DOMINIUM:THE WORLD’S FIRST GLOBAL PROPERTY PLATFORM ON THE BLOCKCHAIN
Project Overview
What does the company/project do?
Dominium is a decentralised, regulated, property financing, property listing, and property management platform. It is an international platform on which regulatory documentation for property funding is standardised and assets are placed on the blockchain alongside property sales, rentals, and management.
Dominium want to use the innovative blockchain technology to distrupt the multi trillion dollar global real estate industry which has been slow to adopt new technological solutions and limited by centralization from authorities, agents and financial institutions.
Dominium place property finance,listings, and property management on the blockchain and also provide a multi-lingual platform with standardised regulatory compliant documentation which will open property market to multiple nationalities, affordability levels and listing agents.
The platform is built on an Ardor child chain.The reason for using Ardor child chain is to decentralizes the trade of assets and places rental agreements, purchase agreements, property management tasks, and more on the blockchain.
Dominium is underwritten by a portfolio of property assets generating an income and ensuring the future development and maintenance of the platform.
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 standardised, 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.
How advanced is the project?
Dominium is being developed by a group of real estate professionals with industry experience dating back to 1833. The initial idea was form in 2012 to create a blockchain platform for property funding. The project’s development starting from 2016 is as follows in the diagram below:
What are the tokens used for and how can token value appreciate?
DOM tokens is the unit of payment on the platform. It will be used for activities such as creation and trading of assests, listing a property for sale and for rent, renting and purchasing of a rental agreement e.t.c.
Apart from using token for payment in the platform which will increase its value as many people are using the platform for real estate activities. The project also has two new ways to increase the value of the token. The first one is yearly token burn which will be audited and publicly announced, the second way is their buy back program which ensures token value is maintained regardless of cryptocurrencies market fluctuation. Income generated by the platform will be used to buy tokens back regularly which ensure a steady demand for the token.
Team
The project has 23 people in combined which are made up of directors, advisors and countries ambassadors. he biographies of the key team members are summarized in the image below:
Conclusion
Dominium is another real estate blockchain project that want to tokenized the multi trillion dollar industry. Dominium team made up of experienced members in real estate and blockchain industry and they have what it takes to make this project a huge success.
Useful Links
Project Website
Whitepaper
ANN Thread
Telegram Open Chat
Blog
Reviewed By Adebits
Bitcointalk Username: Adebits
Bitcointalk URL: https://bitcointalk.org/index.php?action=profile;u=1249179