The best way to approach the legal parts is to have a list of Q&As to answer all the possible questions we have:

  1. How can I buy it? Same as other digital assets you buy. It is over the Ethereum blockchain. We provide tutorials for all the processes. And an easy-to-use UI.
  2. Do I need to pay tax when I sell? This is a question for your accountant. Do you need to pay tax when you sell an NFT? If the answer is yes, then you need to pay tax.
  3. Do I need to pay tax on my rental income? This is a question for your accountant. Generally, countries enforce income tax. Your rental income is deposited to your USDT account monthly, so whether you have to withdraw and pay tax or re-invest it in whatever you want is your decision, and you need to get a consultant.
  4. Can I sell my portions? You can sell the portions you own whenever and to whoever you want at whatever price. It is a smart contract with no freezing period.
  5. Can I buy a $500 NFT and sell it for $5,000 in 30 days? Not really, unless the unit you have bought all of a sudden is worth 10x more. Which is very unlikely in the property market. Property is a safe long-term investment.
  6. How is a property digitalised? It is impossible to digitalize a physical item. The best we can do is have a representation of the digital asset, and we all agree this is the only version because someone (an entity) has verified it.
  7. Why should we trust a company? You already have trusted many companies like banks, stock exchanges, email providers, and property registrars with your money, assets, and private data. While they all have a less secure system without transparency, we are giving you both.
  8. Has anyone done it in the blockchain world? Yes, it is similar to how USDT works. For you to exchange USD with USDT, there is a company called iFinex Inc. They mint 1 USDT for every $1 they add to their reserves. Once you want to cash out $1, they burn 1 USDT and give you $1 from their reserve.
  9. What if you steal my $20,000? Unlike many scam projects, our team has a success record and multiple businesses and LinkedIn profiles that can be tracked by Interpol. We share everything publicly with our investor community which is our friends and their friends. Also, our mission is to become the biggest property marketplace worldwide to change property law and ownership for future generations.
  10. How can I invest? This is limited to friends and their friends. You can submit your application here.
  11. How many portions each property has? Currently, we break a property into $500 portions. You can buy one or multiple portions in one or multiple properties.
  12. Is Portionship Pty Ltd registered? Yes, in both Australia and Georgia. Turkey is next. These countries are suggested by our community members.
  13. Transaction costs? We are using blockchain technology to save on international transaction fees. We use Polygon, the L2 solution on Ethereum, to handle international transactions for less than a dollar, depending on the network traffic.