What do you do to earn and save money?
We all do have goals, and we SqPay believe that a very important goal is to save your money, multiply them and grant the source of passive income by retirement! Some people eager to earn 1000% per annum, but at the same time they involve a huge risk of losing everything, like in casino! Some people feel the right moment to stop, fix the profit and reinvest in conservative tools.
Nowadays enormous number of virtual projects attract substantial investments for product development. The probability of success and high profitability of such projects is small, and the chances of getting into successive project is even smaller.
Vast experience in commercial real estate assures us of a strong belief that even in the times of economic cataclysms this tool is the most secure protection of the assets. Many investors tend to keep their funds in a safe harbor with high profitability, but the threshold for entering such projects is sometimes very high!
In the SqPay.io project we strive to combine the Blockchain-technologies with the Real Sector — commercial real estate in street-retail with tenants!
To run the project and protect the rights of investors, we plan to register a mutual fund in the form of a trust in a jurisdiction with the most developed and progressive system of Anglo-Saxon law (currently considering HongKong and Switzerland). The trust will be the analog of the collective investment fund in real estate (Real Estate Investment Trust — REIT) in the US, providing a return rate up to 40% per annum. The trust manager (trustee) will be separated from the ownership of the trust assets to avoid the conflict of interest and will receive remuneration based on the financial results of the fund. Acquisition of assets in commercial real estate by the trust will be carried out on behalf of the trust and only in favor of investors (beneficiaries of the trust). The right of investors to hold the assets of the trust in proportion to the share of investment will be fixed in the Charter of the Trust and bound legally by mutually binding agreement — the trust rules published on the site and in the SqPay application, which is the token’ wallet. Tokens will be legally bound to the shares of the fund (trust) by the mutually-binding agreement. The application and database on the site will be organized based on BlockChain technology, which will allow investors to reduce the management costs for the payment of depository services and registrars, as investors themselves will act as guarantors of transactions for the sale of the fund’s (trust) shares. SqPay also plans to use and develop the use of BlockChain technology to verify the ownership of real estate in government offices.
PreITO starts on August 30, 2017 and early investors will get tokens with a significant discount of 50%, so hurry up, subscribe to our news and participate in our project https://sqpay.io/