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The Etherland ecosystem operates using a utility token called ELAND. ELAND is used for paying bounties, subscribing to grades, and accessing platform features. It is a fully decentralized token with a fixed and low total supply. Over 75% of ELANDs are in circulation, providing assurance to investors.
Etherland is revolutionizing the real estate industry by providing users with crucial decision-making information. Estatepedia, a comprehensive database, stores and tracks ownership history, renovation works, deeds, EPCs, norms, and more for every registered property. Participants actively contribute to data preservation and have control over their own data.
To achieve this, Ethereum and IPFS work in tandem. Ethereum's smart contract acts as a ledger for significant transactions and changes, while IPFS serves as the storage for associated data.
By expanding the Estatepedia, Etherland aims to transform the real estate industry into a hedge against crises and inflation. This eliminates administrative burdens and delays, ultimately enhancing fungibility.
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