Participating in Fractal Real Estate Sale
Last updated
Last updated
One of the products we offer to our clients is fractional real estate NFT's. We create them by fractionalizing the loan of the property after tokenizing the loan into an NFT. The entire property is then the collection with the NFT being the Fractal-NFT.
When a sale is initiated on the platform, OMNI will set an investment hard cap that is equal to the cost of the property in the sale. This sale will not have a soft cap, so if it does not manage to reach the hard cap then OMNI will automatically return the funds to any participating investors. Once the sale reaches the hard cap, the gathered cryptocurrency will be converted to FIAT. Following this step, OMNI Real Estate Group will buy the property with the gathered funds and rent it out using their huge customer database.
The rent received on the property will vary depending on season, so the ROI on the property sales page is an estimated average over the year. Investors who hold an F-NFT will receive their percentage share of the rent every month. They can claim their rent in ORT tokens with an easy to use 'claim' button on our website.
Visualization of buying an F-NFT on our marketplace:
Once a potential investor enters our marketplace they will see an expanded list of possible sales they can participate in.
On the listing pages, the investor can filter the properties by various attributes such as category, bathrooms, price, amenities, bedrooms, and area. On the right side of the property details page, it shows the total amount of cryptocurrency the sale has to collect before it can be purchased by OMNI Real Estate Group.
At the top of the property page there is a gallery of the property.
On the property page, they can find the time remaining on the sale, the hard cap of the sale and more specifications such as a description, total price, views, etc...
By clicking the purchase now button the customer can select how they would like to invest.
The current payment options for those participating in the sale are: Bitcoin (BTC), Ethereum (ETH), and Binance coin (BNB). As these have high liquidity they are suitable for this purpose. In the future, we may implement other tokens such as the OMNI Real Estate Token (ORT) as additional payment options but we require all tokens to have an extremely high liquidity.
After the purchase has been confirmed, we need to wait for the sale to complete. Once completed the customer will receive their F-NFT in the wallet they connected to the marketplace. Every month the customer can claim their rental share directly from our NFT marketplace.