# FAQs **What is BlockEstate?** BlockEstate is the first community owned on-chain real estate protocol. The protocol has legal representation in the Cayman Islands and is professionally operated as a real estate business model. **What is different about BlockEstate compared to other real estate protocols?** BlockEstate focuses on a specific niche in the real estate sector – tourism-centric real estate. Raising a community owned protocol to democratize parts of the real estate market. By distributing the initial token supply in a fair launch, the barriers of entry are as low as possible. Token holders will receive yield in USDC emissions on their staked $BEH **What makes BlockEstate safe and secure?** The smart contracts are battle-tested and the team behind BlockEstate is fully KYC’d and transparent. The project’s operations will be audited by one of the Big 4 accounting firms. The multi-sig and team wallets are public to further boost transparency. BlockEstate works with local authorities to abide by all laws and regulations in the jurisdictions it will operate. **Why is BlockEstate better than traditional fractional ownership of real estate?** Because your risk exposure and by extension your upside potential is diversified. You are participating in a protocol where you can enter and exit whenever you want, professionally managed. **Why did you choose Egypt and Spain as the first two countries to acquire real estate in?** Both countries are solid destinations for global tourism and are projected to increase in numbers. Furthermore, there is an appreciating real estate market in both countries. Lastly, we have in depth knowledge of those two markets and have built a significant network of contacts. **How does the profit sharing model work?** Monthly profits will be accumulated and paid out quarterly to $BEH stakers as USDC emissions. **What problem does BlockEstate solve?** BlockEstate lowers the entry barriers to a professionally managed real estate protocol that operates globally and draws on the expertise of seasoned real estate professionals. **What problem does BlockEstate solve for investors?** BlockEstate democratizes the real estate market by giving easy access to as many people as possible, no matter their wallet size or location. **What type of real estate is the fund buying?** The fund will buy tourism-centric real estate with the highest potential for rental **How does $BEH token yield differ from other DeFi yields?** , Most DeFi yields are sadly just token inflation. Incentives put in place to make people follow a designated behaviour pattern. Emissions for staked $BEH tokens are connected to real revenue made by the assets held by BlockEstate. **What is the approximate APR on the $BEH token?** Our financial models project a minimum APR of 15%, granted that we are able to acquire the first two assets on our roadmap. **How is the business structured?** BlockEstate will be registered as a LLC in the Cayman Island. $BEH tokens represent shares in the company which also extends into a DAO structure in the future. In the beginning, BlockEstate LLC will have a managing director responsible for the success of the project. **How is my LGE share calculated?** 50% of the total supply of $BEH are offered to the public in a fair manner. After the LGE ends, 50 million $BEH will be split between all investors according to the amount of $USDC they put into the BlockEste LGE. **Is BlockEstate audited?** BlockEstate LLC will have all their finances audited by PWC and adhere to local tax laws and regulations. All smart contracts will audited by third parties in the future but have been battle-tested before deployment **Does BlockEstate have a lite paper?** We have our lite paper on our website at [https://blockestate.financ](https://blockestate.finance/)[e/litepaper](https://blockestate.finance/litepaper) **When is the BlockEstate official launch** The official BlockEstate LGE will start in the month of April and last for 10 days. More details will be released at the appropriate time. **What chain will BlockEstate be on?** Arbitrum **Where can we buy our $BEH tokens?** During the LGE, you can buy $BEH at \[COOMING SOON] **What is the initial token distribution?** 50% of total supply will be offered to the public. 20% of total supply will be paired with USDC and put into liquidity, locked in perpetuity. 15% of total supply will be vested to team after a cliff of 6 months over 12 months linear vesting. 5% of total supply will be set aside for community airdrops. The remaining 10% are held in the BlockEstate multi-sig wallet for future development purposes. **How to ensure the team doesn’t rug?** The team behind BlockEstate is fully KYC’d and transparent. However, we encourage everyone to do their own research before investing in any protocol. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://blockestate.gitbook.io/docs/blockestate/faqs.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. 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