Introduction
Let's go to continue this blog with other project. First of all, for who missed previous entry, what's a cryptomoney? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.
Today there are thousands of coins on the market, already in operation, such as Bitcoin, Ethereum, Ripple, etc., but there are many thousands more that are about to leave. The former are called cryptocurrencies and can be purchased on many websites such as Coinbase, Localbitcoins, Kraken, etc. The others are the so-called ICO's (Initial Coin Offering), which can be obtained with significant discounts and price runs through small contracts and transfers through Ethereum. But there exist others those that have just been born, which are not even in the ICO phase, which launch campaigns to attract the public attention, these are the Airdrops. With this, we can get thousands of coins for free. I emphasize these because it's a way to win cryptocoins even if the market is as it is. Through this way you never lose money.
However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As we all know, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account. For this reason, that is why I choose the best of them through an exhaustive study of the main characteristics.
Today, the project I am going to present you is the Global REIT, first ever blockchain-based Sharia-compliant REIT to be launched in the market.
Today, the project I am going to present you is the Global REIT, first ever blockchain-based Sharia-compliant REIT to be launched in the market.
Presentation
Definition
As I said before, Global REIT (http://www.globalreit.io/) is the first blockchain based tech that complies with the Sharia launched in the market. It offers investors exposure to the global real estate markets without the need to acquire an entire property and change the management and compliance obligations of the fund management.
Global REIT will acquire assets from U.A.E. and will quickly enter properties in jurisdictions around the world. The first asset under management (AUM) will have a Net Asset Value (NAV) of 75 million dollars and the total of It is expected that the value of the Global REIT portfolio will reach 10 billion dollars at the end of the 5 year year.
Global REIT will acquire assets from U.A.E. and will quickly enter properties in jurisdictions around the world. The first asset under management (AUM) will have a Net Asset Value (NAV) of 75 million dollars and the total of It is expected that the value of the Global REIT portfolio will reach 10 billion dollars at the end of the 5 year year.
Goal
The main Global REIT goal is to create true diversification across multiple asset classes to allow users to invest seamlessly in a broad portfolio backed by assets. Their vision is not only to revolutionize the REIT industry within specific regions and geographies, but also to create a diverse and vibrant platform for the assets of multiple REITs around the world to connect, unlocking a wave of opportunities and cross-investment potential in all the world.How it works
To make this vision possible, they have built a robust world-class platform in the Ethereum block chain, leveraging the strengths of smart contracts to create customized asset tokens (GRET). The GRET token is based on the ERC20 standard, so it is fully negotiable on all token exchange platforms, unlocking fast, simpler, cheaper and more secure operations than traditional REITs. This allows investors of all sizes to now cover their risks not only in FIAT currencies, but also in real assets. In addition to GRET, our platform also allows a secondary token in the ERC20 standard called GREM. This worldwide negotiable token allows investors to participate directly in the dividends of the GlobalREIT Fund Manager, similar to how traditional REITs are structured. Together, both GRET and GREM offer a turnkey solution to revolutionize real estate investments, making them accessible to multiple classes of investors. You can see a global vision about their architecture in the above image.
Roadmap
Airdrop
The project gives the opportunity to earn Global REIT tokens (GRET) performing some social media tasks and doing simple steps from the bounty program explained into Bitcointalk webpage. Here (https://bitcointalk.org/index.php?topic=3293399.0) you can access to the link in order to see what are the conditions to become an early GRET contributor and start acquiring tokens.
Doesn't that sound interesting? If you are interested in this airdrop, you can read their whitepaper here (https://globalreit.io/front/whitepaper/Global-REIT.pdf) or ANN Thread (https://bitcointalk.org/index....). You can also stay tuned in their official Telegram group (https://t.me/GlobalReit). I hope you liked the post and soon I'll send you new ones.
Extra details
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
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