GLOBALREIT : BLOCKCHAIN BASED REAL ESTATE INVESTMENT PLATFORM

INTRODUCTION

At one point or the other in our sojourn in life, we had need to source for one property or the other especially as a “newcomer” to a new place, as such had to consult a real estate agencies to come to our aid. A real estate investment trust (REIT) as defined by the search engine, Wikipedia, is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of commercial real estate, ranging from office and apartment buildings to warehouses, hospitals, shopping centers, hotels and timberlands. You will agree with me that real estate investment is highly profitable. REITs can be publicly traded on major exchanges, public but non-listed, or private and this provides investors with a liquid stake in Real Estate.

The traditional REITs has its problems of getting access to adequate funding as a whole lot of funds is needed to run the business, the problem of strict and unfriendly government policies and barriers to entry especially foreign investors. It is in this light that Global REIT, a Dubai based company was created and it is poised to solve these problems by creating a blockchain technology based platform in accordance to Sharia and Islamic law.

GLOBAL REIT

As already mentioned in the introduction, REIT is referred to as Real Estate Investment Trust and they are saddled with the responsibilities to own, operates or finances income-producing real estate. Global REIT is a company based in Dubai, UAE which is known as the home of Real Estate Industry. Global REIT is the first ever Sharia complaint REIT to be launched in the market and its mission is to create an alternative investment opportunities for Cryptocurrency Real estate investors while their vision is to create a global real estate investment portfolio offering additional benefits than a traditional REIT via Blockchain Technology.

Global REIT proposes to start its operations in Dubai which is their home and gradually move to other part of the world as acceptance increases gradually. With this in mind, it will afford cryptocurrency investors hoping to delve into the real estate industry the opportunity to earn regular dividends and also to get a liquid market.

Talking about cryptocurrency and its acceptance into the real estate industry, Global REIT built its own dual asset tokens known as Global REIT Asset Token (GRET) and Global REIT Fund Manager token (GREM), which was created on Ethereum blockchain technology and smart contracts. Since the GRET and GREM tokens are of the ERC20 standard, it earns the ability to be traded on all token platforms, which makes it more cheaper, accessible, acceptable and most importantly more secured than the traditional REITs. The GRET tokens allows investors the option of either hedging in FIAT currencies or in real estates while the GREM token allows investors to be a share of the Global REIT manager dividends directly. Splendid idea you will, Yes, it is.

As a way of rewarding its Loyal subscribers, the holders of the dual utility tokens will be having access to all Assets Under Management of Global REIT in the future. The holders of minimum of 5000 tokens of GRET or GREM is entitled to one year free stay, so also holders of minimum of 100,00 GREM tokens have the liberty of selling their real estate assets to Global REIT and also enter the liquid market in the crypto domain. With this, it is no longer news that it is a win-win with Global REIT.

TOKEN AND ICO INFORMATION

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

CONCLUSION

Blockchain technology is gradually taking over the whole industry, same as in the real estate. Recent research has shown that Global REIT will most likely reach 10 Billion USD by the end of 5 years, which makes it necessary for real investors to look into this industry and invest in the Global REIT project.

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Written by

Bitcointalk username : Joygalzz1

Bitcointalk url : https://bitcointalk.org/index.php?action=profile;u=1984580