Name of Project
HouseBit
Proposal overview
We are developing an entire ecosystem for real estate tokenization, including ownership and occupancy. HouseBit will allow users to invest, own, and occupy real estate quickly and inexpensively and provide a high level of ongoing liquidity. This will bring massive utility for NFTs, the blockchain market and be a possible bridge for people from web2 to web3.
We have already developed an ecosystem using real estate fundamentals, such as a national broker/agent network, various multiple listing services, and combining transactional capabilities of blockchain, tokens, and smart contracts.
We addressed the regulatory framework using the blockchain as a technology layer above real estate laws. Combining this with a plan to grow a strong community and having multiple agents and brokers partnered is how we think we will be able to scale and educate more people for the market.
Our product is on Ethereum testnet; we aim to launch our app using the Harmony chain and possibly tokenize the first property in Miami within one month (we already made 8 offers to purchase different properties that we have the investment to follow). After having addressed the regulatory framework and real estate partners, we are focused on two things: finish the first release of our product in mainnet and build a strong community. We aim to reach 5-10k active members on Twitter + discord before launching our first tokens.
We needed between 50k-100K. The money would be used 70% for the team maintenance and hiring (+1 UX/UI, +1 CM), 30% for community activations, and strong PR.
Milestones(*):
March - Launch community, social media, and use the ecosystem already built to create brand awareness and marketing activations.
April - Product mainnet launch + community reaching around 5-10k members (summing Twitter + discord) + first property tokenized
May/Jun - New features developed / Roadmap prioritization with community / +4 properties tokenized / integrations with other DEX
Jul/Sep - Integrations with DeFi solutions such as mai.finance to bring DeFi world closer to real estate / +4 properties tokenized
*As we are in a learning journey, we prefer to have tangible milestones and be learning in the first steps of the product, be interacting and building with the community than bringing a lot of milestones sometimes not feasible.
The most significant gaps we see in our team now are 1) we are starting our community now; 2) we are missing a person focused on UX/UI as we aim to bring mass adoption for our product.
Proposal ask
$100K - Team maintenance over 12 months and PR investment.
Metrics for success
Total properties tokenized (growth)
Total transaction volume (liquidity)
Number of transactions made (liquidity)
Number and quality of exchange listings (product)
Number of unique token holders (adoption)
Number of integrations (product)
