Today I will continue to talk about two RWA track projects, both of which have not been talked about before. Today I will talk about a real estate RWA player - labs, and the other is a public fixed income RWA-SMT. The current market value of these two projects is relatively low, so the risks are also extremely high, and they may run away at any time, so don’t invest indiscriminately. I am also here to introduce more current applications in the blockchain industry and provide you with more abundant career knowledge.
The first project is LABS, which is a timeshare real estate tokenization platform. Its current market value is only 670,000 US dollars. Seeing this market value, it is usually just a cross out, but we still take a look here, just like reading the news to gain some knowledge and reserve some knowledge.
Introduction
LABS Group is a real estate tokenization platform that allows homeowners to tokenize their homes to raise funds without intermediaries, and investors can also access other real estate tokens with higher liquidity through the secondary market.
Additionally, LABS Group has launched a Web3 vacation platform, Staynex, which enables resorts, hotels, and villas to be tokenized as NFTs - Staynex passes. Staynex passes provide holders with the utility of not only enabling them to travel around the world flexibly and stay in hotels at any time, but also to earn income from room rentals.
By tokenizing “stays” through blockchain technology and embedding them into NFTs, participating hotels and resorts can create, design and mint their own timeshare plans on NFTs, which represent membership status and number of nights of stay.
As it involves cross-border investment, LABS Group’s exchange was approved by the government after submitting a complete business plan. LABS Group has obtained a compliance license for retail investment.
status quo:
The resort industry is rich in resources, with 60 hotels, and cooperates with Arsenal Football Club as its official hotel membership platform. At present, LABS Group is the best performing project in the real estate RWA track token. $LABS has obtained support from centralized exchanges such as kucoin, gate, and bitmart, and has received some attention when it was listed on these exchanges.
Its core business consists of three parts:
The first-level platform is the so-called crowdfunding platform, which realizes crowdfunding, staking and governance of real estate.
The secondary platform is a digital asset exchange that focuses on real estate assets.
A platform for parallel and auxiliary projects to provide consulting and advisory services for blockchain.
In addition, there is a decentralized equity pledge pool and a lending platform to help investors obtain leveraged returns.
The specific business model can be understood as follows.
First, suppose there is a real estate developer who used to borrow money from banks to develop projects. Now, he can directly target end investors and obtain funds from investors in the primary market. For example, if he raises 100 million US dollars, he can issue a total of 100 million tokens, and one token corresponds to one US dollar.
Then, through the digital stock exchange, these tokens can be circulated. Therefore, funds of different sizes, from $100 to $10,000, can participate. Moreover, it can improve the liquidity of real estate assets.
Token Economy
This project was launched in 2021, with a total of 10,000,000,000 tokens. Currently, 2,216,879,594 tokens are in circulation, accounting for 22% of the total. Therefore, there are still a large number of tokens that have not been unlocked. The current price is 0.0003093, and the peak was $0.1707 (2021-03-27), which means that the peak was when it was launched. From this point of view, it is basically zero. From this, we can basically conclude that this project is dead. Another point is that the previous roadmap cannot be found on the official website. I found the old roadmap, and it seems that the team did not implement it, so the project is basically dead.
Second Project (Public Fixed Income) Swarm Markets
This project is a public fixed income project. Yesterday we talked about a private fixed income project, which is MPL. Today we will compare the differences between public fixed income and private fixed income.
As the name suggests, public fixed income refers to public fixed income products, such as common bank deposits and bonds.
The current market value of this SMT is relatively low, only 3.3 million US dollars, and its ranking is 1000+. There is also a risk of running away at any time, so everyone should be cautious.
Introduction
Swarm Markets provides compliant DeFi infrastructure for RWA token issuance, liquidity and trading, and is supervised by German regulators. Swarm Markets combines an on-chain compliance layer with regulatory approval to tokenize U.S. Treasuries and stocks. Through the issuing entity SwarmX, publicly traded equity securities are acquired as the underlying assets of the on-chain tokens, which are held by institutional custodians.
Protocol Revenue: Swarm will receive 25% of the pool swap fees or 0.1% of the assets being swapped (whichever is greater).
Protocol status: Swarm currently offers TSLA (Tesla), AAPL (Apple) stocks and TBONDS 01 (iShares U.S. Treasury 0-1 Year ETF), TBONDS 13 (iShares U.S. Treasury 1-3 Year ETF) bond ETFs BLK (BlackRock), COIN (Coinbase), CPNG (Coupang), INTC (Intel), MSFT (Microsoft), MSTR (MicroStrategy), NVDA (Nvidia) stock tokens.
Token function: $SMT is the native token of Swarm Markets, which can enjoy trading discounts and rewards. When traders choose to pay with $SMT, they can get a 50% reduction in protocol fees. $SMT holders can enjoy loyalty rewards, and the specific proportion will vary according to different levels. Similar to the concept of centralized exchange platform coins.
Protocol advantages and risks: Swarm’s advantage is that it provides more choices for DeFi users, combining blockchain and traditional assets, and mixing TradFi and DeFi. Of course, Swarm currently still offers fewer stocks and bonds, and its depth cannot be compared with traditional markets.
Swarm Markets aims to help clients easily, cost-effectively and securely trade across a variety of asset classes using blockchain-based tokens, while ensuring regulatory compliance and preserving the core benefits of decentralized finance (DeFi), including self-governance, on-chain transparency and network liquidity.
Swarm Markets' innovation lies in combining an on-chain compliance layer with our regulatory license. This universally applicable concept enables users to conduct compliant transactions, participate in regulated liquidity pools, and gain access to financial products and assets that are completely new to DeFi.
Its main product is to create an AMM that can tokenize RWA. Asset issuers can map real-world assets to the blockchain through smart contracts and convert them into digital assets. Issuers need to register and review in accordance with relevant regulations and platform requirements to ensure the legality and authenticity of assets. This asset is represented as Xtoken and can be traded on this AMM.
In fact, the Swarm market project is equivalent to providing a set of RWA tools to help people quickly realize the process of RWA asset chain and transaction.
Token Economy
The project was launched in 2021. The total amount is 250,000,000, and 32,769,650 are in circulation. The circulation rate is 13%, which is still very low. The current price is 0.1 USD. The peak was about 0.4 USD when it was first issued. Now it continues to fall and has no bottom. The current distribution is not very clear. 20% of the reserve should belong to the team, and 50% of the reward should also be controlled by the team, so the team holds too high a proportion.
Finally, let's summarize these two projects. The first one is LABS's RWA for real estate. From three aspects, this project can almost be said to be dead. First, the market value is too low. Second, the roadmap has not been realized. Third, the market value continues to decline, and there is no sign of recovery, so it can basically be abandoned. The second public fixed income SMT is more interesting. It allows us to buy real-world stocks in the blockchain world. There are still some problems with the project. The market value is too low, a few million US dollars, and the TVL is only a few million US dollars. This kind of project is innovative in the blockchain world, but the experience is quite different from the traditional one. But it at least brings innovation and makes us see a car in front of us. It's still the same as what I said before. Talking about these two projects is not to let everyone buy, but to broaden everyone's horizons. In the development of blockchain, we can buy real estate and stocks on the chain, so what is impossible in the future? Finally, I will give you a jargon wagmi~