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REIT Whitepaper

Whitepaper to set up a REIT. This provide step by step guide.

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0% found this document useful (0 votes)
29 views13 pages

REIT Whitepaper

Whitepaper to set up a REIT. This provide step by step guide.

Uploaded by

don.james.ng
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

REIT WHITE PAPER

2022
TABLE OF
CONTENTS

Executive Summary 03

Mission And Vision Statement 03

The Gaming Metaverse Landscape 04

REIT – The Platform & Its Business Model 07

Technology Stack 07

REIT Token 10

Tokenomics 10

Roadmap 11

References 12
01 Executive Summary
REIT aims to establish itself as a next-generation real estate metaverse leveraging the power of blockchain
technology and NFTs. Backed by strong technological support, REIT aims to disrupt the current metaverse space.
The platform has been built not only to curate truly immersive metaverse platforms but also a fully-functional
virtual ecosystem which would offer great opportunities to the players to participate in crypto space driven by
true- ownership, digital scarcity, monetization capabilities, and interoperability

Believing in the limited engagement of the online gaming, REIT has designed its metaverse around
decentralization, safeguarding the players’ and creators’ rights and ownership. Players will get irrefutable
ownership of their digital assets as non-fungible tokens (NFTs) and their participation will be rewarded with REIT
token. The platform aims to leverage blockchain technology, attracting both crypto and non-crypto game
enthusiasts who are looking to invest in virtual real-estate.

Recent trends have induced unprecedented enthusiasm in the market. Prices for land in the metaverse have
surged with some plots selling for millions of dollars. Companies like PricewaterhouseCoopers, Adidas, and
Warner Music Group are buying into metaverses as they see them as a very strategic marketplaces and they
plan to use them as advertising spaces.

According to Tim Sweeney, CEO of Epic Games, the company behind Fortnite, “the metaverse has the potential to
become a multi-trillion-dollar part of the world economy in the coming decades. The next three years are going
to be critical for all of the metaverse- aspiring companies like Epic, Roblox, Microsoft, Facebook. It’s kind of a race
to get to a billion users. Whoever brings on a billion users first would be the presumed leader in setting the
standards.” 1

1
[Link]

There is certainly a huge market for this space and REIT plans to tap into this market with its metaverse which
plans to converge metaverse with web 3.0. REIT facilitates simulated gaming experiences that present the
opportunity to engage in digital real estate transactions, investments, and strategic decision-making while
earning real time.

REIT has a very futuristic platform that aims to build a truly decentralized, trustless, and interoperable platform
leveraging a ‘play-to-earn’ business model.

02 Mission And Vision Statement

Mission
To foster economic freedom by providing an alternative means to earning that presents each and every
one the rare opportunity to experience and invest in secure, self-driving digital real estate transactions.

Vision
To be the world’s largest cryptocurrency, successfully establishing digital real estate in the metaverse as a
foremost wealth builder as physical real estate has long been in the physical.

© Copyright 2022 REIT Whitepaper. All rights reserved. 03


03 The Gaming Metaverse Landscape
REIT plans to establish itself as a top player in the global metaverse industry that is growing exponentially –
presently valued at USD 38.85 billion. In 2022, this is expected to rise to 47.48 billion U.S. dollars, before surging to
678.8 billion U.S. dollars by 2030. Not only the rapid expansion of market size but also the transformation it is
going through makes it a very exciting industry which can offer great potential for revenue growth. The market
opportunity for bringing the Metaverse to life may be worth over $1 trillion in annual revenue," crypto asset
management firm Grayscale said in a report without giving any specific timeline. 2

2
[Link]

Many big players have been transforming the industry and this has introduced very innovative business models
to the market. REIT is aiming at leading this space with its accelerating blockchain adoption to become a leading
player in the metaverse industry.

3.1 Emergence Of Metaverse

Gaming industry have seen big changes in the recent years. Driven by VR and AR technologies, this space has
seen unprecedented transformation. Taking off as an online gaming space, this industry is thinking beyond
entertainment and is converging with new technologies to cater to a new generation of gamers who seek more
from their gaming platforms. Besides focusing on offering more immersive, scalable, and interoperable digital 3D
virtual experience, the entertainment and gaming companies are driven to offer new application beyond gaming
and entertainment. ‘Play and earn’ is the new motto of this gaming environment. This unprecedented digital
immersion has led to a whole new virtual reality space called Metaverse.

© Copyright 2022 REIT Whitepaper. All rights reserved. 04


Metaverses have already started to transform into a fully functional economies with the help of crypto,
blockchain, NFTs, DeFi etc. The way these metaverses are being designed, the success is primarily based on a
strong financial ecosystem that can offer secure, seamless, and interoperable functionalities related to
purchases, payments, and money transfers. Backed by above-mentioned technologies, metaverses have been
hugely successful in taking the experience to a whole new level, creating a new market for in-game purchases of
outfits, makeovers, character upgrades popularly known as avatars, weapons, and accessories.

The new trends in this space are changing the face of this industry creating huge potential for growth and
business expansion for gaming and entertainment companies like REIT. The metaverse space is getting stormed
by digital ownership economy, allowing virtual reality enthusiasts to become a part of a crypto based economy
which is integrated in the platform itself. Besides interacting socially, the residents can build virtual structures,
own properties, and exchange goods and services and do business. Players can purchase virtual fashion clothing
items and accessories to enhance their virtual presence and to establish and enhance their virtual identities.
Avatars are everything and players are willing to pay huge sums to outfit their avatars with luxury goods and
lavish residences.

Talking about Meta, CEO Mark Zuckerberg said “Avatars will be as common as profile pictures today, but instead
of a static image, they are going to be living 3D representations of you, your expressions, your gestures that are
going to make interactions much richer than anything that's possible online today. You'll probably have a photo
realistic avatar for work, a stylized one for hanging out, and maybe even a fantasy one for gaming. You're going
to have a wardrobe of virtual clothes for different occasions designed by different creators and from different
apps and experiences.”

All this is being seen as a new revenue stream and is creating a new wave of business models in this industry.
Luxury brands have already started to dig into Metaverse platforms to find new marketplaces. These brands
release their virtual collections in limited quantities and users who purchase them receive an NFT as a virtual
certification of ownership. This digital ownership can be sold across the platform and players can make huge
profits. Transactions in these virtual spaces have skyrocketed; digital lands and other NFT based assets are
selling for millions in these virtual worlds.

The market for transactions in the Metaverse is expected to reach $6.1 billion this year. The global Metaverse
market is forecast to hit nearly $42 billion globally by 2026, according to research firm Strategy Analytics. Hence,
this industry is looking at huge growth potential and REIT also sees a very strategic business opportunity in this
space.

3.2 Blockchain Gaming With Nfts

The rise of metaverses and evolving integrated virtual economies have created a lot of demand for strong
technology backup and this has come in the form of blockchain powered NFT-driven ecosystems.

This has helped the metaverses to unlock new innovative business models which is making it very lucrative for
the players as it gives them earning opportunities as well. Blockchain gaming has introduced the notion of a
“play-to-earn” model which simply aims to compensate the players of the game who have spent money on the
platform. They can collect rare items or buy in-game properties to sell them elsewhere earning profits,
accumulating in-game tokens which can be converted into cryptocurrencies.

Metaverses are emerging as circular economies where all the stakeholders can interact with the platform
including the players, creators, curators, and token owners. Metaverses are decentralized gaming ecosystem

© Copyright 2022 REIT Whitepaper. All rights reserved. 04


allowing users to create, share, and monetize in-game assets and experiences through blockchain technology in
a decentralized environment.

They can own digital assets within the game marketplace and can trade them by using native tokens. They can
also become creators and secure copyright ownership for their creations, trade them and earn cryptocurrency.
NFTs help them to establish and guarantee these ownerships.

The emergence of new metaverses has been generating a lot of value for players. It has offered great benefits to
the players. To empower the players and creators, these platforms are leveraging blockchain technology and
NFTs and have lent key unique features to the metaverses.

Ownership

NFTs typically denote virtual tokens for digital ownership, security, and authenticity. Each NFT is distinct or
unique, it is indivisible and it is not interchangeable for another. Through blockchain technology, gamers
can save in-game purchases, sell them to other players, or move them into other supported games. The
in-game NFTs that are digitized assets can exist beyond the lifespans of games and their value does not
dilute as they can be traded as long as they are in demand.

Interoperability

NFTs and blockchain help build a very strong financial ecosystem wherein gamers can keep their digital
items, even if the game gets shut down or abandoned. Once it is tokenized, they remain tradeable across
other permissible blockchain platforms. Blockchains make these platforms interoperable. Players can
move to other supported games with their digital assets, avatars, and any other game elements. For
instance, two games built on the Ethereum network can feasibly support the same in-game assets like
structures, accessories, vehicles, armor, or even avatars.

Security And Immutability

The metadata inside each NFT exist as a permanent, unalterable record about the virtual asset it
represents, ownership history and transaction record. All this is stored on blockchain which makes the
whole ecosystem decentralized and trustless. Also, blockchain is based on distributed ledger, blockchain-
enabled game assets cannot be duplicated or tampered with because of the permanent record each
NFT generates upon issuance.

Provable Scarcity

This feature makes it possible for the gamers and collectors to earn money on their investment on in-
game assets. Blockchain, which is based on distributed public ledger, validates the number and
uniqueness of each NFT as well as its ownership history. This helps the participants understand the
demand and supply dynamics in a transparent manner and they can further take well-informed
decisions related to NFTs trading. The scarcity of each asset is a key component which makes the
metaverse experience more exciting and also offers opportunities for making money.

Blockchain and NFTs have become crucial components of the gaming industry and have been making these
platforms decentralized, scalable and interoperable.

© Copyright 2022 REIT Whitepaper. All rights reserved. 05


3.3 Opportunities Ahead

REIT sees great business opportunities in this space and aims to become a leading metaverse brand. REIT
recognizes huge business potential in virtual real estate space. Recently market has been showing great
enthusiasm for real estate metaverses and it will not be wrong to say that it is in fact more profitable than the
traditional real estate business.

There has been a huge surge in the sale of real estate spaces across the gaming platform. Sale of real estate in
the metaverse topped $500 million last year and is expected to double this year, according to investors and
analytics firms.

Real estate in the metaverse is an expensive business, similar to the real world. Many dynamics like location,
population, and the demand and supply ratio work together to shape the pricing of the properties. Recently some
plots on some metaverses have gone as high as USD 4 million.

Decentralized technologies have been revolutionizing this space and real estate metaverses are no exception.
REIT sees this industry as a key growth area and has made some strategic decisions to enter this industry.

04 REIT – The Gaming Platform & The Business Model


REIT aims to become a leading real-estate metaverse offering a truly decentralized gaming platform without any
need for a central authority. Blockchain technology and NFTs would stand as the core technologies and the
platform will focus on virtual infrastructure having different land masses like countries on one planet. The
following are some major features of REIT metaverse:

REIT runs on the Ethereum blockchain and has REIT (Real Estate Investment Token) as its native token. The
platform uses its blockchain to store information, maintain ownership records and facilitate all the
transactions. Every transaction that happens on REIT platform gets validated through Ethereum smart
contracts.

REIT has multiple virtual worlds, but they are limited in size. As only a limited amount of land exists, the
scarcity will be at the core of its demand and supply dynamics which will contribute to the appreciation
in value. The supply scarcity will continue to propel its value.

The places having huge virtual gathering will be promoted for advertisements to advertisers wanting to
pay for digital billboards, virtual stores, or events.

Players can sell and rent their virtual spaces and earn tokens with which they can own crypto currency.

The platform also facilitates user-generated content which can be owned with copyrights in the form of
NFTs which are tradeable on an NFT marketplace, offering great levels of interoperability and more
opportunities to make money across the metaverse space.

REIT plans to attract the younger generation as this would help them to build an exciting advertising space
offering more revenue streams. The younger generation is more likely to indulge in immersive, virtual spaces,
participate in virtual events, shopping to establish their avatars, and much more. REIT looks at fashion and
entertainment as two key revenue streams while focusing on creating online communities.

© Copyright 2022 REIT Whitepaper. All rights reserved. 06


05 Technology Stack
REIT has based its metaverse on two very reliable blockchains – Binance Smart Chain and Ethereum

Ethereum Blockchain

Ethereum is a decentralized, open-source public blockchain network that focuses on running programming code
of any decentralized application. It offers a decentralized ledger to store and share information across the globe
that cannot be manipulated or changed.

Architectural Overview Of Ethereum

The architectural components of Ethereum include the following:

Node/Client: A node, also known as a client, is a device/program that serve as interactive information
storage point on any given blockchain

Block: A block is a batch of transactions which ensures that all participants on the Ethereum network
maintain a synchronized status and agree on the precise history of transactions.

Miners: Miners are people who install and run a special blockchain mining software that enables their
computers to communicate securely with one another. Miners add the block to the blockchain, confirm
transactions, and verify new transactions in a block.

Proof of Work (PoW): Proof of work is consensus protocol which allows the nodes of the Ethereum
network to agree on the state of all information recorded on the Ethereum blockchain and prevents
certain kinds of cyberattacks.

Ethereum Virtual Machine: Ethereum Virtual Machine (EVM) is a computation engine which acts like a
decentralized computer that has millions of executable projects and are integrated in blockchain to add
new features to the blockchain meant to reduce problems with the distributed ledger.

Smart Contract: A persistent piece of code on the Ethereum Blockchain that has a set of data and
executable functions. Smart Contracts are written in a programming language specific to Ethereum,
called Solidity and are stored within the EVM,

Gas: Gas refers to the cost necessary to perform a transaction on the [Link] is like the unit that
measures the amount of computational effort required to execute specific operations on the Ethereum
network.

Gas Limit: The gas limit represents the upper limit of gas a user is willing to pay for the execution of the
smart contract.

Mining Pool: A mining pool is a space that allows miners to work cooperatively in order to mine
cryptocurrency blocks on Ethereum blockchain. They share computational resources over a Ethereum
network.

Main-net: A main-net is a main Ethereum Blockchain network.

© Copyright 2022 REIT Whitepaper. All rights reserved. 07


Mining Pool

Node
Tx
Tx
EVM (Ethernet Virtual Machine)
Tx
Block Structure Tx Tx

Timestamp: Block 1 Block 2 Block 3 Block 4 Tx Tx


Current Block Address:
Data: (Markle Tree)

- World State Tree


- Transaction Tree
Sync Client Transaction Pool
- Storage Tree
- Receipt Tree

Previous Block Address:


Geth Client/
Nonce: Pending TX
Parity Client
Difficulty
Gas Used:
Mined By: ,etc.
Distributed
Peer to Peer Network Other
Miner
Nodes
SDK Mining Components
[Link]
Web3j
- Block Management
Nethereum
- Transaction Handling

Binance Smart Chain

Binance Smart Chain (BSC) is a hugely popular and reliable blockchain that is completely based on a smart
contract. Binance Smart Chain is a blockchain that runs in parallel to the Binance Chain. Unlike Binance Chain,
BSC boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM) which means
that it can interact with and understand the Ethereum system.

There are two major components of Binance Smart Chain that make it unique.

Consensus

Binance Smart Chain uses proof of staked authority (PoSA) which is a consensus algorithm, a
combination of PoA and PoS. Blocks are produced by a limited set of validators (21 validators), they are
elected in and out based on a staking-based governance. Validators take turns to produce blocks in a
PoA manner. This provides decentralization and enable significant community involvement. The validators
are compensated in BNB coins for their services.

Cross-Chain Compatibility

Binance Smart Chain is an independent but complementary system to the existing Binance Chain. It’s an
independent blockchain that could run even if Binance Chain went offline. This dual-architecture offers
dual chain interoperability which will allow cross-chain communication and scaling of high-performance
dApps that require fast and smooth user experience making it possible to seamlessly transfer assets
from one blockchain to another. This feature helps users to access a vast ecosystem and myriad of use
cases.

© Copyright 2022 REIT Whitepaper. All rights reserved. 08


Design Principles Of Binance Smart Chain

Standalone Blockchain

Ethereum Compatible

Staking Involved Consensus and Governance

Native Cross-Chain Communication

BC BSC

Oracle relayer

Oracle Module Events


Build-in
system
Contract
CroosChainModule;
Methods
1. Bind request
2. Token transfer Bsc-relayer
3. Refund
4. BSC staking
5. Govermance

06 REIT Token
‘REIT Coin’ is the native token of the metaverse that aims to maintain a global presence focusing on removing the
barrier of entry to investing in real estate via digital models and simulated experiences.

REIT Coin will have utility to facilitate various transactions and interactions within the REIT ecosystem.

Players can use REIT Coin to play games, customize their avatars, buy equipment for avatars,

Creators can use REIT Coin to list their NFTs on the marketplace

Other users can use REIT Coin to buy virtual real estate or trade NFTs

REIT will also be a governance token which means that the ownership of REIT tokens will grant users voting rights
to improve the platform as they wish.

© Copyright 2022 REIT Whitepaper. All rights reserved. 09


07 Tokenomics

Total Tokens – 10 billion

Distribution % Allocation Token Supply

Public Sale 40% 4.0 Billion

Founders* 20% 2.0 Billion

Reserves** 25% 2.5 Billion

Charity 10% 1.0 Billion

Strategic Initiatives 5% 0.5 Billion

100% 10.0 billion

* Founders: 6 months lock-in period

** Reserves: 12 months lock-in and after this period, every


month 10% tokens will be released

Details Of Phases Public Sale In ICO:

Phases/Stages Tokens Price Value

Phase 1 1 Billion $ 0.05 0.05 Billion

Phase 2 1 Billion $ 0.10 0.10 Billion

Phase 3 1 Billion $ 0.15 0.15 Billion

Phase 4 1 Billion $ 0.20 0.20 Billion

0.50 Billion 500 Million

* Each of the above phase will be of 15 days.

© Copyright 2022 REIT Whitepaper. All rights reserved. 10


08 Roadmap

PHASE 1

REIT will create ERC20 contract

REIT will renounce the ownership

REIT Coin will be listed on Uniswap

LP will be locked with Unicrypt followed by an audit


ROADMAP

It will be listed on CoinMarketCap and later on CoinGecko

REIT will create Multisig Marketing wallet

PHASE 2

REIT will launch the first play-to-earn game

REIT will process fiat-to-crypto Integration

REIT will apply for CEX listing/Certik Audit

REIT will launch NFTs starting with admission into live shows for free

PHASE 3

REIT will move ahead with CEX listings

REIT will launch the second play-to-earn game

REIT will expand the SMI ecosystem

Building of Metaverse development

HITE PAP

22
© Copyright 2022 REIT Whitepaper. All rights reserved. 11
09 References
[Link]
%20was%20estimated,billion%20U.S.%20dollars%20by%202030.

[Link]
[Link]

[Link]
metaverse/?sh=1b35631c5714

[Link]
metaverse-expected-to-cross-6-bn-in-2021-121121800265_1.html

[Link]
[Link]

[Link]

[Link]

[Link]
smart-contracts-421499824684900520

[Link]

[Link]

[Link]

© Copyright 2022 REIT Whitepaper. All rights reserved. 12

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