HabibiCoin: The Real Estate Backed Crypto Currency

Hi dears, another interesting project is being started. First of all, for who missed the previous entry, what's a cryptocurrency? To be fast and concise, it is a digital medium of exchange. And the next question would be... What's your use? It is also easy to guarantee the security, integrity and balance of your financial statements by means of a network of agents (segmented file transfer or multisource file transfer) that verify (untrust) each other called miners, which are, for the most part, general public and actively protect the network (the web) by maintaining a high rate of algorithm processing, in order to have the opportunity to receive a small tip, which is distributed randomly.

All this racket of cryptocurrency has been increasing exponentially, however, most people know nothing about how blockchain technology works, what a smart contract is and how it could be used. For this very reason, I will first of all carefully introduce this type of blockchain technology.

The blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc. An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

After this brief introduction to the broad topic of Blockchain and Smart Contracts, we can already see that this technology opens many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc.

As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been agiler in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

For this reason, I want to introduce you HabibiCoin, an asset backed token (a far more stable investment compared to others), all the proceeds are invested into real estate to back the coin providing stability compared to non asset backed tokens.

Habibi Currency (HBB) (https://habibicoin.io/) is a community solution to help its members participate in fractional real estate property without having high income, credit scores or co-signers. The average person can never be a real estate owner or investor due to the strict prerequisites of the lenders. A significant part of the market is underserved. Habibi aims to create equal opportunities for anyone to participate in real estate.
The project is focused on government backed projects, developments with large scale reputable developers with extensive track records, housing societies, new towers and multiple other areas like commercial, flipping, fixing, leasing, pre sales, Airbnb’s and so on. In order to success, Habibi Team has to develop more customized, fintech solutions that address the faith first, the economics second, and the end user value and protection third in order to meet the growing needs of their community. Through the creation of Habibi coin, the main objective of Habibi is to help break down barriers to entry in the market, address the high fee structures, and reduce risks for investors and individuals. They aim to create diversification, reduce intermediaries in the processes, create opportunities for multiple owner structures, and reduce foreign ownership barriers.
Habibi Coin works with homeowners to assess their situation, mortgage product and circumstances. Once approved, then buy the mortgage in full, becoming essentially the lender. All interest is completely eliminated from the equation. The owner of the house ends up paying 80% of each monthly payment directly towards the principal debt. This helps homeowners pay off the debt in less than half the time, in addition to reducing worry, stress, fear, uncertainty and doubt. Habibi currency also protects the homeowner from foreclosure. With the Habibi Coin system, if the owner fails for a certain period of time the property is put on sale and the owner receives a check for the capital that has accumulated on his property for years of making payments. This ensures that your hard work is never lost, that your asset is protected and that it is fully owned in half the time. A true community solution for its members to create economic prosperity and security for themselves and their families.
HabibiCoin is divided into a few sectors that influence the price of the currency. Being a token backed by assets, the price of the currency can not go below a certain threshold. The following image shows the main characteristics of the HabibiCoin currency.

• Global real estate portfolio: The realization of real estate gains and cash flows creates value for the symbolic holders without the risk of devaluation, volatility or speculation.
• Eliminates the debts that accrue interest: Purchase of mortgages for our community, completely eliminating the interest in the home purchase process.
• Best Homeowner: Reduce the useful life of the mortgage, payments directly to the main equity of the home is protected from foreclosure
• Social Philanthropic Model: A global community solution for the community by the community to preserve economic prosperity within the community.

Airdrop

The project gives the opportunity to earn HabibiCoin (HBB) tokens performing some social media tasks and doing simple steps from the bounty program explained into the Bitcointalk Platform. Here (https://bitcointalk.org/index.php?topic=3278343.msg34177361#msg34177361) you can access the link in order to see what are the conditions to become an early HBB contributor and start acquiring tokens.

Doesn't that sound interesting? If you are interested in this airdrop or basically in the ICO, you can read their Whitepaper here (https://habibicoin.io/White-Paper.pdf). You can also stay tuned in their official Telegram group (https://t.me/HabibiCoinIO). I hope you liked the post and soon I'll send you new ones.

Roadmap

Date	Events
July - August 2017	Project Concept Development.
September - November 2017	Legal Structure Development.
November - December 2017	Team creation.
January - July 2018	Marketing / Project Publications.
January - February 2018	Preparation for Pre-ICO.
February - April 2018	Project Publication.
30th April - 17th June 2018	Holding of Pre-ICO.
18th June - 18th July 2018	Holding of ICO.
August - October 2018	Property Investment Phase 1 begins.
August - October 2018	Mortgages buyout phase 1 begins.

Token details
Token: HBB
Platform: Ethereum
Type: ERC-20
PreICO price: 1 HBB = 0.03 USD
Price in ICO: 1 HBB = 0.05 USD

Token Distribution

Extra details

PRE-IСO [30 April 2018 - 17 JUNE 2018]
ICO[18 JUNE 2018 - 18 JULY 2018]

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Twitter: http://bit.ly/TwitterHabibiCoinIO
Facebook: http://bit.ly/fbHabibiCoin
Telegram: http://bit.ly/TelegramHabibicoinIO
YouTube: http://bit.ly/HabibiCoinYTB
Instagram: http://bit.ly/InstaHabibiCoinIO
Medium: http://bit.ly/MediumHCio
Slack: http://bit.ly/HabibiCoinSlack
Quora: http://bit.ly/HabibiCoinQuora
Whitepaper: https://habibicoin.io/White-Paper.pdf
Website: https://habibicoin.io/

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Author Details

Email: [email protected]

Telegram username: @clauming

Bitcointalk username: adriaparcerisas

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482

Ethereum address: 0xC6AB45541006D53D31E25b41c7d245c5Ad99BF71