IAT – Instant Assets Tokens
Introduction
Get ready for one of the most revolutionised ICOs of all time- Instant Assets Tokens (IAT). IAT is surely going to change the way real estate investments happen. The company behind the idea aims to make property investment easily available to the masses through the digitization of assets. IAT will solve a no of problems including- transaction costs, integrity & security, transparency, restrictions to foreign investors and a lot more. Unlike other ICOs that has its value pegged to the future profitability and sustainability of their business model, the IAT ICO is based on an existing profitable business model where we have the actual business operations already up and running.
The IAT ecosystem is set to revolutionize the traditional real estate market. In fact, this has been a largely untapped segment in the cryptocurrency market. Some of the utilities & benefits includes- Rental Payment, Partner Merchants, Purchase of Assets, Payment for Asset Management Services, Payment for Furnishing, Payment for Tax Advisory & Services, Payment for Legal Services, Payment for Agents/Brokers Commission, Listing of Assets for Sale or Rent, Receiving Rental/Sale Proceeds, Receiving Commission for Agents/Brokers.
The team behind this ICO is a relatively experienced one which leads one to believe that this token is going to be one of the most successful ones. The company will be generating revenue when agents/brokers utilizes NIAT on the IAT ecosystem for their client’s property listings. The company want to create an ecosystem where token holders freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio.
Companies behind IAT
DigiAssets Pte Ltd
DigiAssets Pte Ltd is a Singapore registered entity and will be the company wholly in charge of the management of Instant Assets Tokens (IAT).
Realty Beacon Philippines Inc.
Realty Beacon Philippines Inc. (RBPI) is a property management company registered in the Philippines and will be managing properties pegged to the IAT efforts discussed in this whitepaper. In the last five years, founders of the company have transacted over one 1 billion pesos worth of properties which essentially lead to the setting up of RBPI.
Why IAT?
For high-value transactions such as real estate, it is vital to ensure the integrity and accuracy of the records to prove the rightful owner of the said property. These records are used to protect the rights of the asset owner in the event of theft, frauds or dispute. In fact, some of the biggest legal cases due to frauds or dispute revolves around real estate.
Other problems include the time required for the actual transfer to happen (months usually) and the integrity of the escrows being used in the process even though the escrow is meant to provide protection for the buyer and seller in the exchange.
Utilizing one of the applications of the blockchain technology called “smart contracts”, transfer of the property rights can be done swiftly when the terms between all involved parties have been agreed. The technology will also be able to provide traditional property registries with an easier and faster way of managing their records.
Despite the potential profits of the real estate market, buyers face numerous problems and limitations. IAT, to maximize benefits and minimize losses people might incur, aims to solve the following through the adoption of the blockchain technology:
All Round Transactional Costs
Cutting out inflated costs by parties such as developers, taxes, brokers, and agents. The total cost of buying and selling a property in the Philippines is at times inflated to as high as 24% of the property value. We are looking to cut that total costs down by at least half.
Integrity and Security
The decentralized nature of the Blockchain technology ensures that records stored on it cannot be changed or controlled by a single source, thus providing security against malicious attacks such as hacking.
Transparency of Transfer
Information stored on the blockchain is accessible by all which makes the data transparent and immutable. The possibility of frauds and ownership dispute can be almost eliminated with the high degree of transparency.
Time and Cost Saving
Take Singapore for example, prices of subsidized government housing have shot through the roof in the last few years to a staggering US$750,000 which has caused the government to implement multiple rounds of cooling measures to curb the market growth.
Restrictions to Foreign Investors
Countries have been known to implement regulations to curb a growing real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from ballooning or forming a bubble. Take Singapore for example, prices of subsidized government housing have shot through the roof in the last few years to a staggering US$750,000 which has caused the government to implement multiple rounds of cooling measures to curb the market growth.
Solution for the problems- IAT
IAT plans to take a leading role in all facets of real estate locally and hopefully globally to make this a reality, starting with disrupting the rental and property market and tokenizing large real estate assets. The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and the asset management will be undertaken by our existing management company that is currently operational. The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia. With the numerous challenges involving real estate ownership, IAT deemed it necessary to find ways to make traditional property investing and management easier for investors.
HOW IAT solves the problem
There are two kinds of tokens serving the solution that the company provides.
Instant Assets Token (IAT)
This will be released via a process of ICO on the Ethereum network and will be ERC-20 compatible. Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. There is a total supply of 4,500,000,000 tokens and it will be pegged to US$0.01 per token.
Native Instant Assets Token (NIAT)
This will be the localized token equivalent of the IAT as it will only be usable within each individual real estate market and is pegged against the country’s native currency. To protect investors from volatility of the cryptocurrency market, NIAT will not be minted on its own but can only be purchased using IAT.
Tenants can pay their rental with NIAT and receive a discount. The company will also be looking to bring in various merchant partners into the IAT ecosystem so that NIAT can be spent for the merchants’ goods and services.
NIAT can also be used to purchase assets within the IAT ecosystem and token holders can opt to utilize NIAT to make payment for asset management services or engaging the services of tax advisors, lawyers or legal advisors.
In the event where commission is required to be paid to the property agent, token holders can choose to pay the commission with NIAT. Asset owners can also choose to receive rental or sale proceeds in the form of NIAT after listing the assets on the web portal.
In other words, NIAT will be the currency that fuels all the transactions happening on the IAT ecosystem. To provide liquidity, the company will continue to look for various channels of token utility to reduce the supply of the tokens and will reserve a portion of funds raised to create a liquidity pool for the purchase of NIAT using IAT.
Real World benefits of IAT
The IAT ecosystem encourages the use of NIAT for these benefits.
Rental Payment
Partner Merchants
Purchase of Assets
Payment for Asset Management Services
Payment for Furnishing
Payment for Tax Advisory & Services
Payment for Legal ServicesPayment for Agents/Brokers Commission
Listing of Assets for Sale or Rent
Receiving Rental/Sale Proceeds
Receiving Commission for Agents/Brokers
The IAT Tokens Ecosystem
We want to create an ecosystem where token holders freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio. As such, the company commits to acquire listing with various exchanges so as to facilitate the trading and liquidity of the tokens.
Liquidity of IA Tokens
We look towards maintaining the high liquidity of the IA tokens by creating various channels of token utility to reduce the supply of the tokens and acquiring quality properties to be digitized into the ecosystem of IAT.
Liquidity of NIAT
We will be reserving a portion of the funds raised to form a liquidity pool for the purchase of NIAT using the IA Tokens.Other benefits include the following:
Reduce exchange losses
Holders of their respective local NIAT will be able to send it to another user as long as the intended recipient has a wallet or account residing on the same local NIAT blockchain. This feature reduces the possibility of exchange losses since cryptocurrency is deemed to be much more volatile than the local fiat currency.
2. Scalability
A key factor of any successful business model is its degree and ease of scalability. By adopting a two (2) tokens system, the platform will be highly scalable since each respective country would have their own NIAT blockchain where the local NIAT will be pegged against the local fiat currency. In other words, only a new NIAT blockchain needs to be developed and integrated into the existing IAT ecosystem when we need to expand the platform to cater to a different market.
3. Interchangeability
The IAT ecosystem will allow end users to interchange between different local NIAT blockchain or back to IAT with ease by maintaining a liquidity pool. We believe that this will encourage the use of NIAT within the IAT ecosystem as well as improve the user experience for both the merchants and consumers.
4. Minimal Costs of Usage
NIAT resides on a local blockchain so there will be minimal or no costs at all when interchanging between IAT and NIAT, and since the liquidity pool is not meant to function as a centralized exchange it will not be charging the end users any “trading fees”.
Revenue Model
Unlike other ICOs that has its value pegged to the future profitability and sustainability of their business model, the IAT ICO is based on an existing profitable business model where we have the actual business operations already up and running. The IAT ecosystem is set to revolutionize the traditional real estate market. In fact, this has been a largely untapped segment in the cryptocurrency market.
Every acquisition that the company makes will focus on distressed, new projects, developments or purchase from existing owners who are motivated to sell. This is to ensure that the assets acquired are undervalued and that will also increase the rental revenue of the operation.
Leasing of Company Owned Assets
Revenue will be generated from the leasing activities of the assets under management which will be operational upon acquisition. Our existing property management company, Realty Beacon Philippines Inc. allows the leasing activities to be put in place almost immediately upon acquisition. The company will also be expanding the team to more effectively manage the newly acquired assets.
Selling of Company Owned Assets
The company may look at reselling a small portion of the assets under management which displays high profitability such as distress properties or joint development with landowners.
Property Management Services
The company will be promoting our property management services on the platform and additional revenue will be generated via add-on services such as the furnishing of the units.
Individual Owners
The company will be taking 5% of successful rental cases to ensure profitability and still remain advantageous for owners to continue using the platform. Channels and platforms such as Airbnb generally take about 15% to 20% from the owners
Agent/Broker Listing
The company will be generating revenue when agents/brokers utilizes NIAT on the IAT ecosystem for their client’s property listings.
Roadmap
Token Sale
IAT will be issued via a Token sale with a total supply of 4,500,000,000 IA Tokens. The price of the IA Tokens will be pegged to US$0.01 per token, ETH and BTC will be accepted. Value of tokens for sale will be US$20 million (inclusive of Early Investors, Pre-sale and Crowd-sale) with distribution according to the table below. Unsold IA Tokens (cap at 40,000,000 IA Tokens) will be given to charity organizations and remaining IA Tokens will be burned. Pre-Sale will commence in early April with the crowd sale subsequently commencing in 15 June 2018.
Reserved Tokens
The allocation of reserved tokens is targeted at increasing the overall portfolio value of the company by acquiring more assets mainly targeted at the co-working space segment. However, the reserved tokens will only be released and made available for usage when assets acquired from utilising the funds of the initial tokens sale has reached a minimum of 50% occupancy rate.
Funds Allocation
IATokens Info on :
Website : https://www.iatokens.com
Whitepaper : https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter : https://twitter.com/IA_Tokens
Facebook : https://www.facebook.com/IATOfficial/
Telegram : https://t.me/iatokens
Author
Bitcointalk Username: anilsaini0327
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1864875
ETH Address: 0x577975a52D0DC2D46625182F899Da67B39FefdF2
