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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  • Development Rights
  • Asset Management Rights

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  1. How IRO works
  2. Primitives

Utility Primitives

Development Rights

A Decentralized Autonomous Organization (DAO) enables a community of different individuals to work together. Participants in a Development DAO can initiate proposals to enhance Real Estate values via redevelopment proposals.. For example,

  • An individual in the DAO puts forward a redevelopment proposal for building A.

  • A majority of Real Estate Token (RET) holders agree and vote in favor of the proposal.

  • The DAO works together with other DAOs to execute the plan

    • A DAO for architects and engineers crafts a plan for redevelopment

    • A construction company is contracted and executes the redevelopment plans

  • Building A's value increases, in turn increasing its RET value, which is then shared with the RET holders and the Development DAO members.

The nature of the DAO allows anyone to initiate proposals – a thousand brains are better than one.

Asset Management Rights

Separate DAOs can be formed to perform specific tasks related to the physical assets.

For example, RET can be staked for Asset Management DAO tokens to utilize the property. Such utility may include the use of co-working, co-living, co-retail spaces in the property.

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Last updated 3 years ago

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