Pre-launch. No offer is open: information and waitlist only.Updated 17 October 2026 · Project status
Aldeia
Project status · updated 17 October 2026

Phase 0: prove it.

The economic model, the legal map, the two-door structure, the name and the whitepaper draft are done. Next is a legal review of the association's statutes and the token's rights, then the councils, then a building under conditional contract. No offer is open and no money is being collected.

Roadmap

Five phases, gated in order.

PhaseScopeStatus
0 · Prove itCounsel review of the statutes, token rights and bonds; approach Coimbra and Leiria councils; one call to IHRU on concessional debt; name, domain and channelsIn progress
1 · Lock a buildingBuilding identified; conditional purchase contract (on council vote and funding); independent valuation; association incorporated; crowdfunding platform contractedNext
2 · TokenOffer document published; standard vesting and escrow contracts audited; capped sale for the first building; proceeds to euro escrowLater
3 · Bonds€3M offer on the licensed platform; holders' priority window (if allowed); close; deed; escrow released; land-registry code publishedLater
4 · Operate and repeatLeases under RSAA; first audited quarter; first holder vote on building 2; then 3–5 buildings and the opt-in pooled vehicle; later rehab and new build on leased public landLater
Phase 0 checklist

What has to happen before any money is taken.

Critical path: legal review, then the association, then the councils, then a building under conditional contract, then the token's offer document and the bond terms. Roughly six to nine months from here, without promises.

  • Done
    Economic modelv2.2, 14 Oct 2026. Lever-by-lever yield, stress case, tax-stacking scenarios.
  • Done
    Legal path and blueprintLegal path v3.1 and blueprint v1, 14 Oct 2026: one token, two doors; precedents; controls; open questions for counsel.
  • Done
    Name"Aldeia" chosen 15 Oct 2026. Trademark filing (word-and-logo mark, EU classes 36 and 37) is next.
  • Done
    Whitepaper draftv0.5, 2026-10-15. Read it.
  • Done
    Association statutes, draftedNo holder economic rights; the vote binds site choice; no money moves without a registered deed and audits. Awaiting legal review.
  • Done
    Information site and waitlistThis website.
  • Doing
    Legal review of the draftsPro bono review of the statutes, the token's rights and the bond structure being sought from Portuguese firms. The one gate before any money is taken.
  • Done
    Own domain and contact addressaldeiaworld.com live 17 Oct 2026; the earlier address redirects here. Contact: hello@aldeiaworld.com.
  • Doing
    Official channelsAccounts under one handle on every platform. Listed in the footer as they open.
  • Next
    Council support for CIACoimbra and Leiria: whichever municipal assembly will vote the CIA benefits first joins the shortlist.
  • Next
    Concessional debtOne call to IHRU and Banco Português de Fomento: a cheaper layer would raise the multiplier from about 4× to about 6.7×.
  • Next
    Building shortlist2–3 whole buildings of 15–18 flats, about 15% below market, in the gated cities.
  • Next
    Incorporate the association and the sponsor companyAfter the legal review.
  • Next
    Select crowdfunding platform, tokenization provider and token toolingChosen together: the platform decides which bond token stack works; the token uses standard audited contracts.
  • Next
    Regulatory sandbox applicationPortugal FinLab (CMVM, Banco de Portugal, ASF), next window expected early 2027. Not a gate, but useful.
Changelog

What changed, and when.

Every material change to the structure, numbers or documents is logged here.

  1. Own domain: aldeiaworld.com
    • The site now lives at aldeiaworld.com. housing.pedrocorreia.org and www.aldeiaworld.com redirect here permanently; existing links keep working.
    • Contact address is now hello@aldeiaworld.com (also in the whitepaper's notice). No other change to the whitepaper.
    • Only aldeiaworld.com is ours. aldeia.world and joinaldeia.com are unrelated businesses.
  2. Name: Aldeia. Structure: one token, two doors. Whitepaper v0.5
    • The project is now called Aldeia (Portuguese for village). The earlier working name is retired.
    • A governance token is added as a second door: anyone can hold it, it funds the 25% first-loss layer in each building, and holders vote on where to build next. It carries no economic rights and pays nothing.
    • The first-loss layer, previously expected from impact funders, is now funded by the token sale, with an impact anchor as fallback.
    • Issuer of the token: a Portuguese non-profit association, statutes drafted. The bond structure is unchanged: one company per building, bonds through a licensed EU crowdfunding platform.
    • New controls written in: escrow release only on registered deed, council vote, valuation and bond close; quarterly audit of occupancy and rent collection; manager termination if collection stays below 90%; two-of-three independent signatures on every release.
    • Whitepaper rewritten as v0.5; new token page; risks and FAQ extended; official-channels list added to the footer.
  3. Whitepaper v0.4 and information site
    • Base coupon set at 1.25% fixed, below the worst modelled case (1.45%).
    • Opt-in exchange clause into a future pooled vehicle added to the bond terms.
    • Launch mechanism confirmed: tokenised participating bonds now, pooled ownership at scale.
    • Information website built, with the whitepaper as HTML and PDF.
  4. Structure decided
    • One Portuguese company per building, issuing participating bonds through a licensed EU crowdfunding platform.
    • Pooled fund deferred to Phase 2. DAO and land-trust models rejected as owners of property.
    • US and UK investors excluded.
  5. Economic model v2 and legal path v3
    • Finding: buying at market and renting 20% below pays about 1.6%. Four levers lift the bond target to about 3%.
    • One company per flat ruled out: negative yield.
    • Whitepaper draft v0.3 written.