Checking Out
This section describes and provides a guide for the investment process through Homebase.
Last updated
This section describes and provides a guide for the investment process through Homebase.
Last updated
Let's say that after viewing all important property details within Using the Marketplace you decide that you want to invest in a particular property. Here's how you would proceed on the Homebase platform:
As part of checkout at Homebase, make sure that your wallet has enough USDC on the Solana blockchain to complete your purchase. You can use the tools within Property Financials to calculate your expected return based on the number of tokens that you wish to buy.
Additionally, check that you have enough SOL to cover gas fees. For more on gas fees, you can read more within What are Blockchain Gas Fees?. We recommend that you keep at least 1 SOL to make sure you have enough to cover gas fees during checkout, after which you can transfer your SOL back to USDC or any currency that you wish.
Our team at Homebase recommends using Phantom for checkout at this time and have a detailed guide for setting up your wallet within How To Set Up Your Phantom Wallet.
Within the property details page, guide your mouse to the grey box underneath the photos to the right side. No matter what page you are looking at within property details, this grey box should be in view. If a property is not yet live, the button will be greyed out with a timer counting down to the live date. You cannot purchase tokens at this time, but, instead, you can declare interest and our team will keep you informed when this home is live.
If it is live, go ahead and proceed with the next steps.
If you have a wallet extension connected to your browser or are using a wallet-native browser (such as the one within the Phantom app), our website should detect the wallet you are using. If it does not detect your wallet of choice, shoot us a message through Intercom or email us at info@homebasedao.io.
If your wallet is detected, go ahead and press the Connect button as highlighted in red below.
After your wallet has been connected, the purple "Connect" button will turn into a blue "Invest" button with the USDC symbol. Click that new blue button when it appears, as shown in the red box below.
At this point, a modal will pop up in the center of your window detailing the property that you are investing in as well as the number of tokens to purchase. Additionally, the total cost, including the total USDC to be used for purchase as well as projected gas fees, is detailed at the bottom of the modal in addition to links to the Terms of Service, Security Token Purchase Agreement, and Operating Agreement. The "Confirm Checkout" button will be greyed out and unclickable at this time.
You can use the + or - symbols to the right of "Quantity to Purchase" to adjust the number of tokens you wish to purchase. Note that each property has a minimum number of tokens that can be purchased and that will be programmed into the modal and buttons.
If all of the details look good to you, simply click the checkbox on the bottom left of the modal. The greyed out "Confirm Checkout" will then turn blue and you can initiate checkout by clicking this "Confirm Checkout" button.
After clicking "Confirm Checkout", the button will again grey out and a loading symbol will appear. After ~5 seconds, your wallet should display a popup showing your NFT's for purchase in addition to the USDC to be paid and gas fee (in SOL) to be used. To confirm your transaction, click the "Approve" button.
It will take a few moments for your transaction to complete, after which you will be automatically moved to the purchase verification/signature page. For more details, go to the next page.
Signing the Appropriate Legal DocumentationAll investments are made in home offerings via USDC by minting non-fungible tokens on our platform. The tokens get sent automatically to your Solana wallet after purchase and become active after the home successfully sells out and the deed of the house is properly transferred into the new LLC.
Shared content and posted charts are intended to be used for informational and educational purposes only. Homebase does not offer, and this information shall not be understood or construed as, financial advice or investment recommendations. The information provided is not a substitute for advice from an investment professional. Homebase does not accept liability for any financial loss or damages. For more information please see the terms of use.
