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Kodo Assets Introduces New Way To Invest In Real Estate

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São Paulo, Brazil, Oct. 27, 2022 (GLOBE NEWSWIRE) — The Brazil-based blockchain and real estate project recently announced the launch of its real estate tokenization platform – Kodo assets. Paying attention to real estate market demand and the evolution of blockchain technology, Kodo Assets, a real estate tokenization platform, democratizes access to real estate investments, increases the liquidity of such assets and reduces investment barriers. appeared on the market for Access to this market, whether due to high transaction costs or bureaucracy, has announced the first real estate tokenization project in Brazil.

Tokenization democratizes access to this type of investment by breaking down properties into a myriad of small digital parts that can be sold to many people at relatively low unit prices. Tokenization makes it possible to invest more accessible amounts of money in exchange for real estate asset tokens. Real estate tokens are a low-risk investment compared to stocks and crypto assets, and have a lower entry-level cost due to the lower minimum ticket cost of investment compared to the real estate market. Token markets operate 24 hours a day, 7 days a week, worldwide, and the liquidity of KODO1 tokens is estimated to be significantly higher than investing directly in traditional real estate units.

The first property to be tokenized by Kodo Assets is a commercial property located in the prime area of ​​the city of São Paulo, Calle Faria Lima, with a total area of ​​1,144.52m², BOMA total area of ​​552.58m² and private land of 473m². Common area of ​​671.52m². The entire complex is currently rented by a large multinational company.

The main source of income for this property is rent. The annual profitability forecast for the token is 6% through June 2023, including all discounts, and the annual rent adjustment using IGPM is no less than 6%. The resulting value, minus fees, is distributed as a dividend to his KODO1 issuing tokens representing rights inherent in the asset. To do so, Kodo Assets will handle the distribution of proceeds to each token holder into their own wallets in consideration of their respective participation in this venture. Proportional profit payments for token holders will be made using stablecoin USDC, the most trusted and transparent stablecoin in the crypto market. Payments will be made in the same wallet where he holds KODO1 tokens at the time of distribution.

“Holders of KODO1 tokens will be entitled to receive dividends from the rental of this property in proportion to their participation in the token and the total number of tokens issued by the project and the eventual sale of the underlying property. It can generate interesting capital gains.” ――Chiro Imamura, Representative Director of Kodo Asset Co., Ltd.

The company will issue a total of 25,000 tokens for the property, each priced at $140.00. Also, the KYC/AML verification cost will be $13 for a single person and $25 for a legal entity. The minimum purchase amount is 1 KODO1 token, and there is no limit to the number of purchases. The total offer value is USD 3,500,000.00. Sales are scheduled for around November 2022.

Through blockchain technology, the company hopes to join forces with this revolution in the real estate sector, allowing investors to purchase properties in a fast and secure manner without the hassles and high costs of traditional markets. various markets around the world.

“We are talking about global access to markets that have hitherto been local, either because of the geographic location of the property or because it is only available to qualified investors. In this sense, the digitization of real estate We believe that the tokenization of assets will be fundamental to revolutionize this market around the world. I have.” Emphasize Ciro.

Located on Calle Faria Lima, this property is Kodo Asset’s first project in Brazil. According to Kodo Assets advisor Helena Margarido, there is a legitimate demand for São Paulo real estate. “The average price per square meter in downtown is about US$2,613.042. It is reasonable to assume that real estate values ​​are (very) undervalued, in other words given how important São Paulo is in the world and how important the average prices of similar cities are, over the next few years. It is a foregone conclusion to believe that real estate in this city will continue to appreciate.”

Kodo Asset Token

To access the tokens, investors must visit the official Kodo Assets website, fill out a personal information form, present documents, and go through a facial recognition process. After KYC/AML (Know your customer and anti-money laundering) verification and registration approval, the user can purchase as many KODO1 tokens as she wants. Payments can be made in USDC, USDT, and BUSD, as long as they are made on a network that supports EVM. Token transfers occur as soon as the tokens are disposed of and are sent to the same wallet as the resource used to pay for the tokens. Under no circumstances will tokens be transferred to wallets that have not been submitted to the verification process for KYC/AML reasons.

Anyone holding a token has access to all information about the token that is stored on the blockchain and can be queried as needed. Even if an asset has been sold hundreds of times, you can easily track each transaction to find the current owner. This feature brings transparency and trust to your transactions.

“Using smart contracts renders the intermediaries to negotiate and register tokens useless. In this sense, tokenization can increase efficiency and significantly reduce the cost of each transaction, and TOKEN will enhance the overall market.” says Chiro Imamura.

For more information and/or to participate, please visit the Kodo Assets website. www.kodoassets.com and social media channels:

twitter: https://twitter.com/kodoassets

telegram: https://t.me/kodoassets

Facebook: https://www.facebook.com/kodoassets/

Instagram: https://www.instagram.com/kodoassets/

Youtube: https://www.youtube.com/channel/UCSMOyTfA69rnqvzkVXmHKsA

Tick ​​tock: https://www.tiktok.com/@kodoassets

About Kodo Assets

Kodo Assets was created because we believe tokenization can solve the real estate market’s biggest problem. Through tokenization, it aims to democratize investors’ access to real estate markets, increase the liquidity of such assets, and lower barriers to access different markets. The company’s tokens are created and distributed in accordance with Bahamian law, which by their nature are classified as security tokens. As such, they are considered securities and are therefore subject to a rigorous and thorough regulatory process. Kodo tokens are issued using Polygon’s smart contract platform, giving holders equal ownership in proportion to the number of tokens purchased. Polygon will be used to issue tokens because Polygon is one of the most promising blockchain infrastructures, with a large community of developers, companies and organizations dedicated to enhancing and maturing the technology and its applications. Because there is

Disclaimer: This article does not constitute an offer to sell, a solicitation of an offer to buy, or an endorsement of security or other products or services. This is not investment advice. Please do your own research.

media contact

Name: Chiro Imamura

Email: Ciro.iamamura@kodoassets.com

Website: www.kodoassets.com

Location: Sao Paulo, Brazil

Company name: Kodo Asset

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