CitaDAO is a Decentralized Finance (DeFi) platform for Real Estate that aims to solve the lack of accessibility, liquidity, and composability in the existing real estate ecosystem by creating interoperability with other DeFi applications/primitives. CitaDAO is excited to announce the listing of its governance token on MEXC Global, a cryptocurrency exchange with over 6 million users in over 70 countries.
CitaDAOlaunched the Genesis Introduction of Real Estate On-chain (IRO) on 8 March 2022, 00:00 UTC.IRO is the process where the community determines the Real Estate to be introduced and brought on chain. Community members participate in the IRO by committing their stablecoin to the IRO smart contract, and it will be locked up for the duration of the IRO.
The Genesis IRO features a heritage commercial building along the prime Queen Street in Cardiff, the capital city of Wales. The property is currently leased to a blue-chip global bank that provides a stable income stream.
Joel Lin, contributor at CitaDAO said, “We are excited to offer our community members to acquire our governance tokens through MEXC Global. We believe the demographic of MEXC’s user will resonate in our vision to onboard 1 billion users into the DeFi space with real estate.”
MEXC Global will allow users around the world to acquire CitaDAO’s governance token, which will trade on the exchange under the ticker $KNIGHT. The listing on MEXC Global follows is KNIGHT token’s only centralized exchange listing.
KNIGHT token will be launched at Kickstarter on MEXC Global, and officially listed on March 16th. $KNIGHT deposit & withdrawal opens at March 13th 5:00(UTC). Kickstarter event voting period will be 03:30 – 10:50 (UTC) on March 15th. The trading pair of Knight / USDT opens at 10:00 (UTC) March 16th. There is also a Knight Trading Competition starting from March 16th 10:00 – 19th, 15:00 (UTC).
Sign up here and get 10% off your trading fees when you trade KNIGHT token on MEXC Global. For more information, please follow up MEXC Global official announcements.
About MEXC Global
Established in April 2018, MEXC Global is a digital asset trading platform with over 7 million users, which offers users one-stop services including spot, margin, leveraged ETFs, derivatives trading and staking services. The core members of the team come from international enterprises and financial companies and have experience in blockchain and financial industries.
CitaDAO is a Decentralized Finance (DeFi) platform for Real Estate to be introduced on-chain, built on the Ethereum ecosystem. CitaDAO aims to solve the lack of liquidity, access limitation, and lack of composability in the existing real estate ecosystem by creating interoperability with other DeFi applications and primitives that operate on the Ethereum protocol. Real Estate Token allows the community to diversify their portfolio on-chain to hedge against inflation on chain with sustainable yield through real-world assets and enjoy constant liquidity by leveraging AMM and Liquidity Pools. To participate in Cidadao’s Genesis IRO, visit app.citadao.io. Follow CitaDAO on Twitter (@citadao_io) or join their discord.