Welcome my friends to the exciting new ICO today and let's take a look at their great idea:
Instant Assets Tokens
The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform.
To break the real estate traditional channels, IAT will develop its own web portal to cater individual owners, agents/brokers, clients and all the IA Token holders. The portal will feature various functionalities and wide range of services.
Despite the potential profits of the real estate market, buyers face numerous problems and limitations. IAT, to maximize benefits and minimize losses people might incur, aims to solve the following through the adoption of the
- All Round Transactional Costs
- Integrity and Security
- Transparency of Transfer
- Time and Costs Savings
- Restrictions to Foreign Investors
Utilities & Benefits
The IAT ecosystem encourages the use of NIAT for these benefits.
Tenants are encouraged to use NIAT for paying rent and rate reduction will be provided.
The company will be looking to bring in various merchant partners into the IAT ecosystem to increase the avenues of usage. One such merchant is “Beacon Cloth Care” who is providing laundry services, there are currently 2 outlets in Makati and the merchant has plans to expand the operation to a total of 100 outlets by the end of 2018. NIAT will be used to prevent volatility in the cost of the merchant’s goods and services.
Purchase of Assets
NIAT can be used to purchase assets and resides within the IAT ecosystem.
Payment for Asset Management Services
Tokens holders can opt to utilise NIAT to make payment for our asset management services. Further discount on the fees will be given to encourage the use of NIAT.
Payment for Furnishing
Tokens holders can opt to utilise NIAT to make payment for purchasing items for furnishing their asset. Further discount on the fees will be given to encourage the use of NIAT. NIAT will be used to prevent volatility in the cost of the merchant’s goods and services.
Payment for Tax Advisory & Services
Tokens holders can opt to utilise NIAT to make payment for engaging the services of tax advisors. Further discount on the fees will be given to encourage the use of NIAT.
Payment for Legal Services
Tokens holders can opt to utilise NIAT to make payment for engaging the services of lawyers or legal advisors. Further discount on the fees will be given to encourage the use of NIAT.
Payment for Agents/Brokers Commission
In the event where commission is required to be paid to the agent/broker, tokens holders can opt to pay the commission of their agent/broker with NIAT.
Listing of Assets for Sale or Rent
Tokens holders can opt to use NIAT for paying listing fees when they list the assets on the web portal. The company will provide discounts on the fees if NIAT are being used. Listing may be initiated by either agents, brokers or individual owners.
Receiving Rental/Sale Proceeds
Asset owners can opt to receive rental or sale proceeds in the form of NIAT. The IAT ecosystem will also allow the asset owner to provide a slight discount to the tenant or buyer as an incentive for utilizing NIAT for the transaction.
Receiving Commission for Agents/Brokers
Agents/Brokers can opt to receive their commission in the form of NIAT. The IAT ecosystem will also allow the agent/broker to provide a slight discount to their clients as an incentive for utilizing NIAT for the transaction.
Token Economics and Timeline
IAT will be issued via a Token sale with a total supply of 4,500,000,000 IA Tokens. The price of the IA Tokens will be pegged to US$0.01 per token, ETH and BTC will be accepted. Value of tokens for sale will be US$20 million (inclusive of Early Investors, Pre-sale and Crowd-sale) with distribution according to the table below. Unsold IA Tokens (cap at 40,000,000 IA Tokens) will be given to charity organizations and remaining IA Tokens will be burned. Pre-Sale will commence in early April with the crowd sale subsequently commencing in 15 June 2018.
The allocation of reserved tokens is targeted at increasing the overall portfolio value of the company by acquiring more assets mainly targeted at the co-working space segment. However, the reserved tokens will only be released and made available for usage when assets acquired from utilising the funds of the initial tokens sale has reached a minimum of 50% occupancy rate.
Soft Cap Allocation
The Business Growth Strategy
We have currently shortlisted projects, where at least 100 asset owners are keen to sell their properties with the total value of the assets, amount to an estimate of US$10 million. This is excluding commercial properties which we will be looking to acquire as well.