As we can see that the technology is developing at the speed of light, two decades ago we did not know about mobile phones and now we have seen smartphones from keypads with a rate of rapid growth. We live in the era of cryptocurrency and blockchain. Over time, more and more people are adopting blockchain systems, larger companies are funding these systems, and new improvements and updates are coming to cryptocurrency. Having such a blockchain comes with great functionality!
Land and real estate have always been considered assets and good potential investments and nowadays cryptocurrency is also considered one of the best investments. Yes! Land Orc has launched an initiative to close the real estate financing gap through secured loans, thus aiming to define the future of the real estate and blockchain. Sounds interesting, doesn’t it? Let’s take a look at this in-depth!
What is a Land Orc?
LandOrc is a blockchain-enabled ecosystem that allows seamless movement of capital and collateral between investors, property developers and land title owners. It aims for the growth of the real estate industry through the lowest capital cost.
1. Conversion of land titles into non-fungible tokens (NFT) allow easy transaction monitoring and process to use them as collateral.
2. The Landing platform incorporates data from both spatial and unloaded data, including data connected to land location, in the neighbourhood and visuals via oracles integrated into the chain.
3. Use of Decentralized Financing Principles (CHF) The Holder of the Digital Assets may participate in global real estate projects with active returns and security of the Terrestrial Guarantee.
4. LABOUR uses an operational model involving special vehicles with objectives (SPV) domiciled in each of the operating markets. This ensures that the borrowing process and the management of guarantees take place within the legal framework of competence.
Investors should go into this as a large portion of digital asset owners is looking for long term returns, which is reflected in 99% of Ethereum wallets that are not invested in higher risk Defi transactions. Investors who have the opportunity to enter the global real estate industry from a single platform receive attractive deposit rewards and land as collateral. With all transactions on the Blockchain, owners of digital assets enjoy transparency and security.
Landowners should go into this as property developers are challenged in terms of capital pickup. The recent pandemic has put stronger pressure on banks and other conventional sources. Access to capital at a lower writing reward rate would reduce the cost of financing and increase profits. The blocking solution ensures that the funding process is safe and faster than conventional solutions.
Following are some measures taken LandOracle (LandOrc) for the protection and benefits of both investors and landowners.
1. Collect KYC Information
Identify and verify investor and landowners identities using blockchain-based identity solutions to ensure compliance with investment standards and also protects investors from fraud and scams. This is for the security of both parties.
Investors stake their crypto investment on platform projects with a target bet reward ratio and a fixed period. The investment is backed by higher value guarantees for greater safety.
3.LORC Stake Token
All stacking is done through LORC tokens purchased with digital assets in transactions. Profits after the investment period are credited to the investor’s portfolio in the form of LORC tokens. Loans received by properties The developers are done by Lorc tokens that are transferred from the owner’s portfolios of the digital asset to real estate developers. Property developers are converted to project financing.
4. Recording Property Building
Developers register the projects with a period of financing and estimated earnings and provide land guarantee details available against the loan.
NFT Earth transactions title allows to track the change of the owner or the implementation of the Onchain Guarantee. It ensures transparency and installation of property transactions.
Landor’s tech stack is built on the Ethereum blockchain, with three special tokens in action.
1. Land NFT Token (LandNFT)
Unusable token, based on Ethereum’s ERC721 standard. It represents a digital form of land ownership. LandNFT enables verified data storage and facilitates asset and collateral transactions through traceable movement between blockchain wallets.
2. LandOrc Token (LORC)
A utility token based on the ERC20 standard that provides digital asset owners with the means to bid on asset development projects available on the LandOrc platform. Use smart contracts to provide guaranteed staking rewards for a specified period and with an underlying land title guarantee available through NFT.
3. Land Management Token (LGOV)
LGOV enables members of the LandOrc ecosystem — real estate developers, lawyers, appraisers, digital asset owners and public partners to vote technology on important decisions on the platform. Distributed proportionally among members with specifically allocated voting rights and multi-signature portfolios for independent assessors and legal advisers, to ensure adequate oversight. A minimum voting threshold is required among all LGOV tokens issued to allow an asset development project to be available for staking on the form.
Initial Supply: 21 Million
In this 21 Million supply, 60 % is for investors and community, 15% is for the team, 10 % for ecosystems and referrals, 5 % for advisors, exchange & marketing each, 2% for research and foundation and 3% for bounty and airdrops.
The next LORC will be created based on the granting of LandNFT (resulting from the conversion of land ownership) on the LandOrc platform. This aims to ensure that the momentum of LORC is fundamentally supported by the assets guaranteed and directly linked to its use on the LandOrc platform. 45% of the newly mined LORC will be kept in the LandOrc platform to be used as a deposit bonus reward for holders of digital assets and used as a reserve to stabilize the value of the token for the Lathe orc Funding period if needed.
Proof of concept development
Incorporation of company in hiring procedure
Seed — capital and fundraising
Launch of Private financing round Beta Testing
A scale-up platform for security and use experience
Mint initial batch of 200 land title tokens
Marketing efforts on initial markets within Asia and Eastern Europe
Token sale and listing on multiple exchanges
Launch at least 20 property development projects
Scale-up marketing efforts in Africa
Launch interoperability on blockchain and scale-up operation in Latin America
Q2 — Q4 2022
Extend to markets across rest of world
Improve legal consensus protocol
To feature listing on more exchanges
The blockchain behind LandNFT that ensures the security of the property has potential for wider use beyond the simple digitization of land ownership. LandNFT can provide faster and more transparent vehicles and capacity for transactions such as the sale and purchase of assets. LandOrc aspires to be a super-platform consisting of a single point of Digital Contact Integration for land and/or real estate transactions as well as LandNFT authentication synchronization of properties (including digital signature to authenticating the transfer of ownership) with the corresponding database of the land registry. With this, LandOrc strives to transform and deliver more effective solutions to transactional, land management and legislative issues in the real industry, on a global scale. So with this, I conclude that LandOracles is something for the future and can bring innovations in real estate and also in blockchains.
For more information
Bounty Thread: https://bitcointalk.org/index.php?topic=5357376.0
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654