prepping for the future of Real Estate on Blockchain.

Real estate has always been an attractive investment, but never accessible to every one. If you only have $100, instead of investing in property, you could only save it in a bank. Real estate ownership and investment has historically been reserved for the wealthy. But, this new kid on the block will break traditional channels and make real estate more accessible. Enter IA Tokens (IAT).

But, why blockchain?

Despite living in a high-tech era, real estate buyers still face numerous problems and limitations:

• Transactional Costs
  These inflated costs by third parties such as developers, taxes, brokers, and agents need to be cut in order for buyer to maximise profit. The total cost of buying and selling a property in the Philippines is at times inflated to as high as 24% of the property value. Blockchain can cut that total costs down by at least half by eliminating certain middlemen.

• Integrity and Security
  At the moment, real estate transaction records are stored and controlled by a central authority. We based on mutual trust to believe our records are in safe hands. But with more data leaks happening all around the world, this trust is eroding. In the context of data security, the immutability of data stored on blockchain is important as it provides security against malicious attacks like hacking.

• Transparency of Transfer
  Many information about past real estate transactions (histories, availability, pricing, market trends) is restricted only to the parties involved. For new buyers, we've to trust what our broker tells us. By storing these information on the blockchain, makes it accessible to every one to audit. The possibility of frauds and ownership dispute can be almost eliminated with the high degree of transparency.

• Time and Costs Savings
  The current process of ownership transfer is slow as it involves multiple parties and verifying of submitted documentation at different stages. Blockchain can streamline the flow of information for all parties involved in the transaction, making it accessible in seconds. Also, emerging platforms focusing on other functions like payments and listings provide a one-stop service that's fast and cheap compared to traditional channels.

• Restrictions to Foreign Investors
  Many countries have regulations that impose restrictions on foreign purchases. Either you cannot buy any property in the country or you need to meet some criteria before you're allowed to buy. However, a blockchain powered platform can be accessed by buyers and sellers from all over the world and will not have geographical limits.

By putting real estate on blockchain, we get a long lasting, better performing, highly liquid market. And at Instant Assets Tokens, a blockchain-based system of protocols, smart contracts, APIs and tools makes it possible to create a market where each real estate property has its own token (NIAT) that can be purchased with IAT.

…and why a two-token approach?

This model ensures that buyers and sellers are not being exposed to the volatility of the cryptocurrency market, which in return maximise benefits and minimise losses people might incur.

IAT will be distributed during Initial Coin Offering or ICO on the Ethereum network and will be ERC-20 compatible. The total supply is 4,500,000,000 and each token is priced at 1 IAT=$0.01, which all together are used to raise funds for the company to develop IAT blockchain and acquiring assets to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by their existing management company that's currently operational.

NIAT will be the local token equivalent of the IAT, which will reside within each individual real estate market and is pegged against the country's native currency. As such, each country will have its own NIAT. It will not be minted on its own and can only be purchased using IA Tokens.

…so how liquid is IAT or NIAT?

The main vision of the company is to create a highly liquid real estate ecosystem where token holders can freely trade and interact with other token holders, including investors who are looking to acquire IAT for their portfolio.

Other than actively acquiring listing with various exchanges so as to facilitate the trading and liquidity of the tokens, the company is also creating various channels of token utility to reduce the supply of the tokens and acquiring quality properties to be digitised into the ecosystem of IAT.

For NIAT, they will be reserving 20% of the funds raised to form a liquidity pool that purchases NIAT using the IA Tokens. Besides, the utility of NIAT is going to be amazing! You'll be able to use NIAT for the benefits below:

• Receive commission from agents and brokers
• Payment for brokers and agents commissions
• Listing of assets for rent and sale
• Receiving rental sale proceeds
• Rental payment
• Payment for asset management services
• Payment for tax advisory and other services
• Purchase of assets
• Payment for furnishing
• Payment for legal services

Okay! So what's the plan now?

IA Tokens has currently shortlisted projects, where at least 100 asset owners are interested to sell their properties with the total value amounting to an estimate of US$10 million. This is excluding commercial properties that the company are looking to acquire as well.

Here's a graphic that highlights the roadmap:

They're still at Pre-sale, which will conclude in a few days time before the crowdsale starts on 15 June.

In the meantime, the company has already secured several millions in strategic partnerships:

• Partnership Announcement
  https://medium.com/@IATokens/partnership-announcement-a9634f9338ad

• US$16 Million Partnership Announcement
  https://medium.com/@IATokens/us-16-million-new-partnership-signed-8e4faa830b89

• US$100 Million Partnership Announcement
  https://medium.com/@IATokens/us-100-million-new-partnership-signed-faf5aaa0cfef

• US$1 Million Partnership Announcement
  https://medium.com/@IATokens/us-1-million-new-partnership-signed-bd613d49bf8c

• US$6 Million Partnership Announcement
  https://medium.com/@IATokens/us-6-million-new-partnership-signed-611919ff71b3

• New Partnership with Land Asia Realty & Development Corp. Signed
  https://medium.com/@IATokens/new-partnership-with-land-asia-realty-development-corp-signed-6316fe06e9bf

Wow! So who's behind this awesome-ness?

CEO Lim Kim Hwee, leads a team of seven professionals specialising in different fields from marketing, to events and operations. He has more than 20 years of experience in business consulting, sales and marketing. Not only that, he founded RBG Philippines Inc., Realty Beacon Philippines Inc., Realty Beacon Pte Ltd, and recently created Digitokens Inc., a cryptocurrency company that offers digital assets to global investors.

Overall, the team is knowledgable and equipped with extensive networks in the real estate industry. Zi Kai, the co-founder, alone has 10 years of experience in the real estate industry and has invested in properties in Singapore, Australia, United Kingdom, Malaysia, and the Philippines.

Although the team is extremely qualified in the business aspects of a real estate industry, as of today, there's no public listing of developers who are skilled in blockchain and technicalities of the project. So, the capabilities of the development work cannot be accessed until the MVP is released. Nevertheless, the website is beautifully designed and the use cases are well-written. Besides, most of the CEO's businesses are strategic entities of the ecosystem.

• DigiAssets Pte Ltd
  DigiAssets Pte Ltd is a Singapore registered entity and will be the company wholly in charge of the management of Instant Assets Tokens (IAT).

• Realty Beacon Philippines Inc.
  Realty Beacon Philippines Inc. (RBPI) is a property management company registered in the Philippines and will be managing properties pegged to the IAT efforts discussed in the whitepaper. In the last five years, founders of the company have transacted over one 1 billion pesos worth of properties which essentially lead to the setting up of RBPI.

They also plan to set up a non-profit organization named Public Company Limited by Guarantee in Singapore whose main task is to support the development team and will be the ICO fundraising entity. The registration will be done upon the legal advice being finalised.

All in all, these strategic partners and businesses will definitely be great help to IAT making the dream of owning real estate more attainable again for everyone.

Stay tuned at their respective channels for updates:

Website: https://www.iatokens.com/
Medium: https://medium.com/@IATokens
Telegram: https://t.me/iatokens
Facebook: https://www.facebook.com/IATOfficial/
Twitter: https://twitter.com/IA_Tokens