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pros of onchain: structuring (of deal terms, cash flows, parties) is extremely flexible. It’s the power of customization, automated tooling, and certainty and visibility for all parties. Underrated pro: data about the project can be linked to the asset. Better access to info for the investor is a first principles pillar of any investor protection regime. You can also leverage already existing robust secondary marketplaces for transfers and lending platforms for leverage, ie an ecosystem of tools and users exist.
Cons of onchain/pros of trad method: securities regulation compliance is difficult (in the US at least). Because onchain is so customizable, it’s very easy to run afoul of the bright-line rules (for ex, limited number of investors, limited secondary transactions, disclosure requirements, solicitation restrictions). Different jurisdictions may have different concerns here.
Cons of trad method: information asymmetry, one size does not fit all deals, easy for investors to get burned. 0 reply
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I conceptualized a global village in a project, "Straightline, Georgia".
A one mile wide public easement from Athens, Ga (new inland port) to Savannah, Ga (seaboard port) designed to exchange land with entrepreneurs from Freetown, Sierra Leone to promote trade with Africa. It had a high-speed rail line and a 100 mph super highway to accommodate freight from the port and electric vehicles, a canal to renovate farmland soil from the ocean with the added benefit of alleviating coastal flooding, more components. 5k square land parcels for 1k sq foot homes. Energy parcels, etc. Very fluid zoning. Mortgage payments were based on 7% of income, energy and utilities etc another 7% and maintenance, insurance, etc. 21% total. Designed as generational housing with 40 plus years mortgages. In my mind, at least in the U.S., the market is so permanently corrupted a whole new way of doing things is the only way anything will work.
Will find and look over your report, I am sure it is fascinating. 0 reply
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