Introduction
Real estate transactions are not easy, especially for everyday buyers, who have to rely on agents. The property buying process can be complex, time consuming, and difficult overall.A platform was finally created as a new method of changing the current market and it suggested the use of Blockchain technology as a starting point. Blockchain is considered to allow every individual to make transactions faster and easier.
Introducing LandOrc - Bridging the Real Estate Funding Gap through Collateral Loans
What is the LandOrc ?
LandOrc is the blockchain enabled ecosystem that allows seamless movement of capital and collateral between investors, property developers and land title owners.
Providing security, transparency and enabling the growth of the real estate industry through lower cost of capital. Converting land titles into Non Fungible Tokens (NFT) allows for ease of tracking transactions and the process of using them as a collateral. The LandOrc platform integrates data both on-chain and off-chain, including data linked to location, vicinity and visuals of the land via oracles integrated to the chain. Using the principles of Decentralized Finance (DeFi) Digital Asset Owner can participate in the global real estate projects with active returns and security of land based collateral.
Headquartered out of the United Arab Emirates and with technology and operations teams spread across multiple geographies.
LandOrc uses an operating model involving special purpose vehicles (SPV) domiciled within each of the operating markets. This ensures that the process of lending and managing collaterals are done within the legal framework of the jurisdiction.
The technology behind LandOrc
The LandOrc technology stack is built on top of the Ethereum blockchain, with three different tokens operating.
1. Land NFT Token (LandNFT):
- Non-Fungible Token, based on Ethereum's ERC-721 standard. This is a digital form of a land certificate. LandNFT enables verified data storage and facilitates property and collateral transactions through traceable movements across wallets on the blockchain.
2. LandOrc Tokens (LORC):
- Utility tokens based on the ERC20 standard provide Digital Asset Owners with the means to stake property development projects available on the LandOrc platform. Using smart contracts to provide guaranteed wagering rewards over a defined period and with guaranteed underlying land ownership available through NFT.
3. Land Governance Token (LGOV):
- LGOV enables members of the LandOrc ecosystem – property developers, lawyers, appraisers, Digital Asset owners and technology partners to vote on important decisions on the platform. Proportionately distributed across members with specially allocated voting rights and multi-signature wallets for independent appraisers and legal counsel, to ensure adequate oversight. The minimum tywhreshold vote among all issued LGOV tokens is required to allow property development projects to be available for stake on the platform. LandOrc - Bridging the Real Estate Funding Gap through Collateral Loans
What's in it for Investors?
Most Digital Asset Owners are looking for long term profits, reflected in 99% of Ethereum wallets that are not invested in high risk DeFi transactions. Investors have the opportunity to participate in the global real estate industry from a single platform earning attractive betting rewards while having the security of the land as collateral. With all transactions on the Blockchain, Digital Asset Owners benefit from transparency and security.
1. Collecting KYC Information:
- Identify and verify the identity of investors using blockchain-based identity solutions to ensure compliance with investment norms.
- Investors stake their crypto investments on projects on the platform with a target stake rate of reward and a fixed time period. Investments are secured by higher value collateral for greater security.
3. LORC token bet:
- All stacking is done through LORC tokens purchased using digital assets on exchanges. The return after the investment period is credited back to the investor's wallet by means of LORC tokens.
What's in it for the Land Owner?
Property developers are challenged when it comes to raising capital, especially those operating in geographies in exchange for high stakes. The recent pandemic has put greater pressure on banks and other conventional sources. Access to capital with lower stakes reward rates will reduce financing costs and increase profits. Blockchain-based solutions ensure that the financing process is secure and faster than conventional solutions.
1. Gather KYC Information:
- To identify and verify the identity of the land owner against KYC information recognized by the country where the land is located. Reduces the possibility of fraud and offers security to investors.
2. Register Property:
- Property developers list their projects with funding period and estimated profit. Provide details of available land collateral against loans.
3. LORC tokens:
- Loans received by property developers are through LORC Tokens which are transferred from the Digital Asset Owner's wallet to the property developer. Property developers convert to fiat to fund projects.
4. See NFT Transaction
- The NFT of land certificates allows tracking of changes in ownership or placement of collateral on-chain. Ensure transparency and ease of property transactions.
Roadmap
Planned launches are geared towards delivering certain milestones on an ongoing basis to maintain momentum
Meet Our Great Team
The team at LandOrc brings extensive experience across verticals and relevant industry expertise. The multinational team ensures diversity in approaches and ideas.
1. Damodharan V
Chief Executive Officer, Global Operations
2. Daniel
Advisory, Marketing
3. Greg Duffell
Advisor, Market Entry, SEA
4. Peng Yew (PY)
Advisor, Real Estate Industry
5. Manohara S
Chief Executive Officer, India operations
6. Jason LIM
Senior Data Analyst (Real Estate)
7. Suresh Naidu
Advisory, Innovation & Communication
8. Prakash Mathavan
Advisory, Financial Management
9. Sree Murthi
chief technology officer
10. Navonil Roy
Principal Advisor
11. Nick Low
Advisor, Technology
12. Herdette
Design & Developer
13. Ahmad
Animator
14. Andra Ann
project coordinator
15. Praveena Premakumar
Operations Senior Manager
https://www.linkedin.com/in/onlypraveena
16. Mirza Mahfuza
Project management
Join LandOrc:
- Website: https://landorc.io/
- Twitter; https://twitter.com/LandOrc1
- Telegram: https://t.me/landorc
- Facebook: https://www.facebook.com/LandOrc.io/
- Instagram: https://www.instagram.com/landorc.io/
- Reddit: https://www.reddit.com/r/LandOrc/
#LandOrc $LORC #DeFi #NFTs, #Realty #Property #Landtitle #staking
Author:
Forum Username: Irawan Suseno
Forum Profile link: https://bitcointalk.org/index.php?action=profile;u=2446225
Telegram Username: @irawansuseno
Erc-20 Wallet Address: 0x730bE732486ad03b3d044c5Ff121Dc8c8D78bE65
