[ANN] [ICO] AQwire 'QEY' Token Sale: Cross-border Real Estate Platform - page 11.

iqbalnr

full member

Activity: 420

Merit: 101

designed to solve the underlying problem when buying or selling real estate abroad I am interested in this kind of thing

imaog23

newbie

Activity: 3

Merit: 0

Great project! I'll certainly follow this! Cheesy

Aqwire

copper member

Activity: 3

Merit: 0

AQwire

FRENCH | SPANISH | KOREAN

The Cross-Border Real Estate Market

The Cross-Border Real Estate market has been a growing trend over the last 20 years. In 2017, nearly $400 billion USD worth of properties was purchased by foreign buyers in both residential and commercial real estate. In the same year, $150 billion USD were spent by Chinese citizens buying properties in the US, Canada, Philippines, Thailand, Hong Kong, Singapore, the UAE, and Australia. These reports reflect the positive outlook for overseas real estate investment.

Buying properties from a country to another has been a trend for quite some time now. A Chinese businessman would buy a unit in Bangkok even without the slightest intention of occupying it. Or maybe an accountant from the US have always dreamed to spend his retirement in Bali, so buying a pre-built condo would be his best option. These kinds investors share a significant portion of the market.

The Problem

Property Developers and brokers worldwide are facing multiple barriers when trying to sell abroad. Certain difficulties like fragmented data listings, lack of a standard protocol for international real estate transactions, processing of cross-border transactions, and ineffective customer KYC process immobilize them from closing deals. Property buyers are facing the same amount of problems by having to go through multiple layers of intermediaries, only adding more cost and time to the purchase. Buyers also rely on either money remittance centers or international bank transfers for their payments which are both inefficient and expensive.

Introducing, AQWIRE

AQWIRE is a cross-border real estate marketplace powered by Smart Contracts and Blockchain Technology. AQWIRE enables property developers, brokers, and agents from all around the world to sell their units and extend their reach to the global market. This gives property buyers access to a wide variety of units across the world, bypassing multiple levels of intermediaries and ultimately reducing the time and cost to acquire a unit.

AQWIRE fully utilizes Smart Contract technology to process cross-border real-estate transactions. The platform is engineered to remove many of the roadblocks endemic with international real-estate. Blockchain and Smart Contracts are uniquely helpful and provides the following benefits:

Processing Documents (translations, legal, etc.)
Automates the verification of transactions, thus reducing unnecessary intermediaries.
Efficient and reliable property search process through a blockchain-enabled international listing platform.
Escrow transactions, title registry, and transfers.
The key terms of the sales agreement are recorded on the blockchain and this becomes the smart contract.
Booking and reservations, payments validations, and blockchain KYC.

How it works

QEY, AQWIRE’s Token

AQWIRE's token is called “QEY” (pronounced as “key”)

QEY tokens are built on the ERC-20 token standard, which gives QEY the ability to be transacted on the Ethereum blockchain. QEY are primarily designed to be a utility token to access specialized features on
the AQWIRE platform.

The following are some auxiliary utilities for the QEY token:
• Get discounts on reservation and monthly property payments
• Get global and regional real estate market report.
• See live data and trends on real estate investments in a specific area
• Access to properties, rentals, and vacation homes in the platform
• For property developers, ability to list properties, rentals, vacation homes (supply side)
• For property developers, the ability to conduct KYC (know your customer) via blockchain.

There will be more utilization for the tokens as the AQWIRE platform grows and expands.   The increase in   property developer listing and buyer transactions would require an ever-increasing demand for QEY. The tokens will be necessary to utilize the AQWIRE platform regardless of whether it is accessed through the utilization of AQWIRE services or a third-party interface.

About Qwikwire

The AQWIRE platform is a project developed by Qwikwire, the leading cross-border payments solution in Southeast Asia. Qwikwire has already processed $15M USD worth of real estate payments alone since 2016 and is projected to process $30M USD by the end of 2018.

Qwikwire was awarded the best Fintech Startup Startup in Southeast Asia. It had also won multiple pitching competitions like Ignite, Startup World Cup, and Geeks on a Beach and had been invited to represent in several prestigious events, both locally and internationally.

AQWIRE is designed to work perfectly well with Qwikwire’s payment facilities. Qwikwire can receive different types of property payments such as Reservation fee, Monthly Amortization, and Association dues. Qwikwire will enable AQWIRE to process E-checks, Debit/Credit card, and Crypto payments but will only accept fiat during the early stage of development.

Token Details

Total Token Supply: 250 million QEY
Tokens For Sale: 100 million QEY
Token Price: $0.15 /QEY (ETH equivalent at the time of the purchase)
Hard Cap: $15 million USD
Soft Cap: $5 million USD
Presale: Ongoing until further announcement
ICO Date: TBA

Road Map