Home is where the Blockchain is: Revolutionizing the Real Estate Industry
If a thing can’t be seen, felt, or touched, assigning value to it can be extremely difficult. This is currently the predicament bogging down the emerging cryptocurrency industry. While the blockchain is changing how values are stored and exchanged — especially financial values — most solutions leveraging the technology only seem focused on catering to the novelty of it all, not its practicability. Hence the volatility the industry has become infamous for. To survive and remain excellent investment opportunities, cryptocurrencies consumption needs to address the necessities of the average Joe. This is the mission behind the development of Elements Estates.
Wherever I Lay my Head Down
Food, shelter, and clothing remains mankind’s most basic need. Nearly every decision we make is based around these needs. Of these three, shelter — especially of the permanent kind — is arguably the most expensive and carries the most risk — unless you hunt for your own food.
Buying, selling, and renting a home (or just a place to rest your head while vacationing) is rife with risk ranging from bloated mediation fees to counterparty risks, liquidity problems, security, and accessibility. By using the blockchain, Elements Estates is not only eliminating these problems, but also ushering a use-case driven ecosystem for distressed assets through its ELES tokens.
That’s my Home
Developed by a team that continues to break new grounds in the real estate industry, ELES utility token is the fuel empowering all settlement and exchange on the platform. The team’s involvement in some of the most important distressed acquisitions in South-Eastern Europe (SEE) region in the past few years brings a wealth of hands-on experience, technical expertise, and industry clout to the platform’s development. Most of the team’s resources will go into maximizing the growth potentials of the ELES token. Real life utilization of the tokens coupled with the partnerships the team is establishing will result in sustainable growth of the token value. Also the automated 3-year lockdown-process after a successful transaction on the ELES platform, can positively affect the token value growth.
Elements Estates will acquire highly lucrative properties across the SEE region, seeing to its development and maintenance through a specially created private corporate Fund. The Fund will be managed by a team with a proven track-record in the industry, governed by smart contracts, and publicly documented on the blockchain. The Fund will identify strategically placed properties in residential, commercial, and tourism sectors across the SEE and acquire them at significantly lower market value — up to 80%. Properties acquired can then be renovated and either sold or rent to token holders or the general public.This will also create a demand of the token.
Up to 20% of issued tokens will be retained as liquidity fund. This liquidity pool enables token holders to seamlessly convert to fiat without the traditional hassles associated with converting crypto to fiat. Converting crypto to fiat during peak traffic hours remains one of the biggest headaches associated with owning crypto assets, with holders having to jump through hoops while paying exorbitant fees just to clear their transactions. By ensuring that there is a constant fund for liquidity through payment gateway partners, ELES token can easily be liquidated, allowing investors to confidently enter the market. The added liquidity will also secure the effective management of properties in the Fund’s portfolio without having to maximize the Fund into capital and damage its liquidity.
