The Most Innovative and Rewarding Estate Projects #MIREP
Creating a global secondary market to extend your real estate investment returns while giving properties global value beyond their geographical locations powered by the digital asset Lambatoken.
Have you thought about owing a physical property and receiving free digital asset with the potential to be more valuable than the physical property? continue reading to know more.
What is Lambatoken?
As part of our flagship use case for Lambatoken, Lambabros Deals Limited is partnering with Geo Dynamics Engineering Limited to launch the MIREP powered by Lambatoken estate, thereby revolutionizing, tokenizing and creating secondary market value for real estate acquisition.
How are we Tokenizing Real Estate?
Creating a secondary market to extend your returns on real estate investment while giving properties global value beyond the factors (such as location, infastructure, neighbourhood etc.) that affects it in their geographical locations.
What is Tokenization?
According to Cryptopedia, a token is a representation of a particular asset or utility. Within the context of blockchain technology, tokenization is the process of converting something of value into a digital token that’s usable on a blockchain application (such as crypto digital wallets). Assets tokenized on the blockchain come in two forms. They can represent tangible assets like gold, real estate, and art, or intangible assets like voting rights, ownership rights, or content licensing. Practically anything can be tokenized if it is considered an asset that can be owned and has value to someone, and can be incorporated into a larger asset market.
The concept of tokenization precedes blockchain technology. The financial services industry has implemented some form of tokenization to protect clients’ confidential information since the 1970s. This process has typically involved the conversion of sensitive information such as credit card numbers, social security numbers, and other personally identifiable information into a string of alphanumeric characters, which are then processed through a cryptographic function to create a unique token.
To some extent, this method bears some resemblance to the tokenization process enabled by blockchain technology. However, while past tokenization mechanisms were primarily designed to protect sensitive data, blockchain-enabled tokenization allows for a more secure yet flexible tokenization of assets that has significantly broadened the potential applications of digital tokens across a wide array of industries.
The Problem We are Trying to Solve
According to the Programme for Infrastructure Development in Africa, the road access rate in Africa is only 34 percent, compared with 50 percent in other parts of the developing world and transport costs are 100 percent higher.
If this continues, it will be harder for urbanization to take place or for significant development in certain areas, affecting the appreciation of real estate properties in such locations.
Secondly, Land is Land or better put a dry land is a dry land, but for economical reasons a dry land in California is not the same in Ghana even if they are the same size and dry, this is where the economy of a nation affects the value of real estate in that country, but with our tokenization model, the tokens attached to a piece of property in Ghana can provide extra value to match up with or even more than that of California while the physical property is still with the buyer.
Our Solution
An alternative market that doesn’t depend on the development of a geographical location but will depend on the law of scarcity, supply, and demand from a global perspective. The activities of scarcity, supply and demand in a global market will affect the value property buyers get no matter the geographical location of the property.
The Law of Scarcity simply states: If what we desire “appears” to be in limited supply, the perception of its value increases significantly. While, a decrease in supply of a product while demand remains the same, prices tend to rise to a higher equilibrium. If demand increases while supply reduces on a limited product then their would be constant rise in price.
By tokenizing real estate two markets are created. Viz;
The Primary Market; According to investopedia, the primary market refers to the market where securities are created and first issued, while the secondary market is one in which they are traded afterward among investors.
In the place of real estate, the primary market is the conventional buying and selling of physical real estate asset such as landed properties, buildings and estates between two parties.
The Secondary Market; The secondary market is now the digital market, where value is traded via the Internet based on scarcity, demand, and supply. In the blockchain secondary market, we deal with a significantly wider market that is beyond two parties, where anyone from any part of the world can trade on a particular digital asset creating that opportunity to give more value than the primary market. Another example of a secondary market is the stock market where Company shares are traded.
Who we are?
Lambabros Deals Limited established in 2018, is a purpose-driven technology company established out of a need in the real estate, entertainment, and hospitality industry. We create and manage solutions designed to add significant value to these industries. Through blockchain technology, Lambabros is revolutionizing and tokenizing property asset acquisition with the goal of creating more value beyond the location of a property.
Geo Dynamics Engineering Limited is an industry leader in the design, construction, and maintenance of facilities in multiple sectors of the economy.
Established in 2004, GeoDynamics managed by highly experienced personnel with vast international exposure has established a reputation for low-cost but highly efficient delivery of services while maintaining industry standards.
Our goal is to keep giving lambatoken a solid foundation by creating significant use cases that will help sustain and build its value is the first approach to the MIREP project.
How our Tokenization work?
Step 1 (Token buyback): Each time a property is sold under Lambatoken Real Estate Tokenization Platform, 1% of the property value will be used to buy back lambatoken from the secondary market.
Step 2 (First Token distribution): 0.25% from the 1% is assigned to the buyer of the physical property. You buy our tokenized property, you get the physical piece of property and 0.25% worth of the property in Lambatoken for free. This 0.25% worth of Lambatoken is locked for a minimum duration of 12 months to gain value over this time after which, you can choose to liquidate.
Step 3 (Second Token Distribution): 0.025% from the 1% is assigned to the Realtor (i.e. 10% value of the buyers amount)
Step 4 (Third Token Distribution — Burning X2): 0.5% from the 1% is burnt, meaning those tokens will never return to the secondary market, to further reduce the quantity there. Approximately 2times of the value given to the buyer will burnt from the secondary market.
Step 5 (Fourth Token Distribution — Reserve): 0.225% from the 1% is reserved for the future so whenever the token is highly reduced it will be used to keep the circle going.
Mathematically;
Lambatoken Total Supply: 45,000,000LBT
Lambatoken (LBT) listing Price: $0.005/token
You buy our tokenized property, say a house worth $100,000
1% of $100,000 is used to buy Lambatoken from the secondary market = $1,000.
$1,000 worth of lambatoken at the $0.005/token listing price is = 200,000LBT
How the 200,000LBT will be distributed?
First token distribution — 0.25% of the $100,000 physical property worth = $250
$250 worth of Lambatoken at the $0.005/token listing price is = 50,000LBT which is given to the property buyer (this is already a huge amount when compared to the total supply of the digital asset Lambatoken, it means at just $2/LBT for instance, the value of the digital asset assigned to me now matches the value of the house, so the house becomes free when that happens).
Second distribution — 0.025% of the $100,000 physical property worth = $25
$25 worth of Lambatoken at the $0.005/token listing price is = 5,000LBT which is given to the Realtor who connected the buyer.
Third distribution (burning) — 0.5% of the $100,000 physical property worth = $500
$500 worth of Lambatoken at the $0.005/token listing price is = 100,000LBT which is burnt and will never return to the market, meaning for every property sold tokens are burnt and for every token given, approximately nine time (2X) is destroyed to cause more scarcity.
Fourth distribution (Reserve) — 0.225% of the $100,000 physical property worth = $225
So, $225 worth of Lambatoken at the $0.005/token listing price is = 45,000LBT which is reserved for the real estate tokenization and the burning cycle to continue.
If you add 50,000LBT + 5,000LBT + 100,000LBT + 45,000LBT it will give you a total of 200,000LBT which is 1% in Lambatoken of the $100,000 worth of real estate.
What will happen is that the next person buying exactly that kind of property at the same $100,000 price will not get the same 50,000Lambatoken because of price change. Technically, two times (2X) liquidity is provided for 1 that is given out, the law of supply and demand will set-in. The next person buying a tokenized property on our platform gives the person who bought before him or her value on their token. With this buy-back and burning cycle, it will get to the point when buying a $100,000 worth of property one will be getting Lambatoken in decimal units (like 0.001LBT). A similar approach to bitcoin halving ideology and methodology.
Final Step (65 years buy back and quantity reduction plan): This is a 65years buy-back plan, whatever will be the supply after 65years of buy back and burning, that will be the final total supply of Lambatoken. 1% value from any tokenized property no matter the size or scale sold under the platform will be used to buy back. Every burn will be transparent on the blockchain and published on our social media handles.
Conclusion
Blockchain technology comes with transparency (every transaction is done in a public ledger), security and it creates the opportunity for global inclusion. This is the best time to get in, as the tokenized properties you buy now will enjoy more value as the buy-back and burning processes takes place. To get started sign-up here and see the tokenized properties we have.
About lambatoken
Lambatoken first sets of solution are on real estate, community educational platform, NFT decentralized marketplace, lifestyle, interactive eSports, and entertainment. Lambatoken also tokenizes real estate projects thereby creating more value beyond the norm for real estate investors, the next home owner, and digital asset holders, Lambatoken is set to power new digital economies powered by the blockchain.
LambaToken is a driver of new digital economies, creating ecosystems consisting of interconnected sets of platforms that explore new combinations of people, processes, and technology.
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