INTRODUCTION
Technology has advanced and is affecting every single part of our lives. The invention of smartphones, the use of the internet. In fact, what would we do without the internet? It has connected us to everything, our phones, computers; we even have smart houses now. Technological innovation has come to make things easy for everyone. All smartphones come with different applications most of which are free but in other to utilize the full features of the app, users have to pay a fee. Businesses are done virtually now, thanks to technology. These app developers offer their services in exchange for a fee. Great, Right?
Some of these developers also increase their fees making it too costly for consumers to purchase, but as there are so many other apps like theirs in the market, they go ahead to look for a more cost-effective app to use.
Space-IZ helps to connect businesses to their customers directly. They do not increase the prices of their products or services rather they make the prices fair enough to suit both the business admin and the consumers. They make customers feel like they’re stakeholders. Space-IZ also rewards and gives incentives to customers that are fully invested in their business and they also encourage local businesses.
People are social and they love to travel, interact, and share experiences. Space-IZ is creating a platform that will attract customers (Property owners and individuals) who have an interest in living in a
co-live/co-work and short term domains. The interface will promote competition that will grow the real estate sector.
Space-IZ will utilize the blockchain technology in developing token that will help its members share in the benefits of being a part of their community. The token holders will be able to get discounted rates for their co-live spaces and also be able to lend out their tokens to other token borrowers to generate income.
SPACE-IZ MISSION
They plan to create an app that will help property owners list and manage their properties on their platform on the Space-IZ interface, thereby also promoting and marketing their business to their customer base for free. The app is designed to reduce the cost of marketing and as well as saving costs for both property owners and customers interested in renting co-live/workspaces. By offering the property owners a cost-free advertisement, they will in turn rent out their properties at a discounted rate making in a win-win situation for all interested parties. This discounted rate is only available to token holders but anyone is allowed to use the app to book a room.
Those who do not own tokens and also want to enjoy the discounted rate can borrow tokens from token holders at a small fee. This lending system allows token holders to generate more income. The processes will be embedded in the app and made available.
All transactions and processes do not require any third-party administration; they can only be handled by the token owner/users. Space-IZ also uses Smart Contracts to ensure a smooth and problem-free transaction.
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