Time read: 5 min May 15, 2024

What is Kirsan and How Does the Kirsan Platform Work

 

Did you know you can invest in residential or commercial properties with little capital? It sounds impossible, but it’s the truth. Technology has drastically changed the real estate market. Nowadays, individuals and businesses can acquire complete or fractional ownership of properties worldwide.

 

How? The answer is simple – through tokenisation, blockchain, and smart contracts. Investing in property has never been easier. Today, you can pour your money into prime real estate anywhere globally without leaving your home.

 

You can do that by using platforms like Kirsan. Are you interested in learning more about it? Keep reading, as this article will provide you with exciting details.

 




What is Kirsan?

 

Kirsan is a comprehensive real estate tokenisation platform developed to digitise different types of properties. It aims to empower investors by helping them diversify their portfolios by obtaining ownership shares in real estate.   

 


How Does Kirsan Tokenisation Work?

Property tokenisation is a multi-step operation involving the following processes:

 

    • Choose a property – A particular real estate is picked for tokenisation. It could be a single-family house, residential complex, office building, commercial facility, undeveloped land, etc. Different parameters are taken into consideration when choosing the property, such as market price, location, potential demand, and more.

 

    • Create an ownership vehicle – A Special Purpose Vehicle (SPV) is usually created during tokenisation. The SPV is the legal entity that owns the digitised real estate and issues and controls the tokens (one token equals one ownership stake).

 

    • The tokenisation of property rights – Once the property is tokenised, the tokens are stored on a blockchain network, a decentralised digital ledger that records transactions onto multiple computers.

 

    • Tokens issuing and generating a PPM – The SPV drafts a detailed Investment Memorandum (PPM) that traces investment risks and terms. The PPM is given to individuals and businesses who wish to buy tokens.

 

    • Programming smart contracts – Smart contracts are created to fulfil the agreement terms and automate the exchange of tokens.

 

    • Property transfer and trading – Tokens are handed over to investors, confirming their partial property ownership. The tokens can be traded on a digital marketplace.

 


How Does the Kirsan Platform Work?

 

The Kirsan platform is easy to use. It involves several steps, which are as follows:

 

  • Create an Account

Investors must create an account using their email and input a password of at least eight characters. Before signing up, they must confirm the password and agree with Kirsan’s terms and conditions and privacy policy.

 

  • Profile Setup

After signing up, users will receive an email with further instructions on how to complete their accounts. The first step is to set up their profiles. They must choose the type of account – personal or business.

 

Personal users must also input their first name, last name, phone number, and country. Business users, however, have to share their company name, registration number, legal address, type of activity, corporate email, director’s name, phone number, and country.

 

Both are also required to upload a photo, which will later be used to verify their identity.

 

  • Identity/Account Verification

This step cannot commence if the profile isn’t completed. Before verification starts, users must confirm they’ve read and agreed with the platform’s privacy notice and consent to processing their personal data, including biometrics.

 

Users must first select the country that has issued their government Identify Document (ID). Next, they must choose to present a photo of one of the following documents:

  • Driver license
  • National ID
  • Passport
  • Residency permit

* The types of documents may vary from country to country

 

Depending on the document, they may have to upload photos of its front and back. Once the document is verified positively, users must position themselves in front of the camera and move their face from left to right so the software can confirm they’re the person from the ID. If their identity is confirmed, they can move to the next step: configure their wallets to buy or receive real estate tokens.

 

  • Wallet Configuration

The wallet is where users can manage their funds and monitor their transactions. You can set up your preferred name, manage your transactions, and view your balance. You can also set a password different from your account password to protect your wallet. Kirsan admins cannot access users’ wallet data and cannot restore the password if they forget it.

 

  • Two-Factor Authentication

This step is optional. Users can add a supplementary layer of protection by activating the platform’s two-factor authentication (2FA) security feature. You can choose your email as a secondary Point of Contact (POC) or Google Authenticator. This way, you’ll be instantly notified if someone tries to access your account.

 


Investing With Kirsan

 

Users can start exploring and participating in projects after completing all four steps. You can do that by visiting the “marketplace” section. It contains different opportunities to invest in. Each campaign has exhaustive information about the property, potential returns, and risk factors. It also details the funding goal, the price of a single token, and the minimum and maximum investments allowed. You can also check at what stage the project is.

 

You can use Kirsan to invest in more than just real estate tokens. You can also participate in Decentralised Autonomous Organisations (DAOs). DAOs are entities specialising in tokenisation activities. They provide utility and governance rights, giving investors a say on changes, updates, and strategic decisions.

 

DOAs are known for their lower entry price and high returns. They offer higher transparency, operate through immutable rules enforced by smart contracts, and minimise the need for intermediaries, reducing operating costs.

 


Join the Kirsan Community

 

You can use Kirsan’s community forums to connect with fellow members and like-minded individuals. Ask questions, share insights, and learn from one another to gain more knowledge and experience in the modern-day real estate landscape.

 

Don’t be shy to engage, as the collective knowledge of our community can help you make beneficial and profitable informed decisions. Kirsan is more than a platform. It’s a dependable solution offering individuals and businesses secure, transparent, and contemporary property investment options.

 


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