What is AQwire?
AQWIRE is a marketplace designed to handle international property transactions, from hotel bookings to residential and commercial real estate rental and purchase. It allows brokers and property developers to gain access to foreign clients and buyers anywhere in the world. This will help expand their customer base and give them a foothold in the fast-growing cross-border real estate market, which hit nearly $400B USD in 2017. With AQWIRE, brokers can now sell or book discounted units to customers and travelers all over the world via Smart Contracts. The platform also works for rentals and time-sharing agreements. AQWIRE connects buyers directly to brokers and property developers for the best deals in the world’s fastest growing real estate markets.
AQWIRE fully utilizes Smart Contract technology to process cross-border real-estate transactions. The platform is engineered to remove many of the roadblocks endemic with international real-estate. Smart Contracts are uniquely Unlocking the power of Smart Contracts and Blockchain in international real-estate With the use of blockchain technology, Qwikwire is building the AQWIRE platform to create a global community of brokers, property developers, and real estate investors. Its goal is to power the 400B USD cross-border real estate market.
The MVP (minimum viable product) for AQWIRE’s escrow system will not be fully automated via smart contract, it will still require a third party validator such as a title due diligence company to ensure that documentation from the other party are in order before the release of funds are initiated. To ensure a seamless transaction, control of the release button is given to the third party validator who has neutral interest in the transaction. Compared to traditional escrow this can 1) work across borders and 2) no third party actually holds the funds (as in a real escrow company where they hold the funds). The due diligence company only has control of the release of the funds and not have access to it. This will ensure proper incentives are given to all parties for a successful execution of the transaction.
Project Team:
Qwikwire is a 500 Startups funded company and many of the core team members received training and mentorship from top Silicon Valley mentors during the program. Qwikwire has a strong internal tech and real estate sales team. One co-founder, Scott Yu, is a blockchain programmer and has returned to the company to work on the AQWIRE platform. Our Head of Enterprise Sales, Joey Budka, has been in the real estate space for nearly 10 years and has sold nearly 200M USD in the commercial and residential property.
Token Details:
The QEY token, which is an ERC-20 compliant token, will allow network participants to verify the authenticity and validity of data on the blockchain. The QEY token will be needed to initiate a transaction on AQWIRE’s decentralized application. The platform can directly integrate with both cryptocurrency and traditional payment gateways. The payments layer API will enable off chain transactions to update on-chain in real time, validating transactions on both ends.
Token QEY
Price 1 QEY = 0.15 USD
MVP/Prototype Available
Platform Ethereum
Accepting ETH
Minimum investment 0.1 ETH
Soft cap 5,000,000 USD
Hard cap 15,000,000 USD
Country Philippines
Whitelist/KYC KYC & Whitelist
Restricted areas USA, China
Verdict:
AQWIRE is currently developing an API standard for Enterprise Software (ERP) – Blockchain integration that will allow for real-time data updates for property inventory all over the world. This API will push and pull data from any real estate ERP platform. All data will be managed by a smart contract queuing system to ensure single entry booking for all listed units. With this protocol, brokers can confidently offer and book units from any of the partner developers and it will be available at the time of booking. Data will be updated in real-time, preventing double booking, confusion, and potential loss in sales.
Important links:-
Website: https://aqwire.io
Whitepaper: https://s3-ap-southeast-1.amazonaws.com/aqwirepublic/AQWIRE_Whitepaper.pdf
Telegram Group: https://t.me/AQWIRE
Twitter: https://twitter.com/aqwireofficial
Facebook: https://www.facebook.com/AQwire-173178716606076/
ANN: https://bitcointalk.org/index.php?topic=3067236.0
Bounty: https://medium.com/aqwire/aqwires-bounty-campaign-application-is-now-open-5041c022e117
ETH: 0xCc538c6335203Cd2e771F27d12F4c90695366407
BTT: https://bitcointalk.org/index.php?action=profile;u=1495664
