ICO IAT (Instant Assets Tokens)- overview!
What is IAT?
The IA Tokens concept is a form of real estate tokenization and will be released via a process of Initial Coin Offering or ICO on the Ethereum network and will be ERC- compatible. Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by our existing management company that is currently operational.
The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. Funds raised from this ICO will be used to develop the IAT blockchain and our existing management company that is currently operational will undertake the asset management. The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia.
They have an asset management company that is already operational and pro table; as such, the properties acquired will be entrusted to the management company. Discounts will be given to buyers and tenants if tokens are being used in the transactions via the platform. The company will also handle major project requests such as to digitize a commercial building or mall for resale and will also be looking to work with landowners and developers for project developments. The company will also incorporate functions where agents/brokers, landlords, and tenants will be reviewed and rated by other users of the platform to promote ethical practices from all parties. We will encourage the use of tokens by providing discounts when it is being used for transactions. Examples could include reduction of rental rate or asset management fees. We will also be giving airdrops of the IA tokens to the first 1000 agents/brokers, unit owners, and prospective tenants to register with the platform to encourage usage, gain traction and boost acceptance of the market. Additional airdrops will be considered if deemed necessary. IAT plans to take a leading role in all facets of real estate locally and hopefully globally to make this a reality, starting with disrupting the rental and property market and tokenizing large real estate assets.
The IAT platform is designed to maximize the benefits and minimize the losses that participants may face in the real estate market. IAT is aimed at solving such problems as transaction costs, ensuring security and transparency, saving time and costs, limiting foreign investors.
IAT aims to make investment in real estate easily accessible to the masses, eliminating traditional barriers by digitizing assets.In addition, the company’s goal is to create transparency of the resale and leasing processes, as well as the integration of other utilities for tokens on the platform, which include furniture, legal costs and expenses for attracting tax auditors.
Using smart contracts, the terms of the transaction, such as the selling price, rental rate and commission, will be pre-agreed and unchanged until the transaction is completed. The target markets on which the company focuses are developing countries with a developing real estate industry that demonstrate high rental profitability and high potential capital gains.
IAT is an ecosystem that targets various areas of the real estate market. Thus, the platform will provide and support the following utilities: rents, asset purchases, asset management fees, furniture payments, tax advice and services, legal fees, agent / broker commission fees, a list of assets for sale or rent, receipt of proceeds from sale / lease.
IAT plans to take a leading role in all aspects of real estate, to start at the local level, further on the world level, starting with the change of the construction of the real estate market and rental housing.
The concept of IA tokens is aimed at a revolution in the real estate industry using blockchain technology as a means of developing the IAT platform. The funds raised from the ICO will go to the development of the blockchain. This project already has a management company. For tenants and buyers, there will be discounts if they use the tokens of this project for transactions within the platform, for example, it can be a reduction in the rental rate, a reduced fee for asset management, etc.
Despite the potential profits in the real estate market, buyers face many challenges and limitations. In order to maximize benefits and minimize losses, the IAT concept aims to address the following challenges through the introduction of blockchain technology:
- Reduce transaction costs
The total cost of buying and selling real estate in the Philippines is sometimes inflated to 24% of the property value. We aim to reduce this total cost by at least half.
- Integrity & security
The decentralized nature of Blockchain technology ensures that the data recorded on It cannot be changed or will be controlled by a single source, thus providing protection against malicious attacks such as hacking.
The information stored in the block chain is available to everyone, making the data transparent and immutable.
- Time and cost savings
Blockchain technology simplifies and speeds up the process of transfer of ownership.
- Restrictions for foreign investors
It is known that countries are implementing regulations to curb the growing real estate market by imposing restrictions on foreign purchases in order to slow or stop the market from taking off or forming a bubble.
IAT token ecosystem
We want to create an ecosystem in which token holders can freely trade and interact with other token holders as well as investors who want to purchase IAT for their portfolio. Thus, the company undertakes to acquire a listing with various exchanges to facilitate trading and liquidity of tokens.IA token liquidity
We strive to maintain high liquidity of IA tokens by creating various token utility channels to reduce token supply and obtain quality properties that need to be digitized into the IAT ecosystem.NIAT liquidity
We will reserve a portion of the funds raised to create a liquidity pool to purchase NIAT using IA tokens.
IAT will be issued in the amount of 4,500,000,000 tokens. The price of IA Tokens will be pegged to 0.01 USD for 1 token, ETH and BTC will be accepted for payment. The cost of the tokens will be $ 20 million (including early investors, pre-sale, etc.) with distribution according to the table below. IA Unsold Tokens (40 tokens IA 000 000) will be transferred to charities, and the remaining tokens IA will be burned.
Leasing of assets owned by the company. The proceeds will be received from the leasing activity immediately after the acquisition. Our existing property management company, Realty Beacon Philippines Inc. it allows to carry out leasing operations almost immediately after the acquisition.
Sale of assets owned by the company. A company can sell a small part of its assets to generate high profits.
Property management services. The company will advertise our property management services on the platform.
Individual owner. The company will charge 5% of the successful rental transactions for profit and yet it will be beneficial for owners to use this platform. For example, Airbnb company charges about 15-20%.
More Information About IAT visit on :
Website : https://www.iatokens.com
Whitepaper : https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter : https://twitter.com/IA_Tokens
Facebook : https://www.facebook.com/IATOfficial/
Bitcointalk Username : WoTiKi