The real estate has for long been a very lucrative investment market generating billions of US Dollars every year. All over the world, millions of potential investors are denied access to the market based on low entrance capital. As a result, they either keep up with real estate within the threshold of their capital or withdraw altogether from the industry.
Besides, realtors are restricted to trade within their territorial frontier due to differential currencies, differences in the laws and regulations governing the real estate industries, and time differences among other limitations. All these have created ineluctable impediments to the growth of the industry.
Global REIT (Global Real Estate Investment Trust) is the first Real Estate Investment Trust to be run on the Blockchain technology. In other words, it is the first ever Crypto-based REIT launched in the world.
Global REIT intends to address all the challenges and limitation inherent to the traditional real estate industry and proffer forward-looking innovations for the unification of all real estate industries all over the world.
Global REIT intends to operate using the same mechanism as the conventional REITs by offering dividends to unitholders according to the income of its assets being managed. This is the one and only sharia complaint real estate investment t be known as deployed through the blockchain technology with its root in Dubai.
About the project
Of course, such foundations have already been invented long before nowadays. However, they do not have the capabilities of the Global REIT system. Investing in Global REIT, you immediately become a co-owner of real estate, which belongs to the platform. The mechanism is very simple: collected on ICO funds, investment real estate, having acquired a certain real estate. So all participants will become investors in real estate.
How it works?
The creators of Global REIT made a bold decision-all the funds that will be collected during the crowdsourcing company to spend on the purchase of real estate in different countries of the world. This property will be rented or monetized in another way to be chosen by the Global REIT team.Further, the profit from real estate investments will be distributed among all holders of Global REIT tokens.
Two types of coins are available on the Global REIT platform:
- GREM tokens (their owners will distribute 2% of the platform's revenues among themselves, in the future the percentage will decrease to 1.25% of Global REIT revenues);
- GRET tokens (holders of GRET tokens can expect an income of 8% per annum from the value of their real estate).
Thus, property under the administration of the Global REIT, is in the ownership of all participants in the platform. This is the difference between the Global REIT model and other similar sites. Competitors prefer to invest clients ' funds in objects that they do not own. Global REIT does not accept such a model.
TEAM
Team behind the project is consisted of highly educated professionals, each an expert in their field of work. Founder is Ali Tumbi, he is an owner and founder of several business situated all around the world.
Conclusion
Global REIT will seriously change the situation in the field of real estate investment. Previously, people who had capital and wanted to buy houses or apartments were severely limited by geography and their investment skills. Today, there are no such problems - with Global REIT you can invest in real estate on the other side of the world, even if you do not know how to do it (all the hard work will be done by the platform team).
Global REIT is a platform that will give people around the world access to passive income from the giant real estate market . The importance of such a project for the entire world economy is difficult to overestimate. After all, Global REIT is not only a platform that gives additional income to millions of people.
It is also a place, thanks to which the development of the real estate market across the planet will receive an additional impetus.
For more information and join Quifas social media at this time please follow some sources for the following references:
Web: http://www.globalreit.io/
Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf
Twitter: https://twitter.com/GlobalReit01
Facebook: https://www.facebook.com/GlobalReit-144007413076936/
Telegram: https://t.me/GlobalReit
My profile: https://bitcointalk.org/index.php?action=profile;u=1695591