Topic: ★★ [ANN] [REALT.UK] ★★ - page 2. (Read 9740 times)

How you solve the quality of room?

Great! The prototype screenshot are amazing. The portal is simple yet Elegant. When will the prototype be available for user access/use?

Once we are able to access the prototype, we can give more inputs and suggestions in terms of Design/usability/Interface/Ease of Use! 

Thank you!

Product delivery is our top priority at the moment.

All the further marketing will be based on it.

We hope that it will make a significant difference for the token sale participants.

These are our core values: real software delivery and realistic concept based on cryptocurrency.

it's not bad. but supposed to be better. because users always want the best. nice to have developments. works on the project because the fact that is an important detail. good luck. 

That's true, because there are multiple token sales at the moment. Hard to make a right choice.

Therefore, our tactical goal is to convince the community that we are really able to deliver.

That's why we spend much time on building the functional prototype.

And we are making progress. Please find below the first product screenshots.

The functionality will be growing rapidly, and we will expose it to the community as a part of our intense marketing this week.

Thanks for the replies.

Our co-founder Oleg has been  committed to real estate industry since 2003, implementing software solutions and websites for a national property portal Realt.by and major market players. One of the main focuses for Oleg is internet marketing, and his strategies for optimizing experience of websites have been very successful with customers; notably, Realt.by is used by the absolute majority of the national real estate market.


"The real estate market is not rentals in any shape or form and despite the excellence in the RE sector, many companies have crashed an burned not understanding the minutiae of the business.
Urban areas (London, NY etc) have all seen a massive push back and Airbnb underestimated both the complexity and issues. Cities are more likely to see business rentals to overcome the 90 day issues and Airbnb is solidly in traditional rentals now where most pain is felt. Ideally you should have board members or advisors in the vacation rental sector. Only a small % of Airbnb income is from the shared market, most comes from the 365, full accommodation access and professionals."

There are 1446 short term rentals published on Realt.by, many of them pay for advertising and prime positions. Airbnb and Booking.com also work on that local market, but Realt.by platform is an effective competitor having a significant market share in real estate segment.


"Channel managers have 250K plus that are on Airbnb and this is the way that most volume inventory now hits the platforms. There is a lot of listing apathy especially as multiple systems need updating for extended marketing. Ideally your plan should have access to these and partners mentioned"

Airbnb will struggle with moving their operation to direct payments between guests and hosts in cryptocurrency. This will paralyse their business model and the established way of monetization. If they continue to charge various commissions and fees even after moving to the cryptocurrency, they will not get a competitive advantage from such migration. If they stop charging commissions and fees, they will lose income that is needed for operating a company with 3,100 employees. So it is unlikely that Airbnb will ever implement such change.[/i]

"Its a good point, by why would they unless its centralised.  3,100 employees is small, their marketing budget is huge and this is where partners and  aligned/named corporations can help you."

The introduction of cryptocurrency will allow REALT project to remove geographical barriers and provide services around the world.


"We all hope so, but I suspect you may need deeper insight to the rental world as its stands and inventory partners."

To be continued.
[/quote]

Concerning the founders coins, there are several aspects to be highlighted.

1. 8% of total REALT token (RLT) supply is reserved for the founders. We are highly motivated to gain the proper level of value for RLT.

2. All our current activity is funded with our own money, including the prototype launch. We do not touch the ETH obtained until the token sale is successful. It's a very safe approach and it guarantees the protection of funds.

3. Technically, RLT emission is already performed, our smart contract works flawlessly, ERC20 compliant REALT tokens are available and transferable for all the participants. It guarantees that our duties in RLT will be fulfilled 100%.

It is remarkable that more and more people are getting involved into cryptocurrency operations. We can clearly see it following the BTC and ETH exchange rates that are close to beat all time maximums. Of course, it is not expected to happen immediately. And the transformation for crypto usage will be smooth.

In comparison with the classic Airbnb model, we see serious benefits for rentals. No commission, no currency conversion fees, no service charges. No middleman. Just a smart contract. Full value for guests and hosts. The advantages are huge for the real estate industry.

And we need a brand new platform to make it happen using a new business model that is really different in comparison with Airbnb. That's why we are working hard on REALT marketplace based on cryptocurrencies from the very beginning.

Hi RRentals, and thank you for your interest and a nice pack of questions to discuss. Currently we have a very intense phase of REALT platform development, therefore we'll be happy to answer your questions step-by-step in the nearest days. Lets start from the very beginning.

a) The founders have no real experience in this sector. Real estate is far removed from rentals and the complexities of marketing, pricing, management such as found in Airbnb and REALT will need to get into bed with PMS systems and channel managers and really understand the challenges at a granular level.

Our co-founder Oleg has been  committed to real estate industry since 2003, implementing software solutions and websites for a national property portal Realt.by and major market players. One of the main focuses for Oleg is internet marketing, and his strategies for optimizing experience of websites have been very successful with customers; notably, Realt.by is used by the absolute majority of the national real estate market.

There are 1446 short term rentals published on Realt.by, many of them pay for advertising and prime positions. Airbnb and Booking.com also work on that local market, but Realt.by platform is an effective competitor having a significant market share in real estate segment.

Airbnb will struggle with moving their operation to direct payments between guests and hosts in cryptocurrency. This will paralyse their business model and the established way of monetization. If they continue to charge various commissions and fees even after moving to the cryptocurrency, they will not get a competitive advantage from such migration. If they stop charging commissions and fees, they will lose income that is needed for operating a company with 3,100 employees. So it is unlikely that Airbnb will ever implement such change.

The introduction of cryptocurrency will allow REALT project to remove geographical barriers and provide services around the world.

To be continued.

A lot of companies are looking at the Airbnb sector and it gives an example of potential disruption on a major player in the marketplace using Blockchain. There are several others, Bee Token (https://bitcointalksearch.org/topic/ann-the-bee-token-housing-rentals-on-the-blockchain-decentralized-airbnb-2213527) for example with some really smart ex Google and Uber members and VC interest, also with Airbnb in their sights.

My question is more related to this industry sector. Presumably REALT will build a look alike Airbnb platform and then try to engage the owners and more latterly the managers with big single channel inventory?

As an "investor" my concern would be a few fold, so interested to hear the replies:-

a) The founders have no real experience in this sector. Real estate is far removed from rentals and the complexities of marketing, pricing, management such as found in Airbnb and REALT will need to get into bed with PMS systems and channel managers and really understand the challenges at a granular level.
b) The industry right now at inventory level has no idea what Blockchain is or cryptocurrencies.  Presumably there is a significant proportion of funds allocated to marketing and messaging.  Looking at most OTA's results, the 15% fees sees a significant proportion on marketing (Google, TV, print, conferences etc.)
c) I didn't notice, but are the founders coins vested so the plan needs to succeed to warrant the ICO private gain?
d) Do you have any large corporate partners? I'm thinking WindingTree and its pre-ico and its Lufthansa partnership?
e) The rental industry has a "terror factor" of upsetting the OTA's (Airbnb, Expedia etc) and getting de-ranked. How will this be covered?
f) Would it not have been better to source a use case and test the water. Airbnb name makes noise and sees interest from those who do not understand the business in detail, but it needs a sizeable team, experienced individuals and really deep pockets.

All said however this disruption is needed.

REALT Tokens are delivered immediately after the payment!

REALT is British! Official company, registered trademark in UK & EU. REALT token sale website: http://realt.uk

Hi! I like your project. To be honest, there are quite a few out there now looking for some blockchain and crypto solution for the real estate. I see that you are based in UK. How will you ensure that your project will be protected by compliance and regulation, especially since the first bitcoin payment for rental/sale only happened a few months ago (because it was so difficult to get approval). The UK is very strict in real estate. Do you have something to share with us?

Hi Chronos_angel,

Our key point is that REALT offers absolutely realistic way of blockchain & cryptocurrency use for real estate. It's not a tokenization of assets. Rentals & advertising are legal and we already have an 10+ years of experience in supporting similar functions on the national real estate portal http://realt.by.

Our short-term target is a REALT cryptocurrency platform prototype launch on http://realt.uk, that will be exposed by all the channels.

For me realt token will increase in the future because for sure many investor will invest to this project so if you have also money choose this now and you will happy for the result.  Can you tell me if realt token will start to sale so i can try some.

Thanks.

An important aspect of REALT marketplace delivery is our experience in software development and real estate industry. During the growth and development of www.Realt.by, we saw many attempts to create a clone. People recognized Realt.by regional leadership and tried to replicate the model, hired teams, and invested in the development. But since they were not experienced IT professionals and did not have a good view of the market, they did not do well and eventually failed.

We are different, because we have the required technical knowledge, experience in the management of teams of programmers, and a successful experience in real estate platform building and supporting.

We do not have to reinvent the wheel. A well-designed database for all types of real estate plus the modern Ethereum and Solidity mechanisms - and the cryptocurrency marketplace will fly.

I would say, that it's a dream of many people in crypto community to have Airbnb-style service that can be paid with cryptocurrency. Such approach is not compatible with the existing Airbnb business model, because they will loose an essential part of their profit, and it's very hard to change it on their side. Most likely they cannot.

But we can.

now a lot of ico regarding real estate how do you attract investors to invest in your project

Thank you!

We have just received a question related to REALT business model that describes the key aspect of the project.

Q: As the REALT marketplace will have zero fees for guests and hosts, and all payments are direct in REALT tokens, then how the marketplace will generate an income?

A: Income of most internet platforms directly grows from number of visitors because it allows to show advertisements and offer premium services. REALT marketplace is not an exception.

Deals based on cryptocurrency are free for REALT marketplace participants. No commissions, no service charges, no currency conversion fees. That's the main value for users and cryptocurrency community and that's how we attract the audience and traffic.

In addition, REALT platform will offer advertising services and advanced marketing campaigns. The market has a high demand for such services, we have confirmed it on the base of Realt.by national portal, and it generates good cash flow. This model gives a reliable profit to support and develop the platform in the long run.

By the way, all payments for the additional services on the REALT marketplace will be in REALT tokens, which will expand the token usage. REALT token serves like an interface to the professional platform services as well.

What's the difference between this and REALT?