In terms of investment, the stone is often presented as the ultimate asset. To convince yourself of this, all you have to do is discuss it with those around you. Real estate only goes up in value in the long run, and you can even be compensated in the short term by rents if you wish. Wincity brings together the blockchain and real estate sectors. Since our previous presentation, the company continued to build its offering. A tour of the owner was essential.
Le Journal du Coin offers you this promotional article in collaboration with Wincity.
Split real estate investment
Very often, when you decide to become an owner, you come up against many barriers. Indeed, to do things right, you need:
- Knowledge of the market in which you are investing
- Of a large capital, or guarantees which allow to contract a loan
- Time to find the rare pearl, buy it and rent it out (legal deadlines, work, etc.)
To break down these barriers and allow all interested parties to invest, wincity has found the legal way (the legislation is very picky in this matter) to split the investment in the form of NFTs. The money raised during the sale of each collection thus makes it possible to raise funds for Wincity to buy the property. The holders of the NFTs associated with the asset then receive monthly passive income (in Ethers), on the following model:
- The monthly rental income: the WinCash
- The capital gain of the property, estimated annually: The Win Added value
- The capitalization resulting from the bank leverage effect inherent in the repayment of the real estate loan. It is not paid, but is added monthly to the value of the card: the WinCapital
On the occasion of public sales announced on its website, Wincity allows you to buy these NFTs in Ethereums, but also in Euros by credit card. Once in possession of your non-fungible token, you begin to receive your monthly rewards automatically, on your wallet.
A setback in Lille managed with a master hand
After his first successful operation in Paris (which we will discuss in this article), Wincity launched a second collection of NFTs. The objective was to acquire commercial premises in Lille. Fundraising, through the sale of the NFT collection, went well. Investors therefore had legitimate expectations after the success of the first operation.
Unfortunately, the occupant of the property that Wincity wanted to acquire decided to exercise his right of first refusal. In French law, a tenant has priority if the property he occupies is put up for sale. Thus, if he makes an offer at the price asked by his owner, it cannot be refused. Wincity simply couldn’t do anything, despite the fundraising already done.
A scenario which, if not very comfortable, had been anticipated. Wincity reacted perfectly by offering three choices to its investors :
- Obtain a full refund of their investment;
- Wait for the 4-month period of the right of pre-emption hoping that the sale will not be made to the tenant;
- Use the funds for a future acquisition
These have opted for a full refund, which was therefore carried out in euros. A guarantee of seriousness which contrasts with certain projects.
Decentralized governance
The new history cards represent the link between Wincity and the community. These 3333 NFTs in the image of great French monuments are the equivalent of a “Genesis” collection. These do not directly generate income because they are not backed by a rented property, but grant privileges related to future operationsamong which :
- be priority on the next NFT sales related to the purchase and rental of real estate
- participate in the project governance (choice of properties to invest in, cities, etc.)
- free access to physical encounters with other investors and the Wincity team
- play preview at Wincity game betaa card game that will allow you to earn ETH
Gamification and the future of Wincity
Because if the future of Wincity goes through the possibilities of blockchain technology, the project does not intend to stop there. Indeed, the team developed a game whose beta will be released at the end of September, on the Ethereum blockchain. The goal is to continue to establish itself as a leading player in real estate AND web3.
For participate in the adventure, you will need to acquire at least one History card. Once in the game, you can place your building on a board. Subsequently, depending on the characteristics of your building, it will attract more or fewer pedestrians (non-playable characters), earning you “win.coins”. Once the box is full, to collect your win.coins, you will need to log into the game.
These tokens will allow you to improve your buildings, attracting more visits, and generating more revenue. A virtuous cycle for you in a way. Indeed, you will earn more and more coins, which will be usable in the evolution of the game in order to earn Ethers. All the details are not yet communicated, among other things on the exact launch. I therefore invite you to follow Wincity on their social networks so as not to miss any news. You will also find the detailed whitepaper of the game at this link.
Want to invest? Parisian NFTs are still available
If after reading these lines, you wish to invest in a property managed by Wincity in order to generate approximately 8% yield annual (excluding the capital gain of the property), be aware that cards for Chaumière Grand Paris are available again on the Wincity Marketplace.
Indeed, in order to quickly finance the purchase of this property and to sign the sales agreement, the shareholders of Wincity granted a loan to the platform. Wincity therefore has a certain number of “Chaumière Grand Paris” NFTs. They are regularly put on sale in order to satisfy investors who wish to join the project. The property is therefore now rented (it houses a very nice restaurant), and as described above, acquiring a card will allow you to receive part of the rents.
Regulars of the NFT sector will recognize the principle. There are several levels of cards that have specific characteristics. 1000 regular, 100 rare, 10 mythical, 1 unique. Obviously, the higher the rarity of your NFT, the bigger the reward you will receive.
From the start of the project, Wincity team was identified. This approach speaks volumes about their professionalism and their concern for clarity. It is with this in mind that on September 15, if you are the holder of an NFT History, you can even meet them in the flesh at an event organized in partnership with Brik, a major real estate player in France. The evening will be held in their new premises in Lille. The theme of the event will be the launch of the movement “Real Estate 3.0”. As an investor, if you are around, a visit is essential, right?
