Having moved to a new city, I was in dire need of a new home. With no possible acquaintances available, virtually zero knowledge about property and legal issues involved and crippled by a limited budget; I was wary of the dupes and agents who could easily rob me of my hard earned money. The happiness and zeal at being promoted were already dying, I had spent the first three days thronging several rental properties during the day and spending sleepless nights in the lodge. I then realized the need for a portal that would help people like me interested in buying, renting and selling private and commercial properties without the paperwork hassle and brokers and agents as the middlemen. There are as such no authenticated and reliable property listings platforms that would meet the global standards. With the advent of blockchain and with every kind of setup and business being brought forward as a blockchain startup, it is high time to build the most disruptive blockchain technology based property trading platform and associated applications to revolutionize the real estate industry. The transparency, security, immutability of operations that the blockchain and smart contact will grant the real estate arena is worth the deal.
To bank upon these possibilities, REGO, an innovative real estate property sourcing, listing and technology firm is launching:
- The REGO crypto token,
- Blockchain technology-based trading platform and
- Applications for the real estate market to revolutionize the trading, management and investment of real estate properties, especially for foreign investors.
The platform brings forth the most stable and high-income return investment and tries to reduce the inefficiencies related to the sector. Its main focus currently is now on below market value (BMV) properties that offer equity to the buyers from the very start. The expert team consisting of real estate advisors, legal experts, blockchain enthusiasts and others deeply research and screens each and every property before listing them on the platform taking care of even the legal and tax compliance issues in foreign real estate investment. It lets investors diversify their investment portfolio with ease.
How does it work?
A user when logs into the platform and affirms a property they want to purchase will pay a deposit using the REGO platform. The buyer gives a fourteen-day notice within which the user has to pay the amount. If paid the transaction is completed and recorded in the blockchain if not the property will be forfeited and returned as unsold units to the platform. All the properties acquired and the legal papers associated with them are secured in the REGO property wallet.
Benefits:
- Due to the presence of intermediaries such as banks and financial institutions the cost of transferring capital is usually high. Through the use of blockchain and reward mechanism, the transfers only require a small fee.
- The transactions will be immutably recorded on the blockchain with pinpoint details visible to everyone being shared on blocks. Thus, helping to invalidate all fraudulent transactions.
- The records being in the public eyes for always can never be changed or mutated.
- BMV properties, single and multi-unit residential investment, and moving on to commercial property listings in the US and then to other global markets; it aims to bring the world under one umbrella.
- It will also provide a host of property management tools such as rent collection to repair, maintenance and other payment transactions.
- It aims to reduce a significant amount of costs and time involved in the transfer of title and all other real estate contracts through smart contract inclusion.
- It will provide further property management applications to lessen the nuisance of after purchase formalities.
REGO token and ICO details:
It will be an ERC20 based utility token for transacting business, fulfilling contracts and granting rewards on the platform. It will be the preferred payment method for acquisition on the platform as it eliminates the time-consuming banking process and unnecessary fees. It will be listed on all the major stock exchanges.
The expenses such as brokerage, legal fees, builders, renovator, maintenance, service fee, consulting and managing agent can also be paid through REGO tokens. A total of 55,000,000 REGO will be there, out of which, 72% (39,600,000 REGO) of the tokens will be for sale in the ICO.
The exchange rate is set at 1,600 ETH per REGO. The hard cap is fixed at 20,000 tokens. The sale began on 1st May and will end on 31st July.
Concluding Verdict:
The platform is multifaceted. It has a lot to offer related to each and every aspect of real estate transactions in addition to its job of unearthing diamonds from the BMV market and offering to a global audience. The future due to blockchain efficiencies is bright. From an investors point of view, they can earn early bird bonuses and discounts so offered. It will be tradable too on all major stock exchanges. For users, the hassle free and secure experience on the platform is quite worth a show!
For more details visit:
Website: https://regotoken.io/
ANN Thread: https://bitcointalk.org/index.php?topic=3375704.0
Whitepaper: https://regotoken.io/wp-content/uploads/2018/05/15-May-Rego.pdf
Blog By: Lanirm Knayam
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1308391
Ether Wallet Address: 0xD9992873e5c75FA43b0eAA61C27f3Eb1ba054A4D