Undoubtedly, a lot of intermediaries exist in the property sector. Thus, buyers have to pay huge commissions and brokerage when they deal with third parties. However, a combination of blockchain technology and cryptocurrency will revamp the functioning of this booming industry. Are you an innovative entrepreneur? Commence real estate tokenization now.
What are the features of a Real Estate Tokenization Platform?
Offers section - A list of commercial, residential, agricultural, and industrial plots and properties for sale are listed in this section. Thus, buyers can see details about the market value of the property, amenities, and location.
Transaction management panel - A hassle-free experience is ensured for buyers and sellers. They can link their software wallets and process the transaction. Importantly, property dealers can also monitor the stages on a real-time basis. They can eliminate issues of cumbersome paperwork by digitizing all the documents.
Exchange listing section - A real estate tokenization platform will offer the benefits of fractional ownership to investors. Likewise, property owners can list tokens on Cryptocurrency Exchanges and Decentralized Finance (DeFi) platforms. Generally, these digital assets are backed up by the value of the property. Thus, investors get benefits like liquidity, round-the-clock trading of assets, and greater transparency.
Staking option - Property owners can attract investors by offering a staking mechanism. Prospective buyers can stake their native tokens and vote on important proposals. This helps them to influence the growth and development of the platform. They can do this after checking information about the Annual Percentage Yield (APY), staking period, and the expected duration.
Help Desk - Property buyers and sellers can resolve issues by contacting the help centre. They receive support for problems like the creation of listings, registration of accounts, listing and unlisting of properties, uploading of documents, management of offers, and processing of transactions.
Want to be the leader in Next-Gen technologies? Reach out to a white-label solution provider now for developing a real estate tokenization platform.