SATIN: UNIQUE BLOCKCHAIN POWERED UTILITY TOKEN FOR REAL ESTATE AND OTHER FINANCIAL TRANSACTIONS

in satin •  3 years ago  (edited)

Screenshot (697) satin=3.png

Overview of Real Estate and Associated Problems

Real estate can be said to be a land or building that can be owned. For example, two plots of land property with a two bedroom house is an example of Real Estate. Real Estate business is the job of buying and selling homes, land properties, etc. The land along with any permanent improvements attached to the land, whether natural or manmade – including water, trees, minerals, buildings, homes, fences and bridges can be referred to as Real Estate. Basically, there are three types of real estates, namely: (1) Residential Real Estates (2) Commercial Real Estates and (3) Industrial Real Estates. Real estate property is immovable.

The Real Estate industry is obviously one of the most lucrative industries for investors. However, the industry is fraught with so many challenges, including cross border payments for foreign investors, avoidable delays and purchase agreement issues. A traditional real estate transaction involves many intermediaries, including lawyers, brokers and banks. Too many middle men lead to delays as well as high cost of Real Estate deals. This makes investment in Real Estate difficult and complex. Further, most crypto currency companies in this industry, allocate high percentage of token to their founders, thereby, making the cost of transaction/deals on the real estate industry very high.

Satin: Innovative Solution to the Problems Confronting the Real Estate Industry

In order to resolve the numerous problems besieging the real estate industry, Satin comes up with unique solutions and strategies to solve these inherent problems.

Satin is a unique utility cryptocurrency designed for the Real Estate industry. Satin aims to solve the problems confronting the real estate through its numerous strategies. Satin is also available for other use cases which includes – deals on tangible and intangible goods.

Satin token is a standard token BEP-20 – built on Binance Smart chain protocol. This means that satin can be used to carry out international instant payments with a fee as low as $0.20.

Satin aims to generate long-term price stability and empower real estate agents, public notaries and other professionals through are well designed tokenomics. Early investors will be able to exchange Satin for BNB when Satin is launched. Satin will further include other cryptocurrencies like BTC, ETH, USDT, etc. as means of alternative exchange with Satin.

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Satin is secure and backed by blockchain technology, therefore, transactions with Satin eliminates the need for intermediaries that make real estate deals complex and expensive. On using Satin, transactions are simplified. Satin is backed by blockchain technology. The use of blockchain technology allows easy transfer of money and facilitates the recording of deeds. While other cryptocurrency companies in the industry allocates 30% or more to their founders, Satin has opted to allocate 9% of its tokens to its founders. 15% of all Satin will be burned annually to compensate for inflation. Stain, which is backed by by Binance Smart Chain (BSC), will be listed in several top/leading exchanges. Since Satin is backed by BSC, transactions with satin token will be very low fees. Satin passed security audit with zero security and vulnerability risks.

Satin token is designed to allow people to purchase goods and services without third party interaction or need for a bank account. Satin can be used for digital payments. Satin vision aims to go beyond the ‘buy and hold’ norm common in the crypto space. Satin holders can store their tokens as well as circulate it by buying and selling goods and services. In the near future, satin team plans to include Real Estate sales websites and public notaries in the project. For example, public notaries can open free wallets to hold payments as escrow guarantees in order to facilitate a buy and sell transaction deals.

Benefits of Using Satin for Real Estate and other Transactions

Value for Investors: 15% of the total supply will be stored in a special wallet for burning to compensate for inflation. This will enable price appreciation so that early birds and other token holders have better opportunity to gain from their initial investments.

Long-Term Price Stability: Satin intends to generate long-term stability and empower Real Estate agents, public notaries, and other professionals via innovative tokennomics. Early investors will be able to exchange Satin for BNB at launch and will exchange to other popular cryptos in the near future.

Listing On Top-Rated Exchanges: Satin will be listed on top-rated exchanges in order to give its holders unique freedom. Satin believes that it does its job best when the crypto is moved around.

Low Transaction Fees: Satin is a utility cryptocurrency token that is based on BEP-20 token standard. Being decentralised and backed by BSC, it offers low transaction fees. This makes it easy and affordable to carry out seamless transactions with the token.

Innovative Tokenomics: Satin is a unique cryptocurrency designed to benefit users and investors. While other start-up tokens allocate 30% or more to their founders, Satin allocates only 9% of the tokens to the founders to recover from the initial investment.

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Secure and Unique Utility Token: Satin is a digital cryptocurrency with a decentralised exchange. Satin platform enables you to buy and sell crypto assets as well as goods and services. Satin is a quality digital product that can appreciate over time. A typical example is Bitcoin, which appreciates in value due to its usage. Satin passed security audit with zero security and vulnerability risks.

Experienced Team Members: Satin team comprises a group of talented and experienced technocrats in the crypto and financial industries. The team is led by Alex Roman. He is the founder and legal counsel of the project. The team members have years of experience in the crypto and financial industries. The members are made up of digital marketers and blockchain developers. The afore mentioned team composition confirms that Satin have very bright future prospects and will make Satin to grow exponentially.

Tokenomics

Name: Satin Token
Symbol: SATIN
Decimals: 18
Token Type: Bep-20 (Binance Smart Chain)
Total Supply: 45, 000, 000, 000 SATIN
Contract Address: 0xEB76fA2975deec9750BfCEb84246315945719357

Token Sales

Pre-Sale

18th of February 2022 / 11PM UTC to
25th of February 2022 / 11PM UTC

Token Sale

Will begin on 1st of March 2022 / 2PM UTC – approximately, subject to minor changes
Supply: 45,000,000,000 SATIN

Price
To be determined by market at Launch
Maximum Goal for PRE-SALE
Hard cap: $150,000
Soft cap: $75,000
Goal with fully diluted market cap
$50,000,000

Accepted Currencies
BNB – Binance Coin at Launch, followed by USDT, BTC, ETH and many others
Token Distribution Date
To be announced
Emission Rate
No new tokens will be created. The total supply will be fixed, ensuring holder’s interests are protected.

Token Structure

Screenshot (700) satin token structure.png

Road Map

January, 2021: Platform Idea
The origin of SATIN platform idea. Development of the concept and business plan.

February - April, 2021: Attracting Investment, Fundraising and IT Specialists
Gathering investment sources, fundraising and initial development with IT specialists - drafting the SATIN wireframe

May - June, 2021: Legal Compliance Research
Review of various jurisdiction compliance. Selecting eligible countries for SATIN token deployment. (for further details, please read Terms and Conditions)

July - August, 2021: Launching SATIN Marketplace and Consolidating Advisors Team
Attraction of advisors. Development of the SATIN platform. Technical audit. Development of the cyber protection mechanics. Development of a pilot application SATIN for the future platform.

August - November, 2021: Trade Enquiries
Development of a SATIN token, tokenomics, total supply, smart contract and selecting appropriate blockchain fork to build the token on.

November 2021 - January 2022: Preparation for ICO - a.k.a Initial Coin Offering or Pre-sale
Preparation for ICO. Development of a smart contract for SATIN token release. Pre ICO conducting. Continue the development of the platform. Financial ecosystem formation.

February - March 2022: ICO Duration
ICO conducting between 1st of February and 1st of March. Satin tokens listing on crypto-currency exchanges. Continuing the marketing campaign to attract end-users.

March, 2022: Integration with Binance Smart Chain
The platform integration with Binance Smart contracts blockchain. Start of SATIN wallet and tournament functionality development.

April-May, 2022: SATIN Official Deploy
Official SATIN token release and deploy on high profile exchanges - date to be announced
June, 2022: Development of SATIN brand and signing partnerships
Further development of the ecosystem (Goals: 30+ partners, 150,000 active users).

July - September, 2022: SATIN Further Growth
Developing an Application Programming Interface (API) in order to integrate SATIN with international payment providers.

November, 2022: Retrospective and Preparing Upcoming Steps
1 year retrospective analysis since development and consulting the community regarding upcoming steps. A vote system will be implemented whereas the token holders can vote in a democratic poll-type system what will be the adequate steps in order to grow the Satin Network

January, 2023: Further Development
Further development of SATIN ecosystem (Goals: 1,000+ partners, 1,000,000 active users).

February - April, 2023: Real Estate integration
Developing a secure network which allows the payment of real estate assets with SATIN

April - July, 2023: Development of own blockchain
Developing own SATIN Blockchain

Conclusion

Satin is a utility token built on the Binance Smart Chain (BSC) protocol. It is a standard BEP-20 token. Satin aims to provide decentralised means of payment for Real Estate assets and other tangible and non-tangible assets/services. Satin performs unique features by being designed to be a payment method for buying and selling Real Estate assets and services. Satin is targeted towards a more efficient and transparent Real Estate transaction process. Satin is a blockchain powered cryptocurrency token which, therefore, eliminates the need for intermediaries. The use of Satin speeds up transactions process, creates transparency and improve trust between buyers and sellers.

In order to improve holders’ value, Satin founders will only hold 9% of the token to recover their initial investment, while 15% of the tokens will be in a reserved wallet made exclusively for burning a yearly amount to compensate for inflation – hence, increasing the value of holders token. This is unlike other cryprocurencies start-ups which typically hold 30% or more for their founders. Satin has been audited - Satin passed security audit with zero security and vulnerability risks.

Satin is equipped with Decentralised Exchange, hence, it has the potential to increase in value over time – by being a utility token. Satin’s ultimate goal is to be a universal cryptocurrency for buying/selling Real Estate assets and services as well as other tangible and non-tangible goods. Satin vision is to go beyond the ‘buy and hold’ norm that is prevalent in the crypto space and embrace the technique of token circulation. Satin holders can store their tokens but also can circulate them by purchasing Real Estate assets, tangible and non-tangible goods and services.

For more information about Satin, please visit the following sites:

Website: https://satintoken.com/
Whitepaper: https://satintoken.com/SATIN-Whitepaper.pdf
Instagram: https://www.instagram.com/satin.token/
Twitter: https://twitter.com/SatinToken
Youtube: https://www.youtube.com/channel/UC-OpXUFBwCLLV76DjmYm3gg/featured
Telegram: https://t.me/satintoken
TikTok: https://www.tiktok.com/@satintoken?
Facebook: https://www.facebook.com/Satin-Token-104709155358892/
GitHub: https://github.com/satintoken/smart-contract/blob/main/Satin_Smart_Contract
Medium.com: https://satintoken.medium.com/
CoinAlpha: https://coinalpha.app/new-born/0xEB76fA2975deec9750BfCEb84246315945719357
Thebittimes.com: https://thebittimes.com/coin-SATIN-BSC.html
Reddit: https://www.reddit.com/user/SatinToken/

Author’s Information:
Link to Proof of Authentication: https://bitcointalk.org/index.php?topic=5381836.msg59038290#msg59038290
Forum Username: evichi
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=1717893
Telegram Username: @jaymay
Participated Campaign: Article
BSC Wallet Address: 0x3505596EC25804d2194356DFEA52d1224625763B
E-mail: [email protected]

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