GLOBAL REIT: First Blockchain, Sharia Based REIT

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With housing facilities and office complex be in high demand in most country around the world,it is mostly known to many that real estate investment is one of the most profitable, secured way of investment. However, traditional real estate investment models have immense difficulties to entry. In is even more difficult if you are a foreign investors, their a lot of bottleneck regulations you will have to pass through that even makes investing in foreign countries real estate markets less attractive. Getting access to funding is also a problem that we can't overlook.

Global REIT aims to solve these problems by bringing a blockchain based solutions that conforms with Sharia ethics and Islamic law. The question now is what is Global REIT?

REIT can be define as real estate investment trust- It is a company that owns, operates or finances income-producing real estate, they are platform for diversifying a long-term investment portfolio. Global REIT on the other hand is the first ever Blockchain-Based Sharia-Compliant REIT to be launched in the market. It aims to offer alternative investment opportunities for Cryptocurrency investors and Real Estate investors.

Source

It is offering investors exposure to global real estate markets without the necessity of acquiring an entire property and shift the management and compliance obligations to the fund management.

Global REIT Vision

Global REIT's vision is to create a global real estate investment portfolio that will offer additional benefits than a traditional REIT by interconnecting REITs with BlockChain Technology. The platform its investor offering at its home base in Dubai, U.A.E. and then rapidly expand worldwide.The company is creating a platform for cryptocurrency investors who want to simultaneously invest in real estate and earn regular dividends and, real estate investors seeking to exit into liquid cryptocurrency market, as their key targets for participation on the Global REIT platform

Benefits Of Investing In Global REIT

1. Future access to all its Assets under Management (AUM) starting with free stays every year in its 1st Hospitality Asset
2. Reward points will be offered in the Loyalty Programs attached with its AUM. These points can be used to avail free services up to a certain limit.
3. The Asset portfolio of Global REIT will include assets acquired globally unlike traditional REITs which has imposed restrictions in this aspect
4. Token holders of Global REIT will benefit from their participation in the ‘Fund Management Income’ as well which is not offered by traditional REITs
5. Token holders of ‘Asset Owning Company’ will be paid dividends monthly unlike traditional REITs

Global REIT have built a world class robust platform on the Ethereum blockchain, leveraging the strengths of smart contracts to create custom asset tokens (GRET). The GRET token is based off the ERC20 standard, thereby making it fully tradable on all token exchange platforms, unlocking rapid, simpler, cheaper, and more secure trading than traditional REITs. This enables investors of all sizes to now hedge their risks not only in FIAT currencies, but in real assets instead. In addition to the GRET, our platform also enables a secondary token on the ERC20 standard called GREM. This globally tradable token allows investors to partake directly in the Global REIT Fund Manager dividends, similar to how traditional REITs are structured. Together, both the GRET and the GREM offer a turnkey solution to revolutionize real estate investments, making them accessible to multiple classes of investors.

Token Details And Specification

The ICO of Global REIT will offer Dual Utility tokens to its subscribers –

1. Global REIT Fund Manager Token (GREM)

2. Global REIT Asset Token (GRET)

Token Utility

The token holders of GREM and GRET will get future access to all Assets Under Management (AUM) of Global REIT.

Regarding the Hospitality Assets, token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year. Furthermore, reward points will be offered in the Loyalty Programs attached with its AUM and these points can be used to avail free services up to a certain limit.

Another utility for token holders of GREM is that those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in crypto domain. These tokens can either be bought from the Fund Manager (GREM) or from the Open Market. The settlement of such acquisition will be done in any crypto currency and the capital base will be open ended.

The pre-ICO sale opened on 1st May 2018 and will end on 31st May 2018. Bonuses are available during this period. The public ICO will open on 1st June 2018 and will close on 30th June 2018. Below are the details:

GREM Total Supply: 200 million

GRET Total Supply: 75million

GREM ICO Supply: 21,428,571

GRET ICO Supply: 4,500,000

GREM ICO Price: 1 GREM = $0.07 USD

GRET ICO Price: 1 GRET = $1.00 USD

Platform: Ethereum

Minimum Investment: 100 USD

Currencies Aceepted: BTC, ETH and Fiats

Soft Cap: 5,000,000 USD

Hard Cap: 20,000,000 USD

Country: UAE

Restrited: USA and Japan

GREM distribution
Fund manager: 55%
Pre-ICO: 29%
Public ICO: 11%
Advisors: 5%
GRET distribution
Asset contributor: 78%
Pre-ICO: 16%
Public ICO: 6%

TEAM

ROADMAP

Ratings
This project is rated by the following ICO rating sites

ICO BENCH 4.3/5

ICORATING 4.6/5

ICO MARKS 9.0/10

Conclusion
Bringing Blockchain into Real Estate investment is an exceptional idea as we all know that Real Estate is one of the most profitable and less risky investment. I see this project this project unique and am optimistic about its success in the long run. This is a project Cryptocurrency and Real estate investors can't afford to miss because it promised to give what traditional REITs can't afford to give to their investors.

For more on this project, visit any of these:

Website

Whitepaper

TELEGRAM

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Reviewed By Adebits

Bitcointalk Username: Adebits

Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1249179

ETH Address: 0xCadEB66B39cEeCc12630f85a0739De723bbDB5Ab