DOMINIUM-The decentralised, regulated property financing and management platform

mylane (44)in #crypto • 6 years ago (edited)

INTRODUCTION
Real estate is one of the safest and simplest way of investing money. Investment in real estate can be made by the simple purchase of a house or condone that is to be used as a property or through real estate exchange-traded fund (ETF), real estate mutual funds and real estate investment trust (REIT). One of the main setback that has characterized this sector is liquidity. Also, the business requires an individual that is financially buoyant or significant coordination from less affluent individuals, thus this create a barrier of entry.

Since the birth of bitcoins, other cryptocurrencies and blockchain technology has continue to arise and real estate market is one of such areas blockchain technology has been deployed. Blockchain technology, through its decentralization and impregnable cryptography, has the potential to radically transform multiple areas of real estate market. On the other hand, volatility has prevented the wide spread adoption of cryptocurrencies as payment for real estate. This is why the team at Dominium has come up with a solution to address these issues.

WHAT IS DOMINIUM?

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Dominium is a project that seeks to improve the real estate sector by incorporating blockchain technology in various aspects of the industry such as finance, listing and property management. The platform is currently running on alpha and has over 35,000 users. Dominium is going to revolutionize the real estate industry and become a leading property platform in the world, with a suite of tools to help individuals and professionals perform real estate transactions, from buying an apartment to setting up a regulated property fund. Blockchain technology based on the Ardor platform will allow Dominium users to perform all manner of property of property transaction quickly, inexpensively and with the transparency of the digital ledger that underlies its technology.

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Dominium offers two main platform as service. The first one is for investing in the sector. It will be characterized by tokenization and the use of blockchain technology which will enable anyone to participate in the market by buying one share or token. The decentralized Asset Exchange will allow anyone to invest in the sector, thus eliminating the barrier of entry. The second platform is for managing individual properties, real estate professionals, agents, tenants and property manager. It will store data on the blockchain and such decentralized data will be unchangeable, impenetrable and transparent.

REGULATION
Dominium will comply with basic governmental regulations such as Know-Your-Customer (KYC) and Anti-Money Laundry (AML) laws. Also, participants are required to register on the platform and verify their accounts in order to unlock full platform functionality.

DOMINIUM TOKEN
The utility token that will power the Dominium ecosystem is called DOM. Users will be able to use it pay for transactions on the platform as well as creation of assets, trading assets, creation of support tickets, voting for charities, listing a property for sale, listing a property for rent, registering a rental agreement, registering a purchase agreement.

INITIAL TOKEN OFFERING (ITO)
Symbol: DOM token
Type: Utility token
Seed round:
100,000,000 DOM tokens (sold out)

Pre-ITO start date: August 15, 2018.
100,000,000 DOM tokens at €0.05 per DOM token (Closed).

ITO phase I start date: September 3, 2018 at 12:00 CET
€0.10 per DOM token until 125,000,000 sold.

ITO phase II
€0.15 per DOM token until 250,000,000 DOM sold.

ITO phase III
€0.20 per DOM token until 375,000,000 DOM sold.

ITO phase IV
€0.25 per DOM token until 500,000,000 DOM sold.

Minimum purchases are: $7.5, $15, $22.50 and $30 (dollars) for corresponding ITO phases.

Maximum purchase: There are no maximum.

Token sale end date:
31st of December 2018 (12:00 CET)

Soft cap: €2,500,000
Hard cap: €92,500,000
Total supply: 1,000,000,000 DOM token.

Currency accepted: IGNIS, ARDR, NST, BNB, LTC, BCH, ETH, BTC and EURO.

Dominium is going to secure the token value by limiting its supply and later diminish it further. Tokens used on the platform to pay for transactions will be taken out of circulation and destroyed. Also, Dominium will buy back DOM tokens on a regular basis from holders, further diminishing its supply. Currently, there are over 35,000 registered users on the Dominium and the platform is still on alpha. The team is confident that with all affordable tools put in place and services provided, Dom tokens would have high market value.

TOKEN ALLOCATION
Seed round:10% (completed)
Pre-ITO: 10%
ITO: 50%
Airdrop/Referrals/Bounties/Bonusses: 10%
Founders & Team: 20%

CONCLUSION
Dominium is going revolutionize the property management industry and usher in a era where investors from all works of life and corners of the world can put in their money in a fully liquidated marketplace and through the power of blockchain, transactions are recorded, immutable and transparent. This will bring a solution to the problems that have plagued the industry and also set a bench mark for other similar platforms to follow.

THE TEAM