Global Reit ICO Review- Real Estate on the Blockchain

in #crypto6 years ago (edited)

global reit ico.jpg

The Global Reit ICO presale is scheduled to start in less than 24 hours.

Real estate can be a difficult industry to operate in, but Global REIT is hoping to deal with a number of those problems and it is their intention to use blockchain technology in order to just make things so much easier. However, how are they planning on doing that, and what exactly is it that they are going to offer?

What is Global REIT?

Its main aim is to make it easier for global real estate investors to effectively build their portfolio without having to move through as many obstacles as was previously required. They plan on using the REIT investment approach whereby the investment company owns a number of real estate options generating income and revenue for the stakeholders. Of course, in this instance the stakeholders are going to be those individuals that own tokens with each token effectively representing a share in the real estate that is under the control of the parent company.

Also, by purchasing tokens they state that it will also open up the possibility of getting shares in future assets that are brought onto the platform. Furthermore, by using blockchain technology it does mean that there are a number of benefits afforded to the investors thanks to the level of transparency and security that surrounds the blockchain.

The Technical Aspect of Global REIT.

Perhaps the key thing to mention here is that the technical side of things is more straightforward than their product perhaps alludes to. At first, you may think that it involves purchasing aspects of real estate, but that’s not the case. Instead, view tokens as being something similar to shares in the parent company and the assets that they manage, which is solely different forms of real estate, and you will have a better picture of what to expect.

Upon subscribing, you are given two different types of tokens, GRET and GREM. The GREM token refers to the fund management part of the company while the GRET refers to the asset management aspect of the company.

From the technical perspective, you simply purchase the tokens and can then hold onto them in order to get the revenue or trade them as the price fluctuates. This is the company seeking to raise additional funds for their investments with you able to take part via the creation of a Smart Contract in relation to the number of tokens that you own with the transaction taking place via the blockchain to provide complete transparency at all times.

The Advantages of Global REIT.

There are various advantages associated with the Global REIT opportunity with perhaps the main one being that it is a method to invest in property without diving in too deep or risking too much money. Also, having tokens in both areas does spread the risk even further as they are two different arms of the same company so being involved in both does make a lot of sense.

Furthermore, if you have more than 5000 tokens, then you will be provided with free stays at the properties every single year as a reward. If you have more than 100,000 tokens, then you will also be able to sell them back to Global REIT.

The Financial Aspect and the ICO

Clearly as we are dealing with an investment opportunity, then the financial side of things will prove to be even more important than usual. When we look at the financial aspect, then it provides us with a clearer idea of what to expect from the company in general, and it makes it easier for us to decide if this is something that is worthy of our investment.

For the ICO, they are looking at accepting fiat currencies as well as BTC and ETH providing you with a number of options to explore. However, there is a minimum investment to take part in this project, and the minimum investment has been set at $100. If you live in either the United States or Japan then you will be unable to take part thanks to various restrictions that are in place.

There has also been both a soft and hard cap put into place for this ICO. The soft cap has been set at $5,000,000 while the hard cap has been set at $20,000,000 which is still not that high compared to other opportunities that are out there.

There will be a total of 16,650,000 tokens made available for the ICO, and this is going to equate to 22% of the total tokens that are being created. There is an exchange rate in place of 1 GERT equating to $1 providing you with a sense of what to expect and how the company is viewing its financial position.

Overall Conclusion About Global REIT and the ICO

This is one of those opportunities where it is certainly far more about the investment aspect rather than expecting a service or product at the end of it all. To be honest, there’s no real need to have a firm understanding of real estate and investing in a portfolio as the key here is in the way that the tokens themselves can operate.

Having tokens in both spheres of the business is certainly a good idea as it does spread the risk, as well as the possibility of making money, but overall the most important thing is how they then use the investment and whether or not they can turn it into revenue. If they can, and they are starting in the Middle East, then this is the kind of investment that could generate monthly revenue without you having to do anything. If not, then there could be a real sense of frustration and a need to try to sell those tokens on the open market.

The real estate market is always going to grow at some point, so using the blockchain in order to build assets and a portfolio is a good idea. Whether or not this is the opportunity for you remains to be seen since it depends on where the parent company is planning on investing the money as to whether or not this all works.

Website: https://www.globalreit.io
ANN Thread: https://bitcointalk.org/index.php?topic=3341986.msg34966361#msg34966361
Bounty Thread: https://bitcointalk.org/index.php?topic=3352552.0
Telegram: https://t.me/GlobalReit

Check my other ICO Reviews:

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hey impressive project helpin people to invest in real estate . The blog was very helpful :-)

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