The cryptocurrency industry is one and a half decades old today, but it still grows daily. Many crypto tokens emerged in the space, but only a few made it to the ground, solidifying the credibility and value of the burgeoning asset class. Listing on crypto exchanges plays a significant role in giving the much-needed thrust to the crypto asset required to make it big in the market, and one similar listing is on the way.
LAND is the native token of Landshare, a leading tokenized real estate platform based on Binance Smart Chain (BSC), and now the token is about to get listed on one more centralized exchange, BingX. Given the RWA is a trending narrative in the crypto space, LAND has managed to capitalize on the sector’s growth. In the past month, the Landshare native token surged from $2.5 in May to $4 in June, rallying about 60% in less than a month.
The Real World Assets (RWA) narrative took the crypto market by storm in the past few months. Let alone the retail investors, it is captivating the attention of even the institutions that include giants in the traditional financial sector, such as BlackRock. The most prominent asset management firm launched a tokenized offering, BUIDL, with initial funds of $47M, pushing the prices of RWA tokens higher. In the few weeks after the launch, the tokenized fund hit a valuation of $375 million.
Institutions entering the RWA space prove the sector's authenticity, while the native tokens capitalize on the opportunity. The LAND token remained among the top gainers during the RWA tokens pump and recorded a massive 500% growth within a few days.
Landshare leverages blockchain technology for tokenizing real estate properties, eliminating the inherent drawbacks of real estate investments while offering notable features. With its unique approach to simplifying real estate investment and transactions, Landshare offers features of fractional ownership, increased liquidity, and a low threshold to get in the space with $50.
Landshare is the first tokenized real estate platform on Binance Smart Chain (BSC) and has sold four tokenized properties to date. LAND token has benefitted from these achievements, which attract investors' attention. This year, the LAND token was listed on two CEXs, MEXC and Bitmart. Now, the token is being listed on one more exchange, BingX. This would complete three exchange listings within the first half of 2024. In the wake of new listing rules of Binance, it is expected that LAND could see listing on the biggest crypto exchange.
The exchange listings benefit from a crypto token, solidifying its reliability and potential and further expanding its trust and possibility of success. Exchange listings increase the reach to more investors and users, eventually bringing in liquidity and the market cap. LAND today stands at a market capitalization of $12 Million. Given its real-life utilities and value propositions, the token is undervalued compared to the RWA space counterparts.
The Bingx listing has a positive effect on the LAND token price, which surged up to 4% in a day. Currently, the token is trading at $3.1, sustaining a 13% increase in a month despite a 6% drop in the weekly time frame. The token has seen significant growth, maintaining an over 350% increase in the past year.
The global market for tokenization is projected to hit $10 trillion by 2030. This suggests enough room for numerous projects to seize the opportunity for humongous growth. Such growth potential attracts a considerable number of RWA projects, and some existing projects and their native tokens exemplify it.
Ondo (ONDO), Pendle (PENDLE), Centrifuge (CFG), and Realio (RIO) are some of the active and leading projects within the RWA space. Though all these projects have their share of offerings, Landshare's tokenized real estate ecosystem offering is one of a kind, and as we discussed earlier, its relatively lower market cap makes it undervalued.
Landshare's unique value proposition and contributions to the sector cannot be understated. The listings on exchanges and unique offerings positions LAND among the leading tokens where it sees a huge growth potential in the coming months.
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