Overview
Alt.Estate Group is a financial technology company offering a new solution for real estate tokenization: the Protocol and the Platform. Alt.Estate Protocol covers the technology, corporate structure and legal compliance aspects of tokenization. The Protocol will be a turnkey solution for anyone who wants to tokenize real estate, from developers to individuals. The Protocol is well-positioned to become the new standard of the industry. Alt.Estate Platform is the marketplace for primary sales and secondary trading of tokenized assets. The Platform allows users to trade real estate in fractions with higher liquidity and lower costs.
How does it work
ALT token is required to pay all the fees within the framework of the protocol and the platform, purchase property-specific tokens and get involved in decision-making through a special platform governance decentralization mechanism.Using Alt.Estate’s protocol, real estate owners can easily tokenize their property, in whole or in part, and list it on the platform where anyone can buy and resell it. Tokenization powered by Alt.Estate allows the real estate to be traded in small fractions, making it widely accessible as the entry ticket is very low. Based on a native blockchain technology implementation, Alt.Estate makes it possible to buy and sell tokenized real estate assets smoothly, in a transparent and trusted environment with instantaneous transactions and low transaction costs.
Protocol
The Protocol Is Developed in 2 Phases
Phase One: Crowdfunding Business Model Is Used Investment opportunities are detected through Alt.Estate market research, and we will leverage the experience of our team and advisors. Procedures including analysis, appraisal, expert committee and due diligence are performed to confirm the investment decision. The first phase is the major source of the Platform’s growth within the existing legal framework. For this phase, a proven crowdfunding business model is used:
● The seller lists a qualifying property for crowdsale
● Investors submit firm commitment orders and deposit funds to a special crowd wallet
● When the funding target is reached, Alt.Estate Group sets up the legal ownership structure, including a Special Purpose Entity (SPE) to tokenize the property
● A fixed number of SQM_{PID} tokens are issued: one token per square meter of the property
● The SPE purchases the property and distributes SQM_{PID} tokens among the crowdsale participants
● The SQM_{PID} tokens are listed on the Platform Alt.Estate can use its own funds from to co-invest in crowdfunding listings to further align its own interests with the interests of investors.
Phase Two: Alt.Estate Protocol Transformed Into Decentralized P2P Tokenized Real Estate Market The second phase will be launched as soon as the necessary technology and legislation are developed, jurisdiction by jurisdiction. Sellers will be motivated to tokenize their property, even without the intention to sell it immediately, as any fraction of tokenized property can later be sold, inherited, gifted, or otherwise distributed with minimal transaction costs. Decentralization elements will be tested and added to the Platform on a step-by-step basis. Alt.Estate blockchain development, community growth, and ALT token holders’ gradually increasing role in operations and governance are the foundation for the second phase.
Alt. Token
ALT Token Is a Means of Payment and a Store of Value within the Platform and the Fuel of the Protocol The ALT token is a pure utility token used for several specific functions within the Platform. There are 3 major functions of ALT tokens:
● ALT token is the fuel of the Protocol and the Platform; all the fees (tokenization, transaction, management, etc.) are paid exclusively with ALT tokens
● ALT token is a means of payment and a store of value: ○ SQM tokens on the Alt.Estate Platform can be purchased with ALT tokens ○ ALT token holders can earn extra income for work done within their roles assigned on the Platform paid with ALT tokens
● ALT tokens give voting rights on decisions through a special mechanism decentralizing Platform governance
Team
● Vladimir Shmidt (CEO) - 10 years + experience in digital business.
● Alexander Popov (CFO)- financial and investment analysis professional.
● Anton Lysak (CTO)- Founder & CTO at software development companies, including ABBYY LS .
● Liana Tagirova (CMO)- Former online sales and marketing director at Acronis. 5+ years of experience in digital marketing.
Token Metrics
Token ALT
PreICO Price 1 ALT = 0.00001 ETH
Price 1 ALT = 0.00001 ETH
Bonus Available
Platform Ethereum
Accepting ETH
Minimum investment 0.1 ETH
Soft cap 1,000,000 USD
Hard cap 30,000,000 USD
Country British Virgin Islands
Whitelist/KYC KYC & Whitelist
Restricted areas USA, China, Singapore
Verdict
The platform offers clear economic enticements. The project is a marketplace for both primary and secondary trading of tokenized assets. It is going to allow its users to trade real estate with a very high liquidity and low charges. The project brings innovation to real estate markets with the use of blockchain technology implementation. It will make it possible for customers to buy and sell real estate assets smoothly with low transaction fees.
White paper: https://alt.estate/upload/files/altestate_whitepaper.pdf
Website: https://www.tokendesk.io/ico/alt-estate/