GLOBAL REIT

in #blockchain6 years ago

Blockchain has been praised as being the most innovative technological development since the internet itself. Every day, we’re learning new ways how we can integrate blockchain technology into contemporary society, making it easier and safer for businesses to send and receive money across the world. But in spite of all of this, blockchain still faces a huge obstacle in its path: its reputation.
Since its inception, the blockchain community has struggled to shake its lawless image. Between 2011 and 2013, Bitcoin was used to buy and sell illegal goods online. And while facilitating illegal transactions is not what Bitcoin was designed for, the uninformed public still associated the world’s first cryptocurrency with the black market.
The unfortunate truth is that the actions of a few have tarnished the image of cryptocurrency, causing uninformed members of the public to view blockchain technology as dishonest or illegal. Some examples of this that have drawn public attention include:

The Bitconnect Crash: A Ponzi scheme marketed as a lending service, Bitconnect went from being worth $2 billion in market value to a total value of $9,200 as it quietly decided to shut down — wiping out life savings for some investors.
The BTC Global Scam: Nearly 30,000 people, mostly from South Africa, Australia, and the United States, were scammed out of $50 million by scammers pretending to be an investment management company.
ICO Scams: There have even been a few cases of fake businesses taking the time to build legitimate websites, create fake employee profiles, and establish an active presence on the internet, all so they can give the appearance of being a legitimate blockchain project so they can attract investors. After their ICO, they vanish without a trace — taking investors’ money with them.

And those are just some of the more publicized scams. There are countless scammers on Twitter, as well as chat apps like Telegram and Twitter, who claim to be blockchain developers who promise you thousands of dollars of free cryptocurrency as long as you send them a small investment of $200 or $300 beforehand.

The problem with the current business model commonly used in blockchain projects is that it focuses on investors who’re already involved in cryptocurrency. And many of these crypto investors aren’t interested in what these projects can do, but rather how much money they can make buying and selling coins and tokens.

GlobalREIT believes that the future success of blockchain requires onboarding the people who stand to benefit the most from the various projects. For this reason, they have played a big role in promoting their services to entrepreneurs and traditional business investors and general public that stand to gain the most from its services.

Global REIT is the first ever Blockchain based Sharia-compliant REIT to be launched in the market.It is offering investors exposure to global real estate markets without the necessity of acquiring an entire property and shift the management and compliance obligations to the fund management.

Global REIT will acquire assets starting from U.A.E. and rapidly enter properties in jurisdictions worldwide. The first Asset under Management(AUM) will have a Net Asset Value (NAV) of USD 75 million and the total portfolio value of Global REIT is projected to reach USD 10 billion by end of 5 years.

FEATURES OF GLOBAL REIT

• REITs are a platform for diversifying a long-term investment portfolio
• Income of a REIT is generated through rent earned from its owned-asset
portfolio, interest earned by financing real estate assets or sale proceeds
upon sale of assets under management (AUM)
• 90% of income generated by REIT is distributed as dividend to its
shareholders
• Publicly listed REITs are a liquid investment vehicle

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