No, we will not limit investment per wallet. Though because we spread our Bricks over three blockchains, it immediately reduces the chance of one whale buying all.
If one property get’s sold out, we immediately have enough liquidity to pruchase another property with an immediate chance for the people who missed out on the first one to buy in
ok that sound good. and will we launch on justmoney?
Very Interesting Project
No as this is an NFT project, we will start on USwap for the TRON Bricks (as they have loyalty features switched on ) and on different NFT platforms for the BSC and the ETH Bricks. We want to provide secondary market for the owners of Bricks
These are great ideas, we haven’t really decided on that.
We have a good collection of artists to use, our original idea was to create a 3D brick with the name of the property engraved, but we might still divert from that
Well, the Bricks are NFT’s which you can transfer by sending them to whoever you want. The revenue will be paid to the wallet holding the NFT, so you can use it as a gift.
The MetaVerse angle is a new idea, which we will think about.
Thanks for the suggestion
We will be paying the income generated by the property (rent) proportionally to the holders of the Bricks. Based on the wallet in which they reside
In this case it is up to you to reach out to an owner of a Brick of property B and convince him/her to swap. We can help in being the middle man here though
We will do a couple of properties in Hungary first as there we have fully worked out the legal aspects. Next country after Hungary will probably a European country again like Spain, Switserland, Slovenia or Netherlands. India is in the picture as well as we have team mates who could check the legal requirements there
These are great ideas.
Really looking forward to see how this develops… great job and a very exciting project indeed
Great Project and developing day by day
are you offering leasing for 50 years contracts ?
What do you mean exactly with this question?
like how do you legally proceed ? you’re buying the asset and then leasing it to NFT holders or how ?
Here you see the legal aspect explained
Legal
One of the key offerings of Versac Brick Squad is the opportunity for everyone to invest into real estate without the need of doing KYC.
TuruGlobal doesn’t withhold any taxation from earned income but leaves it to the responsibilty of its community to manage taxation in line with the regulation of the country of residense by themselves.
Also we want to ensure liquidity of the Bricks held by our community, to give them the opportunity to sell their share at any moment.
The liquidity, the missing KYC and the kadaster regulations in the various countries we have been exploring makes it impossible to give legal partial ownership of real estate to the holders of Bricks, as each of them should be individually registered in the Kadaster as partial owners of the property and an adjustment to Kadaster should be made anytime a Brick changes ownership.
Therefore in cooperation with our lawyer we have decided to approach the brick holders of a property as a DAO, where TuruGlobal owns the property but it holds a mortgage with the DAO with the property as colleteral. This is covered in a seperate contract for every DAO. The DAO assigns one representative to be the individual with signature rights representing the DAO. In this manner there is a legal contract between DAO and TuruGlobal, where TuruGlobal borrows the sum of money representing the original value of all Bricks minted and the Real Estate Property is the colleteral against the Mortgage. The contract also states that all revenue (-costs) generated by the specific Real Estate property is provided to the DAO, who in its turn distributes it to the Brick holders proportionally.
Until the moment the DAO assigns another individual with signing rights based on voting, a TuruGlobal member who will also be part of the DAO, representing the TuruGlobal share, will be volunteering to hold the siging rights to have a legal agreement in place between the DAO and TuruGlobal.
Explained in our answer above.
I love the innovative approach. I can’t wait to buy a brick.