How Citadao Works: A User’s Perspective

  • Governance — CITX tokens can be staked to vote on important decisions such as new platform features, revenue sharing, project leadership, and more. As a Decentralized Autonomous Organization, Citadao is highly dependent on CITX tokenholders to guide the project into the future.
  • Real estate ownership — Two percent of all real estate listed on the Citadao platform will be owned by the DAO itself, with ownership proportionally spread among the holders of CITX tokens. Owning CITX tokens is a simple way to gain broad and diversified exposure to real estate across the entire Citadao platform. CITX token holders can stake their tokens to propose to sell these assets held by the Citadao treasury, or to vote on whether to complete these asset sales.
  • Revenue — Any income generated by this two percent real estate ownership will be used to buy back CITX tokens.
  • Fees — Citadao platform charges small fees (all fractions of one percent) for activities such as trading, listing, staking, underwriting new properties and so forth. These fees will be used to reward Liquidity Providers, buy back CITX tokens, or accrue as revenue in the Treasury (at which point CITX holders will be able to vote on how these funds will be used).
  • Priority Access — As the Citadao platform grows, CITX token holders will have priority access to new property IROs.

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store