โ๏ธHow it Works
How FractIt Works
FractIt empowers individuals to invest in real estate using both cryptocurrency and traditional fiat currency. Here's an overview:
Investment Process:
Property Selection: Users can browse and select properties listed on the FractIt platform.
Fractional Ownership: FractIt utilizes Fractible (FractIt's Non-fungible tokens) to represent fractional ownership of these properties. When a property is purchased, a corresponding Fractible is minted.
Fractible Distribution: The minted Fractible NFT is then transferred to the buyer's digital wallet.
Property Management: FractIt Trustee company takes care of the physical property's management and maintenance.
Start earning: Once you have the NFT in your wallet, just stake it on the platform and start earning rental immediately, paid daily to you.
Fractible NFT Functionality:
Liquidity: Fractibles are freely tradable on the FractIt marketplace, enabling users to buy, sell, or transfer their ownership easily.
Redeemability: At any point, Fractible holders can choose to redeem their NFT for the underlying physical property.
In essence, Fractibles serve as tradable and redeemable on-chain tokens representing fractional ownership in real estate assets.
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