ABOUT FOGNET Project
Blockchain Based Real Estate Platform
FOGNET is a project to build a blockchain-based platform that uses NFT and utility tokens to create an ecosystem that can participate in real estate development and sale, and to form a token economy through it. In order to discover NFT content that can be commercialized and create a healthy NFT trading ecosystem based on real assets, the company plans to expand its service and business areas through the advanced and stabilization stages of FOGNET platforms.
The FOGNET platform is an Ethereum blockchain network-based real estate NFT content platform that can be traded by issuing NFT the right to implement and sell real estate development projects. It can also be said to be a new concept of real estate development finance through NFT (Project Financing, a method of financing real estate development project business and future cash flow as collateral). By utilizing NFT, anyone can participate in development projects, lowering barriers to real estate investment, and making real estate development projects where illegal and illegal activities are rampant transparent and fair.
SOLUTION Security &
Transparency
Fractional ownership
The downside of issuing a property ownership certificate on paper is that it can be easily lost, altered or forged. Since NFT is recorded and stored in the blockchain ledger, anyone can track the history of ownership and previous transactions to check their authenticity, and it cannot be forged or changed due to the invariance of the blockchain.
SOLUTION Fractional
Ownership
Virtual-asset Stability
The segmented NFT allows the cost and ownership of physical assets such as real estate to be shared with multiple people. Issuing a portion of property ownership in NFT could help lower entry barriers for new investors seeking to enter the property market
SOLUTION Real Estate
Liquidity
Real estate liquidity
Liquidity is an obstacle that can affect property value because it can be difficult to match the right buyer and the right property. However, since blockchain technology has no borders, it helps to open the real estate market to the global buyer pool by increasing market participants.
SOLUTION Transaction Simplification
Transaction simplification
The real estate industry is notorious for its complex and slow processes, but NFT can help simplify and accelerate these processes. In addition, processes related to asset changes can be automated and maintained by smart contracts that automatically execute commands when conditions are met.
SOLUTION FOGNET Ecosystem
The FOGNET platform ecosystem forms a token economy that is organically linked through FOGNET Token (FOG), a key currency and basic payment means necessary for various activities within the ecosystem, Empire NFT for exercising the rights of users in the ecosystem, and real estate devolopment NFT. By owning Empire NFT, users will be eligible to participate as members of FOGNET DAO, the autonomous decision-making body of the FOGNET Platform ecosystem, and exercise their right to distribute revenue and make decisions
ECONOMY FOGNET Platform Token Economy
The FOGNET platform ecosystem forms a token economy with the FOGNET Token (FOG), a key currency and basic payment means necessary for various activities within the ecosystem, the Empire NFT, which allows to exercise rights within the platform, and the developer NFT and sale NFT, that issues existing real estate development project implementation rights and pre-sale rights as NFTs and lastly, the FOGNET point that is given to users as rewards.
ECONOMY FOGNET Token
FOGNET Token (FOG) is the main currency of the FOGNET platform and is the basic payment method. FOGNET Token (FOG), a utility token in the FOGNET platform ecosystem, uses the standard token specification ERC-20 standard set by the Ethereum blockchain network, taking into account the stability and scalability of transactions.
ECONOMY Empire NFT
FOGNET Token (FOG) is the main currency of the FOGNET platform and is the basic payment method. FOGNET Token (FOG), a utility token in the FOGNET platform ecosystem, uses the standard token specification ERC-20 standard set by the Ethereum blockchain network, taking into account the stability and scalability of transactions.
ECONOMY FOGNET Point
FOGNET points are a reward payment means for the platform ecosystem, and can be exchanged for FOG which can be exchanged to asset trading method. The exchanging ratio is 10,000 point : 1 FOG when exchanging FOGNET points with FOG and the minimum exchangeable point is 10,000 points.
ECONOMY FUSD
FUSD is the stable coin of FOGNET. FOGNET plans to provide a stable swap service that can exchange various stable coins such as USDT and USDC for FUSD. FUSD, along with FOG, will be operated so that it can be used as a payment method for purchasing services and NFT content within the FOGNET platform.
ROADMAP FOGNET Plan
year
2023
1Q
Sales of Empire NFT
CEX listing
2Q
The first launching of implementation NFT
DEX listing
3Q
The first launching of sale NFT
CEX listing
4Q
DEX, DeFi, swap development
Starting of staking service
DAO configuration
TOKEN Token Summary
Max Supply
- FOG
Symbol
Platform
- ERC20
Token Distribution Budget
Budget Operation Plan
Token Distribution Budget
Budget Operation Plan
CONTACT Get In Touch
Email : company@fognet.io
Blockchain Based Contents Platform
Copyright © 2022 FOGNET All rights reserved.
CONTACT Get In Touch
Email : company@fognet.io
Blockchain Based Contents Platform
Copyright © 2022 FOGNET All rights reserved.