The real estate sector is very dependent on financing from banks because by getting financing from banks, one can buy or sell their assets more easily at market prices. But we all know that getting funding from banks is not easy, sometimes people have to fill out various requirements that are sometimes complicated and difficult for ordinary people to understand. For now, there is a blockchain solution that makes it easier for people to get funds by means of collateral. This solution makes it easier for people, especially property owners, to be able to get fresh funds without the need to go through a complicated process like in a bank.
What is LandOrc?
LandOrc is a platform that bridges the real estate sector and blockchain via collateralised lending. The solution offered by LandOrc allows users to convert land titles into Non Fungible Tokens and use them as collateral to obtain loans. Because as is well known, NFT is a protocol that makes it easy to keep ownership and does not allow any manipulation or hacking. Every data stored on the NFT will be in accordance with the original, therefore the NFT protocol is used by many content creators to be able to secure their digital content and trade it on a marketplace that supports NFT. And LandOrc uses the NFT protocol to help users convert their land titles to NFT tokens. Later, they can offer these NFT tokens to other users to get fresh funds.
LandOrc provides security, transparency and enables the real estate industry to thrive through blockchain solutions. This allows landowners to convert their land titles to NFT tokens and users globally can invest in potential lands around the world.
What features does LandOrc provide?
LandOrc aims to be a platform that will bridge the real-estate and blockchain sectors. Here users can get access to a platform that makes it easier for them to get fresh funds by converting land titles into NFT or investing in potential lands around the world.
Following are the features provided by LandOrc:
- LandOrc allows users to be able to digitize their ownership of land into NFT tokens. Later, after going through various review processes, the NFT tokens launched by users can be offered to other users for them to buy.
- LandOrc allows users to stake their LandOrc tokens to earn passive income every day. This reward is generated from interest from Lorc Financing.
- LandOrc allows real estate developers or landowners to get access to financial services which allow them to get loans by means of collateral.
- LandOrc allows users to convert their LORC tokens to fiat to be able to get fresh funds immediately.
What is LandOrc Token?
LandNFT, LORC, and LGOV are the 3 native tokens of LandOrc. LandNFT is a type of token launched on an ERC-721 basis and will serve as a representation of land titles. And LORC is a token type launched based on ERC-20 and will serve as a staking and reward token. While LGOV is a type of token that will serve as a governance token, which means that by holding this token, users have the right to be able to participate in the governance platform. And if users are interested in LORC and LGOV tokens, they can purchase these tokens on the exchange provided by LandOrc.
In Conclusion
LandOrc is a platform built specifically to be a bridge for the real estate sector and blockchain via collateralised lending. Here users can convert their land titles to NFT tokens and apply them to LandOrc for review. Later, after the review is successful, the NFT token launched by the user can be offered to other users and the landowner will get money from the sale of the NFT token. It also allows users globally to be able to invest in potential land by purchasing NFT tokens. Later, the value of this NFT token has the opportunity to increase according to the value of the land. LandOrc is a smart real estate fund in today's crypto market.
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