Introduction
Metropoly has a marketplace medium that is developed on Eth blockchain to mix decentralized technology and real estate enterprise satisfactorily. The marketplace is amongst the major pillars of Metropoly's ecosystem. Owners of property assets have the leverage to trade estate NFTs like in the stock trade. Users are permitted to lease through the decentralized system against their assets and keep NFTs holdings in the wallet or another compatible ERC-20 wallet. By purchasing various portions of NFTs, users' portfolios get diversified rather than putting 100% investment into one property. Market real estate backed by assets like an expert trader in a greatly liquid market. Metropoly's goal is to provide various kinds of NFTs in real estate like suites, mansions, multi and unattached family homes, and apartments across various nations worldwide.
Real Estate NFTs Buying and Selling
The marketplace allows users found on the NFT market to purchase, sell, and list their tokens in a stress-free manner. The services on the marketplace will create a system of delivering a seamless and encouraging experience for traders on Metropoly.
REN (real estate NFTs) is established on Eth blockchain technology, and it can be delivered for exchange on the Market or Open sea (any exchange with a third party). Owners lost their rights after the exchange of REN.
Auction and Distress Sale
Auction- users are free to list real estate NFTs for marketing individually to get proposals for their assets. By auctions, clients can get RENs at a cheaper price.
Distress Sale- users can give out their property via the 70% emergency sale of the market price not Metropoly's market to Metropoly market where the Real Estate NFTs will be listed automatically at 75% for starting price auctioning on the new market price. After the selling price is withdrawn, 25% will be given to an organization for homeless people from the profits. However, this concept can be changed or eliminated if Metropoly desires.
Incorporating Liquidity into REN Market
No marketplace offers unrestricted access and remarkable liquidity like Metropoly in the real estate industry and also connects consumers and vendors of REN. Also, mouth-watering opportunities are provided by this top-notch platform to use for buying and selling RENs within a short period of minutes.
Lend against a REN
NFTs liquidity boosted by real-life assets enhances the chance of reduced interest borrowing through collateral by RENS. This service will be updated in Metropoly's second market version.
In three easy ways, collectors with REN can lease:
- Include the real estate NFTs in the Metropoly lending pool
- Select the period the loan will last for and approve the fixed price.
- Until the users pay the debt totally, the NFT remains in Metropoly custody. In cases when debt is not paid, the platform auctions it, giving debt an additional 5% to the loaner. The balance is returned to the previous REN owner.
Conclusion
Considering how favorable the real estate market is, Metropoly is focused on meeting the needs of its users and individuals worldwide. The offers and technological incorporation are channeled to ensure productivity. At the end of the day, Metropoly desires that the number of house owners increases with time.
USEFUL LINKS
Website: https://www.metropoly.io/
Telegram: https://t.me/metropolyio
Twitter: https://twitter.com/metropoly_io
Discord: https://discord.gg/N4CFyMqCdW
YouTube: https://www.youtube.com/channel/UC_CpWxOAvzJByBemha8r2SA
Instagram: https://www.instagram.com/metropoly_io/
AUTHORS DETAILS
Bitcointalk Username: Chidoskim
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2652432