Governance Pool and BST Token
Oceanpoint launched with the Governance Pool, a revolutionary concept where users can stake BST (Blocksquare Token) and receive sBST (Share in the Governance Pool). sBST entitles holders to governance rights over protocol decisions. As the project moves towards full decentralization, BST's on-chain governance capabilities will come to the fore, empowering the community to shape the platform's future.
Owners Asset Pools: Tokenizing Real Estate
One of Oceanpoint's key innovations is the introduction of Asset Pools. Currently, there are two types of asset pools: v0.2 for issuers and v0.4 for community. Let's delve into the v0.2 asset pool first.
The v0.2 asset pool enables real estate owners, whether individuals or companies, to tokenize their properties. This process digitizes and tokenizes the real estate assets, represented by 10,000 tokens per property, and owners receive 10% of the property's value in tokenized form.
Token holders can then stake these tokens in the issuer pool for a minimum of six months and earn rewards. The incentive for these rewards comes from the fact that 40% of the BST token supply, or 40 million BST tokens, have been set aside to reward contributors and users who engage with Oceanpoint. The distribution of these rewards occurs at a rate of 500,000 BST.
You can view all tokenized properties in Oceanpoint's marketplace.
Community Asset Pool: Driving Value through DAO Participation
To further encourage community engagement, Oceanpoint has introduced the BSPT Community Pool. This pool offers an additional incentive for users who purchase Blocksquare property tokens on any eligible marketplace. These properties must undergo a thorough due diligence process by the risk team to ensure suitability for staking.
Upon staking their property tokens in Oceanpoint, users have the option to receive a potentially riskier, yet higher, return in BST instead of the regular rental income in DAI. If the BSPT owner stakes their tokens in the Community Asset Pool, the returns generated from these property investments are then donated to the DAO. The DAO utilizes these returns to buy BST from the market and burn it, effectively reducing the circulating supply and potentially increasing the value of the earned BST for participants.
Fostering Motivation and Growth
Oceanpoint's decision to allocate a significant portion of BST tokens for rewards is a forward-thinking move aimed at motivating, educating, and stimulating the community. Recognizing that the project is in its early stages and futuristic in nature, these rewards serve to drive interest and participation in the ecosystem.
The overarching goal is to encourage people to actively participate in the platform, spreading awareness, and understanding of how they can contribute to its growth. The more vibrant and engaged the community becomes, the faster the platform can progress towards self-sustainability. In the ideal scenario, the system will eventually become self-sustaining beyond the projected timeline of 2029, when reward distribution is scheduled to end.
Liquidity Pool: Empowering Tokenized Real Estate Marketplaces
In addition to asset pools, Oceanpoint has introduced a liquidity pool, v0.3, to enhance the liquidity of tokenized real estate assets and marketplaces. This liquidity pool operates through the popular Uniswap protocol, allowing users to provide liquidity by pairing Ethereum with BST.
In return for providing liquidity, users receive liquidity provider tokens (LP Tokens), which can then be logged into Oceanpoint to receive BST rewards. As with the asset pools, the 500,000 BST rewards are distributed among the various pool categories.
The Future of Real Estate Unleashed
Oceanpoint's vision goes beyond mere tokenization of real estate assets; it aims to revolutionize the entire real estate industry. By providing governance rights, liquidity opportunities, and incentives for community engagement, Oceanpoint paves the way for a decentralized and democratized real estate ecosystem.
As this innovative platform continues to mature, the community's involvement remains crucial. The more individuals actively participate, the closer the project comes to achieving its long-term goals of self-sustainability and accelerated growth.
Oceanpoint is more than just a platform; it represents the dawn of a new era for real estate, where transparency, accessibility, and efficiency converge to unleash the full potential of this dynamic market. So, if you're interested in shaping the future of real estate, Oceanpoint invites you to join the journey, stake your BST, and be a part of this transformative movement today. The future is now, and Oceanpoint is leading the way!