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Turning Houses Into Tokens and Disrupting Real Estate with Web3 | Jerry @ Lofty | #130

The Milk Road Show

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How Does Decentralized Ownership Work?

Dow has a treasury that it's pre-funded at the time of purchasing the property. Every Dow has its own separate bank account, so the cash is segregated and sitting there in an FDIC insured checking account or savings account. When repairs need to be made, the funds are drawn from the treasury. People can call for a vote and change the rate. If maintenance reserve depleads by below 50%, people I voted to take 50% of the monthly rent to replenish it,. And that's how that mechanism works.

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