When it comes to investment, real estate 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 increases in value in the long term, and you can even be remunerated in the short term by the rents if you wish. Wincity brings together the blockchain and real estate industries. Since our previous presentation, the company has continued to build its offering. An owner’s tour was in order.
Splitting real estate investment
Quite often, when one decides to become a homeowner, one comes up against many barriers. Indeed, to do things right, you need :
- Knowledge of the market in which you are investing
- A large amount of capital, or guarantees that allow you to take out a loan
- Time to find the rare pearl, to buy it and to rent it out (legal deadlines, work…)
To remove these barriers and allow all interested parties to invest, Wincity has found a legal way (legislation is very strict in this area) to split the investment in the form of NFT. The money raised from the sale of each collection is used to raise the funds for Wincity to purchase the property. The holders of the NFTs associated with the property then receive monthly passive income (in Ethers), according to the following model:
- The monthly rental income: the Win Cash
- The increase in value of the property, estimated annually: The Win Plus-value
- The capitalization resulting from the bank leverage effect inherent to the repayment of the real estate loan. It is not paid, but is added monthly to the value of the card : the Win Capital
During public sales announced on its website, Wincity allows you to buy these NFT in Ethereums, but also in Euros by credit card. Once in possession of your non-fungible token, you start to get your monthly rewards automatically, on your wallet.
A setback in Lille managed with a master hand
After its first successful operation in Paris (which we’ll talk about in this article), Wincity launched a second collection of NFTs. The objective was the acquisition of a commercial space in Lille. The fundraising, through the sale of the NFT collection, went well. The investors 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 pre-emption. Under 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 could not do anything, despite the fundraising already done.
A scenario which, if not very comfortable, had been anticipated. So Wincity responded perfectly by offering its investors three choices:
- Get a full refund of their investment;
- Wait for the 4 month pre-emption period and hope that the sale is not made to the tenant;
- Use the funds for a future acquisition
The latter opted for a full refund, which was therefore made in euros. A pledge of seriousness that contrasts with certain projects.
Decentralized governance
The new history cards represent the link between Wincity and the community. These 3333 NFTs are the equivalent of a “Genesis” collection. They do not directly generate income because they are not linked to a rented property, but they confer privileges linked to future operations, among which
- priority on future NFT sales linked to the purchase and lease of a property
- Participating in the governance of the project (choice of properties to invest in, cities, etc.)
- free access to physical meetings with other investors and the Wincity team
- preview the beta of the Wincity game, a card game that will allow you to win ETH
Gamification and the future of wincity
Because if the future of Wincity passes by the possibilities of the blockchain technology, the project does not intend to stop there. Indeed, the team has developed a game whose beta will be released in late September, on the Ethereum blockchain. The goal is to continue to establish itself as a leading player in real estate AND web3.
To participate in the adventure, you will need to purchase at least one History card. Once in the game, you can place your building on a board. Then, depending on the characteristics of your building, it will attract more or less pedestrians (non-playable characters), making you earn “win.coins”. Once the box is full, to collect your win.coins, you will have to connect to the game.
These tokens will allow you to improve your buildings, attracting more visits, and generating more income. A virtuous cycle for you in a way. Indeed, you will earn more and more tokens, which will be used in the evolution of the game to earn Ethers. All the details are not yet known, including the exact launch. I invite you to follow Wincity on their social networks to not miss any news. You can also find the detailed whitepaper of the game at this link.
Want to invest? Parisian nft are still available
If after reading these lines, you want to invest in a property managed by Wincity in order to generate around 8% annual return (excluding the property’s capital gain), you should know that cards for Chaumière Grand Paris are still available on the Wincity marketplace.
Indeed, in order to quickly finance the purchase of this property and to sign the sales agreement, Wincity’s shareholders have granted a loan to the platform. Wincity therefore has a number of “Chaumière Grand Paris” NFTs. They are regularly put up for sale in order to satisfy investors who wish to join the project. The property is now for rent (it houses a very nice restaurant), and as described above, acquiring a card will allow you to receive a portion of the rent.
Those familiar with the NFT sector will recognize the principle. There are several levels of cards with specific characteristics. 1000 regular, 100 rare, 10 mythical, 1 unique. Of course, the higher the rarity of your NFT, the higher the reward.
As soon as the project was launched, the Wincity team was identified. A step that speaks volumes about their professionalism and their concern for clarity. With this in mind, on September 15th, if you are an NFT History holder, you will even be able to meet them in the flesh at an event organized in partnership with Brik, a major player in the French real estate industry. The event will be held in their new offices in Lille. The theme of the event will be the launch of the “Real Estate 3.0” movement.
