Great review
https://coinlist.me/ico/elements-estates-ico/Elements Estates is a real estate company that sells distressed properties in Southeast Europe. These properties and real estate services will be available on the blockchain, using ELES as a payment currency. The Elements Estates platform launches next year, allowing you to invest in European real estate with an investor-focused cryptocurrency, while the Elements Estates ICO starts in late October.
What is the Elements Estates ICO?
Elements Estates is a Southeast European (SEE) real estate company specialising in distressed properties. The SEE real estate market was devastated by the 2008 global financial crisis. Innumerable residential and commercial properties went into default. Banks suddenly had a glut of properties for which they would never be repaid. Many of these properties were in various states of disrepair. The banks couldn’t afford to hold onto them.
Elements Estates bought up hundreds of such properties at steep discounts. They still do so today, often representing the financial interests of clients. With the Elements Estates blockchain platform, ELES ICO investors will be able to buy and rent SEE properties, as well as other real estate investment actions.
The ELES ICO Concept
ELES will not act as a security token. Users will not receive dividends. Instead, ELES users can use the currency for all financial transactions on the Elements Estates platform – buying property, acting as a landlord, etc. It can be difficult for foreign investors to access SEE markets, so ELES is easily changeable for your local fiat currency.
Which Blockchain Will the ELES ICO Launch On?
The Elements Estates platform will run on the Ethereum blockchain, and ELES will be an ERC20 token, storable at any Ethereum address, where you would normally store the ETH you buy.
The Elements Estates ICO Team
The Elements Estates team is an impressive bunch of real estate professionals specialising in Southeast European distressed markets. Peter Gorinšek and Žiga Silič are chairman/founder and CEO/co-founder, respectively. Both have noteworthy accomplishments in their industry, and their active team of real estate professionals is no different. Those specific to the blockchain project number nine, with five additional advisors.