Welcome to Solomons Lot, a revolutionary platform that democratizes real estate ownership through blockchain technology. Here, you can buy and sell fractional interests in single-family residential properties, all facilitated by Digital Assignment Contracts (DACs) on the Chia blockchain.
🏠 Purpose of Solomons Lot Marketplace
The primary goal of Solomons Lot is to grant users access to fractional ownership in real estate properties. This allows users to buy small percentages of real estate, enabling homeowners to list fractional interest in their properties at any price they choose.
🏡 Types of Properties Available
Our platform will feature single-family residential properties sold at a discount off the determined by the homeowner. Users can view the discount rate before purchasing, ensuring complete transparency.
👥 Primary Users
Anyone can participate in the Solomons Lot marketplace, from individual homeowners to prospective property owners. With entry costs ranging from $200 to $1000 for DACs, real estate is now within reach for many.
🌟 Platform Features
Key Features of the Trading Interface
Peer-to-Peer Transactions: Users can list and trade their real estate DACs directly with others.
Automatic Redemption: DACs are automatically redeemed for WUSDC when the real estate sells. Upon sale, trading freezes, and users receive their funds.
Appraisal-Based Valuation: Transactions rely on the appraised value of the real estate, ensuring a transparent and fair trading environment.
Property Listings Presentation
Property listings are displayed on a map for full transparency. Clicking on a property reveals detailed information, ensuring users know exactly what they are buying.
Information in Property Listings
Each listing includes:
Property appraisal and market valuation
Virtual walkthrough
Property description (e.g., number of beds and baths, square footage)
Analysis Tools
Reports and comparison tools are available, including a discount percentage to help users analyze property values relative to their appraisals.
🚀 Account Setup
Creating an Account
Simply connect your Goby wallet to the Solomons Lot website, use XCH or bridge USDC/USDC.b, and start purchasing DACs.
Required Information
Users only need to sign a digital signature with their wallet to connect it to their account.
Verification Process
There is no verification process, as the platform is decentralized. Anyone can purchase DACs.
💼 Wallet Integration
Supported Digital Wallets
Currently, the platform supports the Goby wallet, with plans to integrate more wallets in the future. Warp.green can be used to bridge USDC directly in the dashboard onsite.
Connecting a Digital Wallet
Click the connect button on the site, which will prompt you to connect your Goby wallet. If you don't have one, the site will redirect you to add the Goby Chrome extension.
Wallet Security
Transactions are verified and signed digitally. The only DACs available on the platform are verified, ensuring secure purchases.
💰 Trading and Transactions
Initiating Trades
Offer files for each DAC are listed on the site. Users can accept offers through their Goby wallet by clicking buy and confirming the purchase.
Supported Cryptocurrencies
The platform supports all cryptocurrencies on the Chia blockchain, including XCH, WUSDC, WUSDC.b, and HOA.
Transaction Fees
A 1% dev fee is charged for every secondary market trade.
📊 User Interface and Navigation
Main Dashboard
The main dashboard is a marketplace map where users can click on properties to view offers and buy DACs.
Navigation
Clicking on the wallet icon in the top right corner takes users to their account overview, showing real estate holdings and wallet balance, along with tax information.
Tutorials and Guides
Educational articles can be found on x.com, with more tutorials planned for the future.
📞 Customer Support and Resources
Customer Support
Users can email [email protected] for questions, and live phone support is available.
Educational Resources
FAQs and other resources are available at solslot.com/contact.
Accessing Resources
All resources are accessible at solslot.com.
🔐 Security and Privacy
Security Measures
No user data is stored on our site, ensuring privacy and security.
Privacy and Data Protection
Please read our privacy policy for detailed information on how we handle user data.
Compliance Standards
We strive to comply with all regulatory requirements.
✨ Additional Features
Unique Features
Solomons Lot offers peer-to-peer trading of real estate interests, a feature not available on other platforms.
Future Updates
Planned updates include more property listings, integration with Bytecash, and cheaper entry prices for real estate investments.
💡 User Feedback
Providing Feedback
Users can send feedback to [email protected].
Incorporating Feedback
We make every effort to incorporate user feedback into platform updates.
🚀
Solomons Lot is pioneering a new way to participate in real estate ownership through blockchain technology. With secure, transparent, and accessible trading options, users can confidently engage in the real estate market. For more information, visit solslot.com.
🌟 Join the Future of Real Estate Ownership with Solomons Lot! 🌟