Landshare is set to make history as the first-ever tokenized asset sale on Binance Smart Chain.
Property Share
Landshare has announced the first-ever security token offering (STO) for real estate on Binance Smart Chain. The sale will offer investors the opportunity to own a real-world yield-generating asset.
The property being tokenized in this initial sale is located in Fargo, North Dakota. The value of the asset currently sits at $170,000 and has a $10,000 renovation budget. It will be rented out on a year-long lease from November 1st.
“Updated but retaining its old-world charm, this property features a fenced-in backyard, garage, finished basement, hardwood floors, and new siding. Located just blocks away from one of the largest universities in the area, this 3 bedroom 2 bathroom single family home presents an attractive rental for the thousands of students in the area,” says the Landshare property site.
According to data from ATTOM, the curator of the nation’s property database, the property is located in the US’s second most profitable flipping market. In a recent blog, Landshare invited users to participate in the KYC process for their chance to part own this property. The projected total first-year return is estimated at 16.94% based on the current property market.
Restricted Areas
For this property, Landshare cannot accept participants from the following jurisdictions:
United States, Afghanistan, Belarus, Burma, Central African Republic, Cuba, Democratic Republic of Congo, Iran, Iraq, Lebanon, Libya, Mali, Nicaragua, North Korea, Somalia, South Sudan, Sudan, Syria, Venezuela, Yemen or Zimbabwe.
About Landshare
Landshare is a property platform built on Binance Smart Chain, created to bring real-world tangible assets on-chain. With Landshare, users can own a stake in yield generating tokenized real estate.
The platform works similarly to most yield protocols on the BSC network. Landshare generates value from rentals, real estate, and flipping properties rather than attaching revenue generation to tokenomics or intangible concepts.
Where to find Landshare:
Source : bsc.news
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