Elements Estates: Blockchain-Based Project with Underlying Real Estate
By using blockchain technology Elements Estates is creating a platform that will enable everyone to benefit from real estate opportunities in distress market. It will act as a transactional hub between a fund and the ELES (Elements Estates) token holders themselves who will benefit through the increasing value of ELES token. Twinned with that, the ELES token will be used as payment means in every transaction related to properties owned by the Fund to ensure safety, security, and transparency. All services will be payable solely in ELES tokens that will be offered to users in the upcoming ICO event as described in this Whitepaper. The ELES token is one of the first cryptocurrencies to combine distress real estate opportunities with blockchain technology. The ELES token is classified as an utility token since the owners will not have any ownership or shares of the corporate private fund and do not receive any dividend. However, they will be able to benefit from its use and deployment through the platform

What is Elements Estates:
The Elements Estates project will encompass the novel ideas of cryptocurrencies and asset management through decentralized ledgers, based on blockchain technology. Elements Estates 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:

1. 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.
2. 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.
3. 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.