Over the past year, the crypto sphere has evolved in ways that we could never have predicted. The speed at which Cryptocurrency and is applications is developing all around the world is stupefying to say the least. A different race has begun, not a race for arms, but a race for use cases. Several Cryptocurrency platforms have sprung up with varying use cases as people are finding new ways to integrate blockchain technology with everyday life. From logistics and shipping uses to medicine and health and even housing.
I am happy to be live in this 19th century where so many people are using the blockchain technology to initiate unique ideals that is helping the world move in the next level.
Housing is a rewarding business on the planet currently; housing has made many individuals million naira around the globe today.
Yet, because of this Covid-19 legislatures of various nations had no way out than to put a security gauges that will diminish the spread of the Covid-19 pandemic, by forcing an all out lockdown and social removing.
Thus domain proprietors are truly thinking that it’s hard to promote their properties to clients, who we lease or purchase their homes for use, and this is cut down the home business in reverse.
As a result of this explanation, some gathering of individuals has started a creative thought dependent on blockchain that will truly tackle this issue.
Space-iZ group has built up a stage dependent on blockchain innovation where home proprietors can publicize their properties to clients around the globe.
SPACE-IZ DAPP
The App, the core of our ecosystem, is a complete property management and rental solution for landlords, an online booking platform for renters and a token administration tool for our community. The complete integration of our eco-system into the app with smart contract based lending, ensures a smooth, intuitive and effortless user experience.
The aim of the app is to keep the community engaged within our ecosystem while ensuring the process of renting a property or borrowing a token are simplified and expedited. The complexities of the smart contracts will not be a concern as the app will handle all wallet creation, token transfer and applications of discounts.
SPACE-IZ ECOSYSTEM
Our ecosystem consisting of 3 core components,
the token, the token holders and the app; is complemented by discounted
co-live and co-work spaces on our platform.
APPLICATION OF BLOCKCHAIN TECHNOLOGY
SPACE-iZ
Token
The SPACE-iZ Token utilises blockchain to transfer value and benefits, between token holders.
Token
Holders
Token holders receive discounts on spaces listed on the SPACE-iZ App and have the ability to earn by lending their tokens to non-token holders.
Decentralized
App
The SPACE-iZ DApp manages administration of bookings and facilitates the trade of SPIZ tokens.
SPACE-IZ TOKEN FUNCTIONALITY
SPIZ is a digital token that provides access to private and professional spaces on one platform.
Participation in
SPACE-iZ IEO
Token holders become members of the SPACE-iZ ecosystem.
Receive SPIZ
Tokens
Token holders get access to the SPACE-iZ co-work and co-live spaces at preferential rates.
Token
Lending
Token holders receive benefits by lending their tokens.
Smart
Contract
Securely administered by utilising blockchain.
WHY SPACE-IZ?
Workspace, Community, and services for Global network
SPACE-iZ platform provides an opportunity to list and manage property in a revolutionary new way, benefiting landlords and tenants.
Token owners become part of an ecosystem and can lend their tokens for an additional source of income.
LENDING AND BRROWSING MECHANISM
All tokens that are available to lend we be sent to smart contract which will keep live tally of tokens. All income generated from the lending of the token will be split, by the smart contract, among all the lenders based on length of time the token was lend and the amount received from borrowers during that time. The price to borrow tokens will start at 45% of the total savings and will increase incrementally as the number of token available to rent falls. This will encourage those who own tokens to make them available to rent.
The scenario below illustrate the savings to be made on the platform on a typical co-living space usually rented at a monthly price of $1,200 but offered at a15% discount on SPACE-iZ for token holders who hold 22,500 tokens the first scenario shows the savings a renter will make if they owned all the tokens and the second scenario shows the saving if the renter owned no tokens and borrowed them via the smart contract.
SPACE-iZ CONCEPT
The SPACE-iZ concept originated with the desire to bring together small to medium businesses, their customers and the communities they serve.
The concept eventually developed into an idea of a free to use platform to help manage and small business products with cost savings being passed on to customers in the forms of discounts on the platform. Finally,, the notion of an entire ecosystem was developed to fulfill our original vision by creating tokens on the Ethereum blockchain.
TOKENIZATION
Purpose
Apart from the need to reward our contributors the purpose of tokenization in our eco-system is to ensure that those using our platform, whether they be landlord, tenant or independent business, feel that they are not just a customer’s but hold a stake in the success of SPACE-iZ. As the eco-system grows the token encourage continued loyalty and even after individuals move past our service offering they will continue to remain engaged in the community. This engagement will ensure that any new service or offering added to our ecosystem reaches the widest possible and audience.
TOKEN FUNCTIONALITY
Access
Token holders and token borrows gain access to discounted rates at co-live/co-work and short-let locations around the world.
Price Appreciation
The ecosystem encourages the buying and holding of the token
Token lending
Token owners can continue to be a part of the ecosystem and earn income from lending even if they do not rent a room
Exchange traded token
The token is expected to be liquid and available to buy on exchange, ensuring transparent pricing.
Token stability and community building are the core fundamental of the SPACE-iZ business model. SPACE-iZ token holders can either use their token to book shared spaces or land tokens on a temporary basis.
ROADMAP
For more information please follow SPACE-iZ on the following social media channels
https://space-iz.com/
https://twitter.com/Space_IZ1
https://www.facebook.com/SpaceIZ1/
https://www.youtube.com/channel/UCrlkowlYO5tUA478zfflhJA
https://space-iz.com/get-whitepaper.html
Author: man22
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2844599