LandOrc — The Layman Story (Part 3)


The mechanism

Property Developers.

Collateral (documents) pledged with local SPV.

Land NFT issued.

Voting (LGOV) for approval (other legal processes and validation of collateral documents would have preceded).

SPV converts LORC to fiat currency and transfers to Property Developers.

Developers proceed with the project.

Developers pay periodic interest and repayment of principal (2 years max) in fiat.

Fiat converted back to LORC.

Stake holders get back LORC according to smart contract agreement.

Blockchain Based Ecosystem