Dealing and trading in real estate can be so ambiguous and money consuming, it is reserved for the rich and well to do in the society especially because of the cost that goes with the so many intermediaries in lawyers estate agents and the likes, these intermediation and third party account for about 30% or more of the total payment. Really exorbitant you will say but that has been the norms in the real estate industry for a very long time now.
There are other several problem and barriers that has been persisting in the real estate market aside the ones mentioned above and these includes
• High threshold for entering
• Lack of liquidity
• Slow and complicated process of ownership transfer
• Lack of price transparency
• Risk of fraud
• High transaction cost as mentioned above and
• Complications of cross-border transactions.
Though a lot have been done to address all these problems in the past one of which includes the invention of new investment vehicle and this has solved some of the problems highlighted above but there is no perfect solution and the real estate market is still the most inefficient one compared to other asset classes.
To bring real estate down to the level of common man that wants to get involve and eliminate the so many intermediaries, ALT.ESTATE come to play to bring innovation to real estate market by implementing blockchain technology in the real estate market place and crowd funding business models. The goal is to promote blockchain and cryptocurrencies to the masses by solving the traditional problems of investments in the real estate.
Alt.Estate is a blockchain platform to trade tokenized real estate. It allows anyone to easily build their own global portfolio of the best properties worldwide and become a real estate tycoon. The Alt.Estate team, with $400m worth of real estate deals in 2016, includes professionals with a strong background in investments, finance, marketing and operations. We are supported by advisors with worldwide expertise and transactions in real estate worth more than $3bn.
source
Alt. Estate envision to promote blockchain technology in real estate through the creation of a clear economic incentives for the market players.
WHY DOES ALT. ESTATE USES BLOCKCHAIN
The Alt.Estate uses blockchain because if its
• Decentralization
• Faster transaction
• Lower cost
• Liquidity
• Tokenization
ADVANTAGES OF USING ALT. ESTATE
The many advantages of using the platform includes
• Low Transaction costs: There is a reduction know the transaction cost to up to 30% of the property price.
• Investment portfolio: With Alt. Estate even a small investor can diversify his portfolio by purchasing different assets.
• Strong Expertise: ALT. Estate team and advisor have above $4bn worth of transaction experience in real estate.
• Low entry Ticket: With Alt. Estate you have the ability to buy a 1/1000 fraction of a property and this make it accessible to everyone. Other advantages includes
• Security and protection
• Global portfolio
THE ALT TOKEN AND CROWDSALE
Alt.Estate open the crowdsale to everyone where payments are done with Alt. Tokens, on boarding begins on the 1st of March, the rate of ALT/ETH during the crowdsale will be 100,000 ALT/1ETH.
The Alt Token will be distributed on the ethereum blockchain pursuant to a related ERC20 smart contract in exchange for the payments received.
TOKEN ALLOCATION
The Alt.Estate aim to distribute 80% of the ALT token to the public. To ensure a long term growth of the ALT. Estate protocol.
60% will brdistributed during the crowdsale, 20% distributed for ALT. Estate network growth and 20% of the ALT token created will be allocated to the team and advisors .
You can read more on ALT. ESTATE on:
website
whitepaper
Telegram
facebook
twitter
Am Tuvic on bountyhive
Ambassador link