After two years of working in the stealth mode, our team is excited to announce the official launch of EstateDAO on the Internet Computer Protocol (ICP). Estate DAO is a decentralized Vacation Rental platform, akin to Airbnb, but with a unique feature – the option to tokenize Vacation Real Estate. In essence, users can not only own fractions of vacation rental properties worldwide but also enjoy stays in their partially-owned rentals, while generating passive income from these Real-World Assets. EstateDAO marks the beginning of a revolutionary path, seamlessly merging the security of Real Estate Assets with the cutting-edge capabilities of blockchain technology, all powered by the Internet Computer Protocol (ICP).
There has been several challenges with the current AirBnB Commissions model. Property owners grapple with high commissions, ranging from 5% to 15% or more, impacting profitability, especially for small-scale hosts. For instance, a property rented at $200 per night with a 10% commission could result in a host losing $140 for a week-long stay. Guests, on the other hand, bear high service fees again, ranging from 5% to 15% or more, leading to a total cost significantly higher than the advertised nightly rate. This pricing structure leads to an average of 20% - 30% commissions for AirBnB and also poses a significant challenges for budget-conscious travellers. The dual impact on owners and guests raises concerns about Airbnb’s commitment to a fair and sustainable marketplace, prompting discussions about the need for a better platform (preferably a DAO-managed), and more equitable fee structure to preserve the platform’s core values and long-term sustainability.
Additionally, Vacation Rentals has been marred with several other problems and how Estate DAO is looking to solve these problems:
Barrier to Entry and High Costs: A major obstacle in conventional real estate investments is the need for substantial capital and therefore the restricted availability of this investment class. EstateDAO enables people from diverse backgrounds to possess and invest in vacation real estate by dividing these assets into affordable and manageable fractions.
Illiquidity of Real Estate Assets: One of the main challenges of investing in real estate is the lack of liquidity. Selling real estate assets can be a very stressful and time-consuming process for most investors. EstateDAO addresses this challenge by creating a marketplace that allows investors to buy and sell tokenized NFTs of the properties listed on the platform, offering a smooth and convenient experience to the investors.
Complex Real Estate Purchases: Real estate investment is a fundamentally intricate process that involves various legalities, intermediaries and due diligence. EstateDAO offers a simplified solution for those interested in this asset class by digitizing the entire process, eliminating the unnecessary complications and facilitating the acquisition journey.
Fraud and Scams in Vacation Rentals: The vacation rental industry is rife with frauds and scams, where untrustworthy individuals exploit naive customers. EstateDAO features only verified properties that have passed a thorough screening process by our in-house scouts and community members. This guarantees the quality of the properties and lets the users have a peaceful vacation.
Unreliable Vacation Rentals: Many vacation rentals have problems with cleanliness and safety. EstateDAO ensures the service and security of its properties by entrusting professional property managers and community members (token holders) with the meticulous management of the listed properties.
Challenges in Generating Returns: Managing and generating returns from real estate properties is a daunting task. This requires active management and significant amount of time and effort, while incurring significant cost. By employing professionals to manage every aspect of the property, EstateDAO enables its investors to maximise their investment yields while enjoying a seamless and hassle-free experience.
How the Estate DAO Platform Works
With EstateDAO, users have the opportunity to be part of a transformative movement that revolutionizes the traditional vacation home market. Explore fractional ownership, trade EstateNFTs, and book your dream vacation with ease! EstateDAO is reshaping the future of vacation home ownership.
EstateDAO: Your Gateway to Fractional Ownership Worldwide
Discover the practicality of obtaining fractional ownership in your dream vacation homes globally with EstateDAO. Entry points as low as $100 open doors for individuals to engage in the real estate market. The innovative approach involves dividing vacation properties into units, each represented by NFTs, granting ownership within a dedicated Special Purpose Vehicle (SPV) created to hold the real estate asset securely.
Efficient Ownership Exchange with EstateMart
EstateMart, our cutting-edge marketplace, enables owners to seamlessly trade their ownership stakes in vacation homes using EstateNFTs, all with minimal transaction costs. This dynamic platform enhances liquidity in what has traditionally been an illiquid market, offering owners flexible entry and exit options.
Empowering Users to Earn Through EstateDAO
EstateDAO empowers users to generate rental income and capital appreciation by holding tokenized ownership of vacation homes through EstateNFTs. With all EstateDAO properties professionally managed and dedicated rental services in place, NFT owners can maximize their rental yields and achieve a substantial return on investment (ROI).
Exclusive Booking Opportunities with MyEstate
MyEstate introduces a unique perk for EstateNFT owners – the ability to reserve complimentary stays (time-sharing benefits) in meticulously curated vacation homes. This exclusive benefit is facilitated through EstateNFTs, granting owners a share of the time-sharing arrangement for the property.
Join EstateDAO to embark on a journey where buying, trading, earning, and booking seamlessly come together. Elevate your real estate experience with EstateDAO’s revolutionary approach to fractional ownership, liquidity, and maximizing returns. It’s time to redefine your vacation home journey.
Visit our website and read our whitepaper for more information on the project. Thank you!