NFT Minting
Unlock Protocol will be used to create and sell NFTs that represent fractional ownership of the total project value (including the land purchase and house construction). Each NFT will grant its holder rights over the project, as specified in the rights transfer agreement.
Decentralized Governance via a DAO
A DAO will be established using Snapshot to allow NFT holders to participate in key project decisions, such as approving construction phases. Each major project milestone (land purchase, start of construction, inspections, etc.) will be put to a vote. NFT holders will vote on the approval or rejection of these milestones, ensuring participatory governance.
Audits and Transparency
External auditors will be hired to periodically review the progress of the construction. These audit reports will be published on a public portal so investors can track the project’s progress in real-time. These reports will be available on a public portal designed to provide full transparency regarding the project’s status.
Transfer of Rights through Private Contracts
Upon the purchase of the land, a rights transfer agreement will be signed within the framework of private contracts, which will transfer certain rights over the project to NFT holders. These contracts will be backed by a registry ensuring that the corresponding rights are correctly transferred to the NFT holders.
Financial Management
A dedicated treasury wallet will be set up to manage payments to suppliers. This wallet will be visible to NFT holders, providing transparency on how funds are being used. Payments will be made according to decisions taken by the DAO and will be publicly recorded in the wallet for added transparency.
Differentiated Model for Argentine Buyers
For Argentine buyers, a real estate trust contract will be established. This trust will formally hold the property during the project's development, and NFTs will represent shares in this trust. This model will be adapted to local regulations in Argentina, providing additional legal security for local investors.
CBA BLOCK 2024