A UNIQUE PLATFORM CONNECTING PEOPLE TO PROFESSIONAL AND PRIVATE SPACES

vine22 (33)in #vine • 4 years ago (edited)

I am glad to live in this era and I really appreciate the efforts of people who have already done so much into contributing to improvements in technology; the benefits of which we are utilizing now and appreciate the technology itself, which allow us to present our ideas, and their transformation into a working product, to your cryptocurrency, is a revolutionary idea taking birth in the form of Bitcoin. It has now expanded to various genius ideas, providing opportunities to people improving the business ethicality, making the concept of the world as a global economy a truth, and much more.
Research has appeared, from this recently lethal infection called COVID 19, the world everywhere has been encountering troubles in the economy, and the COVID 19 infection has forced a few delays on the planet today. For example, individuals on the planet are keeping up social good ways from one another in other not to get the destructive infection called COVID 19, and furthermore a complete lockdown has been on the planet now.
Due to every one of these reasons that COVID 19 has forced on the present reality organizations are no longer move as common on the planet, uniquely land proprietors are thinking that it’s hard to open their properties to clients around the globe.
Due to these issues encompassing the world in this nineteenth-century SPACE-iZ group has concocted an imaginative thought dependent on blockchain innovation, that will truly help in the taking care of these issues encompassing the world. SPACE group has built up an APP dependent on blockchain innovation, where genuine state proprietors we open their properties to clients around the globe, the best piece of the SPACE-iZ APP is that the land proprietors we promote their properties for nothing with the assistance of SPACE-iZ token.

SPACE-IZ DAPP
The App, the core of our ecosystem, is a complete property management and rental solution for landlords, an online booking platform for renters, and a token administration tool for our community. The complete integration of our eco-system into the app with smart contract based lending ensures a smooth, intuitive, and effortless user experience.

The aim of the app is to keep the community engaged within our ecosystem while ensuring the process of renting a property or borrowing a token is simplified and expedited. The complexities of the smart contracts will not be a concern as the app will handle all wallet creation, token transfer, and applications of discounts.

HOW THE APP WORKS

SPACE-IZ ECOSYSTEM
Our ecosystem consisting of 3 core components,
the token, the token holders and the app; is complemented by discounted
co-live and co-work spaces on our platform.

APPLICATION OF BLOCKCHAIN TECHNOLOGY

SPACE-iZ
Token
The SPACE-iZ Token utilizes blockchain to transfer value and benefits, between token holders.

Token
Holders
Token holders receive discounts on spaces listed on the SPACE-iZ App and have the ability to earn by lending their tokens to non-token holders.

Decentralized
App
The SPACE-iZ DApp manages the administration of bookings and facilitates the trade of SPIZ tokens.
LENDING AND BORROWING MECHANISM

All tokens that are available to lend we be sent to the smart contracts which will keep an alive tally of tokens. All income generated from the lending of the token will be split, by the smart contract, among all the lenders based on length of time the token was lend and the amount received from borrowers during that time. The price to borrow tokens will start at 45% of the total savings and will increase incrementally as the number of tokens available to rent falls. This will encourage those who own tokens to make them available to rent.
The scenario below illustrates the savings to be made on the platform on a typical co-living space usually rented at a monthly price of $1,200 but offered at a15% discount on SPACE-is for token holders who hold 22,500 tokens the first scenario shows the savings a renter will make if they owned all the tokens and the second scenario shows the saving if the renter owned no tokens and borrowed them via the smart contract.

The above scenario shows only two cases where the tenant owns all the tokens or borrows all at the tokens. But, in reality, we expected that the typical use case will be one where the tenant owns some tokens and borrows the remainder.

SPACE-iZ CONCEPT
The SPACE-iZ concept originated with the desire to bring together small to medium businesses, their customers, and the communities they serve.
The concept eventually developed into an idea of a free to use the platform to help manage and small business products with cost savings being passed on to customers in the forms of discounts on the platform. Finally, the notion of an entire ecosystem was developed to fulfill our original vision by creating tokens on the Ethereum blockchain.

TOKENIZATION
Purpose
Apart from the need to reward our contributors the purpose of tokenization in our eco-system is to ensure that those using our platform, whether they be landlord, tenant, or independent business, feel that they are not just a customer’s but hold a stake in the success of SPACE-iZ. As the eco-system grows the token encourage continued loyalty and even after individuals move past our service offering they will continue to remain engaged in the community. This engagement will ensure that any new service or offering added to our ecosystem reaches the widest possible and audience.

TOKEN FUNCTIONALITY
Access
Token holders and token borrows gain access to discounted rates at co-live/co-work and short-let locations around the world.

Price Appreciation
The ecosystem encourages the buying and holding of the token

Token lending
Token owners can continue to be a part of the ecosystem and earn income from lending even if they do not rent a room

Exchange-traded token
The token is expected to be liquid and available to buy on an exchange, ensuring transparent pricing.

Token stability and community building are the core fundamental of the SPACE-iZ business model. SPACE-iZ token holders can either use their token to book shared spaces or land tokens on a temporary basis.