Connect with us
Our website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

News

Pioneering Real Estate Lending Platform LandOrc Gets Its Pioneer Investors

gbafNews28

DUBAI, UAE, Aug. 29, 2021 /PRNewswire/ — Bridging the USD 500 billion Real Estate Funding Gap via USD 19 billion and growing Decentralised Finance pool.

LandOrc is pioneering a new way of collateral based lending for the real estate industry. Specially focusing on high base lending rate markets with annual property development spends in the region of USD 500 billion. Property developers in the markets are seeking lower cost of capital to improve their profitability.

Sample of the base lending rates across key regions and some of the countries are below :

Key Region

Sample Country

Base Lending Rate

Latin America

Argentina

67%

Brazil

37%

Africa

Congo

27%

Angola

19%

Eastern Europe

Uzbekistan

24%

Ukraine

20%

Asia

Iran

18%

Mongolia

17%

Source : World Bank

On the other end, growth of the decentralised finance products have been based primarily on virtual assets. Availability of real world assets like land, provided as a collateral against lending, provides a greater level of reassurance to the crypto investors operating on decentralised finance. This land collateral is in the form of NFT (Non Fungible Token) with oracles bringing in other physical world data points associated to the land title on-chain.

Thus bringing greater transparency and pace for transactions via blockchain. An analysis of Ethereum wallets show that 99% of wallets are still not involved in speculative financing activity and hence would see value in land collateral based lending.

A number of property developers from high interest markets in Asia and Africa have already lined up their projects for lending along with a collateral thus ensuring there is a flow of potential projects.

LandOrc opened up their platform to early stage investors on the 15th of August for them to understand the business, working of DApps (decentralised applications) and buying LandOrc (LORC) tokens.

LORC tokens are the sole means available for staking or lending on the LandOrc platform. They are available for purchase on the platform itself and decentralised exchanges like Uniswap. Thus offering investors multiple opportunities to participate in the LandOrc platform.

With all its smart contracts listed on Etherscan and security checked by Entersoft, an Australia based IT and Blockchain security expert.

The entire DApps from NFT creation to token staking is available for viewing for the community to better understand the process.

The launch has been very well received by the investors, these pioneers have already bought the entire seed round. Like the early days of Bitcoin these pioneer investors have received the first block of LORC tokens.

The pioneer investors are looking forward to the future growth of the LandOrc and are enjoying some of the bonus benefits available for pioneers.

To know more details, please visit www.landorc.io.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/pioneering-real-estate-lending-platform-landorc-gets-its-pioneer-investors-301362800.html

SOURCE LandOrc

Advertisement
Editorial & Advertiser disclosure

Call for Entries

Global Banking and Finance Review Awards Nominations 2022
2022 Awards now open. Click Here to Nominate

Newsletters with Secrets & Analysis. Subscribe Now

Recommended

Global Banking & Finance Review® is a leading financial portal and Print Magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management. Copyright © 2010-2021 GBAF Publications Ltd - All Rights Reserved.