization?
democratizes community governance and tokenization in real estate investment
RealtyX is a Real World Asset (RWA) project built on the blockchain, designed to give global users access to the real estate market. Through tokenization investors can purchase shares in physical properties, without the need to own it in its entirety.
The significant cash requirement in the real estate investment business nowadays is one of the main obstacles, keeping most people out of the market globally. To buy real estate, a person needs a mortgage, sufficient funds, and steady income.
RealtyX uses a technique called “real estate tokenization” to solve this problem. This ground-breaking method makes real estate value sharing more accessible and inclusive while providing a means for everyone to profit from the real estate market.
RealtyX: What is it?
RealtyX is a pilot project that is still in its early stages of development. It provides a learning platform where members of the community can collaborate and discuss tokenizing real-world assets (RWAs) using decentralized autonomous organization (DAO) governance. At the moment, RealtyX concentrates on tokenizing properties, providing fresh opportunities to extract value from the liveliest real estate markets.
How is RealtyX operated?
RealtyX’s operational framework is a methodically organized procedure. This is how it operates: a trust secures each property interest, and the trust then grants RST governance tokens to a Special Purpose Decentralized Division (SPDD) that is specialized to a given property. As the operational arm, the RealtyX Foundation implements and oversees these tokenization projects on behalf of SPDD members, adhering to their directives.
The trust will receive any revenue generated by leasing from any property within the ecosystem. After that, it is up to the relevant SPDD to tell the RealtyX Foundation how to give the money to its members. It does this by facilitating a smooth transfer of value and returns from the asset to buyers of tokenized real estate.
An in-depth examination of the RealtyX tokenization procedure
Individual or institutional property owners start the process by choosing the portion of their property’s worth that they want to tokenize using the RealtyX platform. Members of the RealtyX Foundation are able to purchase the tokenized property units. These units are represented by RealtyX SPDD Tokens (RST), which are ERC-20 tokens that are presently only available on the Base network.presently only available on the Base network.
DAO members utilize stablecoins—currently USDC—as a means of payment to obtain these RST tokens. Holding RST tokens gives RealtyX ecosystem members governance powers, which let them to vote on issues pertaining to the tokenized real estate as a group.
Holders of RST tokens are DAO members and can vote on a variety of decisions. This covers things like paying the rent or funding extra features or services for the home and its surroundings.
What are the tokens in the RealtyX ecosystem?
Two different kinds of tokens are essential to the RealtyX ecosystem: ERC-20 tokens, also known as RST tokens, and ERC-721 tokens, also known as NFTs. In addition, stablecoins are used by the RealtyX platform to buy RST tokens.
RST tokens
The foundation of RealtyX’s property tokenization procedure is RST, short for RealtyX SPDD Tokens. They primarily grant rights related to governance for the tokenized object they represent. Holders of these tokens can participate actively in the decision-making process for their own property within the ecosystem by holding onto them and abiding by the rules and conditions set forth by the RealtyX Foundation.
These tokens also function as a receipt for the stablecoins that have been committed. They provide a means of making money off the land.
Launch Pass NFTs for RealtyX
A collection of 50,000 NFTs that are only accessible on the Base blockchain is called the RealtyX Launch Pass. A Launch Pass is required in order to enter the 10 ETH Raffle that will take place during RealtyX’s Pilot Launch.
Notably, the general public is not able to purchase the RealtyX Launch Pass. One can only be obtained by participating in exclusive events with our partners. So be sure to register for DappRadar’s airdrop event if you want to get a Launch Pass. Don’t pass up this chance!
These NFTs are more than just collections or tickets to prizes. Possessing them will improve your standing and get you first dibs on upcoming Genesis Card NFTs within the RealtyX DAO network.
Card RealtyX Genesis
Inside the RealtyX ecosystem, a Genesis Card is a premium membership status that grants access to future airdrops, purchasing discounts, and other special advantages.
RealtyX intends to provide specific DAO governance tokens soon, enabling community members to actively participate in governance and influence the platform.
As RealtyX launches, be ready for the limited-edition 10 ETH prize pool.
The much-anticipated launch of the RealtyX platform is approaching. The community will be eligible to receive the coveted Launch Pass NFTs through a series of partnered airdrops during the pilot launch, which will take place first.
This pass is more than simply a symbol, as previously stated; in addition to offering access to a sizable prize pool, it can also unlock gifts valued up to 10 ETH.
Follow RealtyX
Keep up to date with RealtyX! As we work together to transform the future of real-world assets, be sure to follow us on social media to receive all the most recent information, unique perspectives, and exciting prizes.
This post is solely meant to be informative. This material is not financial advice and should not be construed as such. Before making any financial decisions or investing, users are strongly recommended to do their own research and speak with personal financial experts. The material provided here is not meant to replace expert financial advice, and we disclaim all liability for any decisions made in response to the information.
