IATokens

in bitcoin •  6 years ago 

 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. 

 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. 

 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. 

 On average two in three (66 per cent) home buyers were met with problems. Here are the top obstacles reported…

  1. Delays caused by others in the chain – 19 per cent
  2. Difficulty in finding a suitable property – 18 per cent
  3. Property bought was left in poor condition or with unexpected furniture – 13 per cent
  4. Encountering problems on completion day – 12 per cent
  5. Problems getting a mortgage – 10 per cent
  6. Issues with removals company – 10 per cent
  7. Problems with the conveyancer – 8 per cent
  8. Difficulties with the surveyor – 7 per cent

Despite the potential profits of the real estate market, buyers face numerous problems and limitations. Well, Here it come Instant Assets Tokens.
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.
IAT aims to solve the following through the adoption of the blockchain technology:

  1. All Round Transactional Costs
    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.
  2. 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.
  3. Transparency of Transfer
    Information stored on the blockchain is accessible by all which makes the data transparent and immutable.
  4. Time and Cost Saving
    Blockchain technology simplifies and accelerates the ownership transfer process.
  5. 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.

 Primary Focus
Asset Digitization and Management
One of the biggest factors which property owners are facing in the Philippines is the extremely high all-around costs of a property transaction from the buying to the sale of the property eventually.Purchasing a property will involve costs such as documentary stamp tax, transfer tax and title registration fee which ranges between 2.25% to 3%. However, if you are buying from a developer, the norm for them is to pass on certain fees and taxes onto the buyer which will increase the total fees to a range of 6% to 12%.There are also a few smaller charges to be paid upon the completion of the property such as having the connection of water and power supply to be done. One has to also note that property of a certain value will also have a 12% value-added tax (VAT) included in the property price.Selling a property presents a different set of charges and fees which includes capital gains tax of 6% (charged on the sales price or zonal value whichever is higher) that is essentially a sales tax and agent commission of between 5% to 6%.As such, all-around transactional costs for a property owner in the Philippines will range between 17% to 24% which is extremely high.However, if we are able to reduce the total costs drastically by 70% to 90% to a nominal fee, the booming real estate market of the Philippines presents huge potential growth and profitability in the coming years with an excellent administration and commitment to improving infrastructure in the country.The company will focus on acquiring commercial real estate where demand and the concept of co-working spaces have been increasing over the last few years.The residential segment acquisition will also be a focus but mainly in terms of acquiring in bulk and focusing on projects within key development areas and Central Business Districts (CBDs) such as Makati, Ortigas and Bonifacio Global City (BGC).The properties purchased by the company will form the initial asset pool for the IAT ecosystem. The company’s management arm will also be providing asset management services for asset owners who wishes to engage us. The rate of engagement will be lowered if transactions are done over the platform using NIAT. 

 Lastly, the company will also be open in working with landowners and developers in project development. 

 Individual Owners
A section of the web portal will be catered to individual owners where we aim to break the stronghold of traditional channels such as Airbnb and the various booking sites. By implementing a fee of only 5% on successful reservations, we will significantly increase the rental returns of the owners as the traditional channels charges fees of between 15% to as high as 20%.A nominal fee will also be applied to each listing with payment via NIAT; this is to avoid owners from listing with inaccurate details of their assets as well as unnecessary price competitions. 

 Agents/Brokers
Another section of the web portal will be catered to agents/brokers for their listing of assets for sale and lease. Leasing activities here will be only for long term leases to be in line with the country’s regulations on short term leases by an agent/broker.A nominal fee will be applicable for each listing. With the continual adoption of cryptocurrency, we envision that cryptocurrency investors will be looking to transfer some of their crypto wealth to tangible assets such as real estate. 

 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. 

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. 

IAT Token

IAT 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. 

 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=1805002 

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