INFRACOINS - The Real Estate Platform

misteroladipo (28)in #ico • 6 years ago

INTRODUCTION

InfraCoins embraces this technology to open a decentralized marketplace in the hotel booking and property sector. Harnessing existing technologies and concepts – hotels and accommodation listings, online booking and purchasing, and by building the first integrated marketplace that uses the decentralized INF ledger, InfraCoins.com will challenge the market dominance of online hotel booking aggregators, property brokers, travel agents, and payment processors.

InfraCoins provides a platform that charges low transaction fees, as it brings the consumer and producer together with no third party involved, thus providing direct benefit to both the parties.

We believe that to a large extent, this is due to the misbalance between the complexity of the technical aspects of the projects and the actual business use of the services that users are not able to validate within a reasonable amount of time after the token sale. Waiting 2 years for a technology to be developed and then to begin thinking on how other businesses can adopt that technology seems to be a challenging concept.
This is why our goal is to launch a decentralized engine in combination with a user-friendly marketplace which will be fully integrated to the engine as an immediate proof of concept.

WHAT IS INFRACOIN?

InfraCoins is a decentralized property listing ecosystem that will use blockchain technology to make the listing process less costly, more convenient and secure. InfraCoins technology reduces traditional frustrations, scam rates, time delays, and friction points in the hotel booking and rental process to benefit both customers and clients. Although the costs and characteristics of housing and hotels vary across the world, residents of many countries experience the same problems in the long-term rental and hotel accommodation space.
InfraCoins mission is to offer a solution that will be equally efficient for residents across international borders.

The Ethereum blockchain, used by InfraCoins, is especially dedicated to the development and application of smart
contracts. Ethereum is an open blockchain that works as a decentralized computer, and as such, its source code is nonproprietary and visible to all. Although Ethereum has its own cryptocurrency (Ether or ETH), it also accommodates
other cryptocurrencies. InfraCoins adheres to the standards of the Ethereum blockchain (ERC20) and shares with
Ethereum a philosophy of creating access and transparency.

BENEFITS OF BLOCKCHAIN FOR INFRACOINS:

NEAR REAL-TIME
Blockchain allows for very close and real-time completion of transaction logging, elimination of friction and risk reduction, but it is also able to limit to recharge.
WHICH IS NOT DPT TRUSTED ENVIRONMENT
Blockchain technology is based on cryptography as proof, allowing two parties to transact directly with each other do not require a trusted third party.
DISTRIBUTED BIG BOOK
Peer to peer distributed historical recording network transactions. Blockchain is distributed and very available; defence of security resources proof of transaction.
STAY BACK
Blockchain contains certain records and can be verified from every existing and created transaction, reducing the risk of multiple expenses, fraud, misuse, and transaction manipulation
RESISTANT SENSOR
The crypto economy built into the blockchain model provides incentives for Participants continue to validate the block, reducing the possibility of external influencers to modify previously recorded transaction records.

HOW IT WORKS?

The Decentralized INF Ledger is the engine that regulates all transactions and relationships between the hotels/property providers and the clients. In its core, there are going to be rules and operations governed by smart contracts which will be deployed in the Ethereum Virtual Machine.

List Properties: Users upload the property listing on the INF blockchain; free of charge,InfraCoins allows users across the platform to freely access data and also make transactions using INF Tokens.
Financial Evaluation: InfraCoins will perform the KYC of the user digitally within minutes, by validating the documents and identification proof using AI and NLP. Once the KYC is approved, then users will be provided a trustworthy score, which can help the lender make the right decision of proceeding with the transaction.
Hotel Bookings: On booking of hotel a smart contract will be triggered (agreement), which includes details such as price,hotel details and cancellation policy. Based on the terms of the contract, the smart contract initiates the payments from customer.On checkout the contract triggers the payment to the hotel.

TOKEN DETAILS

The soft cap is set as 3,000,000 USD as we believe this is a minimal amount to allow for InfraCoins to set up the company and make a suitable investment into the real estate market.