What is Global REIT Project?

What is Global REIT Project?

Global REIT is a decentralized blockchain based world’s first real estate investment platform. The platform intends to revolutionize the real estate industry by introducing blockchain technology. Global REIT works the same way as of tradition real estate agencies, however, the use of smart contracts and blockchain technology makes it more appealing. The platform plans to start with a net capital of 75 Million US Dollars. It anticipates reaching a capital of 2 Billion US Dollars in three year time.

Global REIT works on the same mechanism as traditional REITs. REITs as you know offer dividends to its unit holders based on the income of its Assets under Management. Each subscriber will get 2 tokens upon subscription " - GREM - GRET Both GREM & GRET tokens are utility tokens & will provide future access to all its Assets under Management. Where token holders will receive discounts and benefits. Global REIT is welcoming its subscribers to participate both in the Fund Manager (GREM) returns as well as the income on the Assets under Management (GRET).

Global REIT Features

Global REIT intends to create a global real estate investment portfolio, benefiting from the use of blockchain. Global REIT will begin its investor offering at its home base in Dubai, U.A.E. and then expand worldwide. The company sees cryptocurrency investor,s who want to simultaneously invest in real estate and earn regular dividends and real estate holders, seeking to exit into a liquid market anchored by cryptocurrency, as their key targets for participation on the Global REIT platform.

The ICO of Global REIT will offer Dual Utility tokens to its subscribers: Global REIT Fund Manager Token (GREM) and Global REIT Asset Token (GRET). This means that each subscriber will get shares in the Fund Management Company (GREM) returns and the Asset Owning Company (GRET) returns besides the utility attached with both the tokens.

The token holders of GREM and GRET will get future access to all assets under management of Global REIT. Token holders with minimum 5,000 tokens of GRET or GREM can avail free stays every year in the managed hospitality assets.

Those with minimum 100,000 tokens have an option to sell their real estate assets to Global REIT and enter the liquid market in crypto domain.

How does Global REIT work?

It has already been mentioned that the Global REIT works the same way as other traditional REIT works, however, by incorporating smart contracts and blockchain based public holding structure it makes the difference. It makes investors receive a monthly return on their investments in form of dividends. Users are able to participate in both fund managers returns and income from the assets being managed by the platform. The platform has structured its tokens distribution mechanism in such a way that each subscriber receives two tokens namely “Grem” and “Gret”. These tokens are known to be the utility tokens of the platform.

Users on the Global REIT platform will subscribe to both the Global REIT Fund Management Token (GREM) and the Global REIT Asset Token (GRET). Through this, users gain access to GREM and GRET share returns in addition to the utility that both tokens offer. They also get the opportunity such as;

• Free stays for above 5,000Gret and Grem token ownership.
• Selling off real estate assets within the ecosystem for 100,000 Grem token holders, with multiple Cryptocurrency payment options
• A stable 1.25 % AUM annual income for Grem token holders after three years
• A steady return on investment income of 8% annually for Gret token holders for first acquired assets.
• An asset management model for both frontend and backend of all assets on the platform
• Transaction module for API and Interface calls for external transactions
• Compliance and Security Module for 24/7 security on all investors and asset owners transactions.

Blockchain Infrastructure for REITS

At Global REIT we aim to create true diversification across multiple real estate asset classes to enable users to invest seamlessly into a broad asset backed portfolio. Our vision is to not only revolutionize the REIT industry within focused regions and geographies, but to create a diverse and vibrant platform for assets from multiple REITs across the globe to plug into, unlocking a wave of cross-investment potential and opportunities worldwide. To enable this vision, we have built a world class robust platform on the Ethereum blockchain, leveraging the strengths of smart contracts to create custom asset tokens (GRET). The GRET token is based off the ERC20 standard, thereby making it fully tradable on all token exchangeplatforms, unlocking rapid, simpler, cheaper, and more secure trading than traditional REITs. This enables investors of all sizes to now hedge their risks not only in FIAT currencies, but in real assets instead. In addition to the GRET, our platform also enables a secondary token on the ERC20 standard called GREM. This globally tradable token allows investors to partake directly in the GlobalREIT Fund Manager dividends, similar to how traditional REITs are structured. Together, both the GRET and the GREM offer a turnkey solution to revolutionize real estate investments, making them accessible to multiple classes of investors. For this token, the ICO countdown has already begun.

Token Sale Detail

Token: GRET

PreICO Price: 1 GRET = 1 USD

Price: 1 GRET = 1 USD

Bounty: Available

Platform: Ethereum

Accepting: ETH,BTC, Fiat

Minimum investment: 100 USD

Soft cap: 5,000,000 USD

Hard cap: 20,000,000 USD

Country: United Arab Emirates

Whitelist/KYC: KYC & Whitelist

Restricted areas: USA, Japan

For more information:

Website: https://www.globalreit.io/

Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf

Telegram: https://t.me/GlobalReit

Twitter: https://twitter.com/GlobalReit01

Facebook: https://www.facebook.com/GlobalReit-144007413076936/

Author: tinhkhuat

Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=1885373