New York building is tokenized with Ethereum Stable Coin DAI

the Also in the area of real estate seems to be moving the Blockchain a lot lately. The decentralized organization MakerDAO and the New York Start-Up Factora token to authorize a property in Brooklyn. The goal is, the interest payments to the investors of the project on a decentralised basis by DAI.

Sebastian wood
28. February 2019BTC$3.865,34 1.61%Facebook Twitter LinkedIn xing mail

tokenized The New York-based company Factora in the borough of Brooklyn property. The company sees itself as a service provider that wants to improve financial infrastructures and optimize. The focus is the Convert real assets to the Blockchain values of tokens and their standardization. Factora has set the goal to allow for transparency and liquidity in all capital markets. Together with MakerDAO this should be implemented now in the real estate sector. MakerDAO is a decentralized organization, dedicated to the stabilization of the crypto-Economy. MakerDAO also the Initiator of the DAI, of the first decentralized stablecoins of Ethereum-a Blockchain is. DAI eliminates the volatility by an Autonomous System of smart contracts, specifically tailored to the market dynamics. DAI was established in 2017 successfully to the US Dollar. In Brooklyn will now be tokenized in joint cooperation a object with the name FACTOR-805. Investors will be rewarded in the future, depending on the desire in DAI or a classic Fiat.

project Overview – Why is DAI?

The buildings in the Washington Avenue 805 in Brooklyn has 37 residential units and additional retail space. FACTOR-805 is also just two blocks from the famous Brooklyn Botanical garden. Investors have a choice of payment option. It is up to you whether you want to provide your shares by DAI-payment, with classical Fiat money, or a Mix of both. The current monthly rate of return of the object is estimated to be around 13 per cent, and in either DAI or Fiat currency will be paid out. Investors expect a high demand. This is the result, according to Factora on the Central location of the property and the easy access to public transport. The sale of the residential units to be relatively moderate retail prices.

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According to Factora Stable Coins like DAI bridge the existing financial and crypto-markets, by using the same reference prices. Real estate buyers can stay in the digital sphere and at the same time, real assets online purchase. Stable Coins like DAI bring some important advantages of the Fiat currencies. Including the stability of the asset to the bound Fiat currency. The key advantages of crypto-currencies, such as the DAI, however, is the fast and secure Transfer of real assets. According to Factora, the Blockchain technology offers the decisive advantage over conventional systems.

Outlook

Meanwhile, the Stable Coins like DAI seem to be growing in popularity. Experts are of the opinion that the stability of crypto-currencies is crucial for the trade with Goods and services. With a high volatility, the risk that either the buyer or the seller loses due to the price fluctuation in a short period of time, a large part of their purchasing power. While in practice, the implementation of the Tokenization of real estate is rather a special case, is an increase in the number of projects, specialising in the tokenization of real estate, in the last two years. However, some in the year 2017 hyped ICO seem to be projects such as Atlant or Propylene in the sinking disappeared. Whether the future of the real estate industry lies in the tokenization of buildings via the Blockchain, we will show in the coming years.

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