Tokenized Real Estate Projects
Breakdown of the tokenization process and various Launchpad methods
EleveX transforms real estate participation by utilizing blockchain technology to fractionalize real estate assets into ERC-1155 tokens. Every project listed on the EleveX platform, whether it's through launchpad or secondary trading, is tokenized, providing a unique and secure way to purchase into real estate.
How It Works
Tokenization and Launchpad
Each real estate project listed on EleveX launchpad undergoes a process through our minting engine, which converts the project into fractionalized tokens. This allows for more accessible buying opportunities, where ELVX token stakers can start with as little as $10, up to owning full project stakes.
Types of Launchpad Models
EleveX offers two distinct Launchpad models to accommodate different project statuses and user preferences:
Pre-purchased Property Funding Process
In this model, the project creator has already acquired the property before initiating the launchpad process. Backers who participate in this launchpad model will receive their fractionalized project tokens directly into their wallets upon confirmed participation. This ensures immediate ownership of the token shares.
Pledge for Property Purchase
This model is used when the project creator has not yet purchased the property. In this scenario, backers initially receive a project pledge tokens when they contribute to the funding. After the funding concludes and the property is purchased, these pledge tokens can be converted into project tokens claimable for holders. If the property purchase fails to materialize, owners are guaranteed a full refund of their purchase.
Property Smart Contract Details
The property token smart contract serves as the technological backbone of our blockchain-based real estate transactions. It incorporates comprehensive data about the property and its tokenization, providing transparency and trust in the funding process. Below are the key features included in the property token smart contract:
Corporate Resolutions Document
The corporate resolution is a legally binding document associated with the property token is embedded within the smart contract. A unique hash is embedded into the property token’s smart contract. This incorporation forms a verifiable and immutable link between the token and its corresponding legal document. The smart contract acts as the backbone of the token's traceability and legal grounding. For further details on the smart contract specifics, please visit our Smart Contract Details page.
Asset's Street Location
The specific street address of the property is recorded in the smart contract. This allows token holders and potential buyers to identify the exact location of the property, enhancing the transparency of the purchase.
Asset's Geo Coordinates
Beyond the street address, the geo-coordinates (latitude and longitude) of the property are also stored. This precise location data aids in mapping and analysis applications, offering an additional layer of detail about the property’s situation.
Real Estate Property's Valuation
The smart contract includes the latest valuation of the real estate property, which is crucial for assessing the worth. This valuation is typically determined by professional appraisers and updated periodically to reflect current market conditions.
Property Token Valuation
Similar to the real estate valuation, the valuation of the property token itself is also documented. This valuation reflects the current market worth of the tokens, influenced by the overall performance of the real estate market and specific buyers interest in the property.
Property Type
The type of property being tokenized is specified, whether it is Residential, Office, Leisure, Industrial, or another classification. Understanding the property type helps participants gauge the typical returns and risks associated with these different real estate categories.
Land Registry Data
Critical legal information about the property is encapsulated here, including data from the land registry such as the cadastral municipality, parcel number, ID number, and specifics about any building parts. This registry data is essential for verifying ownership and ensuring that all legal requirements are met for the property’s sale or lease.
The incorporation of these detailed features into the property token smart contract not only ensures a high level of transparency but also enhances the legal and financial security for buyers. By leveraging blockchain technology, these contracts guarantee that all pertinent information is readily available, immutable, and transparent, making real estate purchases more accessible and trustworthy.
Property Tokens Directory
The Property Token Directory Smart Contract acts as a centralized repository for all property tokens. It maintains a comprehensive list of token addresses, enabling users to verify the legitimacy of any property token they are considering for purchase. This directory is crucial for ensuring transparency and trust in the blockchain-based real estate market. By accessing this smart contract, users can also discover new property tokens, explore opportunities, and confirm that each token is registered and recognized within the system.
Exchange Integration
Project token holders also have access to the EleveX exchange, which offers additional flexibility for those looking to exit their venture before the project end date or simply trade their project tokens. A more detailed breakdown of trading features and functionalities is available on a dedicated page.
Through these approaches, EleveX is setting a new standard for real estate participation, making it simpler, more secure, and accessible to a broader audience than ever before.
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