REDUCING THE USE OF THE THIRD PARTY AGENCIES
Attorneys and financial institutions used to be the sole arbitrator in the real estate business for a long time. However, since Blockchain changed its role and became involved in real estate trades, it has reduced the functions of the third party agencies.
Space-IZ encourages landlords to list their properties and conduct online transactions. Reducing intermediaries would offer more value from their profits to landlords and tenants as they will avoid paying certain amount to these third-party agents. This induces a faster and easier processes, as the stressful transactions while using middlemen decrease.
DECENTRALIZATION
Space-IZ believes in trust and security, as a unified blockchain. The data storage platform will be open, making the data visible and unalterable to all members of the platform. Distributed exchange built confidence in the network. Since members can verify information, users can have more confidence in conducting transactions. Attempts to fraud are also to be reduced.
Space-IZ uses its app for Smart Contracts. But Smart Contracts is like an electronic lawyer that keeps records of transactions and also aids smooth transactions.
NOTES:
The SPACE-IZ token makes use of the Blockchain to transfer incentives and rewards all token holders.
Token holders can get discounts and promotions on the SPACE-IZ DApp and can also make money by lending non-token holders to tokens.
SPACE-IZ DApp manages to book management and promotes the transaction of Space-IZ tokens.
DECENTRALIZED APP
The Space-IZ online platform will be a used to manage properties and tokens across several platforms, thereby bringing landlords, tenants and local business together using its app. Using the app, landlords will be able to keep in touch with their tenants, arrange repairs, on-board tenants, access files, manage deposits and organize community services, etc. Users can also see the detailed overview of all the tenancy and properties from the dashboard. The aim of this platform is to make services easier for users. Landlords can instead utilize their time and resources in creating better services for tenants rather than spending them unnessesary expenses.
The use of the app will be free, provided, landlords can offer tenants who are token holders good discount rates. This method will encourage landlords to use the app in property management knowing that the discounts they offer will be passed on to their prospective tenants. On the longrun,as the Space-IZ real estate business expands, it will also encourage local businesses to join its platform and also offer discounted services to token holders. This will exponentially add to the growth and development of Space-IZ
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TOKEN LENDING MECHANISM ON THE DAPP
Under the management of the smart contract, the loan work on the DApp is as follows;
The token owner sets the "X" token to be fully available and sends it to the smart contract.
The total number of tokens available for borrowing is shown to the token borrower.
The token borrower pays the amount of "X" to borrow tokens from the smart contract.
At the end of the loan period, the smart contract returns the tokens together with the tokens to its owner.
Useful Informations :
(Twitter) https://twitter.com/Space_IZ1
(Facebook) https://www.facebook.com/SpaceIZ1/
(Whitepaper) https://space-iz.com/get-whitepaper.html
(Website) https://space-iz.com/
(Telegram ) https://t.me/spaceiz1
Bitcointalk Username : Ubaraw
Bitcointalk profile link : https://bitcointalk.org/index.php?action=profile;u=2835216