FAQ
Frequently Asked Questions
Where can I find more information about CitaDAO?
You can find us at our Discord server or follow us on Twitter (@citadao_io).
Which chain is CitaDAO built on?
CitaDAO is built on the Ethereum blockchain for our Proof-of-Concept (POC) due to the Deep Liquidity and Security that the chain offers. Our team acknowledges the trade off of using the Ethereum network being the costly transaction fees and actively evaluates other Layer 1 and Layer 2 solutions for future phases.
What is CitaDAO's Token Ticker?
CitaDAO's Token Ticker is KNIGHT. The Token Address is: 0x3541A5C1b04AdABA0B83F161747815cd7B1516bC
I have Real Estate property that I would like to list. How can I do so?
We are currently in our beta mode and are only allowing onboarded Real Estate owners to list their assets. If you're interested in listing your asset, reach out to us at landlord@citadao.io.
Who owns the Real Estate after it is tokenized?
The title deed for the Real Estate will be transferred to a Special Purpose Vehicle (SPV).
Who manages the real estate after it is tokenized?
An independent property manager will be engaged to lease and manage the Real Estate after it is tokenized.
Real Estate tokenization has been talked about for the past few years but it hasn't really taken off. How are you different?
Past Real Estate tokenization projects have struggled with constructing feasible secondary trading markets and using Real Estate to unlock DeFi use cases. The DeFi space has evolved significantly since 2018 and we now have the right toolset (e.g., Automated Market Makers, Collateralized Lending Pools, ERC721s, ERC20s) to introduce liquidity in the secondary market and improve Real Estate composability within the DeFi ecosystem. CitaDAO is a DeFi Project that:
Employs a unique legal structure to create a 2-way bridge that allows Real Estate Token (RET) holders to redeem the underlying real estate, creating legitimacy for the RET and ensuring a floor price of the RET;
Leverages its native KNIGHT token to incentivize an ecosystem of future Real Estate Primitives to increase the number of use cases and demand for the RET, enhancing its on-chain value; and
Is highly scalable as CitaDAO enables individual landlords to independently mint and fractionalize their own Real Estate NFTs to be distributed to RET Holders.
What is the difference between Real Estate Tokens (RET) and KNIGHT tokens?
RET is specific to their property and represent the right to buyout all other RET holders to redeem the underlying title deed while the KNIGHT token is the CitaDAO governance token. Each successful Real Estate Listing will produce new and unique RET, not KNIGHT tokens.
For example, a successfully tokenized Bank building would mint ERC20 fractions in the form of RET1. A successfully tokenized Shopping Mall would mint ERC20 fractions in the form of RET2. RET1 and RET2 are both a form of RET but are unique to each other and hence, they differ in value.
RET can be used to provide liquidity in liquidity pools and earn KNIGHT tokens as rewards.
How can I get RET?
There are 2 methods to attain RET:
Participating in an IRO - RET will be distributed upon a successful IRO to the IRO participants proportional to the amount committed in the IRO.
Swapping on a DEX - If you missed out on the IRO, you can swap USDC for RET anytime on the Uniswap DEX.
How do you ensure the structure has a legitimate claim over the Real Estate?
We are the first and only project with a structure that allows RET holders to redeem the underlying Real Estate title deed. This is important for legitimacy because RET holders are able to redeem the underlying Real Estate title deed if the value on-chain falls below the value of the Real Estate in the real world.
I would like to contribute to CitaDAO. Where can I start?
Feel free to reach out to our team on our Discord server.
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