COiTON Real Estate Trading Platform

COiTON Token flow
COiTON User Flow
Landing page
Authentication page
Dashboard
Trading page
New LIsting page
Aggrement Page
DAO Approval page

Inspiration

Real estate has emerged as a powerful force in recent years, prompting many homeowners to deepen their market investments. Various real estate systems have been designed to tackle specific industry challenges. Our inspiration came from the idea of bringing real estate on-chain, offering a way for people to invest in properties without purchasing the physical asset. Therefore, we prioritized real-world assets by tokenizing real estate.

What it does

The COiTON platform offers a decentralized solution that functions as both a listing service and trading platform for various properties, including estates, homes, and lands.

How we built it

COiTON was developed using smart contracts written in Solidity, implementing the diamond standard. The backend, built with Node.js, initially stores the listings before sending them to the smart contract for creation. Once the listings are created, they're forwarded to the DAO contract for approval by DAO members, who are land and property administrators across different regions. For the frontend, we employed Next.js, and used TypeScript to integrate our smart contracts with the backend. We initially devised a series of architectural plans for COiTON, starting with the introduction of the DAO. This DAO, consisting of land and property administrators, oversees the approval and verification of listings on the platform. When listing, the agent pays a fee of 20 COiTON tokens, after which the DAO reviews the listing to confirm that the properties are genuinely owned by the agent. Once approved, an NFT is minted for the agent, serving as a trading index where traders can purchase shares in the property. These properties can also be sold in the real world, where an interested buyer initiates a transaction. After settling all matters, a multisig agreement is signed by both the agent and the buyer, confirming the transfer of ownership. In the background, COiTON tokens are transferred to the agent as part of the transaction.

Challenges we ran into

While developing our platform, we encountered challenges with the verification and approval processes, particularly because land laws vary significantly from one state to another within a country. To address these differences and ensure a dynamic and flexible solution, we decided to establish a DAO. This DAO is tasked with overseeing all verification and approval processes to confirm the legitimacy of each listing. Additionally, incentives are provided to the DAO to facilitate this critical function.

Accomplishments that we're proud of

We take great pride in our achievements, particularly in successfully implementing the majority of our business logics and functionalities, including the DAO and the trading platform.

What we learned

During the project implementation, we gained significant knowledge by studying land laws and understanding how real estate trading operates, which led us to develop our own unique trading formula for our platform.

What's next for the Coin Real Estate Trading Platform?

Next for the COiTON Real Estate Trading Platform is to seek grants to transform COiTON into a game-changer within the real estate ecosystem. We are confident that COiTON will have a significant impact.