LandOrc: NFT and DeFi Empower Global Real Estate Financing

What is LandOrc

Friends, imagine if you own a piece of land, or you’re a real estate developer who needs funding to build houses, but traditional bank loans are cumbersome, time-consuming, and often come with high interest rates. At the same time, you might be an investor holding digital assets (such as cryptocurrencies), looking for an investment opportunity that not only offers stable returns but also allows you to participate in the real economy. The LandOrc project acts as a bridge, connecting these two worlds.

Simply put, LandOrc is a blockchain project that leverages two cool technologies: Non-Fungible Tokens (NFTs) and Decentralized Finance (DeFi) to solve the financing challenges in the real estate industry.

Its core target users are two groups:

• Real estate developers or landowners: They can use the LandOrc platform to “digitize” their land ownership into a special NFT, and then use this digital land as collateral to obtain project funding from global cryptocurrency investors.
• Digital asset investors: They can invest their cryptocurrencies into the LandOrc platform, participate in the financing of these real estate projects, and thus earn relatively stable returns.

You can think of it as a “blockchain-based real estate mortgage platform.” On this platform, land ownership is no longer a paper document, but becomes a unique digital certificate (LandNFT), like a dedicated “digital property certificate” for your land. Investors provide funds, similar to lending in a “digital bank” to real estate projects with real land collateral.

Project Vision and Value Proposition

LandOrc’s vision is to bring greater security and transparency to the real estate industry and promote its development by lowering financing costs. It aims to bridge the global real estate funding gap, which reaches as much as $500 billion annually, especially in markets where traditional financing is expensive.

It mainly seeks to address the following pain points:

• Insufficient liquidity: The real estate industry often suffers from slow capital turnover, and LandOrc hopes to inject new vitality into real estate projects by introducing cryptocurrency funds.
• Inefficient traditional financing: Bank loan processes are complex and time-consuming, while LandOrc simplifies this process through blockchain technology.
• High-interest markets: In some regions, real estate developers face very high loan interest rates, and LandOrc offers a potentially lower-cost financing channel.

Compared to traditional projects, LandOrc’s uniqueness lies in its combination of NFTs (non-fungible tokens, which you can think of as unique digital assets on the blockchain, such as digital art or game items—in this case, digitized land ownership) and DeFi (decentralized finance, meaning financial services without central institutions like banks). It not only digitizes land ownership but also integrates off-chain data such as land location and visual information onto the blockchain via oracles (tools that bring real-world data onto the blockchain), increasing transparency.

Technical Features

The technical core of LandOrc is to leverage the characteristics of blockchain to provide a secure, transparent, and efficient solution for real estate financing.

• Blockchain foundation: The LandOrc project mainly runs on the Ethereum blockchain. Ethereum is an open blockchain platform that supports smart contracts and provides the underlying technical support for various LandOrc operations.
• LandNFTs (Land NFTs): This is the key to the project. Each piece of land used as collateral is minted as a unique ERC-721 standard NFT, which we call LandNFT. This LandNFT is like the “digital ID” or “digital property certificate” for the land, containing detailed information, valuation, location, etc., all stored via IPFS (InterPlanetary File System) (a decentralized file storage system), ensuring data security and immutability.
• Smart Contracts: All processes on the LandOrc platform—financing, collateral, yield distribution, etc.—are automatically executed via smart contracts. Smart contracts are code stored on the blockchain that automatically execute once preset conditions are met, without third-party intervention, greatly improving efficiency and trust.
• Oracles: To ensure the land information contained in LandNFTs is real and accurate, LandOrc uses oracles to securely transmit real-world data such as land valuation, location, and visual materials onto the blockchain.

Tokenomics

The LandOrc ecosystem has three main tokens, each playing a different role:

• LORC (LandOrc Token): This is the main utility token of the LandOrc platform, based on the ERC-20 standard (the most common fungible token standard on Ethereum, like regular currency). Investors can use LORC tokens to participate in staking for real estate projects, thus providing funding and earning returns. Loans to developers are also issued in the form of LORC tokens.
• LandNFT (Land NFT): As mentioned above, this is a non-fungible token of the ERC-721 standard representing digitized land ownership. It serves as collateral for real estate projects, providing security for investors.
• LGOV (Land Governance Token): This is the governance token of the LandOrc platform. Users holding LGOV tokens can participate in major platform decisions, such as voting on which real estate projects can receive funding, ensuring decentralization and community participation.

Basic Token Information:

• Token Symbol: LORC
• Issuing Chain: Ethereum
• Total Supply: LORC has a total supply of 21,530,000, with a maximum supply of 50,000,000.
• Circulating Supply: According to self-reported data on CoinMarketCap, LORC’s circulating supply is 0, and its market cap is also 0. Another source shows a circulating supply of 22.69 million. This indicates that the token’s market activity and data verification may be uncertain and should be noted.
• Inflation/Burn: The whitepaper mentions that LORC will initially pre-mint 21 million. Revenue mainly comes from LorcFinancing interest, but there is currently limited information on explicit inflation or burn mechanisms.
• Token Utility:
  • LORC: Staking for yield, issued as loans to developers, platform transaction fees.
  • LandNFT: Represents land ownership, used as collateral.
  • LGOV: Participate in platform governance and project voting.
• Distribution and Unlocking: The project’s seed round financing has been completed, with early investors receiving the first batch of LORC tokens. In addition, the project has distributed LORC tokens through a Bounty Program.

Team, Governance, and Funding

The success of a project depends on the people and mechanisms behind it.

• Team: LandOrc has a multicultural team with extensive experience in finance, technology, real estate, law, and marketing. The whitepaper mentions Sree Murthi as CTO and Damodharan Vijayaragavan as CEO.
• Governance: LandOrc adopts a decentralized governance model. This means that major project decisions are not made by a few people, but are jointly voted on by LGOV token holders. For example, whether a real estate project can receive funding on the platform requires LGOV holders to reach a certain voting threshold. This model aims to increase transparency and community participation.
• Funding: LandOrc’s seed round financing has been fully sold out, indicating that the project received some early investor support. The platform’s revenue sources mainly include: transaction fees on staking and fiat-crypto exchange, interest spreads from LorcFinancing loans, and one-time fixed fees.

Roadmap

The project’s whitepaper table of contents mentions an “indicative roadmap timeline for LandOrc” and “the future of LandOrc.” Some reports from 2021 also mention that the project has a “clear roadmap.” However, in publicly available information, specific historical milestones and detailed future planning timelines are not clearly listed. This may mean that specific roadmap details need to be obtained from the full whitepaper or official channels.

Common Risk Reminders

All investments carry risks, and blockchain projects are no exception. When considering LandOrc, you should pay attention to the following points:

• Technical and Security Risks:
  • Smart contract vulnerabilities: Although smart contracts are designed to enhance security, if there are bugs in the code, it could lead to loss of funds.
  • Oracle risk: Oracles are responsible for bringing off-chain data on-chain. If the oracle’s data source is manipulated or fails, it may affect the accuracy of the project.
  • Blockchain network risk: The Ethereum network itself may face congestion, high gas fees, or security attacks.
• Economic Risks:
  • Cryptocurrency market volatility: The price of LORC tokens is affected by overall crypto market fluctuations, which may lead to a decline in value.
  • Real estate market risk: Although there is land collateral, the real estate market itself is subject to cyclical fluctuations and liquidity risks, which may affect the value of collateral and project returns.
  • Insufficient token liquidity: Currently, LORC token’s circulating supply and trading volume on major exchanges are low or unverified, which may mean poor liquidity and difficulty in buying or selling.
• Compliance and Operational Risks:
  • Regulatory uncertainty: Globally, the regulatory environment for cryptocurrency and real estate tokenization is still evolving and changing, and future policies may impact project operations.
  • Legal framework complexity: LandOrc ensures compliance by setting up special purpose vehicles (SPVs) in different operating markets, but this still requires dealing with complex legal frameworks in various jurisdictions.
  • Project activity: According to the latest market data, LORC token’s trading volume and market cap are very low, which may indicate that the project is currently not very active or its development has not met expectations.

Please remember, the above risks are not exhaustive. Be sure to conduct thorough personal research and risk assessment before investing.

Verification Checklist

If you want to learn more about the LandOrc project, you can check the following information:

• Official website:www.landorc.io
• Whitepaper: Links can be found on the official website or in related reports.
• Block explorer contract address: The contract address for the LORC token is 0x1489...e0523a (on Ethereum). You can check this address on Etherscan or other block explorers to view token transaction records and holder distribution.
• GitHub activity: No information on LandOrc’s GitHub activity was found in current search results, which may mean its codebase is not public or not active.
• Social media: The project has official accounts on Telegram, Twitter, Facebook, Reddit, Instagram, etc. You can follow them for the latest updates.

Project Summary

LandOrc is an innovative blockchain project that attempts to provide a new financing solution for the global real estate industry by combining NFT and DeFi technologies. It digitizes traditional land ownership into LandNFTs and allows digital asset investors to participate in real estate project financing by staking LORC tokens, aiming to improve liquidity and transparency in the real estate market and reduce financing costs.

The project has an ambitious vision and its technical architecture leverages cutting-edge technologies such as blockchain, smart contracts, oracles, and IPFS. The team is diverse and has designed the LGOV governance token to enable community-driven decision-making.

However, current market data shows that LORC token’s circulating supply and trading activity are low, which may mean the project faces challenges in market promotion or practical application. In addition, regulatory uncertainty in the crypto and real estate industries, potential smart contract vulnerabilities, and market volatility are risks that investors need to fully consider.

In summary, LandOrc offers an interesting perspective on how blockchain technology can empower the traditional real estate industry. But as a relatively early-stage project (whitepaper and major news released in 2021) with currently low market activity, potential participants must conduct in-depth research and carefully assess all related risks before making any decisions. This is not investment advice.