CitaDAO Docs
  • Overview
    • Introduction
      • Why bring IRL property on-chain?
      • What sets apart CitaDAO from past tokenization projects?
      • Who is CitaDAO for?
    • FAQ
      • FAQ (Listing Properties)
      • FAQ (Real Estate Tokens)
      • FAQ (Legal)
      • FAQ (Operations)
    • Roadmap
    • Tokenized Real Estate
      • 20SML0253
      • 18SML711
  • How IRO works
    • Overview
      • Conducting Due Diligence
    • Introducing Real Estate On-chain (IRO)
      • Committing Stablecoins
      • IRO Rewards
      • IRO Outcome
    • Operations
    • Buyouts
      • Redeeming the Title Deed
    • Primitives
      • Liquidity Primitives
      • Utility Primitives
      • Economic Primitives
  • IRO User Guide
    • Getting Ready
    • IRO User Guide
      • 1. Committing to the IRO
      • 2. IRO Outcome - Properties
        • IRO succeeded & What's next
        • IRO failed & What's next
    • FAQ - Troubleshooting
  • IRO Details
    • London Commercial Building IRO
    • Singapore Industrial Building IRO
      • Singapore
        • 20 Sin Ming Lane
        • 18 Sin Ming Lane
      • Market Comparable
    • Cardiff Commercial Building IRO
      • Cardiff City
      • Property Pricing
  • xKNIGHT Staking
    • What is Staking?
    • What is xKNIGHT?
    • Staking Guide
  • KNIGHT Yield Farming
    • What is Yield Farming?
    • Yield Farming Guide
  • RET YIELD FARMING
    • What is Yield Farming?
    • Yield Farming Guide
  • Tokens on CitaDAO
    • KNIGHT Token
      • CitaDAO Tokenomics
    • Real Estate Token (RET)
  • Security
    • Security at CitaDAO
  • Acronyms
  • Deployed Contracts
  • Terms and Conditions
  • Disclaimer
  • Privacy Policy
  • Risk Disclosure Statement
  • Other Languages
  • Get Involved
    • Contribute at CitaDAO
    • Governance Forum
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  1. How IRO works

Introducing Real Estate On-chain (IRO)

Real Estate Tokenization Process

PreviousConducting Due DiligenceNextCommitting Stablecoins

Last updated 2 years ago

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Introducing Real Estate On-chain (IRO) is the process where the community determines the type of Real Estate to be tokenized. Every Real Estate will need to go through the IRO process, and only properties with sufficient commitment from the community will be tokenized.

Community members commit their Stablecoins to the IRO. Every IRO will have a Softcap and a Hardcap. The Softcap is the minimum amount of commitment needed for the IRO to be successful. The Hardcap is the maximum amount of commitment that an IRO can take in.

If the target (Softcap) is reached, members will receive Real Estate Tokens (RET), an ERC20 token with the right to buyout all other RET holders to redeem the underlying title deed, and their share of the IRO reward. If the target is not reached, the Stablecoins will be refunded and no reward will be distributed.

Prohibited Jurisdiction

IMPORTANT: Before participating in an IRO, you must affirm that you are not located, incorporated, or a citizen or resident of the United States of America, the Republic of Seychelles, Bermuda, Burundi, Central African Republic, Democratic Republic of Congo, Eritrea, Guinea-Bissau, Libya, Mali, Palestine, Somalia, South Sudan, Western Sahara, Yemen, Cuba, Crimea and Sevastopol, Iran, Syria, North Korea, Sudan, Russian Federation or any state, country, or jurisdiction where it would be illegal according to applicable law for participation.

IRO Mechanism