RealtyReturns - Cross-Border Blockchain-based Real Estate Marketplace!
Hi everyone ! Today I would like to introduce to you a great ICO project that I just found, that is the project ICO RealtyReturns!
What is RealtyReturns?
The world is exploding with the industrial revolution 4.0, blockchain technology is slowly changing people's lives. This presents many challenges and new opportunities for investors. Blockchain technology is slowly changing the traditional investment fields because of its disadvantages, and the area I want to talk about here is real estate marketplace. The traditional real estate investing market is antiquated. The times of needing large, onhand capital reserves to invest in promising real estate is over. Technology has brought the world closer together, but it has also given people the access, the means and the liquidity to participate in previously out of reach investment opportunities, typically reserved for the wealthy and well connected. If you are experiencing this problem do not worry because I will give you a solution to this problem. That is RealtyReturns!
RealtyReturns is addressing this by allowing people, such as yourself to invest in vetted and promising income generating real estate properties using cryptocurrency.
RealtyReturns is building a security token with a decentralized compliance protocol to create an industry standard for how asset-based tokens are issued and traded on the blockchain. The Returns Token is an open-source ERC-20 token on the Ethereum blockchain.
Legal framework for real estate investment
Investors will purchase Returns Tokens that represent ownership/membership units of the LLC that holds title to the property and they will be able to hold the security tokens in their wallets or trade them via a secondary transaction to another buyer. Subject to LLC articles/bylaws, the security tokens will produce income in Ethereum which will be automatically transferred on a recurring basis to the specific wallet which holds the security token as well as the corresponding Access Token.
Legal framework
Token Crowd-Sale
Start date: October 23rd, 2018
100 Million @$0,15
40 Million @$0,30
40 Million @$0,50
10 Million @$0,80
Marrketplace control room
The first implementation of the Governor Service requires an off-chain marketplace control room to update its permissions as well as add newly approved investors. RealtyReturns will initially act as the marketplace control room and will enable decentralization of this role to third party platforms in the future.
The marketplace control room determines the status of the permissions. It maps investors data against relevant securities regulations, KYC/AML policies, and tax laws to determine whether the token is locked/ unlocked and whether any trading is allowed or disallowed. These token-level permissions are then updated in the Governor Service.
Only the marketplace control room and team can correct private/ public key pairings or make changes to the Governor Service.
The team
These are wonderful people, I believe they will develop a successful project!
Conclusion
Vision of RealtyReturns is an open-source token standard for transferring crypto real estate securities on the blockchain in a legally compiant manner. The Returns Token can only transfer when Governor Service approves it. The Governor Service has the permissions needed for all regulatory comnpliance and also relays on off-chain marketplace control room to keep the code updated in this rapidly changing legal and technical climate. Due to their programming with the right rules set, the Returns Token enables ERC-20 tokens to become compliant crypto real estate securities that can be traded across any ERC-20 compatible platform.
Looking at what the RealtyReturns project is doing, I think you should be involved in this project! Invest your money wisely. It's your decision!
You can find out more about the project at:
Website: https://realtyreturns.io/
Bitcointalk thread: https://bitcointalk.org/index.php?topic=4762177.0
Facebook: https://web.facebook.com/RealtyReturns/
Twitter: https://twitter.com/realtyreturns
Telegram: https://t.me/realtyreturnsglobal
Bitcointalk Username: symwofl125
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2092094