1 of 15

e-state

building our future cities, together

2 of 15

the team

the org

future modern 40+ member-strong cross-sector co-op network for shaping innovation to empower human potential from our creators, communities and cities up.

the founders

chibu ichiban, product chief caltech econ/cs; ex vid, bird, idealab, gliph, verifi

Trevor Mayne, tech chief uchicago econ/math; astrean, publicdatablock

Isa Ima, community chief brown university; ex blackrock, red table talk

Manny Perez, industrial chief ucla, usc; decLa founder; engineer @ los angeles dept. water & power

David Carlson, web development lead uc santa barbara; Senior Engineer @ ontraport

Eileen Li, design lead uc berkeley; designer / engineer @ monograph

3 of 15

the pain, by the numbers

73

age at which the average 30-year-old will save enough to afford the down payment on their own home

554,000

number of homeless in the U.S. alone, with number rising for first time since 2010

32

percent of americans with outstanding housing payments in august 2020, up 33% from april

gentrification pushes populations out of jobs and places they’ve had for generations; those who stay face soaring cost of living and working for businesses whose products they can’t afford

problem will only worsen as people pour into cities; Urban development stagnated by policy and politically clouted landlords, infrastructure dilapidated

tenants need solid records to protect themselves from hostile landlords, as well as privacy-respecting tracing and tracking tech to guard against covid outbreaks in their neighborhoods

3

4 of 15

The Medicine

phase i: fully informed home renting and buying the ultimate know before you buy app for housing, powered by and profiting the people.	phase ii: new pathways to home equity ownership enable communities to grow with their neighborhoods, rather than get priced out of them.
phase iii: guaranteed housing sponsorships housing stipend and rent-to-own structures for our most housing insecure members, facilitated with cryptocurrency	phase iv: community-driven real estate development + governance shared economy for rental applications, roommate finding, notaries, signing agents, conversions, renovations, escrow, public projects, and more

phase i: fair, transparent home shopping through an in-depth crowdsourced record of landlords and building management. Members earn rewards for providing valuable information, while non-members pay to request yet unprovided information.

phase ii: With tokenized property, community members can collectively invest in their own neighborhoods at no minimum cost. Empower communities to capture the value of urban renewal, rather than get priced out of it.

phase iii: sponsor our most housing insecure members with a token-based stipend pegged to the price of rent. sponsored members then turn this rent over to community investors in exchange for equity in a rent-to-own model

phase iv: rental applications, roommate finding, notaries, signing agents, conversions, renovations, escrow, community projects and more; full service programmable contracting market for real estate

5 of 15

The Benefit

true real estate ownership crowdfunded real estate investment	smart real estate development empowered tenancy

true property ownership

frictionless real estate transactions and financialization, eg micro equity sale

savings on realtor, brokerage fees?

clear up title issues and completely cut costs of title insurance (~$1000 per residential asset)
record of tenant history and reputation

crowdfunded real estate investment

invest in the growth of your own community with whatever amount you can afford
reap the gains of urban renewal rather than get displaced by it
fundraising mechanisms for community improvement projects

smart real estate development

project derisking: go in with known buyers and product
labor rulership for trade and craftspeople, eg smart-contract Guaranteed benefits via decentralized autonomous unions
automated royalties for designs and schematics
feeless open marketplace for services, intellectual property

empowered tenancy

fair rent prices by collapsing information asymmetry between landlords and renters. Know everything about the owners, building, tenant experience over time
guaranteed housing for select long-term community residents
mechanisms for democratic property use, eg selecting new tenants

Brainstorm

Intellectual Goods > IP

6 of 15

The Market Size

property & owners $458B U.S. home sale market

community investors mass inclusion in $3.1T U.S. real estate investment market

tenants, tenant organizations, housing rights attorneys, policymakers; U.S. paid $519B in rent in 2019, mostly due to lack of affordable housing

information professionals geographical information system specialists, land surveyors, (drone) photographers, informaticists, journalists, historians, archivists, documentarians; estimated $125B North American geospatial information market in 2020

real estate transaction services notarization, signature witness, escrow, etc; $15B title and escrow services market alone

real estate development services land purchasing and development, urban planning & design, landscape architecture, building architecture, architectural engineering, civil engineering, structural engineering, construction engineering and management, renovation, maintenance; $1.8T U.S. construction market, including $539.8B in residential home construction and $450B home improvement market

total addressable market: $5.21T - $6.02T

1% market share = $52.1B market cap

7 of 15

The Market Fit

macro conditions

rent too damn high �
american dream eroding �
opportunity in a crisis �

Low-footprint living �

a social moment

go-to-market strategy

cross-functional lead generation�

Astrean�
Decla�

viral strategic partnerships �
activist, litigious field operations

macro socioeconomic conditions

rent too damn high america suffers from severe affordable housing shortage; nearly half of renters pay 30%+ of their income in rent
american dream eroding 18% of six-figure earners rented in 2016, up from 12% in 2006; down payment on a home out of reach even at high incomes
opportunity in a crisis most housing insecure groups, who therefore stand to benefit the most from e-state, also incidentally have outsized social capital and tendency to start trends and generate cultural buzz: youth, women, lgbt, black & indigenous, migrants

Low-footprint living Housing insecurity has driven an explosion in alternative housing experiments among young people, re: housing co-ops, yurts used in intentional communities and transformational festivals

a social moment housing protests and rent strikes have exploded around the country in the wake of the covid-19 pandemic, with the public growing more wary of the power imbalance between landlords and tenants

internal synergies

cross-functional lead generation multiple co-operators already have companies in operation which will directly interoperate with and provide services through the e-state network

Astrean, smart contract Uber for real estate transaction notaries and signing agents, founded by our blockchain chief Trevor Mayne
decla, full service, end-to-end real estate development corporation founded by our Industrial Lead Manny Perez

viral strategic partnerships Confidence in the network baked in from the start by seeding it with trusted, established, mission-driven organizations with a local pulse and global reach

invite beneficiaries of locally supported advocacy organizations as seed members of e-state network, getting them tokens at the ground floor, and a vested interest in the destiny of the network; ex The Alba Group, LA Tenants Union, Ground Game LA, Street Watch LA, etc
next-level amenities, like creative workspaces and community gardens, made available to network members through eg indigenous youth council, our friends with the world’s largest community garden network, and 23b, our connect at Orange County’s foremost hackerspace

activist, litigious field operations fund activism to go after particularly hostile landlords, tie up their capital, and ultimately acquire the building for the community at the lowest possible cost

8 of 15

The Mock

https://www.figma.com/proto/9KmKFz4pF8PzgVZwtqSDX5/e-state-WIP?node-id=11%3A3&scaling=min-zoom

9 of 15

The Tech

multi-token system

the KNOW Token - fungible Token backed by information Anyone can earn this ERC-223 token for contributing truthful information about their local local area. Building schematics and codes, land surveys, tenant complaints, photographs, even AI walkthroughs, stored publicly, permanently and searchably via intuitive UI

the OWN Token - non-fungible Token backed by Real Property In exchange for proving ownership of their property on our network, owners earn ERC-721 non-fungible tokens they can trade instantly and incorruptibly on a global market

the LIVE Token - fungible token backed by communities circles-based universal basic income token paid to tenants of e-state network homes based on their tenure and reputation in the neighborhood. e-state unit rent price is fixed at a certain number of tokens, based on the efficiency of the space’s use. Therefore, the rental value of our properties on the market determines the price of this token

the DO Token - fungible token backed by goods + services Token issued to raise funding for real estate development projects, and for purchasing real estate development and transaction services. To contract on the marketplace, principals agree to offer services for 1 token per person-hour contracted. This ties the value of the token directly to the productivity of the marketplace as a whole

all tokens exchangeable with each other and any other currency feelessly and instantly through atomic swapping; enjoyers can deal in their familiar currency and not even know the tokens exist

10 of 15

The Risk

FORESEEN HAZARDS

title disputes when multiple distinct entities claim the same property
defamation false reports that reflect negative on associated properties, landlords, tenants, localities, etc
spam irrelevant, redundant, nonsensical / gibberish, and otherwise low- and no-value posts
scams Sybil attacks (multiple or fake accounts), imposter / impersonator accounts

DOWNSIDES

financial fraud diverting payments and property rights from their rightful recipients
token inflation from generating tokens with no accompanying use value
record corruption / bloat taking up memory and screen space with inaccurate, irrelevant, or redundant information

11 of 15

The Risk

FORESEEN HAZARDS

title disputes when multiple distinct entities claim the same property
defamation false reports that reflect negative on associated properties, landlords, tenants, localities, etc
spam irrelevant, redundant, nonsensical / gibberish, and otherwise low- and no-value posts
scams Sybil attacks (multiple or fake accounts), imposter / impersonator accounts

DOWNSIDES

financial fraud diverting payments and property rights from their rightful recipients
token inflation from generating tokens with no accompanying use value
record corruption / bloat taking up memory and screen space with inaccurate, irrelevant, or redundant information

12 of 15

The Risk Mitigation

the network’s multi-layer security protocol has risk mitigation built in, in many ways constituting the essence of the product itself.

network seeds Seed network with individuals and organizations visible, well-respected and highly active in their local communities. Establishes the greater public’s trust and confidence from jump and ensures trustworthy members as initial adopters

web of trust New members join the network only through an invite from current members. Invites don’t come easily, and the fate of one’s e-state identity depends on the behavior of their invitees

honesty-incentivizing protocol Posting requires risking a token. If and only if one other neighbor endorse the post within 10 minutes by risking a token as well, the network permanently writes the post and returns the risked token with interest.

Challenges If one or more members risk tokens in challenge that gets no endorsements, the network fails to confirms the post and distributes all risked tokens plus interest to the challengers. This incentivizes watchdogs and whistleblowers to track down and flag errant posts.

escalation policy standard operating procedure for preserving honesty, while maintaining decentralization, should misinformation somehow make its way on-ledger

Arbitration posts with at least one (1) endorsement and one (1) challenge each go to arbitration through peer-to-peer arbitration market
Soft fork the majority of network members vote to preserve or reverse old disputed records
Rewind / replay / playback
Hard fork minority dissenters split record chain, leaving old disputed records behind

13 of 15

The Affiliates, Partners, & Advisors

Consensys Grants

Kasita

Mahbod Moghadam, CEO @ Everipedia, ex Genius

Mark Alba, Jessica Alba & The Honest Company

Obi Amobi, Project Developer @ Mercy Housing

o kturtles

You?

14 of 15

The Ask

$500,000 for 5% preferred non-voting stake in e-state

engineering and product development
field operations
strategic partnerships Local Governments, Unions, Development Projects, Neighborhoods, Communities, NGO / human rights groups, Token Holders
propaganda, community building and market making Telegram, Twitter, discord, referral campaigns, events eg festival appearances, direct actions

Panels, Live tech demos, TED-style lecture series, IRL micro-simulations at festivals and other events

experiments with upside risk exposure

15 of 15

The Sources

Benedict, Kizley. “Estimating the Number of Homeless in America”. http://thedataface.com/2018/01/public-health/american-homelessness

Pianka, Eric R. “Land”. http://www.zo.utexas.edu/courses/thoc/land.html

https://ipropertymanagement.com/research/home-improvement-industry-statistics