# Introducing DPAToken (DPAT) Partner and fund Real estate developers in emerging economies - land, property and infrastructure - Powered by Web3 Technology {% hint style="info" %} **Direct Property Africa Token (DPAT)** is a technology business building an ecosystem that includes a crowdsourcing marketplace designed to connect funders and developers, enabling the listing and trading of asset-backed tokens representing ownership in underlying real-world land, property and infrastructure projects in major African cities. {% endhint %} The project's initial goal is to disrupt a well established space in 15 cities across 12 countries before expanding to suitable new locations within the continent. ## The problem starts and finishes with the availability of credit & liquidity. > ## *The numbers favour Africa’s infrastructure development:* > > The African Development Bank (AfDB) pointed out that the middle class is expected to grow from 355 million to 1.1 billion by 2050. Thus, Africa stands to reap benefits from the market as it develops and expands its economic and population base. **The 200 million people moving to African cities over the next 5 years will create the biggest boom in the history of real estate.** > > Property and land have provided the foundation for incredible wealth creation by those that invested ahead of time. African real estate is a trillion-dollar opportunity and we saw a way to tap into this market for the average person. We have partnered with experienced local real estate developers to provide liquidity for their projects and build homes, create jobs, improve infrastructure, while also enabling our community to generate ROI. > > DPAToken will help global investors invest, sell and manage ownership of major projects across the vast African continent and make investing in land plots represented by a digital registration on a blockchain that serves as proof of ownership (NFT). African developers and infrastructure builders in turn will have access to alternative international funding and capital to complete major projects. > Managing ownership of land in a trustless and transparent way is now possible and although there are area’s we will have to wait for technology to catch up or legal issues we will have to work through dealing with so many countries, we will be well placed to benefit from first mover advantage (FMA). For foreign investors who have always wanted to diversify their portfolio with African assets but have been held back by security and transparency, this is a game-changer. > > \ > Creating an ecosystem to change one of the oldest and most profitable industries in the world will be no mean feat. Yet we believe it needs changing because the majority want a more inclusive world where everyone can participate and gain access. Blockchain, Web3 and the Metaverse is how we start that journey. > > Africa has really landed on the blockchain and the community now gets a say in what gets built, by whom, for whom, and where. # Problem “We cannot solve our problems with the same thinking we used when we created them.” - Albert Einstein {% hint style="danger" %} **The problem we are focused on first at DPAT is credit and easy access to it.** For developers who need capital, getting access to it can be difficult, impossible, or overly expensive. **Throughout history, affordable credit has been central to unlocking mobility and opportunity.** The global real estate industry provides a number of difficult challenges from weak proof of ownership, high entry costs to awkward and time-consuming procedures. African cities face the same real estate process inefficiencies inherited from the global market as well as their own unique issues creating barriers to entry. {% endhint %} * Housing shortage - The World Bank estimates that over the next decade, Kenya, Tanzania, South Africa, Ghana and Nigeria will need 25million plus new homes—more than double what they've built in any other decade since 1990. * Governance – A history of poor governance and policy framework has made it difficult for African countries to attract foreign investment * **Capital – No long-term funding structures to help real estate developers access capital for large scale projects** * Tax – Many African countries levy capital gains and foreign buyer’s tax * Legal system - The procedure for purchasing real estate in every country varies in complexity i.e, some allow freehold and others only allow leasehold purchases * Currency – The currency and value of each country's economy differ causing inconsistencies and volatility * Authentication & Verification – Deeds, records, ownership processes and the legal frameworks in general are still developing and changes from one country to another. Investors may be interested in the prospect of doing business in Africa because they see the potential for skyrocketing growth in the African market. Others may be considering investing in African real estate because they see it as a place where there is a lack of investment and entry figures are low so opportunities for high returns is more likely. This is not an exhaustive list of problems, which are clear, however we believe the solutions are too. # Solution Our mission is to enable effortless credit based on true risk, transparency and simplicity. So developers can meet ever increasing real estate and infrastructure demands. {% hint style="success" %} **As a team we aim to master both effective tactical development and strategic planning to reach our targets and goals.** **We are building the protocol with the end user in mind and are developing Web3 solutions that digitise many processes of the real estate developer/buyer/seller journey.** {% endhint %} The DPAT project has clear strategy, objectives and deadlines built into an efficient product development roadmap. We’ve created a pool of reliable real estate projects and established a strong local partner base to support each project with unique local knowledge. Our real estate strategy is a balance of risk and return, by focusing on developing what is frequently referred to as "bush land" in less developed areas on the outskirts of large cities while also purchasing and regenerating derelict buildings and plots in city centres. This enables us to build visually engaging homes and communities. We do this by applying thoughtful planning through disruptive technology and local partner experience. The funds raised will be reinvested back into the project to implement a number of the core components of our ecosystem including growing our technical team, marketing, upgrading systems, legal team and developing partnerships. We will cooperate with the largest exchanges, which provide huge exposure and opportunity for existing holders to trade safely and smoothly.
DPAT solutions to problems raised * Fund more house building projects to help with housing shortage * Push towards transparent governance and policy framework * Structured and clear path for real estate developers to access capital * Promote a simple and fair real estate tax system to encourage investment * Push towards a multilateral legal structure * Push for digital currency implementation * Cross continent blockchain authentication and verification adoption
The next stage will be the development of the NFT marketplace, where users will have the opportunity to not only buy but also sell their NFTs. NFTs will act as a digital representation of assets in the real world so tokenization breaks down each plot of land into NFTs that operate like shares. The Non-Fungible Token can be easily transferred between peers and keeps a record of ownership and every transaction, past, present, and future. Our development team will work to implement the most suitable NFT standard. Community and collective decisions will be the next task and participation will allow users to vote on changes to governance protocol. # Governance Community ownership and direction is important to us however, how that ownership is delivered is equally important. Governance token holders will be able to affect decisions regarding further development of the ecosystem, which will lead to a higher engagement and legitimacy of the decision making resulting in a more collaborative governance process. Decisions will ultimately be community-led meaning investing will be decentralized and democratized. We are creating a Swarm decision process similar to bees and fish to help our community make better collective decisions. # How it Works * Our experienced team will identify the projects and opportunities in African cities with the greatest potential for long term growth. * We will partner with fully vetted and reputable small/large local real estate developers and infrastructure builders. * The chosen development project will be split into plots. * Each plot will be represented by a newly minted non-fungible token (NFT). * The community can purchase NFTs of a project they like. * Stage payments are made through the build or infrastructure period and holders can see real time added value with build updates on their marketplace dashboard. * The community decides if the highest sale price offer is accepted or the finished project is retained and leased with rental income paid to holders periodically. The development team will initially only decide whether to buy or sell something; renting will not be an option. However, as the community expands, they will eventually make all buy, sell and rental decisions collectively. # The Marketplace Process We believe that harnessing new technology, encouraging operational excellence and teamwork can lead to a world of purpose, opportunity and prosperity. 1. Sign up to the marketplace and connect your wallet or purchase with fiat. 2. Browse the real estate and infrastructure projects from selected cities including Cape Town, Lagos and Accra. 3. Buy NFTs representing plots in a project you like with native token DPAT, fiat or crypto of your choice. 4. Trade/sell your NFT on the Direct Property Africa marketplace for profit. 5. Hold your NFT and receive profits when underlying real estate or project is sold. 6. If leasing is available, the community can vote to keep the underlying real estate or project, realising a periodic share in rental income proportionate to their NFT. 7. Once the underlying asset is sold and profit realised, the project NFT is burned and holders receive profits from the sale in their chosen method to reinvest in other projects or withdraw. 8. A commemorative NFT in the form of unique artwork from African artists designed specifically for that project is minted and becomes a collectible NFT that can be held for long term investment and traded across multiple third-party NFT marketplaces. # Example {% hint style="info" %} \*NFT owners will make gains with real world price increases as value is added through infrastructure, development build and natural price rises. \*Owners will also receive regular rental income from real world tenants who tend to make payment upfront annually in most African cities. \*Owners are not locked in, giving you the ability to trade and sell your fraction on our marketplace or any other depending on your own portfolio goals and investment strategy. \*Gross Development Value is the forecast revenue or sale price that is anticipated from the completed development scheme before fees and taxes. {% endhint %}
The Breakdown Plot purchase price: $150,000 Development and added value costs: $100,000 NFT holders: 2500 @ $100 each Gross Development value: $325,000 **\*This is for illustration purposes only. Projects have a minimum raise target. Real world returns may vary based on market conditions and type of infrastructure development project.**
# The Secondary Market The value flows and revenue streams for the community are numerous and some have not even been invented yet! We believe the correct approach is for DPAT to act as a lead investor in the projects coming into the ecosystem, not just as proof of concept but to align our interests with the community and overall health of the ecosystem. We expect the industry to fundamentally change once the ability to transfer legal property on the blockchain is well established. Adoption will vary from country to country, however Africa is a perfect breeding ground to establish new tech, just look at the adoption of mobile phones and mobile payments. The community can buy/sell/trade native tokens, project NFTs, commemorative NFTs to name a few and not to mention the supporting protocols and industries that will emerge as DPAT develops the infrastructure with the help of partners and our DPAT community. # Token Details | TOKEN NAME | DPATOKEN | | ----------------------- | ---------------- | | TOKEN TICKER | DPAT | | SUPPLY | 1,000,000,000 | | CHAIN | ETHEREUM | | TOTAL AVAILABLE PRESALE | 350,000,000 DPAT | | DECIMALS | 18 | # Tokenomics {% hint style="info" %} The goal is to create a robust price floor for our native token so burn and vesting strategies will play a central role in achieving that goal. The Token Generation Event (TGE) will see a controlled number of coins unlocked to help establish a stable floor. Tax is redistributed to stabilise and grow the token price, while helping to keep the ecosystem robust. {% endhint %} {% tabs %} {% tab title="Distribution" %} **Total supply: 1 Billion** **Pre-sale phases: 35%** **Liquidity pool: 15%** **Development: 15%** **Marketing: 10%** **Partnerships: 15%** **Bridge reserve: 5%** **Foundation: 5%** {% endtab %} {% tab title="Buy Tax" %} **Total tax: 3%** **Marketing 1%** **Liquidity pool 1%** **Treasury 0.5%** **Burn 0.5%** {% endtab %} {% tab title="Sell Tax" %} **Total tax: 6%** **Marketing 2%** **Liquidity pool 2%** **Treasury 1%** **Burn 1%** {% endtab %} {% endtabs %} # Security The ecosystem will help the community incorporate all the necessary paperwork, reports, and disclosures for legal authorities to offer proof of ownership. Updates throughout the project will be available to the community and community members will be encouraged to contribute their knowledge to help the ecosystem flourish and grow. We expect new team members to come primarily from our community and will troubleshoot initially to our community before engaging third parties.
The mechanisms and tools to secure the integrity of the ecosystem: * Consistent Audits * Liquidity locks * Anti-whale mechanism * Automatic Liquidity * Buyback * Bug bounty programme * Deflationary mechanism * NFT standards
This is critical infrastructure and it must be managed and developed thoughtfully. The team are working hard to complete the legal and technical research necessary to deliver a project of this scale and have prepared the first assets ready for deployment. **We now ask the community for its support to scale and change the way we do things for everyone’s benefit.** # Roadmap Our journey to a new Ecosystem. Everything you need to know about our path to change an industry, while providing an alternative image of a whole continent.
Q2 2023 · **New Website Launch** · **Updated DPAT Platform Launch** · **Major marketing and PR Campaign**
Q3 2023 · **Announce Project Partnerships** · **Grow Technical & Advisory Team** · **DEX & CEX Listing**
Q4 2023 · **Beta NFT Marketplace** · **Launch NFT Marketplace** · **Community Rewards Programme**
Q1 2024 · **Chain Bridge & Interoperability** · **Launch of Mobile Applications (IOS and Android)** · **Swarm Governance & Voting System Launch**
Q2 2024 · **Strategic Metaverse Partnerships** · **DPAT Foundation** · **Lobby Adoption of Distributed Ledger Technology**
# Team The team behind DPAT is comprised of real estate specialists, entrepreneurs, marketing and development experts
Mustafa A Mustafa is passionate about Web3, real estate and branding. A London Metropolitan University alumnus with broad experience working in Ghana, Nigeria, South Africa and across Europe with major brands incl. Gillette, Roc Nation, Rolls Royce and elite athletes.
Asad Z He is a Software Engineer passionate about programming languages, machine learning, and Blockchain Technology. Has worked at many early stage projects and startups.
Timothy ‘Brymes’ O The newest member of the team and youngest too. He is an engineer passionate about Programming Languages including JavaScript, Golang, Python, Dart, Rust, Solidity. He has a great passion for blockchain, crypto and has worked on major projects across west Africa.
Santhosh P A serial entrepreneur receiving over 14 awards for successful projects. Bringing to the team a deep expertise in business management strengthened by intellectual curiosity, entrepreneurial experience grounded in real-world technical experience. Entrepreneur, Innovator, Growth Hacker, Gamer and Tony Stark Addict.
We are always on the look out for talented and driven individuals to join our team from anywhere in the world. Email [jobs@dpatoken.io ](mailto:jobs@dpatoken.io)for current vacancies # FAQs
What is Direct Property Africa Token and DPAT? Direct Property Africa is a Web3 real estate and infrastructure ecosystem including a crowdsourcing marketplace for local developers to raise funding for projects in major African cities like Cape Town, Lagos and Accra with fractional ownership using asset-backed equity NFTs, the same way you would buy stock and receive a share in a company or REIT. DPAT is the utility token of the Direct Property Africa ecosystem offering rewards and privileges to holders.
What Is Fractional ownership? Fractional ownership is when several unrelated parties own a percentage in a tangible asset like a yacht or real estate, thus mitigating the risk that comes with full ownership.
Why African cities? Double digit growth every year for the last decade.
Why not New York, London, Paris, Tokyo? The obvious answer to us is economies of scale and openness to change.
Where can I find a DPAT project? Abidjan, Abuja, Accra, Addis Ababa, Cairo, Cape Town, Dar Es Salaam, Durban, Gaborone, Johannesburg, Kigali, Lagos, Maputo, Marrakesh, Nairobi. We are initially focusing on 12 countries and 15 cities. As we develop legal precedent and local connections we will expand to suitable new locations and continue to add new cities and projects to the marketplace.
Has the smart contract been audited? Yes, our smart contract has been professionally audited and approved by [SolidProof](https://github.com/solidproof/projects/blob/main/DPA%20Token/SmartContract_Audit_Solidproof_DPA_Token.pdf).
Is the Team Doxed? The project is about the community and changing how an industry works and a continent is viewed. We want people to rally around the project and not individuals. However, we have completed our KYC process via [Coinsult ](https://coinsult.net/projects/dpat/)with the help of [Coinsniper](https://coinsniper.net/coin/43440). KYC information about development partners will be available to the community.
What type of projects will be available to fund? · Residential projects · Social & affordable housing projects · Commercial (Office & mixed use buildings) · Retail Buildings – (Malls & shops) · Student housing · Hospitality – (Hotels & Resorts) · Eco projects · Hospitals · Golf courses & estates · Industrial (Factories & Warehousing) · Schools · Corporate schemes · Infrastructure schemes (Roads, communications & Energy)
Which blockchain does DPAT support? We have an ambitious multi-chain strategy. We currently support Ethereum however we are working on a number of blockchain bridge initiatives to be released according to our roadmap.
What are the benefits of participating in the DPAT presale? Being a part of the presale gives you the chance to purchase the DPAT utility token before they are launched on exchanges at a discounted price. Early backers typically have the opportunity for substantial returns when the project is launched. Holders of DPAT will have access to rewards and privileges within the ecosystem including early access to Beta NFT marketplace.
What are the utility benefits and rewards? * Swarm Voting and Governance membership * Discounted transaction fees * Priority Access to new projects and opportunities * DPAT merchandise * DPAT Legacy program (have a project named after you) * Invitation to DPAT events (incl. annual retreats) * Investor Spotlight Feature (Be featured in our investor spotlight series on our website or newsletter) * Access to Direct Property Africa Masterclasses (on real estate investment, blockchain and more, led by industry experts) * Ecosystem participation rewards * Behind-the-Scenes project content (incl. interviews with developers, project progress videos, and more) * Access to in-depth premium content (incl. reports and advanced investment guides) * Competitions to win Safari trips and city breaks * Discounts on real estate purchases from partner developers
How are the funds raised during the DPAT presale used? The funds raised will be reinvested back into the project to implement a number of the core components of our ecosystem including growing our technical team, marketing, upgrading systems, legal team and developing partnerships.
What happens when a finished project is sold? Once a development project is sold out then capital gains will be allocated based on NFT ownership and profits transferred in the form of utility ready to reinvest or withdraw. A commemorative NFT in the form of unique artwork from African artists designed specifically for that project is minted and dropped to all participants.
How can DPAT operate in multiple African countries? The DPAT legal team will establish in each jurisdiction a Special-Purpose Vehicle (SPV), which will represent the ownership of applicable assets.
# The DPAT Vision The future of African real estate {% hint style="success" %} The potential for value creation is huge and we are building an ecosystem to improve ownership, investment and management protocols that will alter the landscape. {% endhint %} A change in how we build and finance core projects across Africa, from hospitals to hotels, residential property to commercial buildings is at the heart of what DPAToken wants to upgrade. We have noticed a shift in how real estate is bought and sold across the continent and want DPAT to be at the forefront of that change and adoption. Crypto, blockchain, digital wallets, smart contracts and tokenization is an inevitable industry evolution and we will offer those that embrace and see that change a chance to gain the skills to survive and flourish in the new world. We intend to disrupt the traditional real estate market across the continent starting with 15 cities in 12 countries by working with agents and developers to increase knowledge, simplicity and security through implementation and integration of Web3 technology into their current processes. Thus, changing the way Africans Buy/sell/rent real estate using cryptocurrency, NFT’s and blockchain. As Web3 technology improves we intend to be at the forefront of that change. We will offer Web3/Metaverse courses and accreditation for agents and developers to digitise their business and ultimately evolve their business models. We will work to empower real estate agents across the continent of Africa through technology. Helping businesses grow and generate more sales through faster, easier and more secure transactions. Breaking down barriers to entry and opening borders to a new way of ownership, accuracy, trust and authenticity. The future of digital African real estate is here. There are many advantages Web3 could bring to the African real estate industry ranging from showing the full history of asset ownership to mortgages and loans or a Metaverse Africa where you can buy digital land for your digital self to live. Our vision of the future of African real estate looks like a world where you could find a property, offer, complete your legal obligations with digital paperwork transfer and make seamless digital payment all taking place on your phone while you have a coffee. # Audit A new way to build prime African infrastructure {% hint style="info" %} The team have been doxxed and KYC'd by [Coinsult](https://coinsult.net/projects/dpat/) and the smart contract has been professionally audited and approved by [SolidProof ](https://github.com/solidproof/projects/blob/main/DPA%20Token/SmartContract_Audit_Solidproof_DPA_Token.pdf) {% endhint %} # Disclaimer {% hint style="warning" %} Cryptocurrency may be regulated or unregulated in your jurisdiction and their value could go down as well as up. Gains may be subject to taxes applicable in your jurisdiction. {% endhint %} This document is not intended to form the basis of any investment decision and should not be considered an offer, recommendation, or advice by DPAToken or any other person on behalf of the project. The contents of this whitepaper are for information purposes only. This whitepaper defines DPAToken’s plans to build a Web3 real estate NFT ecosystem that helps each member invest in African projects in a forward-thinking inclusive way. The whitepaper is intended to encourage discussion as a means of further understanding how developing technology can be used to open up new opportunities to a broader market. DPAToken and its associates shall have no liabilities for representations, both expressed or implied, nor as to the reasonableness of any assumption contained herein or therein and for all other written or oral communications transmitted to the reader. This material may also contain typographical errors and inaccuracies. DPAToken shall not be responsible for any of these errors or omissions and does not guarantee the accuracy and completeness of the information contained herein. Nothing contained herein is, or shall be relied upon as, a promise or representation, whether as to the past or the future. No party shall have any right of action against DPAToken or any other person (including, for the avoidance of doubt, their respective employees, directors, officers, contractors, advisors, members, affiliates, successors and agents) in relation to the accuracy or completeness of the information contained in this document or any other written or oral information made available to it in connection with the organization or its business. The organization reserves the right (but is not obligated) to alter the information contained in this paper or in any other document prepared in respect of any prospective transaction relating to this paper accordingly, without notice to any recipient of this paper. Forward looking statements, opinions and projections are based on historical and/or current information that relate to future operations, strategies, financial results or other developments and information is subject to known and unknown risks, uncertainties and other factors that may have an impact on actual results. There can be no assurance that this information will prove to be accurate as future events can differ from the anticipated ones, which will ultimately influence actual results. DPAToken retains all rights, including all copyright and other intellectual property rights, in all content and other materials contained in this whitepaper. You can use the content of this whitepaper solely for your personal use. You agree not to use the content of this whitepaper for any commercial or entrepreneur purpose by its copying or creation of any materials or content on the basis or in conjunction with content provided herein or in similar way. The recipient should, before making any decisions in relation to this Whitepaper, seek their own professional advice.