[1 DAY LEFT] IRO 18 Sin Ming Lane, Singapore
CitaDAO's IRO for 18 Sin Ming Lane is well underway with $537K USD, or 84%, already committed. Participation is open now through May 16th, 0:00 UTC.
Hello Knights,
Welcome back to another exciting biweekly edition of RealFi.
As we announced last time, the IRO went live in April and is still LIVE. Please note that it will be active till 16th May 2023 (0.00 UTC).
“Ok, but what’s this IRO all about?”
Well, there is this amazing property that is situated in the heart of Singapore. It is an industrial unit in Midview City, a mega, integrated business hub in central Singapore.
And what we are doing is tokenizing this piece of Real Estate and putting it on blockchain to democratize ownership. And how are we doing that? By crowdfunding aka IRO - Introducing Real Estate On-chain.
The community can participate in the IRO and commit USDC to receive Real Estate Tokens if the IRO is successful.
This week we have crossed the $207k mark in USDC commitment from the community members and the total amount is currently sitting at $537,627.
And how much amount needed for the IRO to be successful?
$635,000.
What happens to the amount committed if IRO is not successful? This is how it works:
All good till now?
Let's delve into how you can participate in our IRO to access this Singapore property, expanding your interaction with real-world real estate on blockchain.
How to Participate in IRO Via Desktop:
You need to have a web3 wallet like Metamask and make sure you have some $USDC in it.
Connect your wallet with CitaDAO and then you can approve and commit the amount that’d like to, here.
How to Participate in IRO Via Mobile:
Open your Metamask wallet (download it from Play store / Apple store)
Go to the browser section and enter ‘app.citadao.io’
Click on the blue icon on the bottom right icon (blue) and hit ‘commit to IRO’.
Enter the amount, approve, and commit.
Liquidity Pools:
One final announcement we have is regarding the liquidity pools. If you are already a liquidity provider for our pools, we encourage you to migrate your funds to the new pools.
Take off your assets from the old pools & deploy them here.
That’s it for now! Looking forward to the IRO being successful! ✌️✌️✌️
1 more day left!
🗓 Ecosystem Updates
🧠 Great Reads
Future of Tokenization: A comprehensive look at Tokenization and its impact
Can CBDCs, Tokenized Deposits, Stablecoins, and DeFi Coexist?
Tokenization And The Future Of Finance: Unleashing The Power Of Blockchain In Global Markets
🤣 Meme of the week
Contributors: Sujith (Article, Ecosystem Updates, Great Reads, Infographic, Meme); Cheetah (Editor)