The real estate industry is estimated to be worth $217 trillion, making it one of the most lucrative sectors for investment. However, in spite of the high returns, it remains closed to a wide array of audience due to the high entry fee, slow ownership transfer, and high transaction costs. It has made the real estate industry an exclusive domain for the moneyed ‘big boys’. But the normal audience who craved for a slice of the real estate pie now has a reason to smile as Alt.Estate is here and looks forward to solving some of these problems and making it easy for you to venture and conquer the real estate pie.
What Is Alt.Estate and How Does It Work?
Alt.Estate, a financial technology company has created the protocol and a platform for real estate tokenization to push the real estate market towards true-decentralization.
Driven by the urge to democratize the real estate sector, Alt.Estate aims to become an industry standard for the tokenized real estate transactions. According to the whitepaper, Alt.Estate Protocol consists of the smart contract technology, corporate structure and legal compliance features of property tokenization. It offers all big existing players – real estate developers, brokers, marketplaces and crowdfunding platforms – a turnkey solution for property tokenization with no infrastructure costs. Alt.Estate’s team has already created 20+ smart contracts and a smart contract builder which allows to develop hundreds and thousands of them in a quick and easy manner and to ensure the legal property rights with tokens.
What Benefits Does Alt.Estate Bring to Investors?
According to the company’s website, Alt.Estate aims at making real estate more accessible to the crypto traders, crypto owners, middle class as well as crypto whales. It makes it possible to buy and sell tokenized real estate assets in a trusted, fast and smooth manner with instant transactions at low costs. With Alt.Estate, anyone can list their property or part of it on the platform and at the same time, anyone can become a buyer. Alt.Estate eliminates the boundaries, third parties, prohibitive regulations and opens the market to a wide array of audience.
Alt.Estate will lower the entry ticket size. It will be possible to buy a fraction of a property from any part of the world. It will also be possible to sell a fraction of the property without border limitations.
With Alt.Estate an investor will have a chance to diversify his investment portfolio. For instance, it will be possible to buy tokens of a Brooklyn penthouse, warehouse in Shanghai and villas in Tokyo.
Alt.Estate ICO details
Alt.Estate pre-sale ended on April 10, 2018. The public token sale will run from May 1 to May 31, 2018. Price will be 0.00001 ETH (1 ETH = 100,000 ALT). interested investors can use Ethereum or Bitcoin for payment. The minimum purchase will be 30,000 tokens.