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The Platform

User-friendly dApp for real-estate management and crypto payments

Quick introduction to Blockchain

Blockchain technology provides fast transfer, creation, and storage of digital assets in a one-of-a-kind tamper-proof way.

What makes it unique is that the data, once deployed on-chain, is immutable, publicly available to anyone, can be invoked for execution based on customizable parameters, and is verified by the blockchain’s consensus mechanism. These properties enable users, among other things, to enter into binding digital agreements via smart contracts and to carry out transactions autonomously.

PRIMARY

PRIMARY aims to be a first-mover platform for managing real estate on a blockchain. New management processes will be established via the seamless dApp and a new model will be introduced where tenants and landlords can intuitively conduct transactions in different cryptocurrencies, regardless of whether they are familiar with cryptos or not.

  • Free from superfluous processes
  • Fraud prevention through immutable records
  • Focus on mass adoption and a user-friendly approach
  • Virtual and actual properties
  • First go-to-market platform for a huge untapped industry

Expanded features

  • Immutable Block Data
  • Decentralized File Storage
  • Accelerated staking pool
  • Encryption and Data Replication
  • NFT and META properties
  • Community involvement

Smart Contracts attributes

  • Funds management
  • Trustless agreements
  • Token rewards allocations
  • Autonomous environment

Base functionalities

  • Automated listings matching
  • Advanced Search
  • Reviews system
  • P2P interactions
  • Marketplace

Participants

  • Tenants/Landlords and virtual land commerce participants
  • Related Institutions (University programs, relocation companies)
  • Contributors
  • NFT creators
  • Localized 3rd party services
  • Partnered sharing-economies
  • Real-estate firms

Overview

Main Development Stack

PRIMARY combines blockchain technology and a topflight development stack to provide easy access to users who will be able to intuitively interact via associated mobile and web apps.

Tool Usage
Solidity

Smart Contracts and DApps are written in Solidity, allowing compatibility with a wide range of integrations within the blockchain ecosystem

As the most mature blockchain, Ethereum makes it possible to create a trustless and autonomous environment for various processes, such as – rental agreements conducting and direct transactions between participants. At the core of the system, rental protocols translated to Smart Contracts and executed in dApps gives a new level of accessibility to users

Python, NodeJS & Java Scalable backend structure by microservice architecture
Vue.js Modern JS front-end app to efficiently manage staking pool and real-time events
React.js

Resource-saving toolkit for smooth iOS and Android mobile app development

In addition to general functionalities, the mobile app will also serve as a designated wallet of RNB tokens with an intuitive mobile experience

Amazon Web Services Cloud hosting for scaling and advanced instance management
Cloudflare CDN & Firewall Network edge optimisation and DDOS protection

The PIMARY Ecosystem

PRIMARY is a next-generation platform that moves the entire rental process, from finding a property and signing the rental contract to the autonomous release of the deposit at the end of the tenancy and everything in between, into a streamlined decentralized architecture, advancing sharing economies into the blockchain era.
 
In addition to the basic features of a digital marketplace, PRIMARY will introduce new functionalities made possible by blockchain technology. These include: concluding rental agreements supported by smart contracts and verified on the blockchain; immutable records to eliminate fraud and scams; rent-related payments via integrated wallets, lower costs via decentralization, and leasing and trading of virtual metaverse properties across different worlds.
 
Transactions
 
Through a direct payment system, users can choose their preferred payment method for rent.
 
For example – landlords can request rent payment in a specific cryptocurrency through a multi-currency wallet with intuitive UI that serves as the deposit and withdrawal point, while PRY is used as an intermediary currency.

Metaverse properties

Participants will be able to browse, buy, sell, trade or lease NFT backed virtual real estate across different metaworlds, posing a unique opportunity for high yield transactions in this emerging space.

For example, an owner of land in a metaverse can lease it to other parties or corporates to hold events, venues or open an eCommerce store, transforming it into a yield generating commercial property. This land can be sold later for a higher price, in the same trajectory of a real-life property.

Transactions of virtual land sales will incur a fee, a percentage of which will be used as an incentive and reward for community involvement.

The PRY Token

PRY is the utility token of PRIMARY platform. It is used for accessing functionalities across the ecosystem and benefiting from enhanced rewards and discounts to holders. PRY also serves as a measure of keeping the ecosystem neutral and as an incentivising device for strengthening its reach.

Use cases Examples

  • Property Listing
  • Highlighting features
  • Automated deposit release
  • Utility payments disbursement
  • Deed verification
  • Posting promotional material
  • Discounted offers by 3rd party providers
  • Participating in community events
  • Gaining access to pools
  • Executing smart contracts

Smart Contracts

The focus of the functionalities will revolve around two core smart contracts: Deposit Agreement and Lease Agreement, and a proposed later contract via a dedicated governance token which will facilitate Resolution Agreement. The complexity of these contracts tackles the common pain points described in the previous section, mainly: the threat of fraud, payments withholdings, and community disputes. The Contracts are processed in the background and synchronized with a user-friendly interface, so also non-tech-oriented users can benefit from these novel characteristics.

Token Holder Access

Accelerated staking

Early adopters will be able to stake their PRY in an accelerated staking program on Uniswap. PRIMARY has dedicated 350,000 PRY, 10% of the total supply of tokens, as bonus rewards for liquidity providers and supporters in the early stages of the project.

Rental loans

PRIMARY seeks to provide easy access to community loans, either through an internal community pool or via collaboration with a 3rd party DeFi service provider, which will enable PRY holders to benefit from both available access to liquidity in case of a borrower or rewards for lenders.

Discounts

Paying in PRY for services across PRIMARY‘s ecosystem will be incentivized via discounts to holders.

Vault

PRIMARY tokens used in transactions across the platform are funnelled through a wallet designated as a “vault". The vault serves, among other functions, as the liquidity provider of PRY tokens for users who wish to purchase PRY or pay for services across the platform with Fiat.

A removal mechanism will ensure the collection of PRY tokens from the circulating transactions and place them in the vault until a target cap is reached. This protocol is intended to provide incentives for PRY users and continuous funds for further growth of the ecosystem, as detailed in the tokenomics chapter.

Challenges

Volatility

Cryptocurrencies are naturally exposed to external market forces which affect their price movement. As a first step, the PRY utility token will chiefly serve as a tool for streamlining the leasing process within the PRIMARY ecosystem and to enable the platform’s functionalities, which will include making rent payments with more mature and less volotaile cryptocurrencies.

Regulation

The crypto sphere is still in the initial adaptation stages and is expected to undergo regulation reform.

As a growing number of senior figures in the economic sector such as Mark Cuban and Jim Breyer, and top tier companies including IBM, Nasdaq, Hitachi, and Daimler AG, amongst massive funds, are publicly shifting favourably towards cryptocurrency, regulation of the crypto markets will also generate positive attributes as well as guarantees to crypto holders.

Staking PRY

Benefit from different reward programs and stake your PRY either on Ethereum or Binance Smart Chain. Each of the staking programs offers different incentives in addition to the network’s liquidity provider fees. Choose between MetaMask on Uniswap, Bancor, and Pancakeswap to stake PRY.

Stake your PRY now and get rewards:

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