Rego: The Omnipresent BMV Market
Land as a commodity:
From ancient times, the measure of wealth was in terms of land. Because money could be robbed, jewels could be stolen, but land couldn't be taken away. Moreover it could be passed on for generations and in turn help children and grandchildren.
Real estate is the best investment as it becomes more valuable with the passage of time. It gives guaranteed returns, no matter what. Real estate in the present time has become highly commercialized and technology is such that you can buy land online. Property buying and selling is a highly profitable trade as everyone wants to claim their share of the Earth.
Current scenario of real estate market:
Real estate in different economies has different life cycles. Due to industrialization in various areas, the demand of the property keeps changing. It is easy to keep tabs of such changes within the country. But foreign investments of real estate, especially the ones below market price, is a difficult and tedious process. Access to high quality property at low prices is a like winning a lottery ticket. Such properties when found online, do not have a clear cut policy, hence the transparency of the transaction comes under question, conversion of currency is difficult and finding out about such property is not easy as there aren't enough sources connecting the international market of real estate in various countries. These properties aren't listed properly and even if they are, it is sold to a person from the same country before the news even reaches to someone out of the country. The middlemen and their unnecessary charges adds to the cost and thus it also becomes an expensive process.
How does Rego work:
Rego is a startup that helps people enter into the international real estate market, by providing a platform that lists the properties being sold below the market price in various countries, with the help of blockchain technology, cryptocurrency and smart contracts such that the property listing, property management and property development and other processes are sealed through smart contracts. The public blockchain and distributed market provides complete transparency, immutability along with safety and security.
The blockchain has multiple nodes that ensure the legitimacy of the property to be sold, it stores all the data in the secure system and transacts money via Rego tokens. Rego tokens are an ERC-20 token that will be stored in RegoWallet through which all the transactions would be paid. This is a peer to peer business model which would cut down the need for middlemen, reducing the costs of the dealings manifold.
Conclusion:
Rego is a blessing for such people who aren't able to invest in property due to their high market prices. It provides an easy interface such that novices can also understand and use the platform for a safe and secure investment. The team of highly qualified professionals that include blockchain experts set a goal to disrupt and decentralize the current real estate market and bring it to the reach of a diverse variety of people, such that more people have a secured investment in their
Website - https://regotoken.io/
Whitepaper - https://regotoken.io/wp-content/uploads/2018/05/15-May-Rego.pdf
ANN - https://bitcointalk.org/index.php?topic=3375704.0
Telegram - https://t.me/REGOtokenICO
Published by- wilsonbyrne
Profile - https://bitcointalk.org/index.php?action=profile;u=1936048