The Instant Asset Token is a decentralized project that plans to revolutionize the real estate industry through tokenization to reduce, ameliorate and eliminate the entry barriers faced by investors all over the world.
The platform would build an ERC-20 marketplace that would enable users to easily partake in the lucrative real estate business by taking advantage of the decentralization made possible by the distributed ledger.
The project is creating its own portal on which players in the industry could access real estate investments, effectively creating a trustworthy collaboration between owners, agents, brokers, clients and all token holders within the IAT platform.
The project involves the sale of the IA token and the utilization of the fund by investing in the real estate sector. Investors in the fund will become automatic beneficiaries of the progress and successes associated with the investment. The purchased assets are digitized on the platform as a legal holding structured as assets and transacted on the IAT platform.
IAT Introduction Video
Despite being lucrative, the real estate industry has a myriads of challenges associated with it such as the high cost of entry due partly to high transaction costs. Parties involved in the industry, such as brokers, developers and agents are known to inflate the value of real estate in their possession. Tax assessments are also exorbitant due to the perception authorities have about the industry.
The industry is bogged with the slowness of transference of ownership due to the processes involved in documentation and verification of these documents.
There have been geographic limits placed on ownership of certain properties due to legal restrictions on foreign ownership of properties in certain jurisdictions. This barrier arises because there has been no known way of breaking the restrictions placed on international ownership such as is now possible through blockchain and the ease with which digital currencies can be used across most international boundaries for investment and business due to decentralization.
The high capital needed to become an investor owner has been a source of discouragement to many would-be investors. Absence of transparency is among the challenges the industry faces.
The IAT has created a solution to the high entry barrier into the industry through its tokenization process. This entails the sale of the IA token and the investment of the proceeds in the real estate sector. All holders of the token have joint ownership of the properties. These ERC-20 compatible tokens will be tradable at the exchanges.
The NIAT is a native or local version of the IAT that will be pegged to the value of the local currency in which the investment resides. This NIAT can only be purchased with IA token. This is a security against the usual volatility of cryptocurrencies.
The platform will cater for the needs of individual investor owners as well as that of brokers and agents to ensure that the IAT becomes a force to reckon with in the industry.
IAT Platform Utilities & Benefits
Upcoming [IAT] Token Sale
- After a successful Pre-Sale the team is focused on partnerships and expanding business before hosting the public token sale.
- Partnerships and regular updates on the pending token sale are typically on medium and telegram
Additional Information:
Website: https://www.iatokens.com/
WhitePaper: https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
BitcoinTalk [Ann]: https://bitcointalk.org/index.php?topic=4028883.0
Medium: https://medium.com/@IATokens
Telegram: https://t.me/iatokens
Twitter: https://twitter.com/IA_Tokens
Facebook: https://www.facebook.com/IATOfficial/
Article written by @justiceforall
Bitcointalk user: Mr.Ease
User link: https://bitcointalk.org/index.php?action=profile;u=803528
Ethereum Address: 0xEa67d5856b48925972a9f3d6D9b923593B8B16a6
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Nice article