SATIN | provide a decentralized payment method for real estate assets
Given blockchain’s disruption of financial services and subsequent widespread application across industries, it’s hard to find a segment that has not been influenced by the technology. Cryptocurrencies have made a strong impact on payments, remittances, and foreign exchange. Initial coin offerings (ICOs) have challenged stock investing, startup loans, and venture capital. Even the food supply chain industry has been upended by blockchain.
Real estate hasn’t escaped blockchain disruption either. Previously, transacting high value assets such as real estate exclusively through digital channels has never been the norm. Real estate transactions are often conducted offline involving face-to-face engagements with various entities. Blockchain, however, opened up ways to change this. The introduction of smart contracts in blockchain platforms now allows assets like real estate to be tokenized and be traded like cryptocurrencies like bitcoin and ether.
SATIN Is A Solution Provider
Like Bitcoin, SATIN is a utility cryptocurrency that is designed to solve problems in the real estate industry. It will be a universal cryptocurrency that will cover tangible and intangible goods. This is important because SATIN allocates only 9% of its tokens to its founders, unlike other ICOs that give up 20% of their tokens. The Founders of SATIN are also responsible for ensuring that they are paid.The Satin token is a good example of this. A utility cryptocurrency token is a currency that is designed to provide service to people. A good example of a utility cryptocurrency is a digital asset that is tied to a physical asset. This kind of digital currency is called a security token. In the case of a security token, the value of the cryptocurrency is tied to another external asset. For example, a token can be used to purchase a specific product.
Satin was created as a way to pay for real estate
The company has a highly-developed Tokenomics that makes it unique from other cryptocurrencies. They have developed tools that will help the tokens remain stable and safe for their holders. At launch, SATIN will be exchangeable for BNB and other cryptocurrencies. It will also be listed on several top exchanges. There are some benefits to using SATIN tokens in the real estate industry.Satin is a utility cryptocurrency token that is based on the BEP-20 token standard on the Binance Smart Chain. The project's goal is to make it possible for anyone to use their SATIN to purchase tangible and non-tangible assets. The tokens will be sold at a discounted price, and founders will only hold 9% of the total supply. Additionally, a portion of SATIN tokens will be burned each year as inflation increases their value.
SATIN has been keeping a very close eye on this emerging technology and they have been waiting for the opportune moment to take advantage of the many benefits it offers. This technology not only gives us another secure method of payment but also has some very distinct advantages over more traditional forms of payment.
- Lower transaction fees
Cryptocurrency transaction fees are much lower than many forms of traditional forms of payment. This eliminates the need for bank or credit card charges.
- Instant payments
Traditional payment methods such as credit cards and bank wire payments can often take days or sometimes even weeks to come through. Cryptocurrencies can be transferred virtually instantaneously and are incredibly secure as a form of payment.
- No barriers:
Cryptocurrency is more accessible for international trade. It removes the complication of transferring money between countries and allows investors from around the world to buy real estate in a currency they are already familiar with.
- Attract new customers:
Cryptocurrency has been growing in popularity recently among global investors. By offering our services to crypto users, we are allowing a new generation of investors to begin their real estate investment journey with SATIN.
- Cryptocurrency is your own property
Just like traditional cash, Cryptocurrency is stored in a wallet - only this time it’s your own digital wallet. As long as you know the password/passphrase of your digital wallet, the cryptocurrency you hold is completely under your management and no one else can use it.
This is a sharp contrast to any money that you put in a bank account, which is no longer yours from a legal standpoint. When you deposit money to a bank, you actually become a creditor of the bank which then manages your money on your behalf.
In traditional transactions that you carry out with ‘your money’, the bank acts as an intermediary between you and a third party. In these transactions, you trust that the bank will perform the transfer as you intended.
It works differently with cryptocurrencies as you immediately do business with other people without the intervention of a bank. Transactions with cryptocurrencies are peer-to-peer transactions and require no input from a third party.
- Integrity of transactions
Cryptocurrencies are an incredibly secure and trusted form of payment. This stems from the fact that you are no longer relying on a third party to perform the transaction but instead relying on computer code.
This has formed the frequently heard term in the crypto world: “trust the code”.
Trust is increased as more people use the cryptocurrency and better encryption is developed into the latest crypto code revisions. As more people trust and use a specific cryptocurrency, others will follow and start understanding the benefit of their use. This in turn gives more businesses the ability to confidently offer crypto payments to their customers.
- Full 24/7 traceability of transactions
Each transaction on the blockchain is verified by a decentralized network of devices (called nodes), with a timestamp and is then linked to the previous transaction. This creates a chronological series of transactions.
The register of these successive and irreversible transactions is continuously synchronized and updated on all devices participating in the blockchain network. This makes it impossible for a third party to manipulate the payment or for the sender to reverse their payment.
One of the benefits of blockchain technology is that anyone can verify the status of a given transaction. By using block explorer websites, you can follow a specific transaction and verify whether or not a transaction has taken place.
The Satin Token Network is a decentralized
Its infrastructure can be used by any person or company regardless of their location. The platform is a global infrastructure that can connect millions of users in any country. The network will provide a seamless exchange between companies. In addition, it will be a central hub for settlements and payments.Tokenisation may raise legal and operational risks. While account-based settlement systems have long mitigated these risks, the introduction of tokenised assets could reintroduce these risks. In addition, the legal basis for security tokens is not yet clear and cross-border transactions may pose legal complications. Nevertheless, it is a promising and innovative system. And it is already on the way to revolutionize the world of payments & settlement.The Satin Token Network is a distributed ledger, which is a distributed database of digital assets. Its network uses cryptographic algorithms to make the process of exchanges more efficient. The main advantage of this system is that it can be used by any type of industry, including financial institutions. In the future, these applications will not only enhance the payments and settlement processes, but also the world of trading.
Concluding remarks
Although there are many crypto launch pad platforms today, it is still evident in the new platforms with better performance and performance. SATIN provides an opportunity for new and innovative projects to raise capital by offering their tokens, thus helping small projects grow. This project, by auditing and selecting valuable projects, also provides an opportunity for investors to participate in the projects introduced on the platform with security and confidence. For a project to have a chance of being listed, it must pass a three-stage EDM audit, after which the project is considered for listing. In addition, SATIN has provided passive monetization on the platform. Looking at the above issues, it seems that SATIN has a great chance of success in this area, but only time will tell.
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3 More Information
• Website: https://satintoken.com/
• Twitter: https://twitter.com/SatinToken
• Telegram: https://t.me/satintoken
• Instagram: https://www.instagram.com/satin.token/