I'm interested in understanding more about how fractional ownership operates on the platform. How does the process work for buying and selling shares of land? Additionally, how are profits from land appreciation distributed, and what are the key steps if a member wants to take physical possession of their share of the land? It would be great to get more details on these aspects! Aside from that, who are the team members running this?
It’s great that you’re looking into how fractional ownership works on LandDAO, there’s a lot of potential here. You buy shares of land via tokenized NFTs, which represent your stake. Buying and selling those shares is straightforward on the platform’s marketplace, allowing you to trade your ownership easily. Profits from land appreciation are distributed to NFT holders based on their share percentage, making it simple to benefit from property value increases. Taking physical possession of your share may require navigating local laws and specific project terms, but it’s possible in some cases. It’s also a good idea to dig into the team behind the project, as their expertise in real estate and blockchain is key to its success.
Fractional ownership sounds amazing!
I searched all 3 pages of the thread and didn't find a single mention of property taxes. Assuming "team behind the project" helps with that, where does the money come from, how do people know for certain the taxes are being paid every time, etc?