How it works
- Market set up requires the Property Owners to clear their property and get tokenization Registry Office ID to prevent double sales.
- Market owner mints Reference Token and Thread Token. Registry Office mints the Registry Office Token. These tokens are CNFT and are locked on seperate scripts.
- Then Home Sellers register and list their properties and the system immediately provides Tokens Fractionalization and minting feature for each posted property. Sellers can adjust total tokens and/or prices, then mint share tokens to their wallet addresses.
- Then property owners put groups of tokens on sale, allowing the public to purchase them anytime anywhere using Cardano wallet addresses.
- For every bought token the correct amount is sent to the seller address in an atomic way. This is done by the smart contract.
- Sellers can cancel sale, update sale or even buy back some of the tokens. This brings liquidity and flexibility.
- Bought property share tokens can be resold easily anytime and are verifiable onchain.
- The app has reports for market activities.
The diagrams below help explain the above deeper and one can check this video for how this works. Cardano Property Solutions Presentation Bernard Sibanda2024 12 28 23 00 GMT+2
