Sustate Finance is your opportunity to invest in real estate around the world using cryptocurrency based on Sui Network
Sustate Finance is a DeFi app that provides access to real estate investing using synthetic asset technology, which carries the full characteristics and exact value of a property in a certain area and is updated in real time.
With the Sustate Finance app anyone can buy any amount of land anywhere in the world with no trading limits, high liquidity and low commissions. This gives new opportunities for investing, hedging, speculation and opens a new sector for the crypto space.
Sustate Finance provides users with accurate and correct data for investing and speculating. Prices are powered by Sustate Price Control, which shows the average price per square meter based on a continent, country or city level and updated in real time.
Fees Structure
In order to enable the exchange of synthetic assets, an exchange fee is charged by Sustate Finance whose fees are sent to the fee pool for Sustate stakers to claim.
Exchange fees are charged when a trader opens or closes a trade through the Sustate platform. These fees are sent to the fee pool, where they are available to be claimed by Sustate stakers each month, fees also go to develop the ecosystem and participate in the burn system process, where 10% of that amount is burned off. Exchange fees are 0.2% of the transaction amount. Commissions are also displayed prominently in the Sustate trading platform during trading.
Oracles
To implement its algorithms for calculating the prices of synthetic real estate assets, Sustate Finance uses a system of personal Oracles that work on the principle of collecting, grouping and calculating the necessary, secure information about current real estate prices in certain areas around the world. They transmit this data through encrypted ports directly into a smart contract on the Sui Network of each asset which updates prices in real time, but subject to the margin of error that is allowed for the most expensive and very cheapest properties.
Sustate Finance oracles can calculate up to 12 active update sources for analysis. The entire algorithm works according to a derived formula:
Roadmap
2022 Q4
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Project Concept
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Team Recruitment
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Main Website
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Documentation
2023 Q1
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Social Networks
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Community Build-up
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Partnership Expansion
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Sustate Land (NFTs)
2023 Q2
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Private Testnet
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Bounty Program
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Public Beta
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Fundraiser
2023 Q3
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Mainnet
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Token Sale
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Expand Functionality
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Global User Event
The Sustate Roadmap are under ongoing development. All information below is not final, and is subject to change before Sui Network’s Mainnet launch.
About Token
ST Token
Sustate Token (ST) is the project’s primary token that will be used to interact with synthetic real estate assets.
Their token will have an internal combustion system, namely 0.02% of transaction fees will be combusted during each asset purchase. This will make the ST token more valuable to its holders.
There is a limited LP pool for ST holders, which will include every possible synthetic asset present in the Sustate app. It has the most favorable APY and is the most diversified.
Users Benefits
Governance
Sustate Finance proposes a governance structure for users to coordinate efforts to maintain and improve the protocol. Holders have access to voting to do this. Proposals will dictate the roles and processes that the Sustate Community will use to work. By having a clear framework within which Sustate Governance will function, the community will have the necessary mechanisms to achieve results, such as a way to propose new features, reward DAO participants, and manage mediocre moments.
Platform users who have an ST token in their wallet will receive a rating that determines their eligibility to vote in the protocol; the higher the rating, the greater the influence in the votes and accordingly the rewards. This will allow them to vote on election results and proposals that DAO sees fit to put out to the public.
Each vote within the protocol will receive a reward from the protocol in the amount of N (ST) tokens, depending on the importance of the issue raised. The amount of tokens allocated will depend on the rating of the vote used in the vote. Each successful vote may contain a reward of no more than 0.01% of the available token supply.
