We’re making it easier to invest in real estate.
We need a better way to transact and own real estate. Existing
ownership models have typically not allowed for greater levels of
access. When we think about blockchain technology and tokens, they do an amazing job of not only allowing asset owners to transfer and store value securely, but also allow for trading these tokens among groups offering greater accessibility, liquidity and transparency.
OPOLY is a play on words of polyopoly: a market situation in which there are many small buyers and many small sellers.
We have harnessed the advanced capabilities of blockchain technology to make it possible for investment in the property market without having to qualify for or wear the risks and costs of borrowing additional capital.
This will avail a greater number of potential investors than ever
before the opportunity to participate in the real estate property market — transact cheaply, securely and seamlessly, in a trusted
environment via digitally enforced agreements that bypass hurdles
previously preventing entry.
Each house or property will be segmented into 1,000 “blocks”. If a block-holder has 100 blocks, they have 10% the value of the property — as well as 10% of it’s rental income.
To achieve this vision we are launching a ÐApp (decentralized application) allowing market participants to buy and sell segmented ownership of property held by a trust. Each trust will be set up where block holders of each property are recognized as beneficiaries to the rental income each month. In addition, token owners will have equity of the underlying property.
The OPOLY platform is an online marketplace for the exchange and investment of real estate assets. Each block can be thought of as a representative unit in each property — that is backed by asset held in the underlying property holding.
The main benefit of purchasing blocks is the lowered cost
requirements to participate, and flexibility offered by tokenized
ownership. For example: If a $500,000 property was listed for sale on
OPOLY, each token would only cost $500 to purchase for a 0.1%
ownership stake of that property.
Furthermore, an existing property owner may wish to liquidate a portion of their property — rather than selling everything at once. This can be done effectively using the OPOLY platform. For example 25% could be sold by tokenizing the property. Users on the platform would then be able to purchase tokens until the funding target is reached and the 250 available tokens in the marketplace have been sold. The remaining 750 blocks would be distributed to the seller.
These blocks are secured by the public Ethereum blockchain. By using smart contracts we can create a marketplace where OPOLY members can come together in a trusted environment, where agreements can be digitally enforced securely.
The initial release will aim to provide support for residential properties to be available on the platform, with future support for commercial and development properties to come.
To try out the OPOLY demo you can do so by clicking here.
Gain early access to the platform by joining the waitlist.
If you have any questions, or would just like to get in touch with us feel free to contact us using our site contact form: https://www.opoly.one/contact/