ELES PLATFORM
Platform development
The aim is to develop the ELES platform to a BETA stage with basic (buy, rent and development overview) functionalities already before the start of ICO. Timeframe is presented in
Roadmap below.
The ELES platform will allow ELES holders to vote on which projects are to be adopted by
Elements Estates. This decision-making ability will have an impact on the entire ELES ecosystem and ultimately contribute to the decision if the company will enter into specific, pre-chosen projects. Participants will be able to review summaries on different projects.
The platform will also display listed reports for projects. These reports will be based on all
standard analyses (quantitative/static, and qualitative/dynamic with cash-flow projections)
developed in partnerships with our real estate advisors from CBRE, Colliers and others, and
an algorithm developed by the Elements Estates team that considers the level of risk and
the associated rate of return. As such, the algorithm takes the following parameters into
consideration:
O Class of real estate (residential, commercial).
O Phase of development of real estate.
O Location of the property.
O Market attractiveness of the real estate.
O Required yearly yield.
Utilization of ELES tokens
Ability to buy residential units owned by the Fund.
Our users will be able to spend their tokens in order to purchase a real estate from our
portfolio. Purchases will be transparent and processed over the blockchain by using smart
contracts. Before purchasing certain real estate, there will be a stage of real price discovery
through auctions. Auction will be provably fair and transparent as anyone will be able to participate and monitor the bidding on the Ethereum blockchain.
To pay for the rent of commercial and residential units owned by the Fund.
Token holders will be able to spend their tokens to rent real estates by sending tokens to corresponding real estate contract. The contract will be updated accordingly and the whole rent
process will be as transparent as it should be. Contracts will also allow integrations with IoT
and allow plug and play smart house experience. The blockchain provides the most reliable
system for transferring funds. The fact that the data remains saved in an immutable distributed data store means that users can be rest assured that their data cannot be tampered
with, payment flows can be optimized, and ultimately the overall rental experience can be
improved.
Pay deposits and maintenance fees.
For simplified experience we will strive for enabling payment of deposits and maintenance
fees for i.e. commercial real estate over the platform.
Pay conveyance fees and expenses.
For users of real estate offered on the platform we will strive to make conveyance fees and
expenses payable over the platform.
Common expenses in buildings owned by the Fund.
Try it out people :
https://prototype.elementsestates.io/