CitaDAO KNIGHT Price 0.00228759

The platform for Real Estate to be tokenized on-chain is called CitaDAO.
Real Estate is a capital inefficient asset class. Real Estate tokenization projects have been around for a while.
The legal structure developed by CitaDAO will give the right to redeem the underlying real estate with the real estate token.
The ability to redeem the underlying real estate with the real estate token is very important as it sets the floor price of the real estate token such that the on-chain value will never be lower than the value of the real estate in the real world.
There will be more use cases for real estate token onchain as compared to the real estate in the real world because of the Defi universe's composability. There will be 2 sets of value for the same real estate in the future.
Demand for the real estate token will be driven by the Defi community desire for quality sustainable yields, as well as for a low volatility solution to hedge against inflation on chain in a truly decentralised manner. The majority of native portfolios today are limited to low volatility stable coins.
The DeFi community will be able to hedge against volatility and inflation on the chain with the help of the CitaDAO. Real Estate On-chain is introduced by CitaDAO.
The governance token of the platform is called the Knight token. Knight have value in 3 ways. 2% of all Real Estate Tokens created during an IRO will be deposited into the treasury. As more and more DeFi projects integrate with the CitaDAO platform, the Real Estate Tokens held in the treasury will accumulate value.