Project Name: XRealEstate Project Track: Web3 Team Name: XRealEstate Team Team Member(s): 1 members - @AKing1997 DevPost Project Link: ( XRealEstate | Devpost)
Project Goal:
XRealEstate aims to revolutionize the real estate industry by tokenizing physical properties, allowing users to invest in fractional ownership of real estate assets securely and transparently through blockchain technology.
Project Value:
XRealEstate integrates blockchain technology to ensure secure real estate transactions by utilizing smart contracts and KYC verification. This guarantees that all participants in transactions are verified individuals. The platform tokenizes real estate assets, allowing users to easily buy, sell, and manage fractional ownership of properties on a decentralized marketplace.
Connect your TRON-based wallet (currently supporting TON and TRC wallets).
Register and complete the KYC verification process.
Contact us via Telegram at @AKking1997 to verify your account. Please send your wallet address.
Explore available real estate properties, select a tokenized asset, and make a purchase.
Track your investments and fractional ownership directly on the platform.
Project Details:
XRealEstate is designed to simplify real estate investments by providing a marketplace for tokenized properties. The platform allows users to buy and sell fractional ownership, with all transactions secured by smart contracts on the TRON blockchain.
Hi Mr. @AKing1997
XRealEstate is truly paving the way for the future of real estate investment! By tokenizing physical properties, you’re not only making real estate more accessible through fractional ownership, but also ensuring a level of security and transparency that the industry desperately needs. This innovative approach will empower a diverse range of investors and open up new opportunities for wealth building. Kudos to the team for embracing blockchain technology to transform how we think about property ownership!
Thank you so much for your kind words and support! We’re thrilled to hear that you appreciate the vision behind XRealEstate. Our goal is to revolutionize the real estate industry by making property ownership more accessible and secure for everyone through tokenization and blockchain technology. Your feedback truly motivates us to keep pushing the boundaries and improve the platform. We’re excited to continue working towards empowering a diverse community of investors and reshaping the future of real estate. Thanks again for your encouragement!
Welcome to hackathon session 7
Your project is quite interesting, in terms of fraudulent activity what steps do you put in place in protecting of users data, and how are you going to handle potential increase in transaction and data.
Thank you for the welcome! I’m excited to share how XRealEstate addresses user data protection while managing potential increases in transactions and data.
Protecting User Data from Fraudulent Activity
Blockchain Technology: In XRealEstate, we will not store user data directly on the blockchain. Instead, we will generate a hash (using SHA-256 or SHA-512) of the relevant data, which will be stored on the blockchain. This approach minimizes transaction costs while ensuring data integrity and security.
Data Security and Regulation Compliance: Our implementation prioritizes not only security but also compliance with regulations specific to each country we operate in. We are committed to ensuring that our platform meets local regulatory requirements while facilitating legitimate transactions.
KYC and AML Compliance: We will implement Know Your Customer (KYC) and Anti-Money Laundering (AML) processes to verify user identities based on their respective countries. This will help us determine which transactions can be allowed and under what conditions.
Minimizing Transaction Costs: We recognize the importance of keeping transaction fees as low as possible. By limiting the amount of data stored on the blockchain and using hashes instead, we aim to reduce costs associated with each transaction.
External Database for Additional Data: Any additional information we collect will be securely stored in an external database managed by our company. This database will be encrypted to protect against potential attacks, ensuring that user data is safe.
Continuous Improvement of Smart Contracts: We plan to implement smart contracts as needed in the future to automate various processes. This flexibility will allow us to adapt to changing requirements and user needs over time.
Handling Potential Increase in Transactions and Data
Phased Cloud Implementation: We are gradually implementing our cloud infrastructure to enhance scalability. This approach allows us to expand our capacity step by step, accommodating increasing transaction volumes without compromising performance.
Incremental API Development: We will develop and integrate APIs progressively. This allows us to introduce new features while ensuring each component is thoroughly tested before full deployment.
Load Balancing and Performance Optimization: As our user base grows, we will implement load balancing techniques to distribute user requests efficiently, ensuring the system can handle high traffic loads during peak times.
Decentralized Data Storage: We will use decentralized storage solutions for resilience and data availability, allowing us to securely manage large volumes of transaction data.
Commitment to User Security: As a small team, we are dedicated to continuously improving our platform and ensuring user data protection while effectively managing the growth of transactions.
By implementing these strategies, XRealEstate aims to create a secure and compliant platform that minimizes costs and protects user data.
Thank you for your question!
Thank you for your feedback! I completely understand your concerns regarding the current simplicity of the UI. I want to clarify that I have been working on this project solo and only found out about the hackathon a week ago. This is my first time developing on the TRON platform, and I am still learning the ropes.
While I acknowledge that the design may feel empty right now, I plan to gradually improve the UI as I become more familiar with the platform and gather more resources. Your input is valuable, and I appreciate your understanding as I work on enhancing the overall experience.
Welcome to Grand hackathon S7
What is the benefit of purchasing tokenized assets from your platform, after reading through never found any chances of earnings through my tokenized assets how would you address this please or those that means I have nothing to get in return?
You are welcome to the hackathon session 7
By offering fractional ownership through tokenization, your idea of XRealEstate presents a transformative solution for the real estate industry thereby making its investment more accessible and flexible for users to buy and manage properties with ease. I have some question for you
How do you ensure that the value of the tokens corresponds accurately to the value of the physical property?
How will you handle the legal requirements of the fractional property?
Can all the owners of the fractional property participate in major decisions of the property?
hii Welcome to heckathon S7. I have one question: How does XRealEstate make buying and selling fractional ownership of real estate easier using blockchain technology?