We all look for long-term security when it comes to investing our money, some say shares, and some say mutual funds. However, one of the best ways to invest and be almost assured of good returns is real estate. Real estate is the so-called evergreen market which guarantees huge long-term returns on your investments. RealtyCoin is the product of a new company which is called Inversiones Derezunsky SpA based in Santiago, Chile. Their idea is simple: buying property at lower rates and later on selling it at higher prices, thus making a huge profit in the process. 10% of each profit will be distributed equally among all the investors.
This company doesn't buy any property on the market and only deals with certain kind of real estate:
- Ruined properties
- Abandoned properties
- Forced to sell to the banks
- Properties caught up in legal issues
- Properties which need immediate buyers
ISSUES WHEN INVESTING IN REAL ESTATE
- The initial capital which is required to invest in real estate is too high and mostly out of the budget.
- A new investor may not have knowledge about all the legal matters related to real estate.
- Getting a loan is tough, and even if you get one, the interest rates are usually very high.
- Even if you have the capital, it is difficult to buy property in a different country if you do not belong to that country leaving you with limited options.
SOLUTION
- RealtyCoin creates a decentralized economic system, without any periphery and limitations allowing you to invest from anywhere in the world.
- Everyone will have an equal say in the form of votes as to which property should be sold, leased, rebuilt or demolished.
- The amount of money you want to invest depends on you, meaning even small investments will fetch you proportional returns.
- No banks are involved in the whole process as all the money is acquired from the investors.
ICO
RTC is the token symbol and 1 RTC=0.00036 ETH. All payments will be accepted only in ETH or BTC.
The pre-sale was held from 17 November 2017-17 December 2018 and the minimum purchase was set at 0.5 ETH or 1410 RTC.
The ICO stared on 17 December 2017 and will go on until 31 January 2018. The soft cap is $500,000 USD. The target volume for the token sale is 500,000,000. Out of this:
- 200,000,000 will be available for token sale.
- 75,000,000 is reserved for ICO bonuses.
- 150,000,000 is reserved for RealtyCoin team.
- 75,000,000 is reserved for early adopters in pre-sale.
BUSINESS MODEL
It is divided into two parts: acquiring property and selling it off.
Properties will be acquired with the money that has been obtained from the investors via the ICO. The properties will, later on, be sold at higher prices and a return of 10% will be shared with the investors as a dividend. As this process goes on, the price of RTC will rise.
The company also aims to make RTC an acceptable means of payment in real estate market.
REVIEW
Presently, the company only operates in Chile and will move to different areas as it expands. However, it is a good time to invest in Chilean property, as VAT is imposed on newer properties in Chile, making older properties more lucrative. The company is yet to analyze the technological aspects due to lack of relevant documentation. Also, you must be careful as it could turn out to be yet another Ponzi scheme. The real estate market is also very volatile and there is no 100% guarantee of good returns. Overall, it is still in the development stage and you must wait for some more time before putting your money into it.
To know more visit:
Website: http://therealtycoin.io/
Whitepaper: https://drive.google.com/file/d/1DRdU4f8Fa6nfeIID2FyzgwNFB9eJmLwo/view
Published By: Kishan748
My Btalk profile: https://bitcointalk.org/index.php?action=profile;u=1027561