DOMINIUM: REAL ESTATE BLOCKCHAIN SOLUTION

in #dominium6 years ago

In 2018 a survey was carried out by MSCI on global real estate market, the real estate market size report that the market grew 15% in just one year from $7.4 trillion in 2016 to $8.5 trillion in 2017. Indicating that real estate is one of the simplest and safest ways to invest money in this our modern world,adding to its high return on income it also provide security to investors and is a hedge against inflation, it is a physical asset that is very good for diversification, it is also non-volatile and more importantly risk free over a long period of time for everyone who wish to invest although experts are really not in support just anyone going into it. But in all of this benefits there pose a serious challenge that limits its use easily, the main issue with real estate investment is illiquidity which means that money in real estate is almost tied up in long term investment and is difficult to enter or leave those direct investments. Also the road block to its entry is high, requiring a high net worth or significant coordination from many persons.

CRYPTOCURRENCY IN REAL ESTATE INVESTMENT
Mainly real estate investment requires buying of house or condo to be used as a rental property. Yet there are more in this investment which includes; Real estate exchange traded fund (ETF), Real estate mutual funds and Real estate investment trust (REIT). But this recent housing market requires a long time of modern developments for it to be a mature market. Unlike it crypto currencies have added a new economic force to this investment where a few have accepted the use of Bitcoin or other crypto currencies as payment for houses. The fear of sudden change has stopped many to adopt the use of crypto currency for payment for real estate even if its transaction continues to grow, and for it to be generally accepted in the housing market it needs to gain enough stability. However blockchain technology has the potential to transform many areas of the real estate market. According to Forbes blockchain can improve real estate market in these three areas;

  1. MLS property data
  2. Title records
  3. Transactions
    Because property management is not an easy task, property managers are required to make marking decisions, respond to tenant request, process rent, schedule maintenance, maintain records and comply with government filling requirements, understand financial statements and profit/loss and manage landscaping, electrical, plumbing for them to successfully meet up their responsibilities of marketing and finance, facility, occupancy and tenant, and risk management in addition to administrative tasks. The entire property management industry including financing, management and support can be carried out by Blockchain technology. According to a survey carried out by World Economic Form in 2018 it was found out that a vast majority believe that 10% of the global GDB will be stored with blockchain by 2025. Little wonder industry players now realize how blockchain can play a big part in real estate dealings.

DOMINIUM AS THE SOLUTION

Dominium two main multi-lingual platforms help open the market to multiple nationalities, affordable levels and listing agents, so that listing, property management and property finance can be placed on the platform to simplify and facilitate trade with a standardized regulatory complaint documentation system.The first dominium platform is for real estate investment where investors can be part of the market with very little token. A peer to peer fund trading between investors with no third party is allowed on this platform as far as the users are identified and whitelisted for adherence to jurisdictional regulation purpose. The second dominium platform for managing of individual properties with blockchain technology utilization, all including tenants, property managers, and real estate professionals can record their information on the blockchain so that another individual cannot penetrate and change this information for personal benefits,making the property management and rental business smoother and more advanced.

TOKENS
Even if fees charged on Dominium platform are charged in Euro the DOM token will be used to pay for all activities on the platform, whether it is creation of assets, creation of support tickets, registering a rental agreement, trading of asset, voting for charities, listing a property for rent, registering a purchase agreement or listing a property for sale. Fund allocations will be for the best possible use as money that is raised from the sale of DOM tokens during the pre-initial token offering will be used to finalize the restructuring of the companies, complete Dominium in preparation for the ITO and pay for ITO marketing. Funds are also allocated for maintenance and development of the platform, which includes addition of more languages, regulatory jurisdiction and keeping up with potential changes in law and support of charity organizations.
For the value of the Dom token to keep improving there should be a steady demand for it and a diminishing supply. And a buy-back program has been setup to this regard where Dom tokens will be bought back by Dominium B.V. and taken out of circulation from the public and destroyed annually or as required, which will always be announced.

PRICES AND DISTRIBUTION
Pre-Initial Token Offering
• 100,000,000 DOM tokens at 0.05 euros per DOM token
Whitelist opened on 1st of July 2018 and payment for reservation of whitelist was from 14th of August 2018, Public pre-ITO sales was on the 15th of August and acceptable currencies where EUR, BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS.
Initial Token Offering
• 500,000,000 DOM tokens at various prices are as follow
Phase 1 (started from 3rd of September 2018)
0 to 125,000,000 DOM tokens at 0.10 euros per DOM token
Phase 2 (starting as soon as the 125,000,000 DOM tokens are sold out from phase 1)
125,000,001 to 250,000,000 DOM tokens at 0.15 euros per DOM token
Phase 3 (starting as soon as 125,000,000 DOM tokens from phase 2 are sold out)
250,000,001 to 375,000,000 DOM tokens at 0.20 euros per DOM token
Phase 4 (starting as soon as the 125,000,000 DOM tokens from phase 3 are sold out)
375,000,001 to 500,000,000 DOM tokens at 0.25 euros per DOM token
Other Distributions
• Referral Program – 40,000,000 DOM tokens
• Airdrop – 40,000,000 DOM tokens
• Bounty program – 20,000,000 DOM tokens
Remaining Tokens
• Founders 100,000,000
• Directors 25,000,000
• Advisors 25,000,000
The remaining 50,000,000 is kept on reserves for addition to the team and bonuses and marketing purposes.

CONCLUSION
Dominium Blockchain technology helps individuals in the real estate ecosystem to securely and accurately share money and data. Cutting out the use of middlemen and reducing the risk of fraud and theft, it makes information more accessible making it a trusted and faster process for buying and selling of properties. Being an early part of this fast growing company that want to change the real estate industry worldwide is really worth it and will indeed yield rich rewards. Why not be part of us.

For more information visit:
Ann thread: https://bitcointalk.org/index.php?topic=4989887.msg45009988#msg45009988
Website: https://dominium.me/
Whitepaper: https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020180710_0.pdf
Twitter: https://twitter.com/Dominium_me
Facebook: https://www.facebook.com/Dominium.me/
Telegram: https://t.me/dominium_en
Medium: https://medium.com/dominium
Published by Delightme
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=1860734

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