EE in famous Slovenian crypto magazine
From 2016 creating ICOs has become really popular with start-up projects around the globe. We have seen a lot of sectors take a big turn and added blockchain technology to their idea. As a result, we have witnesed a lot of ideas come to life. Now we have an interesting review of a real estate project that has set foundations on blockchain technology.
The project is Slovenian based startup called Elements Estates. The project will encompass the novel ideas of cryptocurrencies and asset management through decentralized ledgers, based on blockchain technology. They are building an online platform that will introduce to the market real estate initially deriving from distress asset at favorable prices. Until recently, this 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.
https://cryptoworld.si/blockchain-welcomes-real-estate-project/Elements Estates is creating through its platform a closed ecosystem. In this ecosystem platforms native tokens (ELES tokens) will be used as the main or exclusive payment for all the services provided on the platform. Elements Estates real estate projects will be structured in to three main catagories:
Tourism: Theese will be the properties (within the portfolio on the platform) that will be rentable for a certain period of time. You will be able to rent an apartment with ELES tokens.
Commercial: Theese properties will be used exclusive for bussiness purposes.
Residential: The main sector on the platform will be residential real estate properties that will be used for individuals and families for living.
ELES platform process description
In the private-presale process, contributors will also be able to submit their contributions in fiat currency besides BTC, ETH and BNB tokens. However, only BTC, ETH and BNB tokens will be accepted in public-presale and the ICO.
Funds will be transferred to Belize or EU regulated entity. This entity will then acquire real estate portfolio through local SPVs.
The Elements Estates team aims to unlock the hidden value of the real estate via restructuring and development when required and then list finalised properties on ELES platform.
Sell process or renting units. Buyers (non-ELES token holders) and contributors will be able to buy or rent units only with ELES tokens. Buyers (non-ELES holders) will be able to acquire tokens through crypto exchange or they will pay to ELES platform in fiat currency and platform will then, according to the mentioned limitations, buy tokens for them on exchange in shortest possible time. In case of higher demand for ELES tokens, ELES platform will add additional liquidity through Liquidity pool.