DCAP crypto announced that it is the first real estate syndicate decentralized autonomous organization (DAO) in the U.S.
Decentralized Capital Allocation Protocol (DCAP) is a cash-flow asset management corporation operating a cryptocurrency on Binance Smart Chain. Designed to thrive and be supported by a growing portfolio of properties with stable cash flow, DCAP is a token to be backed by tokenized real estate assets. To achieve this, it established the first legally recognized real estate syndicate DAO in the U.S.
A DAO is an organization that operates on a predefined set of rules written into a smart contract, and deployed onto a blockchain. Wyoming is the first and only state to recognize DAOs as a legal business structure and is a subset of an LLC.
The company structures each syndicate into its own DAO and operates an ecosystem where accredited investors can seamlessly diversify their portfolios across their syndication properties, their equity token (like a REIT), their ecosystem token (redistribution and revenue share) and their currency (like bitcoin). Investors can be as liquid as a REIT but receive the tax benefits of a syndicate with its depreciation pass-through on investor properties. This type of environment aims to create greater adoption into cryptocurrency with accredited investors and offers robust 1031 exchange opportunities.
Partnering with Kahuna Investments Owner and best-selling real estate syndicate author Corey Peterson, DCAP is purchasing a 200 unit / 632 bed student apartment complex at Slippery Rock University in Slippery Rock, Pennsylvania. The asset is projected to yield $35.621 million in rent within the first six years.
