Token Use Case: Token MKGEC
Token MKGEC is an ERC-20 token designed for tokenizing real-world assets and ownership. With Token MKGEC, users can participate in various real estate investment opportunities, including:
1. Buy, Sell, and Invest in Multifamily Properties
- Token MKGEC facilitates the buying, selling, and investment in multifamily properties through tokenization.
- Token holders can purchase shares of real estate assets represented by ERC1155 real estate NFTs.
2. Fix & Flip Equity-Based Lending
- Token MKGEC supports fix & flip equity-based lending, allowing investors to earn returns by providing funding for property renovations and flipping projects.
- Investors can earn steady and reliable returns with real estate assets backed by NFTs.
3. NFT Credit Spread Self Directed IRA (SDIRA) Bridge Loans
- Sophisticated investors can diversify their portfolios and participate in high-yield investments outside the stock market.
- Earn up to 18% APR with NFT credit spread self-directed IRA (SDIRA) bridge loans, backed by real estate assets.
Tokenization Process
- When an asset owner decides to tokenize a property, an Ethereum-standard (ERC1155) real estate NFT is created.
- Each NFT represents shares of the property, with the total value of all tokens equivalent to the total value of the securitized asset.
Example Scenario
- Suppose a 1500 sq ft property worth $375,000 is to be tokenized.
- The property can be divided into shares, with each share represented by an ERC1155 real estate NFT valued at $250 per square foot.
- Alternatively, the property can be divided into square inches, with each token worth $1.73, to make the project accessible to a wider range of investors.
- Token MKGEC serves as the governance token within the ecosystem, allowing holders to participate in decision-making processes.
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Token MKGEC empowers investors to explore new avenues of wealth creation and asset ownership through the seamless integration of blockchain technology and real estate investment opportunities.