IAToken - Providing Real World Solutions & Utilities
- What is Instant Assets Tokens (IAT)?
The IA Tokens concept is a form of real estate tokenization and will be released via a process of Initial Coin Offering or ICO on the Ethereum network and will be ERC- compatible.
Funds raised from this ICO will be used to develop the IAT blockchain and assets will be acquired to form the initial bulk of properties in the IAT ecosystem. The asset management will be undertaken by our existing management company that is currently operational.
- What Problems Does IAT Solve?
Despite the potential profits of real estate market, buyers find numerous problems and limitations regarding real estate. IAT, to maximize benefits and minimize losses people might incur, aims to solve problems such as:
All Round Transactional Costs
Integrity and Security
Transparency of Transfer
Time and Costs Savings
Restriction to Foreign Investors
- What is IAT’s Ultimate Aim?
IAT aims to make property investment easily available to the masses by eliminating the traditional barriers which we have mentioned above through the digitization of assets.
Utilizing smart contracts, terms of the transaction such as sale price, rental rate and commission will be pre-agreed and is immutable until the completion of the transaction.
- What is the Utility of IAT?
The IAT ecosystem aims to target the various areas of the real estate market. As such, the platform will be providing and supporting the following utilities:
Purchase of Assets
Payment for Asset Management Services
Payment for Furnishing
Payment for Tax Advisory and Services
Payment for Legal Services
Payment for Agent/Broker Commission
Listing of Assets for Sale or Rent
Receiving Rental/Sale Proceeds
Receiving commission for Agents/Brokers
- Token Allocation
- ICO Listings
- Road map
ANN thread: https://bitcointalk.org/index.php?topic=4028883.0