INTRODUCTION:

Real estate primarily involves physical properties like land and structures built on it. Essentially, real estate includes permanent fixtures on land, and these properties are often utilized for business activities expected to generate long-term profits. In recent years, the real estate sector has become a significant driving force, leading more homeowners to invest further in real estate. Additionally, various individuals are exploring investment opportunities in different aspects of the real estate market.Over the years, various real estate systems have been developed, addressing specific challenges within the real estate industry.

We have conducted an in-depth analysis of the real estate industry and developed a use case and business plan tailored to the ecosystem. Our approach involves a decentralized platform that functions both as a listing service and a trading platform. This platform (COiTON) allows for the listing of various properties such as estates, homes, lands, or any property constructed on land. Each listed property undergoes a thorough verification process via ministry of land and properties to ensure its authenticity. Once verified, these properties are converted into Non-Fungible Tokens (NFTs), which then act as trading indices that reflect the true valuation of the real estate.

COiTON offers users enhanced flexibility in trading various property indices that have been transformed into NFTs. Initially, the valuation of each NFT mirrors the price of its corresponding physical property. However, due to the dynamics of virtual trading, while the starting price of each NFT is equivalent to the actual property, it may fluctuate based on user interactions. The prices of the NFT properties will vary as different users engage in buying or selling these tokens, influencing their market value.