Hi Guys ! all of you know I always bring you the information about good crypto related projects through my blog. So today I'm going to introduce you a new cryptocurrency based project called #IAT ( #InstantAssetsTokens)
What is IAT?
The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and the asset management will be undertaken by our existing management company that is currently operational. The Platform will cater to the Philippines market first and we look to expand into other developing markets
The task of IAT is to reduce the cost of intermediary services, thereby reducing the cost of buying, selling and renting at least twice. Thanks to the technology of blocking and tokenization of real estate with the help of IAT tokens, both property owners and their counterparties from among buyers and tenants will be able to save part of the funds that can be used for other purposes.
IAT System:
IAT aims to solve the following through the adoption of the blockchain technology:
All Round Transactional Costs
The total cost of buying and selling a property in the Philippines is at times inflated to as high as 24% of the property value. We are looking to cut that total costs down by at least half.Integrity and Security
The decentralized nature of the Blockchain technology ensures that records stored on it cannot be changed or controlled by a single source, thus providing security against malicious attacks such as hacking.Transparency of Transfer
Information stored on the blockchain is accessible by all which makes the data transparent and immutable.Time and Cost Saving
Blockchain technology simplifies and accelerates the ownership transfer process.Restrictions to Foreign Investors
Countries have been known to implement regulations to curb a growing real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from ballooning or forming a bubble.
How does IAT system work ?
There are two kinds of tokens serving the solution that the company provides.
Instant Assets Token (IAT)
This will be released via a process of ICO on the Ethereum network and will be ERC-20 compatible. Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. There is a total supply of 4,500,000,000 tokens and it will be pegged to US$0.01 per token.Native Instant Assets Token (NIAT)
This will be the localized token equivalent of the IAT as it will only be usable within each individual real estate market and is pegged against the country’s native currency. To protect investors from volatility of the cryptocurrency market, NIAT will not be minted on its own but can only be purchased using IAT.
Token Detail
Platform – Ethereum
Type – ERC20
Price in ICO – 1 IAT = 0.01 USD
Tokens for sale – 2,000,000,000
Min. investment – 0.1 ETH
Accepting – BTC, ETH, Fiat
Distributed in ICO – 44.44 %
Soft cap – 1,000,000 USD
Hard cap – 20,000,000 USD
The roadmap of the project:
Visit IATokens on :
Website : https://www.iatokens.com
Whitepaper : https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter : https://twitter.com/IA_Tokens
Facebook : https://www.facebook.com/IATOfficial/
Telegram : https://t.me/iatokens
Author: thedinh96
Bitcointalk Account: https://bitcointalk.org/index.php?action=profile;u=1692254