LandOrc - Defining the future of Real Estate and Blockchain

Overview
Real estate is one of the most important and highly transacted sectors in the global economy. The calamity that arises in the year 2020 by the drastic spread of Covid-19 has certainly caused a historic decline in the growth of real estate markets as well. Since then, financing has been tight in the real estate market casting doubts on the future of real estate prices. Real estate developers and/or property owners affected by the lack of mainstream financing affecting the sector can look into alternative financing opportunities. The convergence of blockchain with AI can certainly enhance the creation of a trading super-platform that enhances buying, selling, and even leveraging experience at your convenience anytime in the Real Estate Industry. LandOrc platform provides a creative alternative via LorcFinancing to bring about new growth for the global real estate market as well as to bring new blockchain-based use cases to the global markets.

What is LandOrc?

LandOrc is a blockchain-enabled ecosystem that allows seamless movement of capital and collateral between investors, property developers, and land title owners. Land Oracle seeks to create a unique platform to resolve key challenges in the traditional real estate market by providing a blockchain-based solution that allows participating globally distributed parties to raise liquidity requirements, through LandOrc Financing or known as LorcFinancing.

LorcFinancing is backed by existing real estate assets as collateral, in return for providing a stable yet consistent reward stream for digital asset owners and/or crypto-investors alike that participate in staking through the LandOrc platform.

LandOrc is focusing on geographies that have high lending rates to capture at least 0.5% of the 500 billion real estate industry pass through the LandOrc platform for DeFi leveraging and for global market exposure.

Features of LandOrc

Digitalization of Land Title

LandOrc provides greater transparency to land titles by tokenizing their ownership of land or property titles through the issuance of Land Non-Fungible Tokens (“LandNFT”), to facilitate digital transactions, including the ability to use the title as collateral for raising funding.

LandOrc works together with legal counsels, professional valuers, and relevant local entities to authenticate ownership, value assessment as well as all other compliance requirements for respective jurisdiction for each LandNFT. LandNFT is used in facilitating the process of collateralization under LorcFinancing.

Lorc Financing

For real estate developers and/or landowners who strive to raise funds for their upcoming projects, LandOrc, through LorcFinancing, offers an opportunity to raise liquidity through the crypto ecosystem at a relatively lower rate by collateralizing their real estate assets and/or projects.

LandOrc would enable real estate developers to gain access to a global capital marketplace as well as a borderless crypto ecosystem, allowing them to secure financing at a comparatively lower interest than their domestic markets and without costly fees, slow processes, and restrictive conditions that are typical of mainstream financing options like banking loan

Staking Opportunities

LandOrc offers easy visibility and exciting investment avenues to Digital Asset owners through staking opportunities whereby the rewards are fundamentally backed by the interest rates being charged on LorcFinancing.

In order to participate in the staking process, digital assets owner and/or potential crypto-investors need to first purchase or swap for LandOrc tokens (“LORC”) from an exchange and then, subsequently, stake/transfer the LORC to platform wallet via smart contract.

Crypto-to-Fiat

LORC issued will have to be converted to Fiat currencies in order to provide liquidity to property developers. The conversion to fiat is done in a jurisdiction with an existing Digital Asset legal framework and the prevailing fiat value is then transferred to the respective property developers as a foreign direct investment (FDI) or short-term business loan via a locally domiciled affiliated special purpose vehicle entity or SPV.

The purpose of the affiliated SPV is to disburse fiat currencies to the real estate owner and/or property developer and be the legal entity that holds the pledged collateralized assets under LorcFinancing. Upon maturity of the financing period, the affiliated SPV will process the loan repayment remittance of the equivalent fiat to the Digital Asset Hub.

How does it work?

The Lending Marketplace - The marketplace lists all participating real estate assets and property development projects that are seeking funding. This includes details of the projects including developer credentials, financing requirement, information on the associated collateral, return rate, and the tenure of the project. Digital Asset owners can stake their LORC on the Lending Marketplace by choosing platform-wide or by specific projects.

Tokenization Module -The tokenization process will require participating real estate developers and/or landowners to go through a KYC process and to provide all relevant documentation to authenticate ownership.

LorcFinancing Portal - Developers seeking to raise funding access LandOrc via the LorcFinancing portal. The portal allows the developer to upload the NFT token of the land title that the developer is keen to offer as collateral for the loan sought. Developers in LorcFinancing having two options either they can use personal real estate land (free of encumbrances) to be pledged as collateral to raise required funding or create a joint-venture partnership with other landowners whereby the other landowners agree to pledge their land as collateral for LorcFinancing in return for a profit-sharing.

At the same time, the physical real estate asset and/or land will be legally pledged to an affiliated local SPV that operates in the same jurisdiction as the property developer.

In the event of the default on the payment of financing and/or interest amount, the land title will be transferred to the local SPV operating in the local jurisdiction to be liquidated legally to recover the required liquidity

Tokonomics of LandOrc

LORC are utility tokens based on the ERC20 standard and provide the sole means for staking on property development projects on the LandOrc platform. Staked LORC is then transferred into the platform wallet and distributed to local special purpose vehicles or SPV for conversion into fiat currencies and then distributed to real estate owners and/or property developers under the terms of LorcFinancing. LORC can also be swapped or bought from exchanges.

The requirement to use LORC for staking and remittance for LorcFinancing on the LandOrc platform ensures continuous consistent demand for LORC, which will be featured in both centralized and decentralized exchanges.

Token Name: LandOrc
Token Ticker: LORC
Network: Erc-20
Total Supply: 21 Million LORC

Roadmap

Partners

Conclusion

LandOrc platform can be seen as a digital bridge that connects the crypto ecosystem with mainstream financing opportunities where digital asset owners, as well as crypto-investors alike, can now participate in the realm of real estate lending to enjoy a relatively more stable and consistent return.

Read More Here

Website: https://landorc.io/

Telegram: https://t.me/joinchat/ECZFCDv8DPY0ODk1

Twitter: https://twitter.com/LandOrc1

Medium: https://landorc.medium.com/

Proof of Author

Bitcointalk Username: bondan88

Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2632383

Telegram:@bondan88

Erc-20 Wallet:0x0D7fBAd549E0dd2BD7242A8060BB2441CF1f5A3A