Property ownership and dividend rights. The strategy of Unirealchain
Unirealchain is the story about the tokenization of properties, fractionalization of investments, and digitalization of projects.
Check our last articles where you can find any information about how we use the Defi, the CeFi, how we have integrated NFTs in our processes, how and why we have integrated a Swap inside our ecosystem.
Many people may argue about how they can be sure about what they are taking part in, if the projects about Real Estate are real and how they can be sure about this?
It is not allowed to say that an investment is safe and we are not going to create false illusions.
Our job is to make the business as more profitable as we can, since the more our users will gain, the more we will gain as well.
So, how are the real estate properties regulated by Unirealchain?
At first, we need to make some story-of-the-art about the tokenization of Real Estate properties. There are two main purposes why companies are tokenizing assets: sharing asset ownership and/or sharing asset profits.
If you are new to the concept of tokenization that difference may appear to be kind of weird, but there is a profitable abyss between them.
In particular, fractionalization of ownership does not necessarily imply the fact that an NFT owner would become part of a sort of multi-ownership house, where he can go for holidays and on other occasions. The propriety is not physical but financial and here comes the subtle difference.
In a multi-ownership house, every owner can deal with the others to have access to the house for a certain period of time during the year. Many houses at seaside areas were owned by multiple owners to share costs to purchase it and to maintain. Every owner could spend (for example) two weeks per year in this house. It’s a sort of shared long-term rental.
In the particular case of Unirealchain, the multi-ownership is only in financial terms. NFT owners of the same project will take part in the profit distribution and/or the rent that will come from the asset they own. Anyway, once a project will finish and the results will be presented to NFT holders, they will have the chance to vote about how to close the operation: liquidation and profit distribution, rental of the property and passive income paid through NFTs possession, partial sale (in case the NFT is referred to a block).
There will be many choices that will be directed towards the owners of the NFTs connected to the various projects.
That is why we state that Unirealchain gives the property owner. The NFT owner can take an active part in the Governance to decide what is the best solution in its opinion for the asset.
Why did we decide to go for financial ownership and not actual ownership of the asset?
Customers will be spread all across the world and managing actual ownership of a real estate asset could be really difficult to manage for us. Anyway, also our customers could figure strange financial situation with their respective local Financial Authorities, having some kind of rights on a remote house. In some cases, this activity could eventually be suspicious. Do you have in mind the “Breaking Bad” TV Series? Well, now you can figure out why we went for the only financial rights.
Our customers will take part in the voting process AND in the profit sharing.
How can all this become legally sustainable?
Well, we are not talking of security tokens. With security tokens, the token represents itself as an investment. With security tokens, there is an investment contract and a financial prospectus.
In this case, the scenario is quite different and easier. Even more transparent. Everything will be ruled out with smart contracts, which in the launch phase will be on BSC while after the Mainnet, they will be integrated into the proprietary blockchain.
Since we are not talking about actual ownership and we are just considering financial rights on the asset, we are just speaking about a potentially profitable business with no physical ownership of the asset, that can be around the world.
Smart contracts will manage NFTs offer, NFTs owners voting power, profit distribution, and so on. Everything will be managed through a smart contract, but what is more important, is transparency. All data from the onboarding of customers to the profit distribution will be published onto the platform. So people taking part in a specific NFT project will know every single detail about what they are taking part in, its evolution, and its conclusion (with potentially the results).
Which project may onboard customers in a more legal way than having 100% transparency on what’s happening?
Unirealchain has not only provided the correct infrastructure to provide such transparency but also the BREE (Board of Real Estate Experts) commission has been created to maximize the yield for the assets and related projects.
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