ATLANT- changing the world real estate market.
what is ATLANT
Atlant is a platform that uses blockchain based technology to build a next generation real estate platform.they aim to empower the $217 trillion global real estate market which has a volume of $1.4 trillion so as to seek a more transparent and liquid way to invest and trade.The Atlant platform aims to didvide the individual parcels of real estate and later PTO also known as property token offering so as to list them on exchanges, doing this will make transfer of ownership in the real estate market easier and also allow then to be easily uniquely indentified using a digital record that contains information dealing in occupancy,legal status,historical performance and also financial position.tges tokens may also be traded on centralized digital exchanges .While blockchain technology is still in its infancy, and complete decentralized ledger of global property is not going to happen overnight, ATLANT plans to take a leading role in all facets of real estate globally to make this a reality, starting with disrupting the rental market and tokenizing large real estate assets for trading. Please refer to our timeline below for detailed overview of our current progress and future goals.
Tokenized ownership will simplify every type of operation with the real estate, including property investments and ownership transfers, either partial or complete. Real estate tokens representing a share in property ownership will allow for a liquid real estate market with transparent prices (price discovery). Please note that ATL tokens are essentially membership certificates in the ATLANT Platform, which give numerous rights and privileges to their owners provided compliance with KYC/AML policies of ATLANT and proof of member activity confirmed by running an ATLANT node on the member’s computer, as discussed in more detail later. There is no passive expectation of income solely from holding ATL tokens. Peer-to-Peer Rentals will make it possible to significantly reduce fees taken from both parties (tenant and lessor) and minimize the possibility of fake reviews and forged ratings – which are the main problems of existing centralized rental services such as Airbnb, Expedia, Booking and others. With advent of blockchain technology, existing hotel business and growth of online services such as Booking and Airbnb could be disrupted and channeled into a decentralized service such as ATLANT, and said technology could accelerate both supply growth and utilization.ATLANT is the first decentralized real estate platform, built on top of the Ethereum network. With rapid rate of adaption of crypto-assets, ATLANT strives to remedy the situation of illiquidity and opaqueness in the real estate market.
ATLANT serves as a turnkey solution for listing a real estate asset for trading in a tokenized form in a similar way that stocks are listed on exchanges such as FTSE or DAX. ATLANT allows property owners and developers to tokenize their assets and list them for trading. ATLANT token holders will endeavor to find new properties and also accept incoming requests from such entities. Initially ATLANT plans to tokenize properties in select transparent jurisdictions such as continental Europe and UK, and eventually, as our expertise grows expand globally to capture further market share. Sourcing and diligence for each jurisdiction will be done in accordance with existing laws and procedures in each jurisdiction. ATLANT is developing a framework for each country which will be implemented and verified on the blockchain via digital signatures by respective local authorities. Property Token Offering Once a property has been identified and verified by local authorities, and its details published on the platform, a date will be set for the properties’ Property Token Offering (“PTO”). Price for the listing offer will be taken from the developer or selling party. Lawyers/trust companies who digitally signed all certificates and will be handling transfer of ownership are involved off the 24 http://atlant.io.Once a property has been identified and verified by local authorities, and its details published on the platform, a date will be set for the properties’ Property Token Offering (“PTO”).
Price for the listing offer will be taken from the developer or selling party. Lawyers/trust companies who digitally signed all certificates and will be handling transfer of ownership are involved off thechain with ATLANT supervising the process. All requisite documentation and offering documents will be published on ATLANT for prospective PTO holders to assess the property for potential purchase. Subscription will be handled via smart contracts and aggregated into a fund which will be collected via ATLANT escrow from the start of the PTO until expiry date set at the start of the process. If during this time period the fund has not reached capacity, ATLANT escrow will release tokens back to the addresses of the token holders. Should the fund reach capacity set forth by the seller, funds will be sent to the seller and PTO tokens will be distributed to the token holders of the property. Subsequently PTO tokens will be listed for trading on exchanges, starting from the decentralized ADEX exchange to increase liquidity and price discovery of the tokenized real estate asset.
website www.atlant.io
ANN thread:https://bitcointalk.org/index.php?topic=2053239.0