IAT – Revolutionize The Real Estate Industry Using Blockchain Technology
IAT – When you invest, the goal is to invest today and allow it to increase by a factor of three, five or even 100 times or more, so that the rewards you make are enough to cover your risk or the taxes you pay. The same applies to real estate investment, but there are some nuances – it requires higher capital and lowers liquidity than legal currency. In addition, there are always limits to foreign ownership, strict financial regulations, and a lack of transparency during the process, which has hampered many potential investors. What if we can mark real estate and make it affordable and available to more people? Imagine a simple and transparent real estate investment world. For those who always want to invest in real estate and real estate owners to get liquidity, this will be a dream come true.
IAT plans to play a leading role in all aspects of local real estate and hopes to achieve this goal globally, first disrupting the leasing and real estate markets and marking large real estate assets.
The IA Token concept aims to revolutionize the real estate industry by developing blockchain technology through the development of the IAT platform. Funds collected from the ICO will be used to develop the IAT blockchain, and asset management will be carried out by our existing management company. This platform will first serve the Philippine market and we hope to expand into other emerging markets in Asia.
Problems In The Traditional Real Estate Market
Despite the potential benefits of the real estate market, buyers face many problems and restrictions. IAT aims to overcome the following problems by using blockchain technology to maximize benefits and minimize losses that can be suffered by people:
- Total Transaction Cost
Cut developer fees, taxes, brokers and increased agents. The total cost of buying and selling property in the Philippines can sometimes reach 24% of property value. We hope to reduce the total cost by at least half.
- Integrity And Security
The nature of decentralized blockchain technology ensures that the records stored in them are not modified or controlled by a single source, providing security against malicious attacks such as hacking.
- Transferring Transparencies
Information stored on blockchain can be accessed by everyone, making data transparent and unchanging. With great transparency, the possibility of fraud and ownership disputes can almost be eliminated.
- Save Time And Money
The current ownership transfer process can take several months because of the parties involved and the need to verify documents at various stages, usually with the help of a lawyer. Blockchain technology will be able to solve this problem by maintaining a uniform source of information for all parties involved in the transaction. In addition, future platforms that focus on other features such as payments can be integrated. This project will also provide a listing platform.
- Restrictions On Foreign Investors
It is well known that countries are implementing regulations to curb the growth of the real estate market by imposing restrictions on foreign purchases in an effort to slow or prevent expansion or market bubbles. In Singapore, for example, subsidized government housing prices have surged to a staggering $ 750,000 over the past few years, causing the government to implement several rounds of cooling measures to curb market growth.
Because of the many challenges involved in real estate ownership, we believe that we need to find ways to make it easier for investors to invest in the traditional real estate.
- Instant Asset Token (IAT)
The IA Tokens concept is a form of real estate tokenization that will be released through initial coin problems or ICO processes on the Ethereum network and will be compatible with ERC-20.
- Funds collected from the ICO will be used to develop the IAT blockchain and will obtain assets to form most of the initial assets in the IAT ecosystem. Asset management will be carried out by our existing management company.
- Original Instant Asset Token (NIAT)
INTENTION will be a local token for IA tokens. This will be in every individual real estate market and is related to the country’s national currency. Therefore, each country has its own intention. It will not be thrown separately and can only be purchased with IA tokens. This is to ensure that end users are not affected by volatility in the cryptocurrency market.
- DigiAssets Pte Ltd.
DigiAssets Pte Ltd is a registered entity in Singapore and will be fully responsible for the management of Instant Asset Tokens (IAT).
- Realty Beacon Philippines Inc.
Beacon Realty Philippines Inc. (RBPI) is a registered company in the Philippines, a property management company, IAT property hooks will work with the management discussed in this paper. In the past five years, the founders of the company have traded more than 1 billion pesos of property, which actually leads to the formation of RBPI.
A non-profit organization called a Limited Public Corporation by Guarantee in Singapore will be established. The main task of the organization is to support the development team and will become an ICO fundraising entity. Registration will be completed after the last legal advice.
These companies will depend on the minor exception exceptions under Section 302B of the SFA. An official exception to the exception of the requirements, involving units in the collective investment scheme “personal offer”, and (including) the upper limit of the number of funds raised.
The platform operator will become a company that operates for platform development and user engagement, such as participants, agents/brokers and various partner companies. Platform operators can also focus on developing the IAT ecosystem.
IA Tokens Utilities and Benefits
The IAT ecosystem encourages the use of NIAT for various benefits, and this section will explain various channels in detail:
- Rental Payment
Tenants are encouraged to use INTENTION to pay rent and offer price reductions.
- Partner Business
The company will try to integrate various business partners into the IAT ecosystem to improve access. One such effort is to provide laundry services “Beacon Cloth Care”, currently in Makati 2 stores, and the business plan at the end of 2018 business is expanded to a total of 100. NIAT stores will be used to prevent fluctuations in goods and services at Cost merchants.
- Purchase Of Assets
NIAT can be used to buy assets and be in the IAT ecosystem.
- Payment Of Asset Management Services
Token holders can choose to use NIAT to pay for our asset management services. Further discounts will be offered to encourage the use of NIAT.
- Payment Of Furniture
Sign holders can choose to use NIAT to pay for purchases of goods for the provision of assets. Further discounts will be offered to encourage the use of INTENTION. NIAT will be used to prevent fluctuations in the cost of goods and services for traders.
- Payment Tax Advice And Services
Sign holders can choose to use NIAT to pay for participation in tax consulting services. Further discounts will be offered to encourage the use of NIAT.
- Legal Service Payment
Token holders can choose to use the INTENTION to pay attorneys or legal counsel. Further discounts will be offered to encourage the use of NIAT.
- Payment Of Agent / Broker Commission
If you need to pay a commission to an agent/broker, the sign holder can choose to pay their commission agent/broker for the intention.
- List Of Assets For Sale Or Rent
Token holders can choose to use INTENTION to pay a list when listing assets in a web portal. If you use NIAT, the company will offer a discounted fee. The listing can be initiated by agents, brokers, or individual owners.
- Receive Rental / Sales Income
The asset owner can choose to receive a lease or sale proceeds in the form of INTENTION. The IAT ecosystem also allows asset owners to offer small discounts to tenants or buyers as an incentive to trade with the intention.
- Receive Intermediary Agent / Commission
Agents/brokers can choose to receive commissions in the form of INTENTION. The IAT ecosystem will also allow agents/brokers to offer their customers a little discount as an incentive to trade with INTENTION.
Every acquisition made by a company will focus on problems, new projects, development or purchases from existing owners who have incentives to sell. This is to ensure that the value of assets acquired is undervalued, which will also increase rental income from the business.
- Leasing The Company’s Own Assets
Revenues will come from the leasing of managed assets, which will take effect at the time of acquisition. Our property management company which has Beacon Philippines Inc. Realty allows for the implementation of rental activities immediately after acquisition. The company will also expand its team to manage the newly acquired assets more effectively.
- Selling All Company Assets
Companies can consider reselling a small portion of managed assets that show high profitability, such as depressed assets or joint development with landowners.
- Property Management Services
The company will promote our property management services on the platform and generate additional revenue through additional services such as equipment units.
- The Owner Is Personal
The company will adopt 5% of successful leasing cases to ensure profitability and still help owners continue to use the platform. Channels and platforms such as Airbnb usually require owners of around 15% to 20%.
- List Of Agents / Brokers
When agents/brokers use NIAT as a list of properties for their clients in the IAT ecosystem, companies generate income.
Economic Tokens and Timelines
IAT will be issued through token sales with a total supply of 4,500,000,000 IA tokens. The price of the IA token will be set at $ 0.01 per token, and ETH and BTC will be accepted.
The value of the sales token will be $ 20 million (including initial investors, pre-sales, and sales of lots) and will be allocated according to the table below. Unsold IA tokens (up to 40,000,000 IA tokens) will be offered to charities and the remaining IA tokens will be burned. Pre-sales will begin in early April and will be available on June 15, 2018.
- 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
- 15 June 2018: Start of Crowd-Sale Phase
- 14 days after the end of crowd sale: Tokens Distribution Within 7 days from tokens distribution: Exchange Listing
- Q4 2018: Start of IAT Portal Development
- Q1 2019: Launch of web functionality for agents/brokers/individuals
- Q3 2019: Research & development of web portal for expansion to 2nd market
- Q1 2020: Expansion to 2nd developing country market
- Q3 2021: Research and development of web portal for expansion to 3rd market
- Q1 2022: Expansion to 3rd developing country market
To know the latest information about IAT project you can visit the link below:
Website : https://www.iatokens.com
Whitepaper : https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Facebook : https://www.facebook.com/IATOfficial/
Twitter : https://twitter.com/IA_Tokens
Telegram : https://t.me/iatokens
Disclaimer: “I’m not a representative or a member of the IAT team, I just give you the latest ICO info”