Review of ICO IAT
The growing multimillion-dollar population of the Philippines has inspired the creators of Realty Beacon Philippines Inc. to develop solutions to improve the quality of life, in particular, to expand the island's real estate. For investors, this industry has long been promising. The gross return on investment in real estate in the Philippines is the highest in Asia, which, accordingly, makes it an attractive place for foreign investors. The continuous growth of technology and business processes, as well as the continuous flow of foreign workers, influence the change in the demand curve, which in turn is only in the hands of Realty Beacon Philippines Inc., because they know how to effectively improve all processes in this area.
Some background information:
The Republic of the Philippines is an island nation in South-East Asia. According to estimates for 2015, the population is 102,921,200 people, and the island's territory occupies up to 299,764 km². The Republic of the Philippines is 12th in the world in terms of population and 72nd in the territory.
Realty Beacon Philippines Inc. (RBPI) is a Philippine property management firm that deals with IAT properties.
IAT is a holistic ecosystem, the capacities of which are oriented to different areas of the real estate market. The platform will provide a number of services that affect the rent, purchase and management fees for these assets, fees for tax advice and legal services, commission payments, as well as a list and receipt of proceeds from the sale or lease of real estate.
The Instant Asset Identifier (NIAT) is the local equivalent of all IA tokens and will be linked to the national currency of the country. Its production will not be individual, NIAT is purchased together with the purchase of IA tokens. This procedure protects the end user from the volatility of the crypto-currency markets.
Payment for rent.
Acquisition of assets.
Fee for asset management services.
Payment for furnishing.
Payment of tax advice and services.
Payment of legal services.
Fee for agents or brokers.
It should be noted that the use of technology of smart contracts will allow to agree all terms of the transaction before its completion.
Beta version of the IAT platform
For independent and comprehensive service of individual owners, agents, brokers and clients that have IAT tokens in their possession, a web-based platform has been created to distribute traditional real estate channels. The platform provides a wide range of services for its users.
The section of the web portal will be serviced by individual owners, on which developers seek to break the strong points of traditional channels, such as Airbnb and various booking sites. A fee for the use of resources is charged at a rate of 5% of commission, while traditional channels charge a fee of between 15% and 20%. The nominal fee will also apply to each listing with payment through NIAT in order to exclude invalid transfers.
To service agents and brokers, there is also a section on the web platform. Its use is applicable in cases of transfer of assets for sale and lease. Leasing activity is a long-term lease, which, in turn, corresponds to the country's short-term lease rules.
A nominal fee is applied for each listing. With the constant introduction of crypto currency, developers assume that investors will seek to transfer some of their savings to tangible assets in the form of real estate.
Project road map
Dates of the Pre-ICO: April 2018 - 14 June 2018
The dates of the ICO: June 15, 2018 - August 15, 2018
Total number of tokens released: 4,500,000,000 IA
Cost: 1 IA = 0,01 USD
Accepted currency: BTC, ETH
Soft cap: 1 000 000 USD
Hard cap: 20,000,000 USD
Distribution of tokens
Distribution of funds
70% of the total amount of funds are intended for the acquisition of assets.
20% Funds allocated for the liquidity program.
4% of the funds were sent for the development of the project.
4% PR and Marketing.
1.4% Funds allocated for the team.
The remaining 0.6% are for agents, brokers and other owners.
The Philippine IAT project seeks to make the process of investing in real estate as simple and accessible as possible by eliminating the traditional barriers of the industry and by digitizing assets.