LandiFy

Demo

About

The problem it solves **Background** Property prices are becoming increasingly expensive and difficult to access for retail investors, especially in rapidly developing tourist areas such as Bali. This has made it challenging for local residents to purchase high-potential economic properties. With blockchain technology, we can tokenize properties, allowing retail investors to gain access to property ownership through a collaborative system (Gotong Royong). **Problem Statement** We have identified several challenges commonly faced when investing in real estate, including: **1. Skyrocketing Property Prices** Real estate prices continue to rise disproportionately to income levels, making it increasingly difficult for individuals to purchase property. **2. Complex and Risk-Prone Purchasing Process** The process of purchasing real estate often involves a long chain of intermediaries, creating opportunities for fraud and lack of transparency. **3. Low Liquidity** Real estate is significantly less liquid compared to other asset classes, making it harder and more time-consuming to sell when needed. **4. Limited Access to High-Potential Properties** Properties with strong long-term prospects are often only accessible to certain groups or privileged individuals. **5. Unequal Opportunity in Property Investment** Not everyone has the opportunity to invest in high-potential properties; access is typically limited to a select few. **Solution** LandiFy offers a solution to bridge these challenges by combining physical real estate with blockchain technology to create a fractional ownership system inspired by Indonesia’s national principle of “Gotong Royong” The key advantages of LandiFy include: **1. Transparency** By leveraging blockchain technology, the public can directly audit all transactions, ensuring full transparency in every process. **2. Affordability** The Gotong Royong scheme enables individuals to own property through small-scale investments, making real estate more accessible to everyone. **3. Security** Smart contracts ensure transaction security and can be transparently verified by anyone on the blockchain network. **4. Inclusivity** Anyone can participate, especially local communities in Bali, who will gain greater access to property ownership with minimal capital. **5. Tokenization** Each token legally represents a fractional ownership of the property and entitles the holder to earn returns from its rental income. **Product** Our product is available on both Web and Mobile platforms, offering a range of features: 1. KYC (Know Your Customer) This feature is essential to prevent money laundering and ensure compliance with regulatory standards. 2. Marketplace This feature allows retail investors to access operating properties. By investing here, investors can earn passive income from property rentals, which is distributed proportionally based on token ownership. 3. Contractions This feature gives retail investors the opportunity to participate in the property development stage at a lower price. The development process is divided into three stages: - Initial Funding In this stage, land will be leased or purchased to prepare for the planned property development. Token prices are lower at this phase. - Development Phase Once initial funding is secured, the project enters the construction phase. Token prices at this stage are higher than in the initial funding phase. Construction progress is regularly updated on our platform. - Investment Phase At this stage, the property is fully operational and generating passive income for token holders. Tokens can also be traded on the secondary market available on the platform. 5. Secondary Market This feature allows token holders to sell their tokens to other investors. It facilitates the transfer of ownership and makes selling property faster and more convenient. **Business Model** LandiFy adopts a property tokenization business model, where real estate assets such as villas, apartments, or hotels are owned fractionally through blockchain-based tokens. This model allows both local and global communities to gain access to property ownership and its revenue streams with low investment, while ensuring continued engagement and benefit for the local people. **Property Management** Properties are professionally managed in collaboration with property management companies. Rental income generated from the properties is distributed to token holders. This profit distribution is executed periodically through smart contracts, ensuring transparency and automation. **Revenue Streams** LandiFy’s revenue comes from multiple sources, including: 1. Property Price Markup LandiFy applies a markup on each property listed on our platform. 2. Token Sales LandiFy charges a 5% fee on every token sold. 3. Management Fees LandiFy receives a 10% fee from the net profits generated by property management. 4. Platform Fees 5. Business Partnerships

How it's made

Challenges we ran into One of the major hurdles we faced while building LandiFy was ensuring the legal compliance of fractional property ownership through blockchain tokens. Challenge: Regulatory Uncertainty Tokenizing real-world assets like real estate involves navigating complex and often unclear legal frameworks. Especially in regions like Indonesia, the laws surrounding digital ownership and asset tokenization are still evolving. Solution : 1. Consulted with legal experts specializing in property and blockchain regulation. 2. Structured our token model to represent profit-sharing rights rather than direct legal ownership (where applicable). 3. Ensured KYC/AML compliance via integrated onboarding processes. 4. Created a hybrid model combining traditional agreements with on-chain logic via smart contracts. Details of Smartcontract 1. Villa Token : https://sepolia-blockscout.lisk.com/address/0xc3f31EeC226D1b7BEE18c965b033332AeC8f1b6a?tab=contract 2. Villa Token Sale : https://sepolia-blockscout.lisk.com/address/0xaC3f3cA277BA5BBd349F55f7Ddc3630246088be8?tab=contract 3. Revenue Share : https://sepolia-blockscout.lisk.com/address/0xC7B883FDff03F4139F84EFB56cf8374C337D8600?tab=contract 4. Github Smartcontract : https://github.com/kadeyasa/landify 5. Github Frontend : https://github.com/kadeyasa/landifyfrontend