ManageLife Whitepaper

1. Everyone Needs a Home

We hear a lot of lines telling about Home and Homeownership:

“Home is optional; experiences are essential.”

“Renting memories, not mortgages.”

“Owning a home? That's so yesterday.”

And that famous one:
“You will own nothing but be HAPPY!”
-- World Economic Forum

For ManageLife, we consider them bullshit, respectfully.
Home is the most respectful place as it serves as a sanctuary where individuals can find comfort, security, and acceptance. It is a space where personal dignity is upheld, and one can express their true self without judgment. If you open a dictionary, it tells you the word “Home” is a noun that means where one lives permanently, especially as a family or household member. Homeownership is the most soul-related contract in developed society because it represents not just a financial investment, but a profound emotional and personal commitment. It embodies the fulfillment of dreams and aspirations, offering a sense of stability, autonomy, and pride.

People need homes and homeownership because they provide essential shelter and security, fulfilling basic human needs for protection and stability. A home offers comfort, privacy, and a sense of belonging, which are crucial for psychological well-being. Moreover, home ownership fosters community connections, creating a sense of shared identity and belonging within a neighborhood. It enables individuals to have greater control over their living environment, allowing for personal expression and the ability to make improvements and modifications.

Throughout history, whether living in a cave, a wooden shelter, or a modern home, the concept of having a secure place to call one's own has been fundamental to human existence. Homes provide living spaces and the foundation for creating meaningful experiences. For those who claim to prioritize experiences over ownership, we can challenge them to consider the unique experiences that homeownership brings. While there are undoubtedly obstacles and challenges associated with owning a home, the focus should not be on avoiding these difficulties, but on overcoming them with the tools and resources available to us. This embodies management inherited from our ancestors who lived in caves and built shelters called “Manage” and the spirit of resilience called “Life”. “Life”.

2. ManageLife Membership for The Homeowner Experience

For ManageLife, we are the one-stop destination to provide you with a solution to own the home and have the best experience with all the services you need for your life. We are building a self-sustaining ecosystem where our members can access housing, web3.0 technology, services, and products that will improve their daily lives. The ecosystem is designed based on ManageLife NFTi, which stands for each home on our ManageLife RWA marketplace, and $MLift (LifeCoin), which is the reward as ownership for our members. We don’t need our members to pay a higher rate from the market but the lowest costs to own a home and at the same time to start accumulating homeownership.

1. ManageLife RWA Marketplace

The process of tokenization transactions on ManageLife RWA Marketplace can be illustrated into the following steps:

1) An LLC is set up as the owner of the property.

2) A NFTi will be created based on the appearance of the home which stands for the LLC.

3) ManageLife offers NFTi securities to qualified global investors/buyers to purchase them and own property.

4) ManageLife Real Estate oversees all the properties on behalf of the investors/buyers, who will receive monthly cash flow directly to their cold wallets holding the NFTis.

5) The NFTi owners can sell it anytime on the ManageLife RWA Marketplace.

6) If the investor or buyer wishes to own and manage the property entirely on their own, they can burn the NFT with ManageLife.IO. In return, they will receive the home deed within 7 business days.

2. $MLife (LifeCoin)

LifeCoin is crafted to incentivize and reward users. It provides members with the opportunity to earn rewards for timely payments and offers additional benefits to those who contribute their properties to the platform. When members pay their monthly rent and hold their Member NFT, they receive 10% of their payment back in LifeCoin. This creates an incentive for individuals to contribute their properties to the platform, enabling ManageLife to maintain and place renters efficiently. Furthermore, it encourages non-members, such as typical home renters or apartment dwellers, to become members and start earning rewards they wouldn't otherwise receive.

• Rent Paid (green line): The rent paid with a common escalate rate at 3%/2%/1% in a 30-year period.

• Rewards in Dollars (purple line): The rewards in dollars also remain constant at 10% of the rent, which will be distributed as $MLife.

• Accumulated Equity (green line): The total $MLife a member accumulates can be used as an equity down payment for their new home. With the upcoming DeFi protocol on our platform, these tokens can be directly converted into homeownership.

3. Decentralized Finance

Decentralized financing for homes begins with the tokenization of real estate, where ownership is authenticated and represented as Real World Asset (RWA) Non-Fungible Tokens (NFTs) on the blockchain, ensuring transparent and secure proof of ownership, as well as home equity for a line of credit. After we create an RWA platform that leverages smart contracts and a dedicated cryptocurrency to streamline transactions, enabling seamless buying, selling, and investing in tokenized properties, the next stage involves integrating Decentralized Finance (DeFi) protocols that revolutionize home financing by allowing homeowners to access loans directly from investors and enabling fractional ownership and trading of home equity on decentralized exchanges. This decentralized approach enhances transparency, accessibility, efficiency, flexibility, and equity, transforming the real estate market into a more inclusive and efficient ecosystem.

A non-traditional financial system for home ownership needed a non-traditional approach to disbursement of the rewards token, Life Coin. We needed to take into account the sheer size of the real estate industry and the rental portion of that industry. By taking the potential growth rate for ManageLife, Life Coin has a capped supply at 5 billion tokens, 40% will be minted in advance and used for member NFT and NFTi airdrops, seed, presale and community presale opportunities, crypto ecosystem rewards, strategic placement, team, and community build out and investment. The remaining 60% will be left in the contract to be minted by our members and homeowners through the rewards process. The foundation of the rewards earn rate was a standard 30-year mortgage amortization schedule, but even this is skewed against the homeowner, paying the bank first and foremost. We took a different approach.

Basing the rewards rate on a flat interest amortization schedule allows the member and homeowner to earn a flat 10% of the monthly payment in USD in Life Coin. This USD amount is then correlated to the market price of Life Coin for the number of Life Coins that are then issued and introduced into the ecosystem. We discovered we needed a way to have a ‘difficulty rating’ to speed up and slow down the introduction of new coins into the ecosystem. Thus the amount of coins minted and added to supply comes from the earn rate of the members and home owners related to the price. By basing the monthly rewards in USD and paid out in Life Coin, this allows for fewer coins to be minted as the price of Life Coin continues to rise, thus further rewarding the members and homeowners who were early to our platform and showed continued loyalty. Ex. In the first month, Member A is paying $2,000 per month in rent and LifeCoin is $1. The first month Member A will receive $200 worth of LifeCoin, or 200 $MLife, as a reward. In the second month, Member A is still paying $2,000 per month in rent but the monthly average price of LifeCoin was $2. Member A will still receive 10% of their rent, or $200, in LifeCoin rewards; however, because of the price increase in LifeCoin, they will only receive 100 $MLife. The minimum for the monthly rebase will be equal to $1 per LifeCoin to protect members from rapid inflation.

1. Token Configuration

• Network: ERC-20 standard
• Token Name: LifeCoin
• Token Symbol: $MLife
• Total Supply: 5 billion tokens

2 billion at launch
3 billion for tokenized portfolio operation

2. Token Allocation

3. Home-E, Address Authentication, a free NFT headshot

We enable homeowners to register their properties with ManageLife. Our AI system swiftly verifies the authenticity of the properties and, as a token of appreciation for joining the home tokenization movement, generates an exclusive Home-E NFT.

The process of creating your Home-E NFT could be broken down into following steps:

a. Visit www.managelife.io/tokenizeyouraddress to input your address information and wallet address for registration.

b. Initiate the customization process for your Home-E tailored to match the features of your home.

c. Upon confirmation of ownership authenticity by the AI Address Authentication system, you will receive it in your designated cold wallet.

d. Subsequently, you can create an account on ManageLife RWA or any other NFT platform to commence trading.
The farming rules and community rewards will be released later as part of our community and marketing development process.

1. The Inevitable Web3.0 Blockchain

Web3 is a term used to describe the next iteration of the internet, one that is built on blockchain technology and is communally controlled by its users which is called decentralization.

Web3 is seen as inevitable in human history due to a convergence of technological advancements, economic shifts, and social demands. Historically, advancements like the printing press and the internet have decentralized power, empowering individuals. Similarly, Web3 leverages blockchain technology and cryptography to provide secure, transparent, and decentralized digital interactions, addressing the flaws of Web2 such as centralization, data breaches, and privacy concerns. By enabling decentralized finance, token economies, and autonomous governance through DAOs, Web3 democratizes access to digital and financial services, fostering global inclusion and innovation.

This evolution aligns with the ongoing historical trend towards greater individual empowerment, resilience against censorship, and sustainable, community-driven ecosystems. We can overthrow the existing structure to solve big social problems created by centralized organizations, like the housing problem in the US.

2. Overthrow the Housing Market

People often believe that the housing market is governed by supply and demand dynamics, with prices fluctuating based on this equilibrium. As a result, buyers frequently have to pay significantly more than the actual cost of a home to acquire one, and many feel that this situation is unchangeable. We feel sorry to tell you that is bullshit, respectfully.

The pricing of your dream home is influenced by banks, insurance companies, institutional capital firms, private investors, and the government. In general, two types of capital are involved in the housing development process: debt and equity. Debt financing involves charging a low-interest rate over a specific term, using the project or property as collateral. This interest rate typically includes an industry-standard rate plus a government reference rate. Equity financing, whether from individual or institutional investors, demands a higher return than the interest rate on debt. Developers, in addition to covering costs and securing profit for themselves, must repay all interest and investment returns to their financiers. Consequently, home buyers often find themselves with no alternative but to accept these higher costs.

You might argue that renting is an option, but that's even more disheartening. In 2023, multifamily renters are paying $2.04 per square foot per month, which is 55% more than the monthly cost of owning a home at $1.31 per square foot per month. By paying this premium, renters are essentially helping others to own and repay their financing, while being left with nothing to show for it. This leads to the frustrating reality epitomized by the saying, "You will own nothing and be happy."

Now, with Web3.0 blockchain technology, it is the time to overthrow this. By leveraging decentralized technologies and transparent systems, Web3.0 offers the potential to disrupt traditional models, creating a more equitable and efficient marketplace. Through decentralized finance (DeFi), blockchain-based property registries, and smart contracts, Web3.0 can streamline transactions, reduce reliance on intermediaries, and enhance transparency in pricing. Additionally, tokenization of real estate assets can fractionalize ownership, allowing broader participation and liquidity while mitigating the barrier of high entry costs. As Web3.0 principles permeate the housing market, they promise to foster a fairer and more accessible environment, ultimately reshaping the landscape to address overpricing issues.

3. The Revolution Process

a. Home Tokenization
The revolution begins with the tokenization of homes. This initial stage involves authenticating homeownership and creating Real World Asset (RWA) NFTs (Non-Fungible Tokens). Each home is represented as an NFT on the blockchain, ensuring that the asset is accurately documented and verifiable. This step is crucial as it lays the foundation for transparent and secure digital ownership.

b. RWA Platform
In the middle stage, the focus shifts to the development of the RWA platform. This involves creating smart contracts and launching a dedicated cryptocurrency to facilitate transactions. The platform becomes the core infrastructure for managing RWAs within the blockchain ecosystem. It enables seamless interactions and transactions between buyers, sellers, and investors, ensuring that all processes are automated, secure, and transparent.

c. DeFi Protocol
The final stage of the revolution is the integration of DeFi (Decentralized Finance) protocols. Here, the financing and equity of homes are managed through decentralized platforms. This allows for innovative financial services, such as decentralized lending, borrowing, and investing, which operate independently of traditional banking systems. By leveraging DeFi, homeowners and investors can access a wide range of financial tools and services that are more flexible, efficient, and inclusive.
Through these stages, the housing market is transformed, addressing issues of overpricing and accessibility, and paving the way for a more equitable and efficient real estate ecosystem.

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Investment Risks
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