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.

Fractional Ownership
Crowdfunding

  • 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.

With Aqar Chain, Investors get fractional ownership of lands across the UAE and can make small, calculated investments from across the globe rather than being confined to the traditional painstaking methods of purchase. Investors find favorable investment whereas plot owners and developers get access to greater capital. Since land tokenization has many benefits, TDeFi believes that Aqar Chain shall ascend the forefront of the global real estate industry.

TDeFi

TDeFi is an Acceleration and Incubation Program for DeFi & NFT startups. The TDeFi team strives to bring the best methodologies and practices so that the projects in our cohort can harness the power of industry connections and a slew of services at growth and sustenance. Our objective lies in helping the end-investors and users to seek returns in a valuable startup rather than finding value in vague and underdeveloped projects. TDeFi flaunts 15+ crypto projects that comprise Bitay, SingularityDao, DeFi11, VulcanForged, Drife, xBTC, OroPocket, BTCProxy and many more. By advising and mentoring these startups, we intend to establish a world of sustainable and high-performance ecosystems driven by decentralization at the heart.

Follow us on Twitter and Youtube to get real-time updates on our Acceleration Program. 




An Exchange Traded Fund or product (ETF-ETP) is a tax-efficient investment fund that tracks the price of an underlying security, cryptocurrency or index. The ETF is largely used in the traditional markets by pooling funds from various sources and purchasing tradable assets such as securities, shares, bonds and derivatives.



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