Moonka: The Leading Fractionalized Real Estate Blockchain-based Platform

TORTOLA, BRITISH VIRGIN ISLANDS / ACCESSWIRE / October 6, 2021 / These days, many brokers and real estate investors are suffering dramatically from ‘ever-lasting’ lockdowns in Ho Chi Minh City, following enforcement issued by the government. This has left several incurred issues in terms of progressing transactions, and without converting their business model to digitalization, many companies might witness catastrophic losses in a matter of time. However, Blockchain technology has been breathing some life into the domestic economy, thus, it’s brought to people’s attention that: “How can Blockchain be leveraged in the real estate industry?”

Moonka model _ Reshaping real estate industry

Do you have any concerns when it comes to investing in real estate? If so, rest assured because Moonka knows it best. Behind the company, there is a group of Moonka experts associated with the ambassadors from each area who handle all the complexities from researching, evaluating, and deciding on the most lucrative real estate with their future profits in return.

Not just yet, this is where the blockchain also comes in. This technology helps tokenize real estate into digital assets, which will be given Security Tokens aka stock Tokens (equivalently 1/1000 of the real estate value) each. By collaborating with the strategy partner – KardiaChain, Moonka aims to Distributed Ledger Technology (DLT) with faith in transparency, security, and safety in the blockchain.

Smart contracts could be used to stipulate the rules and regulations into one solid database to close the transactions in every staking pool. Last but not least, stablecoins are valid for the investors to join the investments and receive real estate tokens.

According to HoREA’s assessment (Ho Chi Minh City Real Estate Association), tokenizing real estate is still at an early stage that the target audience may find familiar to comprehend, yet it will potentially revolutionize the real estate industry as we are living in a fast-paced digital world. Therefore, this Blockchain-based platform makes an excellent stepping stone that influences incredibly the way real estate business operates as well as property ownership.

On the other hand, along with the application of advanced technology, another priority in real estate subdivision is having full, transparent legal records in a professional manner. Simultaneously, it is worth rectifying any legal unit that does not perform well in order to protect the interests of buyers.

Given the high standards of technology, the prices and legal basis seem par for the course.

Recognizing the need to meet the growing investor demand, Moonka wants to build a unified customer experience to trade real estate in a convenient and cost-effective way.

When being a part of the Moonka ecosystem, clients benefit from more competitive prices than the market, the security when going over the legal procedures or time-saving when processing high-volume transactions, which has become a thorough solution many brokers are looking to solve. Not only does it work strategy-wise, but it also respects the importance of legal matters, giving high credibility to the prospects so they will have worry-free in investing online.

Crowdfunding by Blockchain, how?

In order to get involved in this online trading platform, investors must register at Moonka.io to become members. Then, they can deposit through e-wallets that can convert to tokens with the equivalent value in VND. Currently, Moonka accepts two types of stablecoin – VNDT and VNDC for real estate investment. In the near future, they will accept USDT.

A real estate token is proof of ownership.

Any investor making a purchase of real estate shares will be able to own their tokens. Whereas, real estate token is neither fungible nor replicable but stored securely in an e-wallet attached to an investor’s account on Moonka.io, all thanks to Blockchain. Additionally, certificates of land use rights and other legal documents of the house are listed online by the business.

“Any house offered for sale using Blockchain technology is an existing property, with complete legality and transparency to all investors,” said Mr. Nguyen Tan Phong, Co-Founder of Moonka. “The legal basis for the property sale is executed by an authorized representative under the name in the land use rights, on behalf of a group of real estate buyers (in case the buying group authorizes the company). Since it is implemented on the Blockchain platform. All transactions are precisely recorded on the system in real-time and authenticated by a hash that entails the payment vouchers, taxes, fees granted to the buyer’s account.

How does liquidity help generate profits for customers?

Mr. Phong also states that right now there are about 1000 investors. They can resell available digital assets on a peer-to-peer (P2P) network of Moonka, and also mortgage those assets for a loan (if needed) in real-time 24/7. The money will be transferred to the investor’s account right after the sell order is complete. Real estate transfer will be conducted by online voting, so that property will only be sold if the majority of investors (51%) want to sell the house. Lastly, the profits are split by the investment ratios accordingly.

With full consideration, Moonka has to go through an appraisal by a set of criteria to select the potential secondary real estates, which are targeted initially to be priced more attractively compared to the market prices. Typically, Rose Secondhome has a golden position but offering the ideal price, experts believe that it is 7 to 9 percent cheaper than the market. Of course, all products listed on Moonka.io must have land-use rights, transparent legality, and high liquidity.

The best possible scenarios that have happened

After a period of operation, Moonka has successfully closed two real estate deals. B26 was the real estate product first introduced to the market for crowdfunding within only 90 minutes. The first product, B26 real estate, surprisingly raised capital in just 90 minutes. B26 is known as a townhouse based in Can Gio district under a Certificate of Land Use Rights (along with property ownership) using Blockchain technology. It is divided into 1,000 shares, with an asking price of 3.2 million dong/ each. More importantly, investors can be eligible for 100,000 VND of cashback once the transaction is successful, meaning the actual value costs 3.1 million VND per share.

The second listed product, Rose Second-home, also proved a remarkable success for raising successfully 1,000 shares with the participation of 28 investors. But what seems to be interesting is that Rose Second-home is a product that exploits the niche market of the real estate sector, yet it sold out in just 60 minutes, setting a new record in Moonka’s latest achievements.

Trust is now established by protocol instead of “relationship”

As more real estates grow, individual investors are increasingly seeking out a wide range of products with ideal offers to jump in. Though this is just the beginning of promising outcomes, in the future, Moonka will drive a shift in consumer interest in specific and real estate aspects in general.

Moonka Team

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Contact information:
MOONKA Ltd
18 Pasea Estate Road Road Town
TORTOLA, VG1110 BRITISH VIRGIN ISLANDS

Certificate: 8C158EFC41, NO.2065028

Website: Moonka.io
Email: help@moonka.io
Telegram: https://t.me/moonkaio
Channel: https://t.me/moonkaofficial
Facebook: https://www.facebook.com/moonka.official
Twitter: https://twitter.com/MoonkaOfficial

SOURCE: Moonka

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