RET represent a share of rights. RET holders have the rights to buyout other RET to claim the NFT and redeem the title deed as well as the assets of the Special Purpose Vehicle (SPV). (Note that RET do not represent a share of the tokenized property.)
There will be different RET for different properties.
Upon a successful IRO, an NFT (ERC721), a digital right to redeem the title deed will be minted and deposited into a smart contract which will distribute fractions of itself as the RET. RET (ERC20) can be swapped on AMM such as Uniswap and can be used in liquidity pools to earn liquidity rewards.
Is the RET the same as the CitaDAO governance token?
No. RET are specific to their property and represent a share of rights while the KNIGHT token is CitaDAO's governance token. Each successful Real Estate Listing will produce a unique RET, not KNIGHT tokens.
Are RET considered Stablecoins?
RET are not Stablecoins. RET are indirectly supported by the value of their corresponding Real Estate but are not pegged to the value of the Real Estate. Like traditional Real Estate, RET are a natural inflation hedge and can protect the owner against inflation on-chain.
Additionally, RET are more decentralized than Stablecoins. Most Stablecoins are backed by fiat currency held in bank accounts that are centralized in nature. Each collection of RET on-chain is held by different entities globally, enabling them to be decentralized fundamentally.
Finally, Real Estate typically generates better yields than fiat currencies held in bank accounts as rents are typically rebased due to inflation, which adds to the RET's value over time.