TDeFi onboards Aqar Chain in its Acceleration Program
TDeFi is happy to announce its incubation of Aqar Chain, a decentralized property subscription marketplace. The project is a subsidiary of Smart Chain, a company that builds on emerging technologies such as Blockchain, AI, ML, IOT among other enterprise web and mobile applications. Aqar Chain has sought approval from the Dubai Financial Services Authority (“DFSA”) and has secured various licenses to amplify and operate its business in the UAE and Saudi.
About Aqar Chain
Aqar Chain is a one of a kind facility management platform that allows users to invest in properties by purchasing a small fraction of tokenized lands, the ownership of which is inscribed on the Tezos blockchain. Aqar Chain is a go-to marketplace for small-scale and retail investors who lack ample funds to invest in properties that are often overpriced. By tokenizing a real-world asset, Aqar Chain is enabling investment in pieces of land as small as 1 sq cm, a dimension that also represents one share. The listed asset is allocated to an SPV or Special Purpose Vehicle in a crowdfunding model. This enables investors to get access to a slew of properties with increased liquidity options, cheaper transaction costs, zero paperwork thus reinforcing maximum transparency and trust.
How it works Evaluation
- Investors and sellers are first registered on the platform using strict KYC and AML procedures.
- The property applications are then evaluated by experts and they are listed once verified.
- Buyers now participate in crowdfunding wherein they can purchase multiple shares using the SPV Share Tokens. This way they can spread the risk and minimize investment value.
- Once the crowdsale concludes, the amount raised is transferred to the seller and the property units are allocated to the buyers according to their investment.
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