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With housing facilities and office complex be in high demand in most country around the world,it is mostly known to many that real estate investment is one of the most profitable, secured way of investment. However, traditional real estate investment models have immense difficulties to entry. In is even more difficult if you are a foreign investors, their a lot of bottleneck regulations you will have to pass through that even makes investing in foreign countries real estate markets less attractive. Getting access to funding is also a problem that we can't overlook.
Global REIT aims to solve these problems by bringing a blockchain based solutions that conforms with Sharia ethics and Islamic law. The question now is what is Global REIT?
REIT can be define as real estate investment trust- It is a company that owns, operates or finances income-producing real estate, they are platform for diversifying a long-term investment portfolio. Global REIT on the other hand is the first ever Blockchain-Based Sharia-Compliant REIT to be launched in the market. It aims to offer alternative investment opportunities for Cryptocurrency investors and Real Estate investors.
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 have built a world class robust platform on the Ethereum blockchain, leveraging the strengths of smart contracts to create custom asset tokens (GRET). The GRET token is based off the ERC20 standard, thereby making it fully tradable on all token exchange platforms, unlocking rapid, simpler, cheaper, and more secure trading than traditional REITs. This enables investors of all sizes to now hedge their risks not only in FIAT currencies, but in real assets instead. In addition to the GRET, our platform also enables a secondary token on the ERC20 standard called GREM. This globally tradable token allows investors to partake directly in the Global REIT Fund Manager dividends, similar to how traditional REITs are structured. Together, both the GRET and the GREM offer a turnkey solution to revolutionize real estate investments, making them accessible to multiple classes of investors.
The ICO of Global REIT will offer Dual Utility tokens to its subscribers –
Global REIT Fund Manager Token (GREM)
Global REIT Asset Token (GRET)
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.
Another utility for token holders of GREM is that those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in crypto domain. These tokens can either be bought from the Fund Manager (GREM) or from the Open Market. The settlement of such acquisition will be done in any crypto currency and the capital base will be open ended.
The pre-ICO sale opened on 1st May 2018 and will end on 31st May 2018. Bonuses are available during this period. The public ICO will open on 1st June 2018 and will close on 30th June 2018. Below are the details:
GREM Total Supply: 200 million
GRET Total Supply: 75million
GREM ICO Supply: 21,428,571
GRET ICO Supply: 4,500,000
GREM ICO Price: 1 GREM = $0.07 USD
GRET ICO Price: 1 GRET = $1.00 USD
Platform: Ethereum
Minimum Investment: 100 USD
Currencies Aceepted: BTC, ETH and Fiats
Soft Cap: 5,000,000 USD
Hard Cap: 20,000,000 USD
Country: UAE
Restrited: USA and Japan
GREM distribution
Fund manager: 55%
Pre-ICO: 29%
Public ICO: 11%
Advisors: 5%
GRET distribution
Asset contributor: 78%
Pre-ICO: 16%
Public ICO: 6%
Ratings
This project is rated by the following ICO rating sites
ICO BENCH 4.3/5
ICORATING 4.6/5
ICO MARKS 9.0/10
Conclusion
Bringing Blockchain into Real Estate investment is an exceptional idea as we all know that Real Estate is one of the most profitable and less risky investment. I see this project this project unique and am optimistic about its success in the long run. This is a project Cryptocurrency and Real estate investors can't afford to miss because it promised to give what traditional REITs can't afford to give to their investors.
For more on this project, visit any of these:
Reviewed By Adebits
Bitcointalk Username: Adebits
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1249179
ETH Address: 0xCadEB66B39cEeCc12630f85a0739De723bbDB5Ab
