What Is a Decentralized Autonomous Organization (DAO)?
If you’re familiar at all with the crypto space you may have heard the term decentralized autonomous organization or DAO for short. But what exactly does DAO mean? Keep reading to find out more about it and how it relates to fractionalized real estate investing.
According to Investopedia, a decentralized autonomous organization (DAO) “is an emerging form of legal structure that has no central governing body and whose members share a common goal to act in the best interest of the entity. Popularized through cryptocurrency enthusiasts and blockchain technology, DAOs are used to make decisions in a bottoms-up management approach.”
Basically speaking, DAO means a group of people with a shared goal who agree to act in the best interest of the group.
How DAOs Work
Smart contracts are at the heart of DAOs, which are logically coded agreements dictating decision-making based on underlying activity on the blockchain.
DAOs vote on agreements and then the decision is followed-out. For example, on the real estate NFT marketplace Metropoly, when you buy a real estate NFT you are given DAO voting rights. These voting rights allow you to propose a vote. For example, a real estate NFT owner may propose to raise the rent or sell a property entirely.
How DAO Voting Rights Work on Metropoly
When you buy a Metropoly fractionalized property real estate NFT, you’re given decentralized autonomous organization (DAO) rights. These DAO rights give you the power to vote on important decisions about your investment properties. Your voting rights are proportional to the number of fractions you hold in each property.
The voting feature will be available in the second version of the Metropoly Marketplace.
Here’s how the DAO voting rights work:
https://www.investopedia.com/tech/what-dao/
• You can call a vote to propose actions such as raising the rent or selling the property
• At least 50% of all owners must vote for the motion to be considered
• Overall, 75% or more must accept the proposal for the motion to pass
• A vote is valid for seven days
If all the conditions are fulfilled, the motion will pass. If the conditions are not met, the property status remains as it was before the vote.
DAO rights are very important to the Metropoly ecosystem because they ensure that real estate owners like you have the ability to vote on issues that can significantly impact your investment.
The Metropoly presale runs from October 29 - December 20, 2022, and the sooner you invest the more bonuses you receive. Visit https://metropoly.io to learn more and become a member of the Metropoly ecosystem before the deadline on December 20th.
How Do Metropoly Voting Rights Work?
Real estate is a popular, but expensive, investment option. Traditionally it takes a significant amount of cash, time and effort to invest locally in real estate. And internationally? You’re dealing with visas, taxes, hidden fees and more.
The average retail investor wants to invest in real estate but simply can’t afford to - until now.
Enter Metropoly - the revolutionary real estate NFT platform that combines real estate with blockchain technology in a completely unique way. For the first time, you can fractionally invest in carefully hand-chosen luxury properties around the world.
Giving Fractional Real Estate Investors More Control
By giving you Decentralized Autonomous Organization (DAO) rights when you buy into a Metropoly property, you have the power to vote on important decisions about your investment properties. After investing you’ll be given voting rights proportional to the number of fractions you hold.
The voting feature will be available in the second version of the Metropoly Marketplace.
Here’s how it works:
• You can call a vote to propose actions such as raising the rent or selling the property
• At least 50% of all owners must vote for the motion to be considered
• Overall, 75% or more must accept the proposal for the motion to pass
• A vote is valid for seven days
If all the conditions are fulfilled, the motion will pass. If the conditions are not met, the property status remains as it was before the vote.
When you’re a Metropoly user you have the ultimate control of your real estate NFTs. You can choose to sell them at any time on the Marketplace. Because real estate NFTs are based on the Ethereum Blockchain, any REN can be offered for sale on the Metropoly Marketplace or a third-party exchange such as Opensea. With the sale of the REN, all owner rights expire.
The Metropoly presale runs from October 30 - December 19, 2022, and the sooner you invest the more bonuses you receive. Visit https://metropoly.io to learn more and become a member of the Metropoly ecosystem before the deadline on December 20th.