Real estate investing is an increasingly profitable method of wealth building and there are many ways for individuals to invest in real estate. However, traditional real estate investment models have barriers to entry. They create a heavy burden in terms of regulation and financial aspects attached to them and make investment becomes unfeasible by most potential investors who are interested in real estate investing.
Most of the international residential real estate transactions are generated by individuals who buy many or build units including family homes, apartments and condominium units. These purchases make up most of what is sometimes referred to as the second-holiday market/home market or residential tourism market.
What is Global REIT
Global REIT is the first REIT-based blockchain technology with clear security and transparency. In Global REIT, it aims to create a true diversification across different classes of real estate assets to enable users to invest seamlessly and profitably into a broad asset-backed portfolio
With a Vision to create a global real estate investment portfolio that will offer the added benefit of traditional REITs with REIT Global supported with blockchain.REIT technology will start offering its investors at its base in Dubai, UAE and then expand rapidly around the world including for the cryptocurrency investor want to invest simultaneously in real estate and earn regular dividends.
Global REIT, a global real estate investment partnership project, is the world's first real estate investment platform with a decentralized block-chain base. This approach, along with block technology, aims to revolutionize the real estate industry. The most important feature of REIT Global here is that it makes the system more appealing with the use of smart contracts and blockchain technology when operating in systems similar to traditional real estate agencies. In this platform, he plans to establish with a net capital of about 75 million USD and intends to reach the target of 2 billion USD in three years.
Global REIT is indeed committed to changing people's buying methods, along with chain-blocking technology and smart contracting. Here, the platform plans to invest in the real estate sector using cryptocurrency to get a stable dividend every month. In addition, this platform has adopted an approach that will help investors who are trying to sell their real estate to the liquid market against cryptographic currencies.
Here is a working principle really gives in making a difference by combining smart public-based contract block blocks and holding structures similar to traditional approaches and return on investment in the form of monthly dividends to investors. Platform users can participate in both the fund manager's revenue and in revenues from platform-managed assets. This platform has compiled a token distribution mechanism so that each customer will receive two tokens, "Grem" and "Gret". This token will be the most important factor in contributing to the platform profitable process.
UTILITY OF TOKENS
The token holders of GREM and GRET will get future access to all Assets Under Management (AUM) of Global REIT. Regarding the Hospitality Assets, token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year. Furthermore, reward points will be offered in the Loyalty Programs attached to its AUM and these points can be used to avail free services up to a certain limit.
Another utility for token holders of GREM is that those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in the crypto domain. These tokens can either be bought from the Fund Manager (GREM) or from the Open Market. The settlement of such acquisition will be done in any cryptocurrency the capital base will be open ended.
DISTRIBUTION OF TOKENS
57,857,143 GREM Tokens will be issued in Pre ICO
21,428,571 GREM Tokens will be issued in Public ICO
110,714,286 GREM Tokens will be retained by the Fund Management Company
10,000,000 GREM Tokens will be reserved for the Advisory Board of Global REIT
12,150,000 GRET Tokens will be issued in Pre ICO
4,500,000 GRET Tokens will be issued in Public ICO
58,350,000 GRET Tokens will be issued to the Asset Owner of the 1st Asset to be acquired by Global REIT
The utilization of proceeds from GREM Tokens will be as follows:
Funds raised by Sale of 79,285,714 GREM Tokens in both Pre & Public ICO will be used by the Fund Management Company to carry out operations –
35% Sales & Marketing
30% Fixed compensation for the team
15% Administrative expenses (office, IT, server hosting, taxes, etc.)
10% Legal & regulatory expenses
5% Audit expenses
5% Other miscellaneous expenses
110,714,286 Tokens retained by the Fund Manager will be used in the process of acquisition of assets in the future
The 10,000,000 Tokens reserved for Advisors will be used as remuneration for their services
Roadmap
Learn more about what we’ve achieved so far, our short-term plans, and what we’ll create together.
Team Global REIT
References
Website: http://www.globalreit.io
Technical Review: http://globalreit.io/front/whitepaper/Global-REIT.pdf
Twitter: https://twitter.com/GlobalReit01
Telegram: https://t.me/GlobalREIT_Bounty
Medium blog: https://medium.com/@globalreit01
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