ELAND: A Utility Token to Revolutionize Real Estate?

Real estate has long been considered a traditional industry where processes are long and done manually. However, this industry is constantly being revolutionized with new technologies, and Etherland is at the forefront of this transformation. This article will explore the upcoming platform features and discuss the token’s use cases.

Etherland
Coinmonks
Published in
4 min readMay 9, 2023

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Etherland’s platform, the Estatepedia, aims to transform how we interact with real estate properties. It uses an assembly of technologies based on the Ethereum blockchain and IPFS (InterPlanetary File System) to provide a decentralized and secure data infrastructure, guaranteeing transparency and immutability. At the center of this ecosystem is the ELAND utility token, used to purchase services and interact with other users.

ELAND Token’s Role

The ELAND token plays a vital role in the Etherland ecosystem. The token can be used to buy NFTs within the original Etherland collection on Opensea. It will ultimately be used to purchase several services and products released on our platform in the coming months and years. Its use cases will be diverse and varied. We can divide them into three parts:

Payment for Services

One of the primary use cases for ELAND is payment for services provided. This includes tokenizing real estate, 3D rendering of buildings, audits, scanning of documents, and selling NFTs within the various Etherland collections. By paying for these services using ELAND tokens, users can easily access multiple products without dealing with different currencies.

Community Use

One of the goals of Etherland is to preserve and maintain reliable information about historic places and their monuments. Due to the unique nature of some landmarks, accessing information online is very complicated, and it would only be possible to collect data on each monument manually. To achieve this, Etherland wants to integrate the community into the process by setting up a platform with a bounties system. This way, history buffs or users looking to earn money would contribute to curating information about the monuments (photos, videos, historical facts) in exchange for ELAND tokens. We aim to inspire users around the world to contribute to the preservation of human heritage both locally and globally.

This solution offers utility to the ELAND and a source of rewards for users. It also leads a joint effort to enrich our landmarks database further and ensure the information’s accuracy.

B2B Utility

First, it is essential to clarify that the B2B utility has two distinct parts.

The first part is intended for direct use by asset managers and other leading real estate professionals, such as developers or institutional investors.

By opting for Etherland to store their real estate-related documents and data, these professionals can save a lot of time and operational costs for processing their real estate portfolio information. Indeed, thanks to the Estatepedia being accessible 24 hours a day, 7 days a week, they can quickly access the data they need without resorting to traditional methods such as manual research in an endless pile of administrative papers.

In this logic, they can pay an ELAND subscription, allowing them unlimited access to these documents.

The second part is a rather indirect utility that is addressed to the users wishing to access the data at a precise moment: an inspector within the framework of a survey, or a prospector who wants to obtain specific data related to a good, to check its feasibility, and to carry out a preliminary study before any financial commitment.

For this, there are two options:
1. Paying an ELAND subscription to access the details of the notes applied by real estate experts (architectural & technical notes, environmental reports…).
2. A flat rate option where they can pay only for access to specific documents of interest.

In summary, Etherland aims to provide real estate professionals with all the information they need quickly and efficiently to save time and reduce operational costs related to processing real estate data.

Etherland’s use of new technologies, its utility token, and its approach to real estate are significant developments that might evolve our collective understanding of this traditional industry and raise broader questions on our relationships with property, cultural preservation, and community involvement.

Useful Links:

https://etherland.world/
https://estatepedia.etherland.world/

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Etherland
Coinmonks

Digitalizing real-estate properties and their owners' legal documents, granting unhinged traceability and immutability through Blockchain and IPFS technologies.