THE LANDORC

4 min readSep 18, 2021

WHAT EXACTLY IS LANDORC ?

An environment with blockchain capabilities that allows for the unrestricted movement of capital and collateral. Converting land certificates into Non-Fungible Tokens (NFT) facilitates transaction tracking and the process of utilizing them as collateral. Through oracles connected into the chain, the LandOrc platform combines data, including data relating to nearby places and land aesthetics. Digital Asset Owners can engage in global real estate projects using the concepts of Decentralized Finance.

landOrc employs an operational paradigm in which particular cars are domiciled in each operating market. This guarantees that the lending procedure and collateral management are carried out within the jurisdiction’s legal framework.

WHAT ARE THE BENEFITS FOR INVESTORS ?

Most Digital Asset Owners seek long-term gains, as evidenced by the fact that 99 percent of Ethereum wallets are not engaged in high-risk DeFi transactions. Investors may engage in the worldwide real estate sector from a single platform, receiving substantial wagering rewards while using the land as collateral. Digital Asset Owners may benefit from transparency and security in all interactions.

COLLECTION OF KYC DATA :

To ensure compliance with investment rules, use blockchain-based identification systems to identify and verify the identity of investors.

INVESTMENT :

Investors stake their crypto assets on projects on the site with a specified time period and a desired rate of betting payout. For added security, the investment will be backed up by high-value collateral.

LORC TOKEN BETTING :

All stacking is done using LORC tokens acquired on exchanges with digital assets. The return on investment is credited back to the investor’s wallet in the form of LORC tokens at the end of the investment period.

WHAT ARE THE BENEFITS FOR LAND OWNERS?

Property developers face difficulties in raising financing, particularly those operating in areas with high stakes. Access to money in exchange for small stakes can save costs and boost profitability. Blockchain-based solutions ensure that the funding process is more safe and quicker than traditional methods.

COLLECTION OF KYC DATA :

To identify and validate the landowner’s identity using KYC information accepted by the nation where the land is situated. prevent fraud and provide investors with security.

REGISTER PROPERTY :

Property developers mention their projects together with the expected profit and funding time. Provide information on existing land collateral for loans.

LORC TOKEN :

Loans received by property developers, namely through LORC Tokens, will be transferred from the owner’s wallet to the property developer. Property developers use cash to fund their ventures.

VIEW NFT TRANSACTIONS :

Land certificate nFT provides for the tracking of changes in ownership or the placement of collateral on-chain. Ensure the convenience and openness of property transactions.

landOrc will provide transparency on land certificates by tokenizing property rights through the issuing of Non-Fungible Land tokens, facilitating digital transactions, and allowing title to be used as collateral to raise financing.

LandOrc collaborates closely with legal counsel, professionals, and appraisers. To obtain a consensus rating range, this value assessment procedure is carried out by at least three independent appraisers and a lawyer. The LandOrc platform also provides for the offline storing of numerous data points, such as visually enabled GPS, surrounding land analysis based on position data, and land value estimation. Through the use of a referral key, NFT data management is synced with the IPFS (Inter Planetary File System) database. LandNFT is utilized to help with the collateral process in LorcFinancing, which is covered in more depth below.