CitaDAO: the DeFi ecosystem driven by housing chains

CitaDAO uses Chainlink to collect chain-chain data to help build the DeFi ecosystem powered by real assets. Host Andy Boyan interviews Joel Lin of CitaDAO. Golden Finance recorded the discussion and the faculty understood what CitaDAO was doing and how Chainlink helped make it happen.

What is CitaDAO?

A project to secure DeFi income for agricultural farms around the world

The homes represent a $ 280 trillion market, but most are closed for nothing.

DeFi is used to stimulate demand and expand the capabilities of real estate.

I believe that housing will have two advantages in the future. Real estate value in the chain and real estate value outside the chain

Believe that the chain case is more valuable than the chain case, because the chain case has more users.

For example, the iPhone App Store increases the price of the iPhone as the number of app design users on the App Store increases.

Joel Lin: “As a result, real estate today is a natural heritage and the timing of the transition has been good. We believe this is the era of change, all strengths should be symbolized in the new world as it is today.

Properties like iPhone, CitaDAO like the App Store, Global Real Estate like any other DeFi project can use design to maximize the chain's real estate value.

Heritage tokens are in addition to crypto-based investments. Native tokens are volatile and inflation-stable coins, while corporate tokens are neutral, offering low value and anti-inflationary.

Changing the perception of housing

We are seeing that more and more people are looking for asset tokens to boost their investing and investing in real estate.

Currently, stablecoins are supported by fiat currency or various algorithms. It is assumed that future stability rooms could be secured by buildings.

CitaDAO Find Ways to Have Legal Real Estate Tokens Holders can now redeem their Basic Membership Proof into Real Estate Tokens.

This will also indicate the storage value of personal tokens. If the property value on the chain is lower than the value on the chain, the owner can benefit from buying real estate tokens, redeeming proof of ownership, and selling real estate in the real world.

Recent integration with Chainlink

In order to generate token home loans, CitaDAO will need Chainlink to provide proof of real estate value to the DeFi ecosystem.

One of the community projects, PropMarketCap, came up with the idea to conduct regular real-world channel assessments.

The team hires an inspection company to perform a monthly inspection of the property to make sure the price is correct and up to date.

Average price is given for Chainlink Pricing Loan Agreements.

How does CitaDAO work

CitaDAO provides two-way tokenization bridge for unlicensed lands

The platform allows owners to self-register articles to the channel by tracking KYC / AML credentials and membership certifications.

Participants may be asked to contract real estate for certain properties through a process called Real Estate On-Chain (IRO).

If the IRO is completed, the NFT representing the membership agreement is given and stored in the smart contract.

A portion of the ERC-20 tokens will be placed in the client's wallet. The company token can be redeemed on AMM.

CitaDAO seeks to publish AMM in Uniswap V3.

token model

Each IRO will be an independent entity from the designated platform.

CitaDAO sets up a 1: 1 ratio where the starting IRO value equals $ 1 for 1 ERC-20 token.

Q&R

CitaDAO focuses on certain types of housing.

Focus on the real estate market in the Commonwealth

CitaDAO version 2 extends to non-Commonwealth of Special Purpose Vehicle (SPV) developed in countries such as the Commonwealth.

How do you know if a good is real?

Before the IRO, the identification of members was carried out and the documents were signed by the legal society.

If there was sufficient commitment to the IRO, the change was made to the name of the new SPV.

The new SPV will keep the name of the act.

Token Real Estate members have access to SPVs and membership certificates.

Are landlords insured to claim income / rents?

Attach the applicant to the property contract.

The landlord did not collect the rent. When an owner receives a lease, the personal token is classified as a security token.

CitaDAO created a real estate token and legally declared that it is not a security token. Unsecured tokens open multiple times in terms of liquidity / list on more platforms.

The tenant will pay for the SPV account. SPV connects to cryptocurrency exchanges to buy and sell private tokens.

What to do with the rules?

The accommodation is unique. Each country, state and city has its own rules.

Initially focused only on the real estate sector and the expansion of CitaDAO.

Different types of property have different laws regarding land policy and development. Not having a house because it's too difficult

What does the procedure look like?

On January 7, 2022, CitaDAO will deliver 20 million units of electricity to chains.

The property is located on Queen Street, Cardiff, United Kingdom.

Rent now from the World's Leading Bank

Integration with Abracadabra Money and Cream Finance.

The second project is Hacker House in downtown London, which will be transformed into a cryptocurrency community.

In the second quarter of 2022, we will measure and make the platform available to all homeowners in public places.

We plan to expand AUM's platform to at least 4 billion by the third quarter of 2023.