Introducing SmartRE, the first real estate tokenization platform using the Ethereum blockchain to help both homeowners and investors. Homeowners have a tremendous amount of money locked in the equity their homes. Why not cash it out without additional debt and not worry about interest rate changes? Investors, especially globally, have an insatiable appetite for US residential properties, with the top five countries' citizens buying over USD 58 billion in 2016; the global total was over USD 100 billion. We believe in equality. No matter where you are in the world, you should be able to invest in the largest and safest single market real estate industry - the United States. Each year, billions pour into the country via companies and wealthy individuals in all areas of the real estate sector. Why not the average global citizen? Why not put in a dollar in one property and another in a second property? Imagine holding portions of properties in areas you want, not where a fund manager decides, and have the peace of mind of a customized insurance policy from Lloyd's of London for extra protection. No middleman, just you deciding where. SmartRE makes it happen.
Benefits:
- International
Anyone from anywhere can buy into a portion of the properties.
- Lower Cost
No middlemen allows for automated transactions.
Fraud-proof
Blockchain network is made up of thousands of nodes, so to tamper would be extraordinarily expensive, almost impossible.
- United States
The safest, largest single-market residential real estate industry in the world.
- Protection
Customized insurance policies from Lloyd's of London to help protect value.
- Security
All transactions are processed and recorded on the Ethereum blockchain, making them immutable.
Technology Each residential property becomes a tokenized representation of the percentage equity that the homeowner chooses. These are ERC20 tokens on Ethereum that are tracked for insurance protection. SmartRE's system makes it easy for investors and homeowners to correspond and transact, with the blockchain details hidden in a user-friendly app. VISION SmartRE was started to be a profitable business that can compete and amass market share. As the first company in this space, the goal is to run lean and expand rapidly in this multi-billion dollar industry. Our team of seasoned veterans of the technology world brings decades of startup experience, from taking companies public on the New York Stock Exchange to being acquired by top technology companies, brings actionable insight into high-growth industries. Our vision of helping homeowners and investors alike will bring benefits to the greater economy as the platform unlocks capital to be used elsewhere. Having capital locked up in a house without any means to tap into it, beyond accruing more debt, does not make financial sense. For non-homeowners, SmartRE allows them to invest at lower levels instead of the hundreds of thousands needed to purchase a home in the United States. They can participate in any in-demand area for their own financial goals.
SmartRe tokens:
Use 1: 75% discount on the fees of platform that are correlated to the gas usage of an Ethereum smart contract.
Use 2: After third-party exchange trading of the SREs begin, their value may increase, thus using the SREs as a barter for the platform fee.
Use 3: Transactions that conclude and rolling off the platform can use the SREs as storage. 4.There are 100 million SRE tokens, and no additional tokens will ever be produced, giving them a likelihood of value increase with the utility of the platform, which will grow rapidly with homeowner and buyer adoption that will be spurred by the planned marketing program.
TEAM
CEO helped take a startup to IPO on the New York Stock Exchange at more than USD 8 billion in market valuation. Veterans of Silicon Valley, from university to industry. This is not our first startup. In total, the team has experiences in six startups, with two being acquired and gone IPO. Experienced programmers and engineers. Over 40 peer-reviewed research papers and over 20 USPTO patents filed. Good at management and execution, not just ideas people. Exposed to many pertinent peripheral R&D sectors besides just the blockchain world.
For more information
Website: https://www.smartre.io/
ANN Thread: https://bitcointalk.org/index.php?topic=2043674.0
Telegram: https://t.me/joinchat/CIrwoURAcSeIiOmwTs8eIw
Face book: https://www.facebook.com/SmartRe-275679492909956
Bitcoin talk profile: https://bitcointalk.org/index.php?action=profile;u=1033505