GLOBAL REAL ESTATE INVESTMENT TRUST

kitanodebunmi (36)in #blockchain • 6 years ago

Investment is a really popular topic these days; investment can be defined as a placement of capital in expectation of deriving income or profit from its use or appreciation. For one to be really wealthy, there is no escaping having investments. We have all heard stories about really wealthy men like Bill Gates; they all have one thing in common which is investment and these investments could be in any form but the most common form of investment now is real estate or "landed property".
Real estate investment is a really lucrative investment option that more people keep investing into it. Although real estate investment is a really common investment option, getting into it could prove a little difficult.
Most people would love to own properties abroad and locally and this is not as easy as it sounds.

Different countries have their unique rules and regulations regarding investments made by foreign investors, some have really strict rules and some, not so strict. Apart from all the rules, some countries also require some financial requirements asides the acquisition of assets. Investors would need to pay the necessary registration fees and taxes associated with the assets acquired which sums up to a whole lot of money once the initial asset acquisition cost is added. All these challenges associated with investing are a lot and they really stretch out lots of investors.

These challenges actually gave rise to "Real Estate Investment Trust"
Real Estate Investment Trust is a corporation that owns and finances real estate assets. It can be privately owned or publicly listed but it is essentially run by corporate stake holders.

How Real Estate Investment Trust works.

Despite the numerous benefits of Real Estate Investment Trust, there are still a few downsides which leads to the idea of merging Real Estate Investment Trust with blockchain technology.
Blockchain technology has been a go-to investment option since 2009 when the world witnessed the inception of digital currencies with the introduction of bitcoin.

Why Merging Real Estate Investment Trust with Blockchain Technology?
The merging of Blockchain Technology gave rise to Global Real Estate Investment Trust which holds additional benefits that traditional Real Estate Investment Trust does not provide;
The token holders of Global Real Estate Investment Trust would have the opportunity to get instataneous monthly dividends by virtue of their investment, asides that they would also have the opportunity to participate in the fund management income among several other benefits.
The main aim of Global Real Estate Investment Trust is to create a Real Estate portfolio that offers more benefits than the traditional real estate investment trust.

ICO DETAIL
The ICO would offer two tokens, 25% and 75% respectively.
Global Real Estate Investment Trust fund manager token(GREM) and Global Real Estate Investment Trust asset token (GRET).
GREM with a total supply of 200,000,000 tokens and GRET with a total supply of 75,000,000 tokens. Initial price of GREM would be $0.07 per token while GRET would be $1 per token.

Distribution of Tokens.