Looking for some new interesting projects especially platforms running on blockchain technology and I have come across a real estate project. Let's check it out and it is really interesting because it is real estate based with a blockchain platform and ELES tokens. So here goes:
The Elements Estates project will encompass the novel ideas of cryptocurrencies and asset management through decentralized ledgers, based on blockchain technology. We will build an online platform that will introduce to the market real estate initially deriving from distress asset at favorable prices. Until recently that type of deals in the SEE region were mainly accessible only to large scale institutional and wealthy private investors because of their size and complexity to purchase.
Elements Estates has made its focus on distress real estate to power the fund created for three main reasons:
With redevelopment of distress properties, which will help to improve communities, the environment and upgrade urban feeling and surroundings. These improvements to distressed or abandoned properties reinvigorate an area and improve the quality of life for everyone.
Because our properties will be derived from distress deals, we will be able to offer the real estate market and ELES community the possibility of buying or renting properties at more favorable prices compared to prices on the direct real estate market.
Due to the specific ELES ecosystem and the lockdown period (see more under chapter “Token management”) for each token used, we intend to accomplish idyllic environment for holders of other crypto currencies who will want to transfer a part of the assets into ELES tokens. We are creating it as a crypto-currency with a high potential for the growth of the value which nevertheless has a stable underlying base.
What has the blockchain got to offer?
The confidence and guarantee emanating from any technology offering permanence of data without any centralized control is enough to turn heads, but when this same technology cuts across all geopolitical barriers and is transparent, it’s time to hitch a ride into the future.
Transparency is a driving force behind any globally inclusive investment tool. By seamlessly running smart contracts for immutable fund transfers within the buying, selling and leasing of properties, Elements Estates has developed an ecosystem that does not require building trust through fallible, human agencies. The platform will serve as middle point where real estate meets the core pillar of the Fourth Industrial Revolution — the blockchain.
For many it remains a passing imagination to own a dream house or be part of one of the most stable and successful industries — the real estate industry. Elements Estates brings that dream to reality by giving a decentralized audience the opportunity to get involved in real estate. For the first time people from every step of the ladder are directly linked to portfolios of distressed assets, which can be voted on and thereafter acquired and finalized by Elements Estates. This is all powered by an innovative utility token, the ELES token. Token holders can now easily rent or buy real estate assets across the SEE region without having to worry about currency conversion. Designed and developed with the utmost liquidity in mind, ELES will be paired with third-party payment gateways to further facilitate ease of access.
What distinguishes ELES?
Through the strategic use of ELES tokens Elements Estates project will create its own ecosystem driven by the platform. The aim is to maximize the growth possibility of the ELES token value through utilization of tokens in real life and to ensure that, the users of ELES tokens, the fund, the parties that we partnership with and in general also wider community, all benefit. Through the consultative management of the fund, up to 40 percent of issued ELES tokens will be kept as a liquidity fund. This means that because a large amount of traffic is expected in certain periods by token use, Elements Estates can ensure that in these peaks of token demands, they will be able to partially assist with supply of tokens on a market, but only up to 50 percent of requested amount at market price.
Highest percentage possible of maximum 40 percent will always be maintained as an operating liquidity pool, so those who use ELES tokens will have the ability to convert the funds back into Fiat currencies through our partner payment providers. This added liquidity will ensure that the Fund is also able to manage the properties within it effectively, never maximizing the Fund into capital, killing the liquidity element of the Fund. In doing so it ensures that there is a full operating capital element and small protection element for ELES token users.
Platform development
The aim is to develop the ELES platform to a BETA stage with basic (buy, rent and development overview) functionalities already before the start of ICO. Timeframe is presented in Roadmap below. The ELES platform will allow ELES holders to vote on which projects are to be adopted by Elements Estates. This decision-making ability will have an impact on the entire ELES ecosystem and ultimately contribute to the decision if the company will enter into specific, pre-chosen projects. Participants will be able to review summaries on different projects.
The platform will also display listed reports for projects. These reports will be based on all standard analyses (quantitative/static, and qualitative/dynamic with cash-flow projections) developed in partnerships with our real estate advisors from CBRE, Colliers and others, and an algorithm developed by the Elements Estates team that considers the level of risk and the associated rate of return.
As such, the algorithm takes the following parameters into consideration:
- Class of real estate (residential, commercial).
- Phase of development of real estate.
- Location of the property.
- Market attractiveness of the real estate.
- Required yearly yield.
For those who want to find out more about the project and/or follow them: https://elementsestates.io/en
They also got an MVP prototype live: https://prototype.elementsestates.io/