Announcing our Genesis IRO launched on March 8, 2022
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After months of building and testing, we are excited to announce that CitaDAO Genesis Introduction of Real Estate On-chain (IRO) started on 8 March 2022, 00:00 UTC.
Key facts of the IRO
- Address: 56 Queen Street, Cardiff, CF10 2PX, UK
- IRO value: $20,690,000
- IRO date: 8 March 2022, 00:00 UTC
- IRO duration: 10 days
- IRO reward: $1,000,000
- APY Floor: 176%
We are pleased to present a heritage property for the genesis IRO: a commercial building along Queen Street in Cardiff, the capital city of Wales.
The property is a freehold 6,900 sqft commercial building spread over the basement, ground, mezzanine, and first floor.
Located on the southern side of the pedestrianized Queen Street, the property is in close proximity to the entrance of St David’s Shopping Centre and is approximately 0.5 miles northeast of Cardiff Central station. You can read more about the upcoming IRO here: Link
If you missed our testnet phase, you can still access it here: rinkeby.citadao.io We published a detailed guide here including the following video on the steps to participate in the IRO.
The genesis IRO will be a crucial moment for our protocol and we hope that you will join us on this epic journey to revolutionize DeFi.
Intrigued and want to learn more?
Follow us on Twitter @citadao_io, join our community on Discord, or check out our website citadao.io where you can join our waitlist. We run a weekly introduction and Q&A call on our Discord server on Tuesdays, 10AM EST/3PM UTC.
About CitaDAO
CitaDAO.io is a Decentralized Finance (DeFi) platform for Real Estate to be tokenized on-chain, built on the Ethereum ecosystem. CitaDAO aims to solve the lack of liquidity, access limitation, and lack of composability in existing real estate ecosystem by creating interoperability with other DeFi applications/primitives that operate on the Ethereum protocol. Real estate token allows the community to diversify their portfolio on-chain to generate stable yield through real-world assets that have constant liquidity through AMM.
Follow us on Twitter: @citadao_io
Join our community on Discord: discord.gg/citadao
Or check out our website: citadao.io
Disclaimer: The information contained in this communication is based on sources considered to be reliable, but not guaranteed, to be accurate or complete. This communication should not be relied upon or the basis for making any investment decision or be construed as a recommendation to engage in any transaction or be construed as a recommendation of any investment strategy
