Instant Assets Tokens
The Fever about cryptocurrency is increasing, people have heard about it, and more and more people want to find more about it, and find a way to be a part of it. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. The new ideas are coming every day. People want to invest in the new projects. We have the biggest tool in the world, and it is called the Internet. The internet is a enormous base of information where we can do anything. Internet has connected the entire world. One of these projects is IAT. Here is an Overview of the project.
When you are investing, the goal is to put money to work today and allow it to increase 3x, 5x, or even 100x and more, so that the return you make is enough to cover the risk you take or taxes you pay. The same applies to real estate investment, however, there are some slight differences – it requires higher capital and it has less liquidity compared to fiat currency. Besides, there are always restrictions on foreign ownership, stringent financial regulations, and lack of transparency in the entire process that deter many potential investors. What if we can tokenize real estates and make it affordable and available to more people? Imagine a world where real estate investment is simple and transparent. This will be a dream come true for those who always wanted to invest in real estates and for real estates’ owner to get liquidity.
IAT plan has been developed with the aim of optimizing the applications of blockchain technology in all facets of real estate. The IAT platform starts with the rental and property market and large real estate assets. The IAT expects to cater to the Philippines and expands this technology into Asian markets. The objectives of IAT plan to create a innovative real estate platform with higher trust, lower costs, and speedier transactions.
How does IAT work?
IAT will create IAT blockchain and utilize the funds from the ICO to acquire and create the first pool of assets on the IAT blockchain. The platform will also have multiple channels of usage with various partner merchants. The company will use the proceeds from the sale of the tokens to purchase real estate in the commercial and residential sector. The properties purchased by IAT will be digitized and organized into legal holding structures. This will serve as the first pool of assets that can be transacted over the IAT blockchain. IAT will take on 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. IAT 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.
There are two kinds of tokens serving the solution that the company provides.
Instant Assets Token (IAT): IAT commits to creating various channels of token utility to maintain the high liquidity of IA Tokens and reduce the supply of the tokens and collect quality properties to be digitized into the ecosystem of IAT.
Native Instant Assets Token (NIAT): A portion of the funds can be raised to build a liquidity pool with the aim of NIAT using the IA Tokens.
Advantages
Cutting Out Integrated Costs: The cost of buying and selling property is inflated due to intermediaries such as developers, agents, and brokers. The platform hopes to cut this cost by at least half.
Improve Integrity And Security: The decentralized nature of blockchain technology ensures that the records stored on it will not be changed or controlled by any source. This will provide security against malicious attacks of the user’s data.
Transparency Of Transfer: The information that is stored on the blockchain will be accessible by all. This will make the data transparent and immutable. The degree of transparency will eliminate any property frauds or ownership disputes.
Saving Time And Costs: Currently, property ownership transfers take months due to the different parties involved in the process. There is also need to verify documentation in different stages usually with the need of a lawyer. The use of blockchain technology will effectively address these issues by the use of a uniform source of information for all the parties that will be part of the transactions. Additionally, other emerging platforms that focus on issues such as payments can be integrated in the future. The platform will provide a listing platform minimizing buyers and sellers costs and time spent online looking for the right platforms to sell or buy their properties.
Allow Foreign Investors: Countries often put up regulations to impend the growth of the real estate market by imposing restrictions on foreign purchases in an attempt to prevent a bubble. However, the platform can be accessed by buyers and sellers from all over the world and will not have geographical limits.
ICO information
Token : IAT
Platform: Ethereum
ICO time: 15/7/2018-15/8/2018
Price: 1 IAT = 0.01 USD
Accepted Payment: ETH, BTC, USD
Soft cap: 1 millions USD
Hard cap: 20 millions USD
Team
IAT's team are great men and women with ocean of experience Business consulting, sales and marketing. They have held several organization to success and have made several achievements and awards.
Lim Kim Hwee- CEO: He is a business coach with more than 20 years of experience in business consulting, sales and marketing. Trained entrepreneurs, salespeople, professionals, CEOs and business owners from US, Indonesia, Malaysia, Singapore, Taiwan and in the Philippines.
Chiew Zi Kai- Co-Founder & Director: He is an entrepreneur with 10 years of experience in the real estate industry and has invested in properties in Singapore, Australia, United Kingdom, Malaysia, and the Philippines. A former corporate banker with Standard Chartered Bank, he found his passion for real estate during his time in the bank and bought his first investment property at the age of 26. From there, he then went on to create a portfolio of 5 properties within the next 2 years by only accessing equity from the existing properties.
ROADMAP
Successful project always has a purpose to reach. These points can be read easily on a roadmap to track every progress will be through on the project, easily shown on the roadmap to track the progress of the project. As you can see following below, the Roadmap of IAT projects looks very clear and informing. The team has planned in detail the big amount of tasks to be done and to be through.
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/
Telegram : https://t.me/iatokens
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