It’s been a while that I’ve being in the blockchain industry and I must confess to you, it hasn’t totally been rosy like I expected initially. Gone are those days when I only need to do a little checking on whatever ICO I was going to participate in, now the industry is so diluted with lots of fake and unserious projects that will get investors funds stuck and at times lost completely, so when I come across worthy projects with innovative ideas to change develop the blockchain space, I surely don’t joke with them.
Without wasting too much time, I’ll like to introduce to you all an exceptional and amazing project you all don’t want to miss out on, it’s the Instant Assets Token platform that is set to revolutionize the real estate industry.
Real estate industry over time have proved to be a very lucrative one with an encouraging ROI and as result, several people have been willing to drive into this industry but the big question remains that How easy has it been for them?
People face a lot of difficulties whenever they want to acquire estates and properties and its more like the bigger names in the industry are the ones being favored, so its seems practically stressful for newbies to get involved in the business. Take for instance, I see a landed property I love and want to acquire, I definitely need to pass through the stress of going through a broker or agent who’ll definitely charge high and even if I decide to resale, the same thing happens. This means that the middlemen (agents and brokers) are the real issues the industry is being faced with.
Several other challenges in the industry includes; Lack of transparency in the system, strict and complicated financial regulations, several restrictions being made on foreign ownership and lastly high capital requirement.
Instant Assets Token
It’ll delight you to know about the new platform that I bring to you today (Instant assets tokens) which will eliminate the traditional barrier in the industry in order to ensure a smooth and more transparent transactions to help develop the real estate industry.
This platform is dedicated to tokenizing real estate industry on the Ethereum network. The issue of excessive charges by brokers that investors face on regular basis will be annihilated because the platform will reduce the charges been spent by 70-90% during the purchase of properties, also The platform plans to invest more on commercial estates that have an history of good demand over the years, bulk acquirement of residential properties shall also be done by the platform.
The two major companies in charge of the platform are DigiAssets Pte Ltd and Reality Beacon Philippines (RBPI). DigiAssets shall be in charge of token management and it is located at Singapore while Reality Beacon Philippines Inc shall be in charge of the management of IAT pegged properties.
NIAT and IAT tokens shall be the two main tokens of the platform in which IAT will be used for real estate tokenization with a total supply of 5,000,000,000, it will be released for IEO while on the other hand, purchase of assets, payment of legal services, payment of tax advisory, rental payment, payment of agent’s commission shall be done with NIAT which will serve as the local tokens and shall be the equivalent of IAT tokens. The NIAT tokens is also said to be pegged against the country’s native currency.
In conclusion, the difficulties being encountered when making investments in the real estate industry has been a major concern for a long time and as a result, IAT have decided to make the investment of properties easily available to the masses through assets digitization and also transparency of resale and leasing properties. Having taking care of all these issues, then definitely, real estate’s investment will be easy and encouraging for everyone to get into.
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