[ANN] LandDAO - Your Gateway to Tokenized Land Ownership

[Obari]

~snip~

This is not possible, try to buy any NFT right now on the crypto market using payment in installments, this is simply not doable and also a reason why LanDao wont have such feature

I don't think there is also market for such service as allowing people to buy NFTs using payment in installments, if there will be such probably we will have already a token or service that will make it happen and enough to simply use it to be able to do it.

Most times, it’s always very profitable to be the first to start things and I think there are still some possibilities that someone would buy these lands in installment payment and I also understand that most of the people suggesting an installment payment are only focused on the physical aspect of the LanDao vision without paying much attention to the digital aspect and one thing about all of these is that, the physical can’t work without the digital and vise visas but regardless, I think for someone who wants to pay in installment, the LanDao term could possible make some sort of arrangements for them where they will be allowed to pay for these their land in installments without getting tokenized pending when the full payment is made and by so doing, the intending investor will be very committed to completing their purchase plans and also be able to get tokenized.

[mvdheuvel1983]

As they are just starting I don't think installment payment is necessary since the team already knows what and what will be needed to make every investor to have a complete documentation of their land without any issues.

One other reason why they shouldn't be accepting instalment payments is the issue of location of the lands, you don't expect LandDAO to issue certificate of ownership of lands to a customer who is in a different place who haven't made a complete payment to them because if they accept such kind of payments a lot of people will make instalment payments for lands instead of completing the money they will rather wait for the land to appreciate so they sell it and make more money from the sells.

There are some people that will make an agreement to have a 2 times payment package but when it is time for them to balance up they find it difficult to pay, LandDAO should discourage instalment payments to avoid a lot of financial issues.

[Promocodeudo]

I’m sure the LanDao team should be able to read the suggestions of users here and try to reconsider the option of installment payment but also try to have a concrete arrangement and regulations for these term

Mate I think this issue of instalmental payment of a thing has been over emphasized, for me, I think we should the decision taken by landDAO to this effect as a well calculated one, I think they took this decision for a good reason may be to give their potential investors a good services, I think @futurexx has said it already that if landDAO allows such pattern of payment it may lead to more influx of investors which I believe is true but for the fact that landDAO has taken this decision, I believe they made right decision for themselves and I also believe that as the projects keep kicking, they may want have a rethink on this and may also initiate a review  to that effect, I somuch believe in continuity and continues decision review, buddy am not disputing what you said rather I think they have taken their position on this which should be allowed to to scale through for the time being, mate don't get it twisted please, I was just trying to make my view know on this over stressed opinion.

[Futurexxx]

Having known this, I'm poised to ask how much more countries are LandDao will to expand to because some of ones desired country of investment is not on the list of countries where they are going to be practical land selling so will there be more expansion or it's just limited to certain countries which aspects the terms or provides a poxy land acquisition.

I think it's just common sense that  we normally see in our daily lives that Investors and even landDao will definitely expand to anywhere they sees more opportunities, and I wouldn't be surprised if they explore the whole of Asia, Africa and even eastern Europe, so if opportunities are in any geographical area around the world, landDao will want to take it.

[Lida93]

Did you know I talked about this same instalments package and how it could probably benefits the said LandDao if they could just create in a system for such initiative to thrive in their business. A practice I found not common among real estate companies which utilizes blockchain technology in land acquisition. I think it would put them on the map for diverse clients. Although am yet to get a response from that comment about what they think about it or they aren't ready yet for such phase.

But since they have mentioned no installment payments, perhaps LandDAO sells their land at affordable prices, as this may be the only way for everyone to buy land easily from them.
 

Well, you should know that land can't just be sold at any affordable prices no matter what, there are factors that influences land value and am sure those are what any real estate firm takes into consideration in valuing a land when buying or selling.

I get your point on the installment payment for those who can acquire lands via installment payment.

In as much as i understand your point i still agree with the decision of LandDAO not accepting installment payments.

We know how installment payment ends up most times. Some won't meet up with payment or not pay at all. And I think they disagreed with it not to be on the loss. Maybe as time goes on they can look into installment payment.

I am glad you understood my point  though you have to not embrace it. But just so you know, such instalment agreements does come with some conditions to the signatory who wants to own a land but through instalments. The conditions they could set which will be legally binding would be that if the buyer is unable to pay fully by a given set of 1 or 2 years interval to meet up with total pay. It's all about business initiative and there's no way anyone would want to stop half way after knowing they signed a contract that can forfeit their uncompleted payment, not to talk of leading to a disagreement.

[Hazink]

~snipped~

One thing about NFTs is that only one person can own one of them at a time, which means your name is attached to the allocated NFT, which can be tracked through GPS, which is linked to it, and if you want to sell any of your acquired land or rent it out, that will be done based on transfer of ownership, which the company will have to be aware of and take care of the whole process. This is a general view of how I have known NFTs to work and how real estate also handles their clients and partners.

[Ivystar5]

[snip

I think it's just common sense that  we normally see in our daily lives that Investors and even landDao will definitely expand to anywhere they sees more opportunities, and I wouldn't be surprised if they explore the whole of Asia, Africa and even eastern Europe, so if opportunities are in any geographical area around the world, landDao will want to take it.

I agree with you, they would likely explore more the globe in general but then did anyone else notice the restrictions on different countries that can and can not acquire land on LandDao? that is a major problem to me because I might be residing in one of this countries especially the USA anytime soon and it's citizens are not allowed to own properties on LandDao.

So the expansion I was referring to isn't just about the areas they had lands/RWA already but the areas in which someone can reside an acquire this investments.

[Proty]

[Edited out]
  I think LandDAO has good reasons for not accepting payment in installments because if clients are unable to meet the payments, it may have its own effects. However, in researching LandDAO, I found that one of their benefits is to make buying land easy. This led me to consider the idea of installment payments, which common people could also benefit from. But since they have mentioned no installment payments, perhaps LandDAO sells their land at affordable prices, as this may be the only way for everyone to buy land easily from them.

Even if LandDAO are not offering installmental payment I believe if they should corporate this strategy it will definitely benefit them by increasing the size of investors that would want to invest in the company
Also no matter how affordable you may think the lands in lanDAO is ,not everybody can be able to afford this reason being that sources of income differ and there are people that don't earn money on monthly basis and they can only afford land from lanDAO on installmental basis

[crypto mania]

...LandDao has an interesting feature which I so much admire, the fact that one can actually buy a portion of land and become a co-owner  with other investors. Does this imply that a portion of land for example can be fashioned into fragments and one can buy a certain fragments in digital asset?

No. Each NFT represents one whole, indivisible parcel.

Please let me understand it correctly

LandDao Team will buy some land and this hall parcel will be tied to single NFT token which one can buy on open market created for this purpose, correct?

or will this parcel be divided into many smaller once and this is how it will be sold as NFTs?

[Hazink]

No. Each NFT represents one whole, indivisible parcel.

or will this parcel be divided into many smaller once and this is how it will be sold as NFTs?

When they say something is indivisible, it means it will remain like that, and one NFT is tied to one parcel of land, and it can only be like that. Legally, it can't be divided, and if the first owner of the parcel of land, which is linked to the NFT, wants to resell it, they won't have to divide the land and sell it; instead, they will sell the whole land to the new owner, and there will be nothing like dividing it.

[MainIbem]

I agree with you, they would likely explore more the globe in general but then did anyone else notice the restrictions on different countries that can and can not acquire land on LandDao? that is a major problem to me because I might be residing in one of this countries especially the USA anytime soon and it's citizens are not allowed to own properties on LandDao.

So the expansion I was referring to isn't just about the areas they had lands/RWA already but the areas in which someone can reside an acquire this investments.

I think that on the long run the restrictions on those countries would be uplifted thereby giving residents of those countries the opportunity to participate in this new development but for the mean time I don't see any reason why you can't own lands in other countries, since there's no restrictions in some African, Asian and European countries where LandDao specified that they'll acquire lands from you can decide to go purchase land in those countries, you could buy as much as possible then sell anyone in the future for a higher amount and go buy in the USA when the restrictions on LandDao is uplifted. In general what am trying to say is that the fact that there's a restrictions in some countries you'll like to reside in the future doesn't mean that you can't acquire lands through LandDao from the ones where there's no restrictions.

[Futurexxx]

When they say something is indivisible, it means it will remain like that, and one NFT is tied to one parcel of land, and it can only be like that. Legally, it can't be divided, and if the first owner of the parcel of land, which is linked to the NFT, wants to resell it, they won't have to divide the land and sell it; instead, they will sell the whole land to the new owner, and there will be nothing like dividing it.

What you are saying is actually true, but am just curious since landDao buy lands in acres or I will say in bulks, is it that those acres will be split into NFT or as bulky at it is will be made into NFT?
Because most people might not get a proper understanding of what landDao truly mean by the above explanation.

[Obari]

I spoke about the issue with traditional lands and haven’t gotten any response from the @LanDao team specifically about it and my curiosity is on the issue with acquiring traditional lands(irregular land shape ) or are the team only focused on buying square and regular shaped lands?
Also I have a land directly under my mandate to sell and is a family land and at the moment there are no legal bindings except for deed of conveyance and I also went through the LanDao site and it seems the land sell procedures on the LanDao would only favour someone with government registered lands.

There are people that own lands that are not government registered especially in rural to urban environment and maybe don’t even have access to the LanDao site, eBay’s the hope of persons like this?

[Ivystar5]

I think that on the long run the restrictions on those countries would be uplifted thereby giving residents of those countries the opportunity to participate in this new development but for the mean time I don't see any reason why you can't own lands in other countries, since there's no restrictions in some African, Asian and European countries
[snip]

Basically the population in the USA is a good one and having such a high capacity country restricted is probably going to reduce the level of patronage the project is supposed to have, I'm looking at the future experience of customers as potentially investors or land buyers could be in the USA, not just the US but other countries that are restricted, we know I'm the world economy today some countries tend to embrace techs and innovation like the one LandDao is offering. However I would agree that it could be lifted later and it's really going to be beneficial to the project not only the investors.

[MainIbem]

I spoke about the issue with transitional lands and haven’t gotten any response from the @LanDao team specifically about it and my curiosity is on the issue with acquiring traditional lands(irregular land shape ) or are the team only focused on buying square and regular shaped lands?
Also I have a land directly under my mandate to sell and is a family land and at the moment there are no legal bindings except for deed of conveyance and I also went through the LanDao site and it seems the land sell procedures on the LanDao would only favour someone with government registered lands.

When you mean transitional land are you talking about the shape of the land or the use case, cause LandDao made it clear in their YouTube clip that they offer two types of lands (residential and agricultural farm lands) and buyers or investors are the ones that would determine the use case for the land they purchased through LandDao. As for the shape of the land, I urge you to take a chill pill cause I believe there's a team on ground that would attend to that question, then concerning land you're eager for LandDao to purchase, since you've gone through their site and see that they only favour someone with government registered land why don't you act according to their procedure and register the proclaimed land with the government then you may get their attention, that's if they're willing to purchase any land in the region where you're located.

[Zackz5000]

I completely understand what you are trying to explain but you need to understand that this is not Bitcoin or any other altcoins projects you can buy as little as you can, even in units.

Bitcoin and other altcoins are that way because it make purchase easier and buyers don't have to worry about buying at excessively expensive prices like with bitcoin right now where you need to have a relatively strong financial standing to buy 1 or more of it at once, I suppose Real World Assets don't work like regular crypto assets, because if they did then buying in units would be possible, buying in units rather than having to buy whole token would have been a really good idea, still I like the idea that they are going to make land tradable on blockchain, it opens up alot of possibilities for future land owners who would want land for private living of for various agricultural purposes, land purchase ultimately gets easier with LandDAO, people go through alot of hassle just to buy land, and in some places buying land is one thing, developing it is another, you will still have to get necessary permits from government agencies before the land can be developed but it seems LandDAO has the whole thing covered and buyers don't have to worry about such inconveniences with them.

[Promocodeudo]

...I agree with you, they would likely explore more the globe in general but then did anyone else notice the restrictions on different countries that can and can not acquire land on LandDao? that is a major problem to me because I might be residing in one of this countries especially the USA anytime soon and it's citizens are not allowed to own properties on LandDao.

Having gone through all you said I think I understand you very well but I think whatever decision landDAO has taken to that effect may likely be reversed in the future, for now the have taken this decision, is just like some other firms that decide to restrict some areas where they can't render there services to at first for some reason that we wouldn't know, having said this, I will also want to know how landDAO will handle a situation where by potential investors that are interested to own lands in those areas they restricted keep persuading or will I say keep coming in their large numbers to invest in landDAO, will landDAO want to lose this set of investors in their numbers just because of their existing decision, may be I will like to get a clarification on that, this question goes directly to @landDAO team.

[Obari]

…So the expansion I was referring to isn't just about the areas they had lands/RWA already but the areas in which someone can reside an acquire this investments.

…I think that on the long run the restrictions on those countries would be uplifted thereby giving residents of those countries the opportunity to participate in this new development

I don’t think, owning a land with LanDao gives you direct right to live in the country where you work the land, but rather it gives all rights of land ownership even without having to living in the country.
With the help of LanDao, one can actually acquire land in other countries and get it tokenized in NFTs and that alone gives you access tickets to live round the world.

Now another problem is the fact that, every country I believe have their different land regulations and laws binding them and what is the fate of the investor if there’s any challenge since they’re not in same country?

[Agbamoni]

I don’t think, owning a land with LanDao gives you direct right to live in the country where you work the land, but rather it gives all rights of land ownership even without having to living in the country....

No rush my friend. When you have the Land with LandDao you can visits to see it in persons whenever you feel like it. Before you can start living them you need to have residence permit in that country.

This will take you to come for studies or for work until the number of years you can have the permit to stay as long as you want to stay. But if you want it faster, the best way is to build an organization or a firm on that land. One that will employ the likes of the government, and create opportunities for citizens and the locals. Only that way you can be granted residence permit.

[Promocodeudo]

Also I have a land directly under my mandate to sell and is a family land and at the moment there are no legal bindings except for deed of conveyance and I also went through the LanDao site and it seems the land sell procedures on the LanDao would only favour someone with government registered lands.

Although landDAO has to answer this question directly because this question is making a whole lot of sense but if if am allowed to say something about this, I will say that since landDAO has made it clear that they'll only be interested in government registered land with all the necessarily documents in my own understanding I think they also want to be on the safer side, yea individual might be the original owners of those land but there should be evidence from the government validating that they actually own the lands in question although I might also be over thinking in this aspect, landDAO over to you guys.