CitaDAO Docs
Introducing Real Estate On-chain (IRO)
Real Estate Tokenization Process
The 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 assets with sufficient commitment from the community will be tokenized.
Community members commit their stablecoins to the IRO. If the target is reached, members will receive Real Estate Tokens (RET), an ERC20 token with the right to buyout all other fraction holders to redeem the underlying real estate and their share of the IRO reward. If not, the stablecoins will be refunded and no reward will be distributed.
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, or any state, country, or jurisdiction where it would be illegal according to applicable law for participation.
Last modified 1mo ago
Copy link