Encrypting Real Estate into crypto currencies - IA Token

Mortgage Advisers, most house hunters, newlyweds experience problems when buying a property and it’s rarely smooth sailing.

On average two in three (66 per cent) home buyers were met with problems. Here are the top obstacles reported :

• Delays caused by others in the chain
• Difficulty in finding a suitable property
• Property bought was left in poor condition or with unexpected furniture
• Encountering problems on completion day
• Problems getting a mortgage
• Issues with removals company
• Problems with the conveyancer
• Difficulties with the surveyor

As the real-estate purchasing process has a well known reputation of being a headache for all parties involved, and the steps involved show no signs of being revised in the near future, cryptocurrency has officially entered the space to make some changes that we may not have seen coming. Using codified techniques that are rooted in the complex techniques of cryptography, the time and costs involved between interest and that last signature on the dotted line can be condensed to a more convenient version. That's what IAT is aiming to achieve.

WHAT IS IAT?

IAT stands for Instant Access Token, IAT will become a platform features a wide range of utilities for the real estate market

IAT hopes to maximize the benefits while minimizing the losses in real estate industry by use of the blockchain technology. By introduction of the Instant Assets tokens (IAT), the platform aims to make property investment easily available to the masses through the digitalization of the assets. Another area that the platform hopes to target is the transparency of the resale and leasing processes. Other utilities for the token will also be integrated which include paying for furnishings, legal fees, and fees for engaging tax auditors.

SO HOW IAT WILL HELP?

1.All Round Transactional Costs

Cutting out inflated costs by parties such as developers, taxes, brokers, and agents. For example, the total cost of buying and selling a property in the Philippines is at times inflated to as high as 24% of the property value, think about what that 24% can buy. That's why IAT are looking to cut that total costs down and expected it to be by at least half.

2.Integrity and Security

The decentralized nature of the Blockchain technology ensures that records stored on it cannot be changed or controlled by a single source, thus providing security against malicious attacks such as hacking.

3.Transparency of Transfer

Information stored on the blockchain is accessible by all which makes the data transparent and immutable.

4.Time and Cost Saving

Blockchain technology simplifies and accelerates the ownership transfer process.

5.Restrictions to Foreign Investors

Countries have been known to implement regulations to curb a growing real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from ballooning or forming a bubble.

THE IA TOKENS ECOSYSTEM

IAT want to create an ecosystem where token holders freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio. As such, the company commits to acquire listing with various exchanges so as to facilitate the trading and liquidity of the tokens.

According to IAT Tokens Ecosystem, token holders will be freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio. As such, the company commits to acquire listing with various exchanges so as to facilitate the trading and liquidity of the tokens.

IA Tokens were gonna look towards maintaining the high liquidity of the IA tokens by creating various channels of token utility to reduce the supply of the tokens and acquiring quality properties to be digitized into the ecosystem of IAT.

IAT TOKEN INFO

IAT will be issued via a Token sale with a total supply of 4,500,000,000 IA Tokens. The price of the IA Tokens will be pegged to US$0.01 per token, ETH and BTC will be accepted. Value of tokens for sale will be US$20 million (inclusive of Early Investors, Pre-sale and Crowd-sale) with distribution according to the table below. Unsold IA Tokens (cap at 40,000,000 IA Tokens) will be given to charity organizations and remaining IA Tokens will be burned. Pre-Sale have started in early April with the crowd sale. The payment methods accepted will be ETH and BTC. The presale will start early April while the crowd sale will start on 15th April.

THE NIAT TOKENS

The Native Instant Assets tokens (NIAT) Is the local equivalent of the IA tokens. It will reside within each individual real estate market and is pegged against the country’s native currency. Each country will have its own NIAT. The token can only be purchased using IA tokens. The NIAT will be used for the benefits below:

• Receive commission from agents and brokers.
• Payment for brokers and agents commissions.
• Listing of assets for rent and sale.
• Receiving rental sale proceeds.
• Rental payment.
• Payment for asset management services
• Payment for tax advisory and other services
• Purchase of assets
• Payment for furnishing
• Payment for legal services
  As right now, you probably wonder why we need 2kind of token: IAT and NIAT? This is to ensure that users are not being exposed to the volatility of the cryptocurrency markets.

UTILITIES AND BENEFITS

The IAT ecosystem encourages the use of NIAT for various benefits and this section shall explain some in detail :

1.Rental Payment

Tenants are encouraged to use NIAT for paying rent and rate reduction will be provided.

2.Partner Merchants

The company will be looking to bring in various merchant partners into the IAT ecosystem to increase the avenues of usage. One such merchant is “Beacon Cloth Care” who is providing laundry services, there are currently 2 outlets in Makati and the merchant has plans to expand the operation to a total of 100 outlets by the end of 2018. NIAT will be used to prevent volatility in the cost of the merchant’s goods and services.

3.Purchase of Assets

NIAT can be used to purchase assets and resides within the IAT ecosystem.

4.Payment for Agents/Brokers Commission

In the event where commission is required to be paid to the agent/broker, tokens holders can opt to pay the commission of their agent/broker with NIAT.

5.Listing of Assets for Sale or Rent

Tokens holders can opt to use NIAT for paying listing fees when they list the assets on the web portal. The company will provide discounts on the fees if NIAT are being used. Listing may be initiated by either agents, brokers or individual owners.

6.Receiving Rental/Sale Proceeds

Asset owners can opt to receive rental or sale proceeds in the form of NIAT. The IAT ecosystem will also allow the asset owner to provide a slight discount to the tenant or buyer as an incentive for utilizing NIAT for the transaction.

7.Receiving Commission for Agents/Brokers

Agents/Brokers can opt to receive their commission in the form of NIAT. The IAT ecosystem will also allow the agent/broker to provide a slight discount to their clients as an incentive for utilizing NIAT for the transaction.

THE CREW

From all perspective, the team and the advisors all have what it takes to make sure IAT will become wide spread and ensure a bright future for the real estate market, you can look for their linkedin acount to see why as they are all have one

ROADMAP

CONCLUSION

While it remains to essential to the real-estate investment process that buyers and sellers are both legitimate, IAT allows for a breaking down of barriers for non-traditional buyers to legitimately participate in the real-estate industry. With anonymity being intrinsically valued within the cryptocurrency space, it is important that both buyers and sellers do their due diligence when verifying all parties and assets involved.

With blockchain technology’s ability to act as a trustworthy means of recordkeeping, the potential for securely controlling and verifying sensitive identity information is tremendous. The increasing popularity of cryptocurrency as a means for conducting real estate transactions has created an even greater need for digital identity verification to be streamlined in a secure and simple manner. With more solutions being made available for encrypted identity management, individuals have great control over the sensitive information that they are willing and able to share, while giving others on the other end of a transaction some relief that the information is accurate and secure.

While there should always be homework done before jumping into the largely-unfamiliar pool of real-estate and cryptocurrency,IAT is here to identify the issues that currently exist, and build upon blockchain technology to deliver effective solutions to the problem. IAT will develop its own web portal to cater individual owners, agents/brokers, clients and all the IA Token holders. The portal will feature various functionalities and wide range of services that called IAT Beta so be sure to check it out


Thank you for reading, i hope this will be more than enough for you to began your new journey in real estate with IAT.

As alway, you can look for more here:

Website : https://www.iatokens.com/
Whitepaper: https://iatokens.com/docs/IAT%20WHITEPAPER.pdf
Twitter: https://twitter.com/IA_Tokens
Facebook: https://www.facebook.com/IATOfficial/
Telegram: https://t.me/iatokens

AUTHOR: Khuongcute2503

Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=2080664