DOMINIUM
YOUR REAL ESTATE BUSSINESS SOLUTIONS
Global Real Estate Problems Today
Real estate and property business today worth 217 trillion USD, but still moving on traditional way. The developer and investor always encountered a problem such as complicate regulations limited by institution centralization and authorization. The main disadvantages of property and real estate business on today is illiquidity where money in real estate is almost exclusively tied to long-term investment .
In traditional way, developer often meet the big costs of law legalizations and bound to complicated bureaucracy and regulation of law, AML/KYC check and others rules.
The technology Has rise so fast today, especially internet it has effect on how the business run is, from traditional to digitalization. It also impacts to real estate and property business which make it easier, effective and efficient. But it doesn’t man it has no problems. the developer ad investor still faced the complicated and tied bureaucracy of law and others problems. one of the best solutions of all of those problems is the innovations and revolutions of prop-tech or property-technology. Prop-tech is a platform of technology that optimizes (sub) processes or business models and builds new business models in the property or real estate industry. The first proptech platform in the world is DOMINIUM.
What Is Dominium
Dominium is a blockchain based property platform which aims to modernize one of the most established yet antiquated industries in the world. It is an international platform on which regulatory documentation for property funding is standardized, and assets are placed on the blockchain alongside property sales, rentals and management. The Dominium property platform will allow users to list, trade, finance and manage property assets utilizing a suite of tools, with all activities safely recorded on the blockchain. Business tools will include full Client Relations Management, project management and maintenance systems.
The Dominium platform is built on an Ardor child chain. This child chain decentralizes the trade of assets and places rental agreements, purchase agreements, property management tasks, and more on the blockchain. After obtaining the required regulatory licenses, this will allow companies to create regulatory compliant assets, with standardized documentation (provided by Dominium's legal teams), which can be purchased by the Dominium account holders.
Why Dominium
The transaction security become main consideration in every business, such as agreement letters, legal letters and transaction data. In traditional ways, all those data will be stored in paper documents or digitally stored on a computer and have the possibility of missing / burning records or lost.
Through Blockchain technology system, it won’t happen because all transactions proof and data is decentralizations and has the impenetrable security. So, it more saver than traditional way.
By placing property finance, listings, and property management on the blockchain and by providing a multi-lingual platform with standardized regulatory compliant documentation, the market is opened to multiple nationalities, affordability levels and listing agents. Real estate finance, management, and trade are thus facilitated and simplified.
Dominium offers two main platforms as services. The first platform is for investing in real estate. Investors can participate in the market with as little as one share or token, opening up real estate investment to anyone through the decentralized Asset Exchange. This will allow fully liquid peer-to-peer fund trading between investors without the need of a fund manager or third party. Obviously, all users need to be identified and whitelisted to ensure adherence to jurisdictional regulation.
Dominium will be:
• a platform that allows companies to create real estate funds, bonds, and loan notes, with these assets represented by tokens on Ardor, in a way that complies with government regulations;
• a marketplace for investors to buy and sell those tokens in a compliant way;
• a set of tools to help fund managers, including templates for regulatory documents, a support ticket system, and marketing materials;
• a marketplace for users to list, purchase, and rent properties; and,
• a public database that records historical data related to properties, such as changes of ownership, payments by tenants, maintenance records, and the like.
• Assets created on the blockchain will be completely transparent and the asset tokens will be tradable on the Dominium platform thus making them liquid.
• Dominium will operate two types of tokens. The child chain’s native token is called DOM, and users pay transaction fees to Dominium through that token, which makes it a utility token.
• The standardized, regulatory compliant assets created on Dominium, will be the second type of tokens, as they will represent property funds, bonds, loan notes, project finance, etc. and as such are security tokens.
The second platform offered by Dominium is a utilization of blockchain technology for managing individual properties. Property managers, tenants, agents, and real estate professionals can record information on the blockchain. As a result, this fully decentralized information is truly transparent, impenetrable, and unchangeable by parties interested in recording information to their benefit. Full property and renter transparency, with blockchain handling the bulk of the recording work, will make every part of the property management and rental business smoother and more advanced.
Platform Features In Detail
Financing/Investment
• Investor can register themselves ( AML/KYC check sin place)
• Investor can select the assets
• Payment available in multiple currencies
• Returns paid out on prepaid credit card if request
• Assets tradable once purchase at very low trading fees
Sales
• Investment document adhering to regulatory requirement as a legal template
• Compliance document regularly update
• Assets stored on the Dominium child chain
• Access to verified investors
Management
• Properties listed in project management system
• Repairs and maintenance schedules
• Tasks managed on platform
• Communication between managers and tradesmen
• Creates transparent maintenance history
Rentals
• Tenants can register interest in property
• Standard rental agreement programmed into the system
• Landlords and tenants can use the platform to sign and pay
• Option to secure deposits in Dom Token
• Deposits recorded on decentralized Dominium Blockchain
SELF SUFFIENCY EXPLAINED
Funds are being raised through a PRE-ITO (Initial Token Offering) and an ITO where Dominium Tokens ( DOM ) are being offered. A large proportion of funds raised will be used to purchase property in Netherlands, German dan The UK. The property portfolio will yield in return which will be used for the ongoing management and future development of the Dominium platform to ensure its long-term financial security
DOM tokens are used to pay for all activities on the platform, such as:
• Creation of Assets
• Trading of Assets
• Creation of support tickets
• Voting for charities
• Listing a property for sale
• Listing a property for rent
• Registering a rental agreement
• Registering a purchase agreement
Fees charged on DOMINIUM are charged in EURO, but can only be paid in DOM tokens:
• €0,25 for each support ticket creation
• €0,50 to vote for a charity
• €1,00 to buy an Asset
• €1,00 to sell an Asset
• €1,00 to list a property
• €2,50 to register a rental agreement
• €5,00 to register a purchase agreement
• €500 to create a non-regulated Asset (exempt)
• €2,500 to create a regulated Asset
ROAD MAP
Dominium Will Be the first prop-tech platform to be self-sufficient, with future development secure by real world property asset ownership
For further and complete information, please visited these links below:
Official website: https://dominium.me/
Sociall media : https://twitter.com/Dominium_me
https://www.facebook.com/Dominium.me/
. https://t.me/dominium_en
https://www.linkedin.com/company/dominium.me/
https://www.youtube.com/c/Dominium_Blockchain
https://medium.com/dominium
https://www.reddit.com/r/dominium_blockchain/
Bitcointalk username: mafiaxl
Link to the content: https://steemit.com/bounty/@edenakbar/dominium-the-first-prop-tech-platform-how-to-make-your-real-estate-business-safer-efficient-and-effective
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