Dominium: Real Estate On A Blockchain
Finally, we’re about to experience the real transformation of the real estate industry as Dominium takes property financing, listing, and management over to the blockchain. Doing so will make the industry relevant to the times, lower the bars to entry, shorten the investment period, and make the investment easily convertible to cash. In short, Dominium will do all the things that the traditional system in real estate is unable to do, and the current platforms, being relatively new, cannot sufficiently address, despite having already adopted blockchain technology.
The centralized system of managing real estate is proving to be inefficient and flawed, largely because of so many intermediaries getting their hands on a single transaction. This does not only complicate matters, but also lengthens the process and increases the transaction costs. Investors cannot easily break into the market, either, because bars to entry are high. Moreover, potential investors, buyers, and renters, cannot fully rely on record registries because of many inaccuracies. Because all these are taking root because of the centralized system, there appears to be no better choice than to decentralize. And the very thing that comes to mind when you say, “decentralize” is blockchain.
True, blockchain has already invaded the real estate industry; we’ve heard of real estate companies migrating their business over to blockchain and using the decentralized approach. But what makes Dominium different, while also employing the same blockchain technology, is that it is creatively designed with to be multifunctional, allowing different real estate activities, such as property financing, property listing, and property management, to occur in one place. The activities, of course, will be regulated, secure, and transparent. Dominium will be equipped with multi-lingual and multi-currency features, at the same time, making it more accessible to the public.
In effect, there will open two service platforms, the investment platform and the property management platform, to sufficiently answer the need for transparency and security, accessibility, ease in transacting business, accuracy in data, and loyalty.
The first platform, the investment platform, is expected to boost the real estate market by folds as it enables anyone with at least one token to participate. This will open up doors of opportunities to investors and would-be investors with limited capital, and will also make it possible for crowdfunding to happen, allowing funds to be raised without 3rd party involvement. Meanwhile, the second platform, the property management platform, will serve as a tool for property owners and managers to help them properly manage their properties, whether they are putting them up for rent or lease, or something else.
Registration to the Dominium platform is necessary for anyone to participate and enjoy the benefits of Dominium. Compliant with KYC and anti-money laundering (AML) laws, Dominium will require various credentials and proofs of identification upon registration.
To fuel the different platform activities, Dominium will be releasing utility tokens called DOM tokens. DOM tokens will be used as form of payment for various activities such as but not limited to creation and trading of assets, voting, property listing (for sale or for rent), and registration of rental or purchase agreement. DOM token supply is 1 billion, but demand for the tokens will increase as it will be extensively used in the platform, and also because of the company’s buy-back program.
How Dominium came up with this blockchain solution, and how it will be developed is due to its powerhouse team. Worthy to note, the people behind Dominium are people with guaranteed expertise in the real estate industry. The chairman, Sven-Thomas Munte, owns and manages a property management company, Munte Immobilien, boasting around 3,000 rental apartments and 70 homeowner communities under its fold. Its Managing Director, Mark Lloyd, has been in the property sourcing business, while its Finance Director, Mark Reimann, is himself, an economist with extensive knowledge in real estate, having successfully completed studes in Real Estate. Meanwhile, Dominium’s Property Manager, Esther Dekker, is a licensed rental agent and proudly holds a postgraduate degree in Social Science with special focus on real estate, membership in the Real Estate Professionals Organization, and over ten years of experience in the real estate market.
With financial backing from its mother company, Dominium DV, a powerhouse team, and a blockchain platform, Dominium is at the perfect place and the perfect time to change the way we handle and manage real estate properties.
Token Details:
Name: DOM
Total Token Supply: 1,000,000,000 DOM
Number of tokens for sale: 700,000,000 DOM
Pre-ITO / Private Sale:- €0.05 per DOM 100,000,000 DOM
Soft cap €2,500,000
Hard cap €92,500,00
For more information, visit the following pages:
Whitepaper: https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020180710_0.pdf
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4686685.0
Website: https://dominium.me/
Telegram: https://t.me/DominiumPlatform
Twitter: https://twitter.com/Dominium_me
Facebook: https://www.facebook.com/Dominium.me/
Medium: https://medium.com/dominium
Bitcointalk User: Kalikanan
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2079149