Find out how a project called Global REIT can transform the way in which investors and individuals interact with the real estate industry.
When most of us hear the word blockchain or any other one related to this technology, we instantly think of cryptocurrencies. However, this should not be the case - applications of this platform are numerous; until now, we have probably just scratched the surface of everything that the blockchain means to our global industries and economies. So, in this context, it should be of no surprise when we hear of new concepts and projects that wish to incorporate blockchain into various domains of activity and solve a series of complicated issues, in doing so. Read in today’s article how such a bold project aims to design and promote methods to tokenise the real estate investment trusts (REITs):
The future is now, seize it!
Introducing Global REIT - an innovative and modern blockchain-based Sharia-Compliant REIT built for the international real estate market (and is soon to be launched).
How does it work and what makes it so unique?
Global REIT discovered that the best mechanism it can choose for functioning is the one that all traditional REITs have installed - operating as a public shareholding platform that repays its users (the investors that are also units holders) with dividends. This rewarding system is directed according to the income that is generated by the entire set of assets it has in possession/it manages. Still, Global REIT adds something more to this equation - it opens the door for individuals and companies to take part in this investment process, thus eliminating previous barriers of the closed REIT systems. In doing so, it tokenises this industry and transforms the manner in which payments or investments are made.
Let’s have a closer look at the advantages that result from this blockchain/REIT merge:
Smart contracts will cause the apparition of custom asset tokens: GREM (abbreviation for Global REIT Fund Manager), dividends that will start at a 2% value (of the NAV); as the platform matures, these dividends will be lowered to 1.25% of the NAV (Net Asset Value - value per share of a mutual fund, at a specific time or date). GREIT (Global REIT Asset Token, in short), offering a constant 8% of the investment, of the AUM (Assets Under management - this amount stands for the total market value of assets managed by a company or an institution on behalf of its investors).
Tokens are already available through accessing the Global REIT ICO - the public ICO is already open to the public.
Attractive to crypto investors, real estate asset holders and existing REITs
Find out more about these unique advantages and discover the mechanisms Global REIT has in store for the future, by visiting the official website at Website, Telegram, ANN, Bounty Thread
btt username: maryhansenn
Btt link: https://bitcointalk.org/index.php?action=profile;u=1226816
Wallet: 0xce8c2345fe78e6244ab85b8e020bb57db0ba6c89
