ALT.ESTATE: TOKENIZE REAL ESTATE

 

 

Real estate is increasingly becoming a sector to be reckoned with. According to Savills World Research, the total value of world real estate reached $217 trillion in 2015 and is worth nearly 2.7 times the global GDP. This number includes only developed real estate, and would have been much larger had Savills counted the vast amount of undeveloped land around the globe.

 

Investing in real estate is a lot more complicated than investing in stocks and bonds. Several major problems and barriers persist in real estate markets: 

• High threshold for entry
• Lack of liquidity
• Slow and complicated process of ownership transfer
• Lack of price transparency
• Risks of fraud
• High transaction costs
• Complications of cross-border transactions

ALT.ESTATE SOLVES THE MAIN PROBLEMS

Now, there is Alt.Estate Platform that can address the problems and barriers in the real estate markets. Alt.Estate Platform is the marketplace for primary sales and secondary trading of tokenized assets. The Platform allows users to trade real estate in fractions with higher liquidity and lower costs. Alt.Estate is the first real estate tokenization project with a viable B2B marketing strategy and have the vision to create economic incentives for market players by promoting blockchain technology in real estate.

 

Alt.Estate bring innovation to real estate markets by implementing blockchain technology in the real estate marketplace and crowdfunding business models. The reasons of blockchain technology are the right choice:

1. Decentralization. Alt.Estate pushes the real estate market to become truly peer-to-peer. The transition from a centralized system to a decentralized one must be smooth to mitigate implementation risks.
2. Faster transactions. Standard registration of the title of deeds with notarized documents could take up to 60 days. An Alt.Estate transaction can take less than 10 minutes.
3. Lower costs. Alt.Estate has the potential to greatly reduce transaction fees by eliminating third-party intermediaries and overhead costs for exchanging assets (up to 30% of property price). The Alt.Estate trading fee is 2% (a reduction of up to 15-fold compared to a traditional real estate transaction), which can be further reduced as the network grows.
4. Liquidity. Real estate owners get access to both fiat and cryptocurrency investors without traditional cross-country boundaries, which highly speeds up the property sales process.
5. Tokenization. Fractional ownership enables purchasing real estate with a smaller ticket. Property-specific tokens are customized for each property and jurisdiction. Tokenization enables trading real estate in small fractions and makes it accessible as a result. Sellers attract new buyers who could not afford to buy real estate before, didn’t have the opportunity to invest internationally, didn’t want to bear high transaction costs, or wanted to pay for real estate with cryptocurrency.
6. Transparency. Ownership and transaction data is accessible to all peers on the network. It is stored in the distributed web and hashes are recorded to the blockchain.

Any real estate seller (individual or institution) can list the property on the Platform. The listing process consists of the following steps:

1. A seller registers with the Platform and passes all KYC, AML and other procedures
2. The seller applies to list the property on the Platform
3. Preliminary analysis of the property
4. Appraisal
5. Expert committee approval
6. Due diligence procedures
7. The qualifying property is assigned a unique property ID (PID)

TWO-LAYER TOKEN MODEL

There are two types of tokens used in Alt.Estate Platform, SQM Tokens, and ALT Token. SQM tokens are property-specific tokens, which are created when a new property is tokenized. Each property listed on the Platform has its own SQM_{PID}, where PID stands for a unique property ID. The SQM token was engineered to be legal proof of real estate property ownership, and integrate with blockchain property rights.

 

The ALT token is a pure utility token used for several specific functions within the Platform. ALT token holders are involved in the decision-making process regarding real estate listed on the Platform, selection of third-party vendors, and other strategic decisions of Alt.Estate development. ALT token holders will have the opportunity to address any issue in the voting system. A vote will be held at least once a year. The results of this vote will be submitted to the Alt.Estate management. Voting results won’t be binding, but they will be strongly considered in decision making.

 

THE ALT.ESTATE TOKEN

There is two types of tokens used in Alt.Estate Platform, SQM Tokens and ALT Token. SQM tokens are property-specific tokens, which are created when a new property is tokenized. Each property listed on the Platform has its own SQM_{PID}, where PID stands for a unique property ID. The SQM token was engineered to be legal proof of real estate property ownership, and integrate with blockchain property rights. There are 4 general functions of SQM tokens:

1. An SQM token is a store of value
2. An SQM token is an instrument for raising funds by sellers tokenizing their property
3. SQM tokens allow a token holder who own 100% of the SQM_{PID} to use the underlying property at their own discretion
4. SQM tokens give voting rights on property-specific decisions through a special mechanism decentralizing property governance

The ALT token is a pure utility token used for several specific functions within the Platform. There are 3 major functions of ALT tokens:

1. ALT token is the fuel of the Protocol and the Platform; all the fees are paid exclusively with ALT tokens
2. ALT token is a cryptocurrency:
   * SQM tokens on the Alt.Estate Platform can be purchased with ALT tokens
   * ALT token holders can earn extra income for work done within their roles assigned on the Platform paid with ALT tokens
3. ALT tokens give voting rights on decisions through a special mechanism decentralizing Platform governance

ICO Details

Token	ALT
PreICO Price	1 ALT = 0.00001 ETH
Price	1 ALT = 0.00001 ETH
Bonus	Available
Platform	Ethereum
Accepting	ETH
Minimum investment	0.1 ETH
Soft cap	1,000,000 USD
Hard cap	30,000,000 USD
Country	British Virgin Islands
Whitelist/KYC	KYC & Whitelist
Restricted areas	USA, China, Singapore

 

Roadmap

 

Team & Advisors

Team

• Vladimir Shmidt – CEO
• Alexander Popov – CFO
• Anton Lysak – CTO
• Ivan Butenko – BizDev Executive
• Liana Tagirova – CMO
• Ivan Sidorov – Development Team Lead
• Aler Denisov – Blockchain Engineer
• Aleksei Ulianov – Head of Legal
• Saruul Nadbitova – BizDev Manager
• Dovudjon Mirzoalimov – Head of Customer Development
• Vitaly Losev – Business Analyst

Advisors

• Matthew Falk – Senior Software Engineer at FeatureX
• Evan Huddleson – Early Ether Investor and Sales Professional
• Brian Meegan – Managing Member at Evergent Law LLC
• Sayan Tsyrenov – Director at PwC, Real Estate Mergers & Acquisition Advisory
• Denis Sokolov – Partner at Cushman & Wakefield, Head of CEE Research
• Stas Tikhonov – Partner at Knight Frank, angel and venture capital investor
• Alexander Shatalov – Partner at Savills, CEO

 

Quik Links

Website
Whitepaper
Ann Thread
Bounty
Medium
Facebook
Twitter
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Written By: putri_dewi
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1132669;sa=summary
address of ethereum wallet: 0x4aD3D0C2A47FfA55547DBb36630A77912BC5Ff21