Landshare token’s ICO is live now. What about the platform?
Landshare’s much-awaited ICO began today. This platform provides a hassle-free alternative to traditional real estate investment. It is focused on simplicity, and accessibility, along with yield maximization. Landshare combines the reliability of the real estate market with the power of the blockchain. As a result, the company created a platform that offers the best of both worlds.
Landshare works similar to any other yield generating platform: users stake their tokens and earn rewards. However, there is a reason why Landshare’s token is considered hot. Instead of incorporating unsustainably high APY rates, this platform returns yields based on the value of real estate assets, as well as the rental profits they can generate. Such an approach makes Landshare unique. The platform essentially allows users to participate indirectly in the real estate market without worrying about taxes, maintenance, property depreciation, or tokenized ownership.
Investors can earn the Landshare Token as a reward for staking in the Property Vault. Utilities of the token include premium feature access, governance, charitable fundraising, and staking.
The platform plans to launch with the Landshare Token, the Property Vault, and token staking. Furthermore, its features include the crowdfunded house flipping, governance protocol, and charity token lock events.
The Property Vault offers users a dual-reward system: Landshare Token payouts and stablecoin (BUSD) payouts.
Stablecoin payouts are quite simple. The Landshare team will generate yields based on average regional rental prices and, afterward, pass them into the vault in the form of BUSD. Users will be entitled to a payout proportional to their percentage share of the vault.
Besides, Property Vault stakers will be able to earn Landshare Tokens. The number of Landshare tokens they receive will vary based on the price of the token, though, as well as the current stablecoin payout.
What about the LAND’s price?
The ICO price is $2 per token. The sale will end on June 23rd, 2021. The company will use LAND as a reward for stakers. The token will also grant priority access to several high-yield vaults in the future. According to the company, a token governance feature will debut soon after launch, thus allowing token holders to vote on important operational decisions.
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