Global REIT - Blockchain Based REIT
Hi dears, another interesting project is being started. First of all, for who missed previous entry, what's a cryptocurrency? 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.
All this racket of cryptomoney has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of block chain technology.
Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, paypal, etc.). The blockchain is the technological basis for all cryptomontages, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agree. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. 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 I said, 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.
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. More specifically, 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.
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.
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 below image.
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.pdfhttps://t.me/GlobalReit) or ANN Thread(https://bitcointalk.org/index....). You can also stay tuned on their telegram group here(https://t.me/GlobalReit). I hope you liked the post and soon I'll send you new ones.
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index....