Introduction
One of the greatest and oldest industries that exist is the real estate industry. This sector has created a lot of wealth now and in time past. Owing to its lucrative nature, it has attracted a lot of people, making it one of the biggest industries investment-wise. However, properties worth and market value depend on the location and the influence of the owners. Thereby, making the wealth circle to sell their real estate properties at a very high price with the rather poor circle to sell off their assets at prices lower than the market value, in a bid to attract investors. This has always been the case. Through this, the rich acquires many assets at ridiculously low prices and resell them at higher prices. Also, due to the potentials of this industry, there’s been a lot of theft and scams of investment. This has reduced the credibility of an industry that is inevitably needed for economic development. The system has called for a secured protocol that creates equality for all parties and at the same time maintains a great level of credibility.
Geoma DAO has stepped up through a specific model that focuses on the real estate industry to ensure that all the cracks in the sector are fixed up. Geoma DAO through its decentralized apps allows for assets owners to join up with its network. The network creates an opportunity to acquire real estate for resale at a higher price or for the store of value with rental options. Additionally, due to the Geoma DAO system’s decentralized ledger system background, the security of transactions and assets can be guaranteed.
How is wealth created for the Geoma DAO real estate contributors
Through collateral operations, banks acquire asset ownership and sell those packages at a lower price than their actual market prices. The Geoma DAO, can acquire these assets, place it on the network's dApps for sale at their actual market price. Through this process, wealth is created within the system as the profit is the set-aside cashflow to keep up the network’s operation. Also, various contributors on the Geoma DAO may have various assets that they intend to put up for sale at different times due to various reasons. These assets can be placed within the DAO at a definite price, the Geoma DAO attempts to evaluate the assets, keep it for some time to ensure value storage with rentals. The assets are then sold off at greater prices than the actual designated price of the owner. This profit is shared within the system that also constitutes the owner of the assets. Wealth is created with equality on this system through this measure and constant cash flow is established. Notably, since consensus on this platform is established through a voting process, it is almost impossible to encounter a scam or fraud investment. Furthermore, in cases of rental and not outright sales. The assets are sent into the system through a proposal, the contributors vote to take the project in. After the voting process, the prices are tailored to match the current market prices and outsourced effectively to generate cashflow within the system; in simple term, rentals is one of the ways to establish ownership and cashflow.
USEFUL LINKS
Website: https://www.thegeomadao.com/
Whitepaper: https://drive.google.com/file/d/186LX27VMtGh3Pe6dDSXiIZ7LmvVdyeyP/view?usp=sharing
Telegram: https://t.me/geomachat
Twitter: https://twitter.com/thegeomadao
AUTHOR'S DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432
ETH Address: 0x4F70c5e328B15825Fa456a4F32fEeF315ba88FDf