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Real Estate is a huge $217 trillion sector that has little or no share in the ever-increasing crypto market. Caviar is one of the first companies to realize this gap and has come up with a dual-purpose platform that has a token backed by real estate projects and a real estate crowdfunding platform, all rolled into one.
The team behind the inception of Caviar is Caviar Capital, a firm that has successfully handled multi-million dollar real estate projects in the past with positive results. They believe that investment in cryptocurrency is too volatile and many people realize it’s not backed by something concrete. So, their solution is to introduce a new cryptocurrency and platform that will make investments in not just the volatile crypto market but also include tangible assets in the US real estate market as well.
Minimizing the risks of the crypto market with the steadiness of the real estate market seems to be the goal of the platform, as well as raising funds for new real estate projects. Caviar Capital has performed well with real estate projects in the past with an average IRR of 16% and 0% default rate, even boasting 0% late payments in their latest redevelopment projects. Caviar’s success within real estate is proven but let’s take a look at their coin’s dynamics and philosophy.
The Tech Behind the Platform
The Caviar platform is based on the Ethereum ERC-20 token. The platform itself is based around their Intelligent Predictive Model (IPM). The IPM is an intelligent predictive model based on the Machine Learning technology for price forecasting purposes for both short and long-term timescales. This allows the system to have more effective asset allocation using a mixture of qualitative and quantitative metrics. All of the data is collected in real-time automatically and judgements are entered into the system.
High Returns and Diversified Investments
Since assets are in both crypto and real estate markets, investors can expect better returns from their investment in the platform while being protected from a major portion of the instability of the cryptocurrency market. Traditional investors can also benefit from the diversified portfolio that is normally very difficult to achieve in the real estate market with smaller investments, due to the high buy-in cost.
Caviar ICO
Caviar is launching a crowdfunding campaign starting from November 28, 2017. The funding goal is $25 million and the hard cap is set at 375 million tokens. The main ICO will start from December 12, 2017 and last until January 31, 2018.
80% of the money raised from the ICO will be invested directly into the Caviar platform and its intelligent decision making. 10% will be used to cover administrative costs with 5% going to development of platform technology and the remaining 5% going to a reserve fund.
To find out more about Caviar, visit the Official Website – https://www.caviar.io/