LandOrc (LORC) Tokens — Your Ticket to Global Real Estate Development through Blockchain Technology
Many industries have been adopting Blockchain Technology and for every area of law it has wide ranging implications. Traditionally the real estate industry was hesitant to embrace any new technology but there are compelling reasons to use blockchain in real estate transactions and property management.
Through secure data sharing and smart contracts, blockchain can facilitate broad oversight of property management, for example, by streamlining rental collections and payments. Blockchain technology used in combination with smart contracts may also increase transaction efficiency by allowing certain actions to occur automatically, such as the release of funds when certain contractual obligations are satisfied. Parties can also sign leases and pay rent through smart contract technology, automating payments and renewals. This is the idea that LandOrc has utilized.
Tokenization
Most efficient system to trade and track interests is through tokenization. The results we could see are like enhanced connectivity, single-platform integration, and faster transaction timelines. These are the results you will get by owning LandOrc tokens. Blockchain can also combat fraud and almost completely eliminates its likelihood because hackers would have to expend significant time and resources to successfully tamper with the data on a blockchain.
Benefits of tokenization include enhanced efficiency and transparency of trading and fractionalization of digital tokens. Fractionalization of digital tokens allows investors of LandOrc who buy LORC tokens to invest on a smaller scale, globally, significantly reducing barriers to entry. They don’t have to go and identify a developer or development to invest.
Each token would get an individual code and time stamp, and once it is shared on the blockchain network, it is visible to all parties involved in a transaction. There would be virtually no opportunity for fraudulent transfers or hacking, making third-party intermediaries unnecessary. Without third-party intermediaries, transaction processes can be streamlined or even automated.
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 a 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. This process of value assessment is done by a minimum of 3 independent valuers and lawyers to determine a consensus valuation range. Investors who buy LORC tokens will be able to check the LandNFT which is the developer’s collateral and stake their LORC for a specified time period to get returns.
LandOrc platform also enables storage of multiple offline data points like GPS enabled visuals, vicinity analysis of the land based on location data along with the assessment of the land value. Data management of the NFT is synchronized to a IPFS (Inter Planetary File System) database via referral key. LandNFT is used in facilitating the process of collateralization under LorcFinancing.
What’s the Deal?
As you could see in the chart above, LandOrc has completed their seed funding round. There is a vesting period for the funding. Vesting means you are not allowed or supposed to sell LORC tokens for the specified duration. At present their pioneer sales is going on. Whoever buys LORC before 29th August 2021, will be able to get it without vesting and will get an additional 10% FREE LORC of their purchase. Private sales start from 30th August 2021 which is Private A round of funding with 3 months vesting period followed by Private B round with 30 days vesting. After that it will be listed on exchanges for public sales. Remember! They only have 21,000,000 pre-minted tokens. With the completion of seed funding and near completion of Private A funding, the tokens might be taken up even before the public sale at $1.00 .
So, visit https://landorc.io/ now to buy your LORC tokens which is your your ticket to Global Real Estate Development.
Sources:
Surabhi Sheth, “Commercial Real Estate Redefined: How the Nexus of Technology Advancements and Consumer Behavior Will Disrupt the Industry,” Deloitte Center for Financial Services, October 2016.
Deep Shift: Technology Tipping Points and Societal Impact”, Global Agenda Council on the Future of Software & Society, World Economic Forum, September 2015.
“A Decentralized Multiple Listing Engine and Real Estate Smart Contract Application,” Rex, October 27, 2016.
