How it works.
Blockchain technology at Shelters' service.
The blockchain is a decentralized information storage and transmission technology, which allows to secure and verify transactions by recording them in a public and immutable register. It works through a network of computers that verify and validate transactions. Once a transaction is validated, it is added to a block and becomes a permanent part of the blockchain.
MultiversX stands out as one of the most advanced and powerful blockchains on the market, with a 100% European design. Capable of handling more than 30,000 transactions per second, this innovative platform offers exceptional scalability thanks to its « sharding » technology. This mechanism allows to increase processing capacities according to demand, thus guaranteeing optimal performance and unparalleled adaptability.
MultiversX is an outstanding example of European engineering and expertise, offering considerable potential for future applications.
Real estate tokenization.
Real estate tokenization consists of converting financial rights linked to an asset, in our case bonds backed by real estate, into fractional units called "fractions". These fractions are then represented as tokens (NFTs) on the MultiversX blockchain, enabling simple, transparent, and secure tracking of investments.
Shelters fractions.
Shelters is based on two fundamental principles: tokenization and the fractionalization of financial rights in real estate assets within a blockchain. Tokenization consists of issuing one or more Non-Fungible Tokens (NFTs) that represent a bond contract linked to a real asset on the blockchain. Fractionalization, meanwhile, makes acquiring these financial rights more accessible by distributing them across several NFTs. This method significantly lowers the unit purchase price of part of these rights, making investment in rental real estate accessible from €10 on Shelters.
Let's take a practical example: if Shelters buys a property worth €100,000, it can be split into a collection of 10,000 NFTs with a unit value of €10. A user holding 1,000 of these NFTs therefore holds a bond contract corresponding to one tenth of the project.
By investing in Shelters fractions, investors acquire rights proportional to the number of NFTs they hold. This allows them to benefit from the returns generated by the transaction, while having the freedom to manage and exchange their fractions as they wish.
Returns.
Holding these fractions allows the investor to receive, in proportion to the amount held, a share of the return, and ultimately repayment of the bond.
These returns are distributed in $EURC stablecoin to your user balance. The $EURC stablecoin is a digital representation of one euro on the blockchain, which gives it stability and predictability that investors value highly. Each $EURC is backed by a real euro, held in partner banks before being issued on the MultiversX blockchain.
As mentioned above, holding Shelters fractions gives access to the returns generated by the transaction. These fractions correspond to bonds linked to the project, allowing investors to receive remuneration proportional to their investment as well as repayment of capital according to the terms set at maturity.
The $EURC crypto-asset.
Using the $EURC crypto-asset is an option in addition to the "classic" euro for receiving returns directly in your digital wallet, and it offers several advantages for holders of Shelters fractions.
Stability: Returns distributed in $EURC protect investors from crypto-asset market fluctuations by ensuring a stable value for their gains.
Security: $EURC transactions are recorded and stored in a decentralized manner on the MultiversX blockchain, ensuring the security of investors' funds.
Transparency: $EURC transactions are recorded on the blockchain and can be viewed by all users, ensuring transparency and traceability of transactions.
Identity verification.
To be eligible for return distributions through holding Shelters fractions, it is imperative that the holder of these fractions has completed an identity verification process on the Shelters application. This verification is an essential step to ensure compliance with applicable regulations and protect investors.
By requiring investors to complete a valid identity verification process, Shelters is committed to complying with standards set by regulators and creating a safe and secure environment for everyone. This approach strengthens the credibility of our project and helps build a relationship of trust with our investors, while ensuring a strong link between the world of Web3 blockchain and the real world.
If a holder of Shelters fractions has not completed this step, the returns they would normally be entitled to will be temporarily stored on the Shelters platform. These returns will remain pending until the relevant user has completed and passed the identity verification process on the Shelters application.