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Xcavate

Xcavate is democratizing real estate investment with blockchain technology for accessible, efficient, and sustainable property ownership.

Xcavate: Revolutionizing Real Estate Investment through Blockchain Technology

Addressing Critical Challenges in Real Estate. The global real estate market, valued at over $378.7 trillion at the end of 2022, represents the largest store of wealth across all sectors (Source: Savills article by Paul Torstevin). However, a significant disparity exists, with nearly half of the world’s wealth owned by just 1.1% of the global population (Source: Credit Suisse Global Wealth Databook 2021). The complexity and need for trusted intermediaries in real estate investments often exclude average individuals from participating in lucrative opportunities.

Additionally, the real estate sector is a major contributor to global carbon dioxide emissions, accounting for nearly 40% of the total emissions (Source: Forbes article by David Carlin Apr 5, 2022). Of these emissions, 70% come from building operations, while the remaining 30% arise from construction activities. Furthermore, homelessness remains a pressing issue, with an estimated 150 million people worldwide lacking adequate housing (Source: The World Economic Forum website article by Patrick Henry Oct 2021).

What is Xcavate and its Innovative Solution?

Xcavate aims to democratize real estate investment by aligning the interests of small to medium-sized developers, investors, and tenants. The platform increases capital and technical efficiency, reduces friction through automation, and eliminates intermediaries by leveraging digital identity, decentralized applications (dApps), and oracles. This transparent and auditable protocol ensures trust-less accessibility and security in the real estate market.

Key features of Xcavate include:

  • Lending & Asset Tokenization Protocol: Facilitating investments through tokenization, making real estate assets easily tradable.
  • Investor-Controlled Real Estate Structure: Allowing investors to have a say in property management.
  • Decentralized & Community-Controlled Platform: Ensuring a fair and inclusive investment environment.
  • Lower Fees and Quicker Settlements: Enhancing liquidity and reducing costs for investors.

Xcavate Simplifying Property Investment

Xcavate’s platform allows users to browse, select, and purchase property fractions, simplifying the investment process. This approach spreads risk and lowers entry barriers. Properties listed on the marketplace undergo rigorous verification, including checks for Title Deed Ownership, Planning Permission, Build Quality, and Price, ensuring authenticity and accuracy.

Investors can purchase as little or as much of a property as desired, with voting rights to influence property management decisions. Reselling property tokens is straightforward, with listings on the marketplace completed in minutes.

Steps to Invest with Xcavate

  1. Connect & Verify Digital Identity: Ensure secure and verified access.
  2. Choose a Property and Purchase Fractions: Select properties and invest as per preference.
  3. Agree to Smart Contract Terms and Digitally Sign: Secure the investment agreement digitally.
  4. Make Payment and Receive Property Tokens: Complete the transaction and acquire tokens.

Eco-Rewarding Real Estate Developer Loans

Xcavate’s loan application process is streamlined and incentivizes correct evaluations by rewarding successful loan evaluators and penalizing unsuccessful ones. The platform’s eco-rewarding mechanism offers better loan APRs for environmentally friendly constructions, promoting sustainable development. All transactions are securely recorded on the blockchain, ensuring transparency.

The process includes:

  1. Digital Verification of Borrower and Land: Secure the identities and land ownership.
  2. Build Valuation and Risk Rate for Personal APR: Assess the project for tailored APR.
  3. Digitization of Title Deed as NFT: Represent property ownership digitally.
  4. Fund Release in Stages Based on Build Schedule: Ensure timely and regulated fund disbursement.

A Fairer and More Sustainable Future

Xcavate utilizes a portion of the fees generated through the marketplace to address environmental, ecological, and social issues. The realXchange application allows project managers to create NFT marketplaces with built-in fund release mechanisms controlled by NFT holders. This innovative approach supports local community projects, enabling direct engagement and fair project delivery.

Steps to engage with realXchange:

  1. Project Manager Connects & Verifies Digital Identity: Secure the project manager’s identity.
  2. Project Details and NFTs Minted & Listed on Marketplace: Create and list project NFTs.
  3. Buy NFTs and Vote on Project Stages: Engage investors in project progress.
  4. Funds Released Based on Successful Project Evidence: Ensure transparent and stage-wise fund release.

Xcavate also commits to offsetting its CO2 footprint by purchasing carbon credits, aiming to create a planet-positive platform. This initiative aligns with the environmentally friendly ethos of the Polkadot network, on which Xcavate operates.

Conclusion

Xcavate is transforming real estate investment by making it accessible, efficient, and sustainable through blockchain technology. By addressing critical global challenges and offering innovative solutions, Xcavate provides a fair, transparent, and inclusive platform for investors and developers alike.

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