With a growing number of students, nearly 6.23 million students studying in the USA, North America, and Europe, student accommodation has been a major area of concern. Shortage of comfortable accommodation has an overall adverse effect on students’ performance, a study carried out in Botswana revealed. The study revealed that lack of hostel accommodation encourages truancy and consequently poor concentration on academic work.
HOMT, a project of HOMT Ltd, is striving to solve this problem by creating a dedicated marketplace whereby properties will be available on rent for students in the most cost-efficient manner across the globe, with a few clicks. They strive to simplify the burdens on students by making sure properties are rented out to students on the most affordable terms which in turn will make the students’ study life convenient and without much load through long term lease.
“What is HOMT?”, you ask. HOMT is the world's first-ever platform to provide a centralized marketplace for students’ accommodation industry, a platform using blockchain, artificial intelligence, and smart contracts to democratize the access to and ownership of students' dedicated properties. It aims to improve students’ living and overall performance by constantly working towards making the living environments peaceful and cost-efficient.
With the HOMT platform, students can find their dream accommodation with few clicks of a button. Stakeholders and students alike can contribute towards cost-efficient living for students by holding the HOM Token, the world first ERC-20 token in the real estate industry.
Problems of Students’ Rental Accommodation and How HOMT Ltd Prepares to Handle Them
Searching for accommodation by students is hectic and time-consuming: HOMT Ltd addresses this by offering a one-stop platform whereby students can easily rent accommodation by a click of a button, and most importantly at a reasonable price.
No intrinsic value in transacting with conventional currencies: With HOM Token, on the other hand, you enjoy an intrinsic value that is derived from the company’s real estate assets and rental operations. This means as a student using the HOMT platform you can make money in the process. You do that by simply holding the token.
In the conventional system, there is the problem of trust between the transacting parties. HOMT eliminates this problem by enabling trustless deeds and transparent operations through the use of blockchain technology.
In the traditional method, one of the most annoying parts of searching for accommodation, especially in my own part of the world, is the fee charged by middlemen (real estate agents). HOMT eliminates this by enabling trustless, smart contract-based transactions.
In the traditional real estate market, investing in real estate is a reserve of the elite class on account of higher investment limits. In HOMT, a common man, even students can now invest in real estate.
Apart from the properties acquired by HOMT Ltd, third-party owners can list their properties on their platform for the students to locate the most convenient/conducive accommodation. Token holders are eligible to host other utility services that may be required by the marketplace.
It is a unique ecosystem whereby individuals, be it students, the common man, or NHIS can invest in HOM Token to acquire properties for HOMT Ltd. By investing and holding the token you become a part-owner of the properties.
Unique Features of HOM Token
HOM Token is an asset: HOM Token is different from most other cryptocurrencies out there that act as either utility tokens or payment tokens. It is different in that it is instrumental in property acquisition for HOMT Ltd.
Data Transparency: Being a blockchain-based company, all transactions happening within the ecosystem are deployed on a transparent ledger, a blockchain network that ensures transparency and accountability.
Trusted and Regulated: According to information found on their website, HOMT is regulated by global and regional financial authorities. The company, HOMT Ltd., is leading property acquisition, development, and distribution with a focus on international asset management.
It is inclusive: Anybody, no matter your income level can invest and be a part-owner of properties with HOMT Ltd. Through the tokenization of properties, HOMT Ltd offers a business model with a lower investment minimum, unlike the traditional venture capital and real estate markets where it is almost impossible for a person with low investment to be part of.
Holders of HOM Tokens Enjoy Other Utility Services: A host of other utility services provided by third-party partners will be made available in their ecosystem for token holders to enjoy. All token holders are eligible to receive such services by way of point allocation, i.e. based on the amount of token held by a user and probably other metrics that will be determined by the governing body of the ecosystem.
All such transactions from the underlying business activities are monitored and audited by third-party evaluators and auditors, in order to ensure transparency at all levels.
Liquidity and Accessibility: HOMT Ltd ensures liquidity and accessibility through a seamless exchange of the underlying real estate assets and transfer of its value. The HOM Token itself, being a cryptocurrency can be exchanged in any crypto exchange where it is traded and can also be used for peer to peer exchange of value. At the time of writing this, HOM Token is trading at Probit Exchange.
Conclusively, if you want to own a property with HOMT Ltd, the best time to get some HOM Token is now. As stated earlier, HOM Token is currently trading at Probit Exchange.
To learn more about HOMT Ltd., the project and how they plan to tackle the problems of students’ accommodation you can check their official website: https://homt.net/ or from any of the following social media platforms:
HOM Token Twitter Page
HOM Taken Telegram Channel
Disclaimer: This article was written in exchange for a potential reward in the HOM Token Bounty Campaign hosted in BitcoinTalk Forum by Bounty Detective. Alexander whose Forum username is Alexis29 is the author. You can check my profile link here. You can equally confirm my proof of authentication here while my telegram username is @Heisemberg120