SAN DIEGO, April 7, 2022 /PRNewswire/ — DCAP ($DCAP-BNB) crypto attracts investors’ attention as they held their first “Ask Me Anything” on Tuesday, April 5and2022 making a major announcement that they are the first DAO real estate syndicate in the United States.
Decentralized Capital Allocation Protocol, “DCAP”, is a cash flow asset management company operating cryptocurrency on Binance Smart Chain. Designed to thrive and be backed by a growing portfolio of properties with stable cash flows, DCAP is a token that needs to be backed by tokenized real estate assets. To achieve this, they created the first legally recognized real estate syndicate DAO in the United States.
A DAO is a decentralized autonomous organization, which, broken down, is an organization that operates on a predefined set of rules written in a smart contract and deployed on 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 syndication into its own DAO and operates an ecosystem where accredited investors can seamlessly diversify their portfolio between their syndication properties, their equity token (like a REIT), their ecosystem token (redistribution and sharing income) and their currency (like bitcoins). Investors can be as liquid as a REIT, but enjoy the tax advantages of a syndicate with its depreciation passed on to investors’ properties. This type of environment aims to create greater cryptocurrency adoption with accredited investors and provides strong 1031 trading opportunities.
In partnership with the owner of Kahuna Investments and the author of the bestselling Real Estate Syndicate, Corey PetersonDCAP purchases 200-unit/632-bed student apartment complex from Slippery Rock University in Slippery Rock, Pennsylvania. The asset should yield $35,621,000 in rent for the first six years.
It’s worth pointing out that DCAP has just launched and the aforementioned property would be its first transaction. A transaction of this size would generate approximately $5 million in net cash for crypto in year 6+ $1 million in net cash flow in years 1 through 6.
As of this writing, DCAP has grown 298.8% since launching on March 18and2022.