Name of Project: Disrupt MLS(Multiple Listing Service)
Proposal in one sentence: Disrupt/Introduce the centralization of homebuyer inventory data on the MLS
Description of the project and what problem is it solving:
NEW The project will seek to gain traction in markets where there is no centralized mls.
The data around home buying is centralized via the MLS. Realtors have to pay to access the data and upload it to the MLS, sellers have to pay realtors to place their listings on the MLS and sign exclusivity contracts to do so. Owners who want to subvert this process and list their property do not get the visibility that entering the MLS system provides. Disrupt MLS cuts out the realtors, traditional MLS and associated fees. It takes seller listings and puts them where buyers are, on sites like realtor.com , zillow, etc.
- Grant Deliverable 1 - landing page (COMPLETE)
- Grant Deliverable 2 - database that will store data(COMPLETE)
- Grant Deliverable 3 - api fetch data from landing page to store on database(COMPLETE)
The grant deliverables are complete and are available for viewing @ https://b03f-2600-1700-8c90-3fe0-ac87-1ac0-afbd-abb3.ngrok.io/sign-up. The production domain is onemls.world
Deployment to production is currently underway and will be complete before the voting round.
Blog Post: https://medium.com/@jennyvallon/disrupt-mls-removing-the-multiple-listing-system-unleashing-data-onto-ocean-market-b05fbdbd6343
Which category best describes your project?
- Build & Integrate
Which Fundamental Metric best describes your project?
- Primary Metric: “$ Data token Consuming Volume”.
- Secondary Metric: “Total Value Locked”.
What is the final product?:
The final product is a service that collects, stores and displays sellers listings outside of the MLS. This valuable data can then be accessed directly by wholesalers or investors (who place a premium on listings outside of the MLS) and access can be sold to by sites such as Zillow and Realtor which will add more value to their platforms.
How does this project drive value to the “fundamental metric” (listed above) and the overall Ocean ecosystem?
We can get minimum 30 data buyers (and thousands of data sellers in the form of FSBO listings).
Each buyer does (20K OCEAN / month) of consume volume on Ocean Market. This is a total of 600K OCEAN / month consume volume.
This is the average recurring volume for future months.
So bang = 30K OCEAN.
Grant size = buck = 10K USD
So ROI = bang / buck = 30K OCEAN / 20K OCEAN = 1.5.
Proposer’s estimate of % chance of success = 70%
Final: expected ROI = 0.70 * 1.5 = 1.05
As it stands now, There are multiple MLSes that compete with each other. It stands to reason that this service can thrive in the system as it currently exists and out live it as disruption in the Real estate space persists.
Funding Requested: (Amount of USD your team is requesting - Round 11 Max @ $10,00)
Proposal Wallet Address: 0x89128D2be9163d65b3dF2Ebf088A0904Dc48B625
Have you previously received an OceanDAO Grant (Y/N)? Y
Country of Residence: United States
Part 2 - Team
IMPORTANT: See Criterion (4). One Project/One proposal on communicating “Core Team” versus “Advisor”. You may be ineligible if not correctly updated.
For each team member, give their name, role and background such as the following.
- Role: software Engineer - Founder,
- Relevant Credentials :
- Healthline Media
Dianne Jennings - Real Estate Broker and Lender in Georgia, United States
NEW TEAM MEMBERS
Both roles will be critical to facilitate the objectives of this rounds proposal
Part 3 - Proposal Details
Project Deliverables - Category:
- Data will be made available on Ocean Market
If the project includes software:
- Are there any mockups or designs to date? Yes (see screen shots above)
- An overview of the technology stack?
Node, React, MLABs
Project Deliverables - Roadmap
- Any prior work completed thus far? Yes
- What is the project roadmap? That is: what are key milestones, and the target date for each milestone.
Milestone 1 => Get a landing page ready to capture email / potential customer information(COMPLETE)
Milestone 2 => Set up social media channels, get ad creatives to drive traffic to the landing page, Collect potential consumer data
Milestone 3=> Deliver Create listing page,
Milestone 2 is the proposal deliverable for Round 12