METAIN: Asset backed NFTs/New trend

[GENERAL] Summarize your solution to the problem.

1. The real-world asset-backed NFTs with compelling interest of 15%-25% APY
2. Follow REIT regulations, NFT is SECURITY TOKEN. DAO vote for property screening delegation before buy/sell, for rent or listing

[GENERAL] Summarize your relevant experience.

I finished my bachelor's degree in the stream of Computing Security Major in the year of 2008 from VSB in Czech Republic and a serial entrepreneur with 3 successful startups prior to METAIN in booking online platform, entertainment and online game outsourcing company. Linkedin

[IMPACT] Please describe your proposed solution.

The differentiates METAIN from other Web3 companies and projects is chain has real-world use cases, has value and utility, and is asset-backed. We need to bring real-world properties' profits to the crypto world to make investments affordable, transparent, and safe.

Our Solution:

1. Acquire asset to tokenize in the first Opportunity Trust for the first REIT NFT sale, evaluated about $8M USD and the 2nd is $18M USD.
2. Create REIT NFT on Cardano.
3. The 15% - 25% APY is estimated based on the historical value of the asset. Market performance is also a key factor. The two main components that affect APY include rent yield and the asset’s market value appreciation (evaluated annually by CBRE an International third party). Investors will receive rental yield in cash quarterly from operation and NFT price appreciation from asset revaluation annually.
4. Cooperate and sign contract with UOB, Deloitte, EY, KPMG, Morgan & Lewis, Savills, and CBRE.
5. Include IOG and Cardano Foundation teams to support with technical solutions and roadmap and co design the platform.
6. Create Metain dApp on website to sell first REIT NFT.

Why are REITs a good investment?

https://www.forbes.com/sites/bradthomas/2021/08/24/are-reits-safe-todays-inflation-reminds-investors-of-the-1970s/?sh=423121463149

What is a Security Token Offering?

Emurgo: Security Token Offerings: An Explanation by Cardano Partner, EMURGO & How EMURGO Is Planning For STOs

[IMPACT] Please describe how your proposed solution will address the Challenge that you have submitted it in.

For Metain to succeed, we will need following expert groups. All of these positions have been filled and we are working hard toward the goal.

1. REIT expert: acquire assets, follow REIT regulations, props management
2. Technical Team: The production team of 8 programmers is working hard to create the platform for the first REIT NFT sale.
3. Crypto Strategist: Tokenomics, MetaFi, ISPO.
4. Marketing Expert: Build community, KOL, Educate users, Market expansion.
5. Financial Expert: Prospectus Memorandum, REIT Finance, Quarter Finance Report, Tax Opinion, Budget Allocation.

[IMPACT] What are the main risks that could prevent you from delivering the project successfully and please explain how you will mitigate each risk?

1. Lack of REIT knowledge in the crypto community, but we can always help new users understand it easily
2. Acquiring properties and fund establishment must be fast to dominate the market before other competitive model
3. Because there was no preceding REIT regulated projects on blockchain, all pioneering challenges apply to us. However, down-trend market is our friend because we will be giving the highest APY.
4. Community trust needs time and we are confident in our transparency our properties are tangible, not a vanity.

[FEASIBILITY] Please provide a detailed plan, including timeline and key milestones for delivering your proposal.

Milestone 1: Kick-start REIT NFT Development (July 12th 2022)

At this point we will have a programmer ready for Plutus platform that will be in charge of developing the REIT NFT on Cardano. Integration for browser-based Wallet will also start here.

Milestone 2: Build community Cardano (Sep 01st 2022)

Community channels for Cardano will be open for public at this milestone.

Milestone 3: Pre-order REIT NFT (November 10th 2022)

Cardano community will be able to pre-order the REIT NFT on web dApp. By pre-ordering using ADA, there will be a 5% cashback after buying.

Milestone 4: Public REIT NFT sale on Cardano (November 25th 2022)

Buying REIT NFT using browser-based Wallet will be open.

[FEASIBILITY] Please provide a detailed budget breakdown.

• $0 – Founding members’ working hours, 10,000 hours. All 5 founding members have been working for Metain full-time since the beginning of December 2021.
• Hire a Haskell programmer to work with Plutus platform for 6 months ($30,000). Salary of an experienced Haskell programmer is about $5000 monthly and we will sign a 6-month working contract at first. Of course, the programmer will continue with us later but by then we will have the fund to pay the salary.
• Train in-house programmers with Haskell programming for future maintenance ($10,000). A full Haskell programming course for a programmer costs $5000 for 28 hours on-site training, and we will have 2 of our best to learn.
• Audit by CertiK (about $8000). This covers only Smart Contract security audit.
• Reward for Bug Bounty Hunter program (Total up to $10,000). We will award $5000 in ADA for a critical bug found.
• Individual investors using ADA coin to pre-order REIT NFT will get 5% cash-back reward. (Limit up to $35,000 and max $150/ADA payment address). This program serves as incentive to the use of ADA and will bring even more crypto investors to Cardano platform.
• Project's community building for Cardano in 6 months ($7000). This covers the salary of a community manager and moderators, and other costs such as advertising, seeding, Social Network fees, etc.

[FEASIBILITY] Please provide details of the people who will work on the project.

Our experienced team of experts so far includes:

1. Denise Thi is a co-founder of METAIN cum CMO with speciality in marketing and media aspects. Before co-founding METAIN, Denise was chairwoman of Isobar, previously known as Emerald Consulting Company, focusing on media and digital marketing for big conglomerates in Vietnam. Denise was awarded Forbes 30 Under 30 and the first Vietnamese woman to be awarded by CampaignAsia in the list of 40 Women to Watch in APAC. Denise Thi's Linkedin
2. Chung Nguyen is a co-founder of METAIN cum CTO. Before joining METAIN, he has been a regional CTO of a Gameloft (top 20 studios in the world) with developer team based in Vietnam. Chung also accompanied and joined other sophisticated projects in the pasts regarding to blockchain, GameFi and blockchain technologies. Chung Nguyen's Linkedin
3. Minh Vo is a co-founder of Metain cum Chief MetaFi Architect. Minh Vo shares his view in concept of MetaFi bringing cryptocurrency and technology to make a better world for everyone. He has solid background in technology, blockchain, investment professional with experience in leading venture capital and private equity investment on behalf of institutions and HNW Family Offices. Graduated in University of Economics Ho Chi Minh City and National University of Singapore, and work with wide network of investors in Hongkong, Singapore, Dubai, Luxembourg, South Korea and South America. Minh Vo's Linkedin
4. Hong Luu is CFO and co-founder of METAIN. Hong has worked in investment banking and M&A fields for more than 10 years with focus on fin-tech, healthcare and pharmaceutical deals. Before joining METAIN, Hong has her own team in boutique M&A advisory while acquiring her experience from previous companies such as KPMG, CJ Vietnam, AWR Lloyd and BIDV Securities. Hong Luu's Linkedin
5. Khanh Nguyen is CIO. Khanh has 15 years of experience in financial and real estate investment industry, covering valuation, asset management, investment and business development. He had worked at Mapletree (top 3 REIT Company in SEA - Market cap: $4.42 Billion) as Associate Director, in charge of Business Development, Investment and Asset Management, managing a real estate portfolio US$200mil. Khanh Nguyen's Linkedin
6. Charz Kelso takes the role of the Head of Outreach. He built an extensive network through 18 years of experience across a few industries. His most notable as business advisor and right hand to The Kho Group’s Chairman where he oversaw a multitude of businesses for 7 years. Charz is also an ongoing advisor and investor in Dust of Gods a sustainable clothing line and formed and managed partnerships between Richard Mille, Chow Tai Fook, Master Ren Zhe/Adidas. He represented all TKG customer facing businesses interests and gained hands-on know-how of startups, partnerships, and media. Charz Kelso's Linkedin

Our advisor

1. Eddy Abramo has a solid background in Private Banking and Investment Management. After having joined Societe Generale Group in Monaco, Eddy was dedicated in 1997 as a discretionary portfolio manager for Societe Generale Private Banking in Paris. In 2006, he returned to Societe Generale Private Banking as Global Head of the Hedge Fund Advisors centre of expertise, based between Paris and New-York. This center of expertise was dedicated to the selection of single Hedge Funds Managers and Fund of Hedge funds for Societe Generale Private Banking Group. He was also involved in Alternative Investments as Real Estate and Private Equity. He was appointed as Chief Executive Officer for Societe Generale Private Banking the Middle East and Africa in 2009. Eddy has joined Bank International in Luxembourg in 2014 as Regional Chief Executive Officer for Middle East and Africa and Global Market Manager for the Arab Line, responsible for creating the Dubai based branch and for pursuing the growth strategy of the private bank in the region. https://www.linkedin.com/in/eddy-abramo-821694a/
2. Duc Tran is a Hanoi based Partner at IDG Capital. Prior to joining IDG Capital in 2006, he had worked 18 years up to the Partner level at Deloitte Vietnam, where he oversaw varieties of the Assurance services, Corporate Finance Advisories as well as Tax Advisories and Management Solutions. Duc completed the Harvard Business School's Program for Leadership Development in 2012. He earned the B.A. Business Degree from the National Economics University, the B.A. Law Degree from University of Social Science and Humanities, both in Vietnam. From 1996 to 2001, he went to USA for working and studying and earned the MBA Finance Degree from the University of Texas at Arlington. He attained CPA certifications in both Vietnam and the United States, California jurisdiction. Among many affiliations, Duc Tran has served as member of the Vietnam Associations for Financial Investment, Young Businesses Associations, Chief Accountants Association, Entrepreneurship Businesses Association, and Vietnam Securities Associations, etc.,  https://www.linkedin.com/in/duc-v-tran-11b1351a/
3. Minh Thach is the General Manager of AIG Vietnam, a subsidiary of AIG and the #1 live streaming and online entertainment company in Vietnam. He is also the chairman of Big Cat Entertainment - the largest online video network in Southeast Asia, with over 3 million subscribers and 1 billion+ views. Minh Thach started his career at Yahoo in the Sunnyvale and subsequently Singapore. He has spent the last 10 years in leading roles at various Internet companies in Asia. Before AIG,Minh Thach was leading the mobile team for Lazada. He also spent 4 years in Singapore in managing capacity at Yahoo! SEA and Linkedin. Minh Thach has been studying blockchain technology and co-investing in blockchain companies over the past 3 years alongside his brother, Charles Thach. Minh Thach graduated from California Polytechnic State University with a Bachelors degree in Electrical Engineering. https://www.linkedin.com/in/minhthach/
4. Hung Dinh had 15 years of experience in IT product development & investment. His biggest passion and his main focus has grown into entrepreneurship, angel investing, and tech startups in various sectors. His main focus in 2020-2025 is blockchain investment. He is the co-admin of Vietnam Startup Community and have been contributing to transform Vietnam into a startup nation. I am well-connected, open-minded, and also a good source of information if you want to know about Vietnam Innovation & Startup. His first job was the project coordinator at PV Drilling, supervising a $130M jackup rig project at Kepple Fels Singapore. Upon the completion of this project, PV Drilling became the most profitable oil & gas company in the stock market. https://www.linkedin.com/in/hungrada/

We have total 15 advisors. Save the best for last.

[FEASIBILITY] If you are funded, will you return to Catalyst in a later round for further funding? Please explain why / why not.

Most of our operation costs are covered by investment from ventures and backers.

Investment from IDG Capital was announced on several news sites Tech Times: https://www.techtimes.com/articles/272776/20220309/idg-capital-vietnam-confirms-investment-in-metain-to-lead-nft-empowered-real-estate-trend-in-vietnam.htm

However, about Cardano-specific development we hope for future fundings as a boost for community development and to maintain our Cardano team. It means we commit ourselves a life-long development cycle with Cardano.

Some ideas for future development:

+ Cardano wallet app and browser plugin with embedded Metain utilities.

+ Optimize Metain's Cardano smart-contracts.

+ Metain REIT ecosystem on Cardano.

We also have a plan for crow-funding with an ISPO to offer more rewarding opportunities to Cardano communities when the market gets stronger in a near future.

[FEASIBILITY] Are you or any member of your team working on any other proposals in this Fund9?

[FEASIBILITY] Are you or your team working on any other proposals from previous Funds?

[AUDITABILITY] Please describe what you will measure to track your project's progress, and how will you measure these?

Key solutions to a successful REIT NFT:

1. REIT regulations protect investor interests because the properties are custodian and bank trustee by Global Bank. The bank does not own the asset at any point or time. It is merely part of a immutable chain of registers linking the holder to the security. The NFT unit-holders are the sole owners of the assets.
2. Big4 Audits finance and tax for transparency
3. Real Estate evaluation is done by 3rd party for fairness
4. REIT NFT license agreement.
5. DAO vote for property screening delegations before listing the REIT NFT on marketplace
6. DAO vote for the sale of properties under surveillance of audit companies and Bank Trustee

Our partners are all globally reputable companies in order to protect investors' interest.

Based on that, we will deliver a fully regulated platform for Cardano community that provides a new way to invest into Real Estate in South East Asia. The result of this are deliverables as follow:

1. Metain dApp on the web at https://metain.io
2. REIT NFT on Cardano.
3. Signed contract with Deloitte (finance and tax audit).
4. Signed contract with CBRE (properties evaluation).
5. Announcement of the custody and the insurance of properties deeds by Bank Trustee.
6. Accomplish of NFT license agreement (August)
7. Start the First Opportunity Trust sale (as REIT NFT)

[AUDITABILITY] What does success for this project look like?

Be the most reliable, assessable investment, REIT NFT exchange and ecosystem in South East Asia with more than $1,3B of company assets including Real Estate properties portfolio evaluated in stable-coins within 5 years.

[AUDITABILITY] Please provide information on whether this proposal is a continuation of a previously funded project in Catalyst or an entirely new one.

No this is an entirely new one.

Sustainable Development Goals (SDG) Rating

SDG goals:

Goal 10. Reduce inequality within and among countries

SDG subgoals:

10.1 By 2030, progressively achieve and sustain income growth of the bottom 40 per cent of the population at a rate higher than the national average

Key Performance Indicator (KPI):

10.1.1 Growth rates of household expenditure or income per capita among the bottom 40 per cent of the population and the total population

#proposertoolsdg