tokenization
Dobuy is entering the real estate tokenization market in August 2022.
tokenization
A Dobuy esta entrando no mercado de tokenização imobiliária no mês de Agosto de 2022.
Various real estate tokens will be created for each venture, but all of them had to go through the Dobuy token to be acquired.
Did you know that transactions of these real estate tokens happen through blockchain technology, which is the main basis for cryptocurrencies.
It allows an asset to be broken down into very small, digital pieces that can be accessed via the Internet.
At first, the asset will be analyzed by a responsible company, which will verify that it has all the qualities necessary for the tokenization to be carried out.
After this first analysis, Smart Contracts are created instantly within the blockchain.
They are the ones who ensure that all contractual and technical conditions are met.
At the end of this process, the asset will be fully linked to its respective Smart Contract that is available on the Blockchain network.
In the tokenization process, Dobuy will transform the property and its deed into a non-fungible token, which will represent a series of information that will be stored within the blockchain technology.
In this process, tokens cannot be changed or replaced and, therefore, the buyer becomes the owner of part or all of a property when he purchases a particular token.
In this process, tokens cannot be changed or replaced and, therefore, the buyer becomes the owner of part or all of a property when he purchases a particular token.
Thus, the process ends up getting very close to what is currently happening with real estate financing:
The buyer becomes the owner of only a part of the property or its entirety;
He can pay installments to buy new fractions, all this happens with more affordable values and without the need for indebtedness.
Dobuy believes that real estate tokenization is positive for everyone involved in a real estate buying and selling process.
For this reason, we should see in the coming years a gradual movement of developers in the market to insert tokenized properties in their portfolios, and Dobuy will be ready to develop these tokenizations with the highest quality.
Actions like this one by Dobuy will make the market gradually abandon traditional models and start betting on new solutions that will be cheaper, simpler and more efficient for everyone involved.
WHAT ARE THE MAIN ADVANTAGES OF PROPERTY TOKENIZATION?
The main advantages of real estate tokenization with Dobuy:
THERE IS NO INTEREST ON THE PURCHASE OF TOKENIZED PROPERTIES
When buying a tokenized property you do not need to pay any type of interest, unlike the modalities currently available on the market.
This is because the property will still be owned by the builder or developer, while you only own a fraction of the property.
In this way, there is no reason to pay interest, as there are no intermediaries in the purchase and the selling company has complete security and transparency throughout the process.
Ultimately, this will allow you to pay less on a property purchased in the long run.
WHAT BENEFITS OF TOKENIZING WITH TOKENS CREATED BY DOBUY
There are some other financial benefits to real estate tokenization.
Tokenization offers the possibility for you to earn income from the property even if you only own a part of it.
For example, imagine that you own 5% of the property, which has just been put up for rent.
You will automatically receive 5% of the rent as you also own 5% of this property.
As the purchase of the tokens can be done in a fractional way, this money can be reinvested, allowing you to buy larger fractions.
It is also important to note that if you only own a fraction of the property and decide to live in it, you will have to pay rent to the company that owns it.
However, this amount will have an automatic cashback, since as the owner of a percentage of the property, you are also one of the beneficiaries of the rent.
HIGH FLEXIBILITY AFTER PURCHASE
A big advantage of real estate tokenization is that it provides great flexibility after the purchase.
You can sell your fractions, use the property, put it up for rent or do whatever is most interesting for your situation.
That way you are not tied to the property in any way, this flexibility also extends to possible payment formats and deadlines.
MUCH LESS BUREAUCRACY
Tokenization allows for a facilitation in the form of payment, as well as avoiding interventions in the property registration.
It is also important to emphasize that this reduction in bureaucracy is also important for companies, which are able to make sales more quickly to the entire market without being dependent on different bureaucratic procedures.
MUCH MORE TRANSPARENT PROCESS
After defining the issuance rules, all participants are able to audit each fraction in real time, as well as the total outstanding.
CONVERSIONS BETWEEN TOKENS
You do not need to sell your tokens for “physical money”.
Thanks to blockchain technology and its convertibility between cryptos, it is now possible to exchange your tokens for other cryptocurrencies.
