Dominium –– 03.09.2018 – 31.12.2018
Dominium is being developed by a group of real estate professionals with industry experience dating back to 1833 and hundreds of millions of euros of assets under management. They have been looking at blockchain technology since 2012 and have self-funded the initial development of the Dominium platform, which is currently in Alpha. The platform has been translated into 15 languages and has over 25,000 users in 165 countries.
Dominium is building the world's first global property platform, using third generation blockchain technology to modernise one of the most established yet antiquated industries in the world. Dominium is an international platform on which regulatory documentation for property funding is standardised, and assets are placed on the blockchain alongside property sales, rentals and management.
The Dominium platform is built on an Ardor childchain which evolved from the time-tested Nxt blockchain. The Dominium childchain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks and more on the blockchain.
Dominium will obtain the required regulatory licences to allow standardised legal templates for property funding to be created. This allows companies to create regulatory compliant assets, which can be purchased by the Dominium account holders. As the assets are created on the blockchain they will of course be 100% transparent and liquid. Moreover, Dominium is underwritten by a portfolio of property assets generating an income and ensuring the future development and maintenance of the platform.
The global real estate market is worth 217 trillion USD but uses antiquated technologies, is subject to complex regulation and limited by centralisation from authorities, agents and financial institutions. Languages and financial barriers also affect the market, making it a lucrative but often inaccessible space.
By placing property finance, listings and property management on the blockchain and by providing a multi-lingual platform with standardised regulatory compliant documentation, the market is opened to multiple nationalities, affordability levels and listing agents. Real estate finance, management and trade are thus facilitated and simplified.
Although activities on the platform will be charged in Euros, the Dominium platform requires the use of a utility token, DOM, in order for transactions to be registered on the blockchain. On the 3rd September 2018, the company is launching an initial token offering (ITO). DOM will be sold for €0.10 until 125,000 tokens are sold, €0.15 until 250,000 tokens are sold, and so on up to a final ITO price of €0.25. Currencies accepted for the purchase of DOM are EUR, BTC, ETH, BCH, LTC, BNB, NXT, ARDR, and IGNIS.
