CitaDAO

When a Real Estate is listed on the CitaDAO platform, the CitaDAO community will be able to commit their interest towards the Real Estate. Once sufficient commitment is secured, the building will be purchased by a Special Purpose Vehicle (“SPV”), and everyone who commits to it will receive Real Estate Token (“RETs”) that represents the right to buy out all other RET holders and redeem the underlying title deed as well as all assets of the SPV. CitaDAO issues ERC-20 tokens linked directly to the property, with the potential to own the underlying real estate through redemption.