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Author Topic: (ANN) - MANUTAX BRINGING TOKENIZED REAL ESTATE SERVICE TO EVERYONE!  (Read 177207 times)
Manutax
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September 25, 2017, 12:44:48 PM
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MANUTAX PLATFORM - TOKENIZED REAL ESTATE ASSET

The Manutax Token, MUX is now listed on https://www.coinexchange.io/market/MUX/BTC


Manutax Token MUX will be listed on Bittrex, Cryptopia, coinexchange, and yobit exchanges


Manutax is the real estate tokenized asset platform which allows any property to be tokenized and retailed to investors in smaller units. This means that even an investor with the smallest amount of money can buy into a portion of a property, be it commercial or residential. The advantage of the Manutax token asset is that it provides more liquidity to home owners in that trading of the token allows for value to be transferred by anyone who owns the MUX token, in the locus of a liquid trading market.


The Manutax platform also provides a lower barrier of entry for investors to participate in the housing market. It is worthy of note that the Manutax token, MUX is backed by real estate and hence can demonstrate actual real value using the backbone of real estate assets that is on its network . For any new property to be added to the Manutax platform, a thorough evaluation of its suitability will be carried out, including comparative valuation and location parameters.  Manutax shall engage professional real estate firms to perform comprehensive audit of the asset in question in order to provide a holistic understanding of its relevance  and suitability. Blockchain technology will ensure that this process is transparent, devoid of middlemen and brokers who add to the cost of doing business. The advantage of investing in the MUX token is that all assets that are tokenized are covered by insurance. Hence, any claim is fully protected by risks underwriters of repute who act as security to any eventuality associated with any property on the Manutax system. Because the MUX token supply is fixed at creation, all investors can get an upside to their investment with the capital appreciation of the MUX token. This token shall be traded on major crypto exchanges to enable every holder to realize fiat value for their investment.   In determining the true value of any property to be added to the Manutax platform for tokenization, a number of market and intrinsic factors will be considered. While many developers and property owners have emotional attachments to certain assets the own, the considered value of any asset will be judged by comparing it to peer properties which have been in the market over a given period of time. Such information shall be sourced from publicly available records, in property listing journals and through the professional valuation opinions of established and reputable real estate valuation company. Such final cost of sale of property will account for various components in the sale process, including statutory tax cost due to governments, professional fees to lawyers, payments to trust companies and other service providers in the process.      




 

MANUTAX TOKEN, MUX

This is where the critical component of this structure comes into play. The MUX tokenized asset is able to provide higher and better liquidity compared to the public Real Estate Investment Trust. Besides the buy-and-hold properties of typical REIT, the real estate tokenized MUX will also hold developmental properties without the demand for high down payment investment stake. Hence, investors will be able to own something like a piece of the new World Trade Centre or the Rockefeller Centre for projects at the conceptual stage.  Real estate valuers will be an important component of the Manutax system in  becoming the exchange trade analyst, much like equity analyst, in that the market value of any property will be easily accessible through transparent trade data on public exchanges through professional valuation conducted by reputable real estate companies. Also, instead of taking out traditional mortgages, the Manutax platform will enable home owners to take out mortgage by receiving MUX tokens against their properties, and on a monthly basis pay their MUX tokenized mortgage using the Manutax MUX network to a group of token owners on the property in question. The MUX token will enable deeper market, meaning more participants and more trade since markets are international and the tokens are highly divisible. The global Real estate market is estimated at USd221trillion. The MUX token will become enshrined within the ever expanding crypto assets market, bringing a portion of this market value to investors thereby allowing for cross exchange liquidity and expanding the market capitalization of cryptocurrencies.

The Manutax Token, MUX just like any cryptocurrency, and much like bitcoin will serve as a store of value, a wealth planning tool and asset class, and it can be passed from one generation to the other as an inheritance. The tokenization of a whole property which may belong to a family of several individuals means that each individual in that family will have and own a portion of such family asset in the form of specified number of tokens associated with the established value of the given asset. This solves the problems of legal wrangling over execution of will and subsequent litigation bad blood that is usually associated with dispensing of such cases in the courts. There are many services in the cryptocurrency community currently that accepts crypto assets as security/collateral for loans, be it in the formal or informal environment. Cryptocurrency lending services have also emerged as a profitable business venture for many organizations that provide such services on behalf of several clients. Considering that the MUX token is actually backed up by physical real estate assets, it will be a more secured and preferable crypto asset to be used in lending and as a collateral against both commercial and retail loans. A whole industry of structured finance will emerged from this concept to provide loan services for holders of real estate tokenize asset in the form of the MUX tokens.Finally, we have covered the scenario of capital appreciation of the MUX token as they are traded on major exchanges. Over the years, it will become easier to become a wealthy property owner, not by owning physical property, but by owning MUX tokens that are steadily growing in value.






 The Manutax Platform will be considering an initial tokenised prelisting  approval of three properties, with aggregate vwaluation of USD7,346,121.37. With expected market demand and based on currently bitcoin value, a total of 16,783, 122.30 MUX Tokens will be created in this process and listed for trading, starting at a value of 0.000078btc per token. There shall be a continuous process of evaluation and approval of new properties for listing, undertaken once every six months. This shall be announced 3 months in advance on the Manutax website. Properties located globally shall be considered, up to a maximum of 100 properties, and up to a maximum of 10billion MUX Token, which ever comes first.Real estate professionals shall be integrally involved, and a rigorous process shall be implemented for selection, evaluation and approval listing.The three stated properties above shall be acquired using the proceeds from the listing of the initial MUX Tokens and the title documents shall held by a selected trust company. All issued tokens shall be backed by the properties in question.


 

BLOCKCHAIN SECURED REAL ESTATE RECORDS

The decentralized and open distributed ledger of the blockchain technology provides a trusless system for confirmation of transaction and for immutable  record keeping for public use. In the Manutax platform, property titles and ownership records will be clearly seen on the blockchain, and the value of this commercial and residential real estate will be represented on trading exchanges by the MUX token. Digital wallet address will be utilized for the establishment of legal status and financial position of each property. This information will be available to be freely circulated across all online platforms and will be at the disposal of everyone who wants to make an investment decision on any property, or even use it for comparative evaluation of similar property in different locations across the globe.






DIVIDEND PAYMENT

All token holders shall be paid dividend accruing from rental income from the property pool under the Manutax Platform. On an annual basis, and on a specified cut off date, all token holders will have their wallet address credited with a predetermined amount, paid in ETH to their account holdings. This payments shall be handled by the appointed trustees, and a smart contract algorithm shall be designed and deployed for the token distribution. Relevant information shall be published on the Manutax website for this purpose. The computation of dividend due each investor shall be determined on the basis of the amount of rental income received.





 
DEVELOPMENTAL PLANS



2017, OCTOBER TO DECEMBER

1. Project conceptualization and design
2. Project announcement on bitcointalk ANN
3. Social media development, starting with twitter
4. Marketing and promotion of project across crypto channels, including Themerkle, Cointelegraph, NewsBTC etc
5. Listing of the Manutax MUX token on major exchanges for trading
6. Commencement of selection process of Admin Trustees
7. Signing of service level agreement with Admin Trustes
8. Identification and evaluation of properties for acquisition
9. Marketing Bounty announcement, including appointment Manutax Tekoneized Platform Ambassadors
10. Completion of selection process for Manutax Platform software developers


2018, JANUARY TO JUNE

1. Development and implementation of SOP for property selection and acquisition
2. Finalization of the property selection process
2. Selection of property professional, viz Valuers, Property lawyers, Tax consultants etc
3. Negotiation and acquisition of selected properties
4. Development and publication of project whitepaper
5. Continuous development and marketing of the project
 
 
 
2018, JULY TO DECEMBER 2018
 
1. Further continuous search for new properties to be acquired and added to the Manutax Platform
2. Appointment of accountant and auditors for management of dividend payment process
3. Payment of first project dividend to investors
 

 2019, JANUARY AND CONTINUEING THEREAFTER

1. Continuous marketing and road show
2. Selection and Addition of more properties
3. Appointment of Manutax marketing Anchor personalities in major countries of the world



Website: www.manutax.com



twitter:

@manutaxp



More updates to this thread shall follow shortly....


Manutax Project Group
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September 25, 2017, 12:46:18 PM
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Do you have a whitepaper available?

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September 25, 2017, 01:44:24 PM
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The complete whitepaper for this project is being developed by the team. The technical details will also be provided, including the mechanism of its application.
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