The structure for COiTON:

The schema incorporates fields for both ERC20 and ERC721 tokens, which are integral to our payment and trading mechanisms, respectively. The ERC20 token is crucial for system tokenization, enabling users to hold it for governance participation. Conversely, the ERC721 token, representing an NFT as noted earlier, allows the transformation of listed real estate into NFTs. This transformation permits users to trade these NFTs flexibly. Due to the unique characteristics of ERC721 tokens, users have the ability to buy and sell shares of a single real estate NFT.

NOTE:

COiTON functions in three primary capacities: First, it deals with actual, tangible properties that are available for physical purchase and sale. These properties undergo verification and approval by the DAO to ensure legitimacy. Secondly, COiTON offers a marketplace where traders can buy and sell shares of these properties. In this arrangement, traders can invest in an NFT that symbolizes a property. They can either purchase a specific percentage of shares in the NFT or acquire the entire share, thus obtaining full ownership of the NFT.

Thus, the dynamics of trading these virtual properties are closely tied to the actions of agents or marketing strategies that affect market fluctuations related to the NFT. For example, if more traders engage with a real estate NFT, its value will increase due to this heightened activity. Conversely, if an NFT does not attract sufficient interaction, its value will decrease.