Global Reit ICO Review- Real Estate on the Blockchain

Global Reit ICO Review- Real Estate on the Blockchain


global reit ico.jpg



What is Global REIT?
Global REIT is the first ever Blockchain-Based Sharia-Compliant REIT to be launched in the market. It works on the same mechanism as traditional REITs. REITs as you know offer dividends to its unit holders based on the income of its Assets under Management. Each subscriber will get 2 tokens upon subscription " - GREM - GRET Both GREM & GRET tokens are utility tokens & will provide future access to all its Assets under Management. Where token holders will receive discounts and benefits. Global REIT is welcoming its subscribers to participate both in the Fund Manager (GREM) returns as well as the income on the Assets under Management (GRET).
Global REIT is the first ever Blockchain based Sharia-compliant REIT to be launched in the market. It is offering investors exposure to global real estate markets without the necessity of acquiring an entire property and shift the management and compliance obligations to the fund management. Global REIT will acquire assets starting from U.A.E. and rapidly enter properties in jurisdictions worldwide. The first Asset under Management (AUM) will have a Net Asset Value (NAV) of USD 75 million and the total portfolio value of Global REIT is projected to reach USD 10 billion by end of 5 years.
The ICO of Global REIT will offer Dual Utility tokens to its subscribers –
  1. Global REIT Fund Manager Token (GREM) and
  2. Global REIT Asset Token (GRET)
This means that each subscriber will get share in the Fund Management Company (GREM) returns and the Asset Owning Company (GRET) returns besides the utility attached with both the tokens. In the Pre-ICO stage, bonus tokens are offered to subscribers in 4 tranches with the maximum bonus tokens given to those subscribing in the 1st Tranche. Ethereum (ERC-20), Bitcoin (BTC) and Fiat Currency will be accepted for subscription to these tokens and in return, the dividends will be paid in USD and USDT (Tether).
Global REIT is about to create true diversification across multiple real estate asset classes to enable users to invest seamlessly into a broad asset-backed portfolio. Our vision is to not only revolutionize the REIT industry within focused regions and geographies but to create a diverse and vibrant platform for assets from multiple REITs across the globe to plug into, unlocking a wave of cross-investment potential and opportunities worldwide. GlobalREIT’s infrastructure, and in particular the Asset Management Module, is built on top of the Ethereum network. Asset owners and worldwide REITS can register their assets with our Fund Manager, bringing the asset under our management and in turn being listed for broad-scale investment opportunities on our platform. GlobalREIT will run deep background checks and follow all KYC compliance with evaluators before listing any property. Investors will have a list of highly diversified world class assets to choose from with all details listed on the platform such as exchange rates, NAVs, dividends, hold intervals, and minimum investments. This comprehensive view will give investors comparative oversight into investment opportunities unlike any other REIT or platform before, thereby unlocking a new wave of potential investment.
Screen Shot 2018-04-28 at 2.23.12 AM.png
For a successful blockchain based REIT to function, proof of asset ownership is a vital component in the value chain. Our proprietary protocol to ingest real estate assets and tokenize them via a smart contract lies at the heart of the system. The architecture of the system is based upon developing a smart contract to establish trust between three key parties: 1) The Investor, 2) The Asset Owner (or broker), and 3) The GlobalREIT Fund Management Company The investor deposits either Ethereum or Bitcoin into the contract while the asset owner or broker registers their asset with the GlobalREIT Fund Manager (GRFM). The GRFM then proves receipt of the asset in notarized form and the investor can be confident that the contract will activate only when the validity of the asset has been established via the smart contract. At that stage, the investment currency is passed over to the asset owner and in return, an asset backed token, GRET, is issued to the investor. The token implements the ERC20 protocol and can be traded on all global exchanges listing the coin.
Project Team:
Screen Shot 2018-04-28 at 12.28.45 AM.png
Token Details:
The token holders of GREM and GRET will get future access to all Assets Under Management (AUM) of Global REIT. Regarding the Hospitality Assets, token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year. Furthermore, reward points will be offered in the Loyalty Programs attached with its AUM and these points can be used to avail free services up to a certain limit.
Token GRET
PreICO Price 1 GRET = 1 USD
Price 1 GRET = 1 USD
Platform Ethereum
Accepting ETH,BTC, Fiat
Minimum investment 100 USD
Soft cap 5,000,000 USD
Hard cap 20,000,000 USD
Country United Arab Emirates
Whitelist/KYC KYC & Whitelist
Restricted areas USA, Japan
Verdict:
Global REIT is the first ever Blockchain-Based Sharia-Compliant REIT to be launched in the market. It is supported by a team of talented people with huge experience from conceptualizing to the design and client support which proves to be a winning combination.
Fore More Information: 

AUTHOR: Vionaa
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=1663173

Komentar

Posting Komentar

Postingan populer dari blog ini

Dentacoin pre-sale list

Gambar
Dentacoin pre-sale list https://www.dentacoin.com/ Dentacoin is a Ethereal based blockchain platform governed by Smart Contracts that supports Denta Community by building and creating solutions aimed at the same goal - to improve the quality of dental care around the world with cryptococcal value.  Blockchain gives us the power to change our world for the better.  Dentacoin develops a dental ecosystem, creating market intelligence through a cryptococcal reward system, an important key to inspiring people's participation. Dentacoin is the first Cryptocurrency that uses a decentralized review platform and rewards transparently to patients and dentists who contribute to society.  The Dentacoin Foundation team believes in building a future health industry in the hands of the people that will disrupt the development of existing industries and create new ones in the near and long term.  Going forward, we hope the Dentacoin platform forms the foundation for a world of qualit
Baca selengkapnya

Vаluеѕ, A Mеtаvеrѕе Rеѕеrvе Prоtосоl bаѕеd оn Pоlуgоn Nеtwоrk.

Gambar
  INTRODUCTION Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct. About Metaverse Values is Metaverse Reserve Protocol on
Baca selengkapnya

Bitseries platform supports All the major currencies

Gambar
  A growing number of individuals are becoming aware of cryptocurrencies, and an increasing number of people are interested in learning more about them and figuring out how to become a part of them. When blockchain technology was introduced, a slew of things changed, most of them for the better, we believe. So many firms have improved as a result of this, and so many enterprises have begun to use cryptocurrency in their daily operations. Every day, there are fresh concepts to consider. People are eager to put their money into new initiatives. We have access to the most powerful tool on the planet, which is known as the Internet. The internet is a vast repository of knowledge that allows us to accomplish whatever we want. The Internet has brought the whole globe together. One of these projects is BITSERIES, whose primary goal is to enable users to conduct fast and secure transactions through their mobile platform. The Bitseries platform supports all of the major coins and tokens, as wel
Baca selengkapnya