Alt.Estate - Blockchain Platform for Trading and Tokenizing Real Estate

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Alt.Estate - Blockchain Platform for Trading and Tokenizing Real Estate

Website: https://alt.estate

Alt.Estate is a blockchain platform to trade tokenized real estate. It allows anyone to easily build their own global portfolio of the best properties worldwide and become a real estate tycoon. The Alt.Estate team, with $400m worth of real estate deals in 2016, includes professionals with a strong background in investments, finance, marketing and operations. We are supported by advisors with worldwide expertise and transactions in real estate worth more than $3bn.

How It Works

Alt.Estate allows owners to tokenize real estate assets so that they can be sold in fractions:

An owner wants to sell his property or any fraction of it
A property is checked and appraised
Alt.Estate tokenizes the property virtually, dividing it into multiple fractions
Buyers purchase tokens representing fractions of the property
Various property-specific tokens are traded on Alt.Estate Platform (the prices are set by the balance of buy-and-sell orders)

Alt.Estate Platform Structure and ALT Token Circulation

ALT Token Sale Details

Price: 0.00001 ETH (1 ETH = 100,000 ALT). Hard cap: $30m.

Token Allocation

80% of all tokens will be distributed to the public. This will ensure long-term growth of the Alt.Estate Protocol:

60% of all tokens will be distributed during the crowdsale
20% of all tokens will be distributed for Alt.Estate network growth
20% of ALT Tokens created will be allocated to the Alt.Estate Team and Advisors
Team tokens will not be immediately tradable, further aligning team interests with focusing on the long-term goals of the company. Most of the team tokens are locked for one year (except for some advisors) and this lock-up is conditional on individual KPIs for each team member

Use of Proceeds

Crowdsale Details

The general public will get an opportunity to participate in Alt.Estate crowdsale, where
payments are rewarded with ALT tokens
Alt.Estate will begin the onboarding on the 1st of March
The ALT/ETH rate for the public crowdsale is 100,000 ALT per 1 ETH
ALT tokens will be distributed on the Ethereum blockchain pursuant to a related ERC20
smart contract in exchange for the payments received
The target crowdsale amount is $15m with a soft cap of $1m and a hard cap of $30m
Instructions on how buyers can participate will be made available closer to the crowdsale starting date

Milestone Plan Depends on Crowdsale Proceeds

The Alt.Estate business model is relatively capital-intensive due to the sourcing of deals, the vetting of deals, and the sourcing of capital. In order to reach each milestone, the previous milestones must be reached, and the ALT token crowdsale proceeds must exceed the indicated amount. The roadmap is drawn for proceeds equal to $30m (hard cap).

Roadmap

Whitepaper: https://alt.estate/upload/files/altestate_whitepaper.pdf

Advantages:

Low Entry Ticket

The ability to buy a 1/1,000 fraction of a property makes it accessible to anyone.

Low Transaction costs

Traditional costs of up to 30% of property price are eliminated with tokenization.

Global Portfolio

Individuals and institutions can buy or sell fractions of properties without borders.

Strong Expertise

The Alt.Estate team and advisors have more than $4bn worth of transaction experience in real estate. The diverse team background and expertise inspire breakthrough innovation.

Investment Portfolio

Even a small investor can diversify his portfolio by purchasing tokens of a Manhattan penthouse, a warehouse in Guangzhou, a coworking space in Amsterdam and villas in Bali.