XDAO and PARQ launch next-gen real estate stablecoin

XDAO

Provider of an ultra-secure and ultra-simple DAO utility Bali-based tech community developers XDAO and PARQ are working together to issue a PARQ stablecoin.

We believe this is where the real estate industry will go in the 21st century, as it removes much of the ambiguity of the value (and cost) of real estate.

— Vlad Shavlidze, CEO and Founder of XDAO

SINGAPORE, SINGAPORE, April 18, 2022 /EINPresswire.com/ — XDAOthe tailor-made provider of ultra-secure and ultra-simple DAO utilities for professional customers and PARQDevelopers from a Bali-based tech community, are working together to issue a PARQ stablecoin, which can be used to pay for PARQ services, like rent or other services to PARQ or even to acquire a stake in PARQ real estate assets.

Based in Ubud, Bali, Indonesia, PARQ (https://parqubud.com) is a $100 million mixed-use residential and commercial real estate development, which has become Bali’s largest tech hub residential community and is the first in a series of planned PARQ residential communities around the world, offering turnkey solutions to the creative class of blockchain programmers, fintech executives, software developers, artists and other global digital nomads. XDAO is one of the largest residents of PARQ Ubud, making full use of commercial, residential, retail, culinary, event and health and wellness facilities.

PARQ stablecoins will allow individuals and corporate clients, like XDAO, to pay for products and services in PARQ projects, or acquire a stake in specific PARQ real estate assets. The Tokenomics mechanic, developed exclusively by XDAO on the XDAO DeFi platform, consists of several steps. In the first stage, a stablecoin is issued with XDAO and PARQ working together to manage and control these stablecoin issuances. Then, end users can go down two paths: token holders can simply use their stablecoins to pay for rent or office space rental at PARQ Ubud (and eventually at one of PARQ’s global locations). Alternatively, stablecoins can be used to stake desired services, including for residential or office rent, which effectively functions as a transferable form of ownership/right to real estate assets, with the end user virtually “owning” the property concerned. as long as the stablecoin stake remains in place.

“We believe this is where the real estate industry will go in the 21st century, because it removes a lot of the ambiguity of the value (and cost) of real estate, creates a layer of intelligence when s manages international control/ownership of real estate independent of local laws, and makes real estate investments highly portable – stablecoins can be staked and unstaked as a person or business moves from location to location other,” said Vlad Shavlidze, CEO and Founder of XDAO.

While PARQ is currently focused on developing PARQ Ubud and other locations in Bali, its owners are already actively looking to develop a network of new PARQ communities around the world.

“We model our business on the Greek concept of the polis – these city-states have been used to create citizen-empowered urban centers for the arts, entrepreneurship and intellectual discourse for millennia,” said Andre Frey, co -founder and CEO of PARQ. “We would like to redefine the very concept of what this means – ‘owning real estate and building community’ – bringing flexibility, liquidity and a true transnational community to our residents. We view blockchain technologies, stablecoins and DAOs as an opportunity to build and manage “cities of the future” with the active contribution and involvement of our community members, and we are excited to leverage the expertise of XDAO for this purpose.

Open to enterprises in November 2021, XDAO’s framework platform offers point-and-click functionality for building DAOs, removing all the complexity and routine decision-making from the process of establishing a DAO for an organization. DAO platforms are gaining popularity with commercial clients, such as hedge funds, charities, gaming guilds, real estate developers and fund managers are paving the way for the use of asset management platforms. decentralized and transparent funds that provide an option to make collective decisions and make joint decisions. financial responsibility.

Although XDAO’s solution is designed to appeal to high-end product-oriented non-techies, being to DAO what iPhone versus Android is to smartphones, it is one of the most secure DAO platforms on the market. , having excelled in multiple hack and stress tests. . XDAO has passed two security audits and is trusted by some of the biggest names in the blockchain industry, such as Binance Smartchain, HECO Chain, Polygon, Near Foundation, and Optimism.

Currently, XDAO is experiencing explosive growth in assets under management, a trend that is expected to continue due to the inherent features and benefits of the XDAO platform. All XDAO products and services are free for its customers. Going forward, the basic feature set will remain free, while monetization will focus on charging customers for premium services.

About XDAO

Based in Singapore, XDAO is a DAO umbrella company, providing efficient and convenient tools for businesses to deploy DeFi services. With XDAO products, professional clients can create a DAO, deposit crypto assets, manage them by voting, and interact directly with DeFi protocols. All XDAO products are developed with the same philosophy in mind: they are modular, based on gasless off-chain voting and use XDAO Connect Bridge to interact with DeFi protocols. XDAO makes money by selling premium services to its customers through XDAO tokens. For more details, please visit: http://XDAO.app

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