Home Coins RealT RealT Evolution. We are facing great growth in the last… | by...

RealT Evolution. We are facing great growth in the last… | by Yohann LIBOT | RealTPlatform | Sep, 2020


Yohann LIBOT

We are facing great growth in the last few months, and more particularly this summer, which is, of course, excellent news for us, and which is essentially due to your support, but which is also associated to various changes in the team.

At RealT, and in order for us to continue to grow efficiently, we are constantly working on technical and procedural improvements. These developments aim to facilitate, automate, and consolidate daily tasks in order to make our work more efficient and give us the ability to keep up with RealT’s exponential growth.

Since the beginning of the summer and until now, rents have been paid weekly (every Wednesday night, New York timezone), these payments have being made only and exclusively manually by a team member. We realized, that with the speed of recent sales and the constant growth of our investors, we need to automate certain tasks in order to maximize time and also avoid potential human errors, the human being is more fallible than a programmed software, especially in repetitive tasks. An almost fully automated system was created and it will make the exact calculations of each individual and the detailed share of each received income by each owner.

Rents in details

Each week we distribute approximately 5,500 USD in rents to our investors, currently, rents are 25,000 entries to process, from 21 properties, at 1,200 ETH addresses over 7 days. Knowing that rents are accounted for the day following the purchase, one of the automations is to launch each day, with the new software, the instant distribution of the amounts of each address with the tokens of each property, this process is initiated at random and in several times, 24 hours a day, to avoid potential abuse.

You will find HERE a PDF that lists all rent payments made with the data of each property in order to make it transparent and verifiable.

More precisely, we recover by Etherscan all the addresses of the owners per properties, to create a line with ETH address with the count of the tokens of each property, adding the amount of each day between 2 payments (here 7 days), then an automated sheet Excel calculates the amount of payments to be made at each ETH address per property and, finally, the sum of all payments in one with an accuracy of 6 decimal places makes the single payment for each holder over all their investments in RealT.

The distribution is then realized, as in the past, with the Disperse Dapp, which will send payments by batch, so it sends hundreds of transactions in one and only, which allows reducing at least 5 times the GAS cost.

Rental Calculation

Currently, for obvious reasons of simplification, we have taken advantage of a simple calculation, only in a long timeline.

As you know, we are working on version 2 for the distribution of rents, which is slightly delayed, mainly because of the consideration related to the price of GAS and the integration with Aave.



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