A few weeks ago, we formally introduced our upcoming feature — the Landshare RWA Token. This new feature is perhaps our most ambitious yet, introducing a complete reimagining of our tokenized real estate model! If you missed it, be sure to check out our Feature Preview article to learn all about the changes.
In today’s development update, we will be covering more details about the RWA Token and addressing some common community questions, including updates regarding the NFT ecosystem and LAND Token.
The LAND Token
The most commonly asked question since the announcement of the RWA Token has been how it impacts the LAND Token. To clarify, the RWA Token is a replacement for our existing Asset Tokens and does not impact the utility of LAND. RWA Token purchases will still be paid 10% in LAND Tokens, just as before. The LAND Token will also continue to be used in the DAO, NFT ecosystem, staking, and for upcoming features like loans.
The simplest way to think about it is that the LAND Token is the platform governance and utility token, serving as a means of exchange, voting, payment, and access. The RWA Token is a real estate backed security token, representing the value of real-world assets. They are separate but equally important components of Landshare.
Additional LAND Utilities
The RWA Token and NFT updates will bring about additional LAND utilities. In order to sell your RWA Tokens into the fixed price liquidity pool, you must pay a 0.5% LAND fee. For example, if I want to sell $1000 of RWA Tokens, I’ll pay a $5 LAND fee.
There will be a number of additional LAND utilities introduced with the new NFT update. These include a 5% LAND fee on new NFT mints, premium upgrade refurbishments, and using LAND to expand the number of NFTs useable at a given time. These changes are part of a wide range of new updates coming to the NFT ecosystem, which will be covered in the next section.
With the RWA Token coming soon, many users have been asking how this will impact the NFT ecosystem. In order to accommodate the new token structure, we will be making a number of changes to the NFT ecosystem that are designed to reward users who buy more RWA Tokens, more NFTs, and create new utilities for LAND.
One Token, Multiple NFTs
First and foremost, NFTs from all properties will now scale off of your staked RWA Tokens. For example:
- RWA Tokens staked: 100
- LSNF Multiplier: 5x (500 LAND / year)
- LSMD Multiplier: 6x (600 LAND / year)
While each property will still have its own upgrades, durability, and multipliers, they will all multiply off of your RWA balance. There will no longer be specific token staking to specific properties.
NFT Minting and Distribution
Previously, buying 5 Asset Tokens entitled you to an NFT, with rares being distributed based on top buyers or a minimum token buy. Going forward, NFTs will no longer automatically be airdropped, and will instead be minted manually by users using a system called NFT credits.
NFT credits are issued to users who purchase RWA Tokens from the primary sale (as opposed to the DEX) and can be spent to mint NFTs or upgrade the LAND limit on existing properties. For example, spending $1000 on RWA Tokens will earn you 1000 NFT credits. Whether minting a new NFT or increasing the limit on your existing NFT, a 5% LAND fee is applied in addition to the cost in credits.
Why make this change? Currently, users who buy 5 Asset Tokens receive the same NFT as users who buy 20, 30, or any other amount up until the rare threshold. For this reason, many users simply purchased 5 Asset Tokens to get the NFT. With the new system, users will be rewarded for purchasing more RWA Tokens.
In the RWA update, premium upgrades will no longer be applied to a property then burned — they will stay in the holder's wallet and can be attached to or detached from any property. Furthermore, they will now be tradeable on the NFT Marketplace. Premium upgrades will also need to be periodically refurbished using LAND Tokens to continue benefiting from their yield multipliers.
In the RWA Model, each NFT held by a user will produce yields based on the number of RWA Tokens held, as explained above. However, this does not scale infinitely — while users can hold as many NFTs as they like, they must be active in order to produce yields. By default, only 1 NFT can be active at a time. In order to earn rewards from multiple NFTs at one time, users must purchase additional slots at a cost of 5, 10, 15, and 20 LAND each. A single user can activate up to 5 NFTs by purchasing additional slots.
One of our top goals with the RWA Token is to allow for more rapid acquisition of properties, providing access to a diverse range of assets from different regions. With this in mind, we are happy to announce that a brand-new cash flow property and NFT will be added to our existing RWA line-up before launch!
In addition to our brand-new property, RWA holders will gain exposure to our existing properties. Many investors have asked what happens to those who are already holding the previous Asset Tokens — put simply, existing tokens will be exchanged 1:1 for RWA Tokens automatically.
Future properties and expansion
The new RWA Token structure unlocks additional capital and allows us to buy new properties on demand, without the additional steps required in the current model. With the growth of tokenization and RWAs in recent months, it’s vital that our system is built to scale and do so quickly.
The RWA model allows us to diversify into other forms of real estate — short term rentals, multi-unit properties, and mixed-use properties — without sacrificing the stability and reliability of our existing rental units. Keep an eye out for these types of assets, and more, after the RWA Token launch!
The Landshare RWA Token isn’t just a new way to invest in real estate with Landshare— it’s an upgrade of the whole ecosystem! You can expect a refreshed NFT feature, additional LAND utilities, new properties, and a more visible presence to go with the launch of the RWA Token.
We look forward to sharing more information about the RWA Token and other upcoming features in the coming weeks. Be sure to follow us on social media using the links below so you don’t miss any of the latest updates!