Ninjastic
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Board Tokens (Altcoins)
Re: [ANN] R223; CRYPTOCURRENCY LAUNCHED TO TOKENIZE AND INVEST IN REAL ESTATE.
by
gonzaloaraujoc
on 01/09/2021, 22:06:56 UTC
Quote from: Miiike on Today at 09:37:52 AM
Quote from: gonzaloaraujoc on Today at 06:14:41 AM
Quote from: Miiike on August 31, 2021, 10:42:03 AM
This is quite interesting. Just to be sure, one of your project's main selling point is token holders are entitled to the properties in R223, is there any specific term on this "ownership" and like it only happens virtually and not in real physical world? Or investors got them in full package like if they bought property conventionally; land deeds and all.

The platform allows to have partial or total ownership of a property through R223 Token, this is done through a trust constituted in each Latin American country where the R223 project operates, this trust keeps a relationship using the blockchain between the physical property and the virtual representation of that property (the r223 token), so one person or multiple people can acquire a tokenized property and enjoy the benefits of the valuation of the project and land as well as the valuation of the R223 token.

In addition to the above, each property will have a particular use, some will be for sale, others for rent and others like the hotel, will be to offer services, food, beverages and events, the money generated will be to operate each particular project and the profit will be injected into the R223 ecosystem through the exchanges.


But the properties will be in their name? Or will it be under r223's name? If the former applied, what'll be the case of taxes in their respective country? Will and should the ownership counts and included in their annual taxes as their properties?

The properties are in the name of a trust that places R223, this trust is conformed by small parts or participation, this participation is digitally represented in the blockchain with the 223 tokens that have been destined by the holder.

The end user does NOT appear as the owner of the properties, he appears as the owner of a participation of a trust that is the real owner of the properties, therefore, the taxes to be paid by the person is more for the profit generated at the time of converting the tokens valued back to FIAT (If so desired and depends on where to convert them into FIAT).

The returns generated by the properties will be injected in the form of liquidity in the exchanges where R223 is traded.

The value of the land will be directly related to the value of the R223 token and will be an average of all the land and properties that enter the R223 ecosystem and particularly to those "frozen" by the tokens in the country the holder has chosen to invest in.