ABOUT IATIAT plans to take a leading role in all facets of real estate locally and hopefully globally to make this a reality, starting with disrupting the rental and property market and tokenizing large real estate assets
The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and the asset management will be undertaken by our existing management company that is currently operational. The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia.
Introduce IAT
IAT plans to take a leading role in all facets of real estate locally and hopefully globally to make this a reality, starting with disrupting the rental and property market and tokenizing large real estate assetsThe IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and the asset management will be undertaken by our existing management company that is currently operational. The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia.
THE PROBLEMSDespite the potential profits of the real estate market, buyers face numerous problems and limitations. IAT, to maximize benefits and minimize losses people might incur, aims to solve the following through the adoption of the blockchain technology:
All Round Transactional Costs
Cutting out inflated costs by parties such as developers, taxes, brokers, and agents. The total cost of buying and selling a property in the Philippines is at times inflated to as high as 24% of the property value. We are looking to cut that total costs down by at least half.Integrity and Security
The decentralized nature of the Blockchain technology ensures that records stored on it cannot be changed or controlled by a single source, thus providing security against malicious attacks such as hacking.Transparency of Transfer
Information stored on the blockchain is accessible by all which makes the data transparent and immutable. The possibility of frauds and ownership dispute can be almost eliminated with the high degree of transparency.Time and Costs Savings
The current process of ownership transfer can take months due to the various parties involved and the need to verify the documentation during various stages, usually with the assistance of a lawyer. The blockchain technology will be able to address the above by maintaining a uniform source of information for all the parties that are involved in the transaction. Also, emerging platforms focusing on other functions such as payments can be integrated in future. The project will also be providing a platform for listings.Restrictions to Foreign Investors
Countries have been known to implement regulations to curb a growing real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from ballooning or forming a bubble.Take Singapore for example, prices of subsidized government housing have shot through the roof in the last few years to a staggering US$750,000 which has caused the government to implement multiple rounds of cooling measures to curb the market growth.
THE SOLUTIONSWith the numerous challenges involving real estate ownership, we have deemed it necessary to find ways to make traditional property investing and management easier for investors.Instant Assets Tokens (IAT)
The IA Tokens concept is a form of real estate tokenization and will be released via a process of Initial Coin Offering or ICO on the Ethereum network and will be ERC-20 compatible.Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by our existing management company that is currently operational.Native Instant Assets Tokens (NIAT)
The NIAT will be the local token equivalent of the IA Tokens. It will reside within each individual real estate market and is pegged against the country’s native currency. As such, each country will have its own NIAT. It will not be minted on its own and can only be purchased using IA Tokens. This is to ensure that end users are not being exposed to the volatility of the cryptocurrency markets.
Utilities & Benefits
The IAT ecosystem encourages the use of NIAT for these benefits.
- Rental Payment
- Partner Merchants
- Purchase of Assets
- Payment for Asset Management Services
- Payment for Furnishing
- Payment for Tax Advisory & Services
- Payment for Legal ServicesPayment for Agents/Brokers Commission
- Listing of Assets for Sale or Rent
- Receiving Rental/Sale Proceeds
- Receiving Commission for Agents/Brokers
HOW DOES THE IAT WORK?There are two types of tokens that serve the solution provided by the company.Instant Asset Token (IAT)
It will be released through the ICO process on the Ethereum network and will become a compatible ERC-20. Funds obtained from this ICO will be used to develop IAT blocks and assets will be acquired to form most properties in the IAT ecosystem. There is a total inventory of 4,500,000,000 tokens and will be pegged to US $ 0.01 per token.Original Instant Asset Token (NIAT)
This will be a localized token of the IAT as it will only be used in any real estate market and pegged to the country's original currency. To protect investors from the volatility of the cryptocurrency market, NIAT will not be printed on its own but can only be purchased using IAT.
Tenants can pay their rent with NIAT and receive a discount. The company will also seek to bring in various trading partners into the IAT ecosystem so that NIAT can be used for merchandise goods and services.
NIAT can also be used to purchase assets in the IAT ecosystem and token holders may choose to use NIAT to make payments for asset management services or involve tax advisory services, attorneys or legal counsel.
In cases where commissions must be paid to a property agent, the token holder may choose to pay commissions with NIAT. The asset owner may also choose to receive rental or sales results in the form of NIAT after registering the assets on the web portal.
In other words, NIAT will be the currency that drives all transactions that occur in the IAT ecosystem. To provide liquidity, the company will continue to look for various token utility channels to reduce the token supply and will order some of the funds collected to create a liquidity pool for NIAT purchases using IAT.
The IA Tokens Ecosystem
We want to create an ecosystem where token holders freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio. As such, the company commits to acquire listing with various exchanges so as to facilitate the trading and liquidity of the tokens.
- Liquidity of IA Tokens
We look towards maintaining the high liquidity of the IA tokens by creating various channels of token utility to reduce the supply of the tokens and acquiring quality properties to be digitized into the ecosystem of IAT. - Liquidity of NIAT
We will be reserving a portion of the funds raised to form a liquidity pool for the purchase of NIAT using the IA Tokens.
IAT TOKENIAT will be issued via a Token sale with a total supply of 4,500,000,000 IA Tokens. The price of the IA Tokens will be pegged to US$0.01 per token, ETH and BTC will be accepted. Value of tokens for sale will be US$20 million (inclusive of Early Investors, Pre-sale and Crowd-sale) with distribution according to the table below. Unsold IA Tokens (cap at 40,000,000 IA Tokens) will be given to charity organizations and remaining IA Tokens will be burned. Pre-Sale will commence in early April with the crowd sale subsequently commencing in 15 June 2018.
Token Info
Platform - Ethereum
Type - ERC20
Price in ICO - 1 IAT = 0.01 USD
Tokens for sale - 2,000,000,000
Min. investment - 0.1 ETH
Accepting - BTC, ETH, Fiat
Distributed in ICO - 44.44 %
Soft cap - 1,000,000 USD
Hard cap - 20,000,000
USDFOR MORE INFORMATION ABOUT IAT PROJECT, VISIT THE LINKS BELOW:
Website : https://www.iatokens.com
Whitepaper : https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter : https://twitter.com/IA_Tokens
Facebook : https://www.facebook.com/IATOfficial/
Telegram : https://t.me/iatokens
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1801630
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