What is the process of tokenizing an apartment?

The procedure for tokenization:

You register on the list.family website and fill out an application to tokenize your apartment. Once you've filled out the application, it's checked by the Regional Director and a representative of the Regional Director's technical service.

⚠️ The apartment must meet the requirements of the LiST Platform.

Next, if everything is good, a competition is announced for living in this apartment and, as soon as 3 participants are gathered, a 3-day countdown begins. During this time, contestants can inspect the housing and withdraw from the competition, or continue to participate in it.

⚠️ If 2/3 of the contestants refuse the apartment, then this apartment is put on a stop list for a year.

After the competition, if the apartment has found a winner, a donation contract for the apartment is concluded with the Fund according to Russian legislation and English law.

Then you pay a commission to the Regional Director of 1% of the market value of your apartment, and when the property right passes to the Fund, regional LiST tokens are credited to your wallet (1 sq.m. = 1 LiST).

Read more at list.family

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