Global REIT is a blockchain based sharia-compliant Real estate investment trusts(REIT).
Global REIT was formed in Dubai, U.A.E early January, 2018.The company moved on to build it's blockchain platform with plans for it's Pre-ico in May and public ico in June.
Global REIT is aimed at giving investors access to real estate markets without acquiring an entire property. Global REIT would implement the same system that traditional REIT used only with some additions.
- Monthly payments of dividends to the token holders of "Asset holding company"
- Allocation of reward points in the loyalty program that can be used to enjoy limited services.
- Access to all it's assets under management (AUM) and free stays in it's hospitality asset every year.
Global REIT will offer two utility tokens to it's investors,The global reit fund manager token (GREM) and the Global REIT asset token (GRET)
GRET and GREM Token
GRET token is an ERC20 token that can be traded in token exchanges while the GREM token is a secondary ERC20 token. The GRET and GREM tokens would allow investors to partake in the dividends of the Global reit fund manager.
Funds Raised through sales of GREM tokens is allocated as follows;
35% would be used for sales & marketing
30% would be used for financial compensation for team
10% would be used for legal and regulatory expenses
5% would be used for Audit expenses.
While the funds raised from the sales of GRET tokens would be used to fund 22% of total price for the acquisition of the first asset under management.
Meet the team behind this company.
Website: https://globalreit.io
Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf
Telegram: https://t.me/GlobalReit
Twitter: https://twitter.com/GlobalReit01
Bitcoin ANN: https://bitcointalk.org/index.php?topic=3352552.0
Author : bluecrab
BTT Profile Link: https://bitcointalk.org/index.php?action=profile;u=2051472