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Changing the
real estate world
Our aim is to offer everyone the opportunity to benefit from distressed and undervalued real estate asset opportunities linked to the Blockchain. To be able to do so and enable above-average liquidity of the token, we have designed the entire process in a way that the ELES token will be the only means of payment for all services and properties in our portfolio, and that the token supply will decrease with every transaction.
The ELES platform will combine the safety and stability of the real estate sector, the high-profit potential of distressed real estate deals and the transparency of the Blockchain. This will support substantial growth of the token value.
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If I buy a portfolio from the platform, who will take care of all the paperwork of the house ?
We will help with all the paperwork. And before the land registries are fully digitalised, this has to be done manually with lawyers and notaries, of course it depends from country to country. This means the buyers will still have to sign all the classical paperwork, but we want all the transactions to be clean and secured.
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Blockchain is the future for sure. Could you explain me the crossroads of blockchain technology and real estate value optimization.
The platform will serve as interaction hub between the ELES token holders and the Fund, created for purchasing touristic-, commercial- and residential properties, starting with the SEE region. While the Fund will focus on identifying distressed assets, which can be restructured as real estate projects, it will later either sell or rent properties. All transactions will be done exclusively with the ELES tokens on ELES platform.
So the platform becomes the crossroad, where value optimization is reflected within the real estate projects that are finalized and out on the platform. The value of individual real estate is expected to be worth more than the investment amount (purchase + finalization). And here lies the hidden value that ELES token holders will benefit from once these real estate projects are sold or rented away.
Blockchain technology will help us within our Ecosystem, where with every transaction made through our platform for selling, renting or other services, half of the tokens will get locked, effectively taken out of circulation and decrease active tokens on the market. Without Blockchain technology this would not be possible in order to have trustworthy system behind.
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ElementsEstatesBOT:
What is the usage of the $ELES token (utility)?
Elements Estates will use the blockchain technology to verify the real estate transactions that will be available for participants using ELES tokens. Our users will be able to spend their tokens in order to purchase a real estate from our portfolio. Purchases will be transparent and processed over the blockchain by using smart contracts. Before purchasing certain real estate there will be as well a stage of real price discovery through auctions. Auction will be provably fair and transparent as anyone will be able to participate and monitor the bidding on the Ethereum blockchain. Blockchain will also be used to safely login into the platform and also to work as a proof of identity.
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Do you think "big" players in the real estate world could join ELES platform because of the ELES ecosystem and token lock-down and increase of value?
Especially with "big" players this is really hard to say as they might have different approaches or even thinking of developing something similar by themselves. But when we will see the space for synergies, we will try to approach such potential future partners and propose some sort of cooperation.
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Portfolios that you will have in development. Will you raise money from community to develop or does the buy of real estate include development with that money?
We are raising funds for purchase of different projects. Afterwards we are doing restructuring and development, for which we will not do a new or separate raising of funds. We will however take some additional financing from Financial Institutions, like explained in whitepaper, that can be spent for development of a project. With this we intend to increase yields on individual projects, or the whole portfolio as such.
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50% of the tokens used in any transaction will be automatically locked-down in a 3 years lock-down cycle. After the end of each lock-down cycle the community (ELES token holders) will have a vote of the future of locked-down tokens (i.e. to lock them again for another 3 years or to sell them on exchange to acquire additional resources for new real estate projects).
Tokens that will be involved in the transaction will be after one year period locked for two more years as one year of 3 years lock-down cycle will already pass. Tokens that will be involved in the transaction the fifth year will be locked for one more year as two years of second 3 years lock-down cycle will already pass. Such voting will therefore occur every three years.
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Regarding red numbers and dumps in crypto space - you reached softcap already - project will continue no matter what will happen in crypto field in 2019?
Indeed, this is so. We will continue our project as we already reached the soft cap and we continue with the fund raising for our ICO. As we value our ELES token in USD and we need fiat money to acquire RE projects, we don't gamble with holding crypto. Instead, we immediately exchange it to fiat to avoid any risk in crypto sphere. This is also what we did back in September, when we received BTCs, etc..
So, with the soft cap amount we are already bidding the first RE projects to be acquired by us, which we intend to put on platform.
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Some things in the Whitepaper are really interesting. Still learning about real estates
What is a distress asset ?
Since the financial crash of 2008/2009 all EU member states have been experiencing post-recession
recovery, some faster than others. Because different member states are recovering
at a different rate, it has brought about a lot of opportunities in non-performing loans (NPLs)
market specifically those backed by real estate collateral. Most of the financial problems of
the crash in 2008 were brought on by the onset of non-performing loans, and overvalued
properties across Europe. Simply put, parties could no longer afford to pay their mortgages
which led to one of the biggest financial meltdowns ever seen.
NPLs and financial institutions
A performing loan will provide a bank with the interest income; it needs to make a profit and
extend new loans to other customers. When customers do not meet their agreed repayment
arrangements for 90 days or more, the bank must set aside more capital on the assumption
that the loan will not be repaid. This reduces its capacity to provide new loans.
To be successful in the long run, banks need to keep the level of non-performing loans at a
minimum, so they can still earn a profit from extending new loans to customers. If a bank has
too many non-performing loans on its balance sheet, its profitability will suffer because it will
not earn enough money from its credit business. In addition, it will need to put money aside
as a safety net in case it needs to write off the full amount of the loan at some point in time.
It means that banks could slow down their capital, which they had to devote to the provision
of non-performing loans. In some cases, they were prepared to sell high-collaterals in order
to clean up NPLs from their books, improving their capital adequacy, and start reusing this
money.
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Elements Estates combines the #transparency, #security and globally #accessibility of the #blockchain with the high yield on distressed assets. It’s time to unlock the hidden value of distressed assets and acquire your dream (vacation) property in the beautiful SEE region. https://twitter.com/ElementsEstates/status/1067739549663723520Today Mr Silič met with our strategic #advisor Mr Filip Vucagić at the #Rexpo #conference in #Zagreb. During the day Mr Silič met several international funds with #NPL #portfolio’s, as potential targets for our real estate investments. #RealEstate #blockchain https://twitter.com/ElementsEstates/status/1067450979463962624 |
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I get the the project and is cool and all but I wonder who is your main target people who will invest. You don't need small investments you need people with deep pockets right? Are those mainly from tech industry or real estate industry, private family offices or ?
Thank you.
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A NPL (Non-Performing Loan) is a loan when payments are past due by 90 days or more. The bank then must set aside more capital on the assumption that the loan will not be repaid. NPLs, are Essential to the Elements Estates project.
i don't understand this - i find elementsestates project on Reddit
i am new in that sector - i know crypto a little and trading this will be my first ICO
so i make kyc? buy a btc or eth or bnb and then when presale will start make transaction and i get back eles tokens?
am i right or there is other way?
Thankyou I want to know more too. Please? |
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Any famous football player invest in avai?
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I presale - crowdsale - there will be BTC, ETH and BNB. How you will calculate everything up and which date will be for price lock?
and when you will change that for fiat?
They chabge everything to fiat? Noo... How much time will the team have locked tokens? |
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A lot of media coverage. you also on some ICO sites ? But yeah we all know there is a lot of those ICO sites nowadays  |
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''Your future is created by what you do today, not tomorrow.''
You are soo right look at Microsoft, apple,... everything needs some time and with the right time in the market and a new approach supported by technology you are golden in a couple of years. You think you will have to wait a couple of years for the platform to be adopted by massive public and in the real estate sector of do you think it will be famous faster because all of the crypto market fast changing and evolving ?
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Do you want to expand like a main only company ElementsEstates or do you need partners in different countries and maybe also later in the US and Asia market ?
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