Please describe your proposed solution.

In response to a growing demand from companies seeking to participate in the fractional real estate market, we are developing a comprehensive blockchain solution that eliminates the technical complexities and regulatory hurdles associated with entering this evolving industry. Our all-inclusive platform will empower companies of all sizes and technical backgrounds to seamlessly list and manage their real estate offerings.

By providing a user-friendly interface, streamlined processes, and expert guidance, our platform will democratize access to the fractional real estate market, fostering healthy competition among listing companies and expanding the range of investment options available to end-users. This will ultimately lead to a more diverse and vibrant market that benefits all participants, from companies seeking to enter this market to investors seeking to diversify their portfolios.

Please define the positive impact your project will have on the wider Cardano community.

The positive impact of our project on the wider Cardano community lies in several key aspects:

• Expanded Opportunity for Participation: By enabling firms to utilize our platform, we are creating new opportunities for participation within the Cardano ecosystem. This diversification contributes to a more robust and inclusive community.
• Enhanced Utility and Adoption: The successful implementation of our platform will showcase the Cardano network's versatility beyond typical financial transactions. It demonstrates the practical application and adoption potential of blockchain in real-world business scenarios.
• Increased Economic Activity: As more companies list properties and engage in transactions within our platform, it can lead to increased economic activity within the Cardano ecosystem.
• Sharing Outputs and Opportunities: Outputs, such as project milestones, metrics, and impact assessments, will be openly communicated through regular updates on community forums, social media channels, project website, and relevant publications. Opportunities resulting from the project's success, such as case studies, best practices, potential collaborations, and dedicated outreach efforts.

Our platform will bring value to the Cardano Community by showcasing the network's adaptability in handling real-world applications. By measuring and sharing outputs and opportunities, we aim to contribute to the growth, adoption, and utility of the Cardano ecosystem.

What is your capability to deliver your project with high levels of trust and accountability? How do you intend to validate if your approach is feasible?

About our CEO, Daniel Johnsen:

With a background and experience as an enterprise project leader Daniel is used to managing substantial funds while ensuring timely and high-quality outcomes. He has successfully facilitated projects, maintaining a focus on both budget and quality. He has also built an extensive network in the Cardano ecosystem over the last five years. spanning from legal experts, developers SPOs and key personnel in the ecosystem, ensuring a robust foundation for this endeavor.

About Fraction Estate:

We prioritize transparent financial management, ensuring clear budgeting, detailed financial reporting, and audit trails. Collaborating closely with legal experts, we aspire towards achieving compliance with regulatory frameworks, fostering confidence in our adherence to legal standards. Additionally, providing transparency into fund allocation and utilization. With these measures, we aim to establish and maintain trust and accountability throughout our project's execution.

What are the key milestones you need to achieve in order to complete your project successfully?

75K ADA upfront:

• Legal guidance

>75K ADA:

• Develop UI/UX
• Update and publish V.2.0 of demo

>75K ADA

• Develop backend
• Building the smart contracts

>50K ADA

• Smart contract audits
• Launch platform

>25K ADA:

• Final completion and video report

Who is in the project team and what are their roles?

Fraction Estate - Daniel Johnsen

Founder, CEO

Metagen solutions

Development Team

Legal team

Will be acquired during Milestone 1.

Please provide a cost breakdown of the proposed work and resources.

We are moving into uncharted territory, and we don't know if the funding is enough.

But we know it will be enough for Fraction Estate to cover the rest if we would exceed the amount.

Our estimates (based on current ADA value):

75K ADA - Legal advisors, estimated $350/hour

150K ADA - Developers, estimated $100/hour

50K ADA - Smart contract audit, estimated $10 000 per smart contract

25k ADA - Report

Time and effort from the Fraction Estate is not taken in to consideration

How does the cost of the project represent value for money for the Cardano ecosystem?

<u>For companies:</u>

• Lower entry-barrier: The project will make it easier and less expensive for companies to enter the fractional real estate market, regardless of their technical expertise or financial resources.
• Increased efficiency: The project will streamline the process for companies to list and manage their fractional real estate offerings, saving them time and money.
• Expanded reach: The project will give companies access to a wider pool of potential investors, increasing their chances of raising capital.

<u>For end-users:</u>

• More diverse investment options: The project will expand the range of investment opportunities available to end-users, giving them more choices and diversifying their portfolios.
• Lower fees: The project will help to reduce the fees associated with real estate investing, making it more affordable for end-users.
• Greater transparency: The project will provide end-users with more information about their investments, helping them make informed decisions.

<u>For the Cardano community:</u>

• Demonstrate the network's adaptability: The project will showcase Cardano's ability to handle diverse real-world applications, increasing its appeal to developers and investors.
• Increase adoption: The project will help to attract new users to the Cardano ecosystem, driving adoption and growth.
• Create new opportunities: The project will identify and explore new opportunities for using Cardano in the fractional real estate market, further expanding its utility.