Topic: [ANN][ICO] 🚀🚀 ElementsEstates: Token of your Real Estate opportunity!🚀🚀 - page 65. (Read 37988 times)

Elementsestates - #1 in Real estate business in EU region

you will see in few years

lifetime opp. to invest as individual not company or vc fund

when whitelist will be available?  want to join

Absolutely agree with all of you, I hope this project will succeed in the future and provide full benefits to others and can continue to develop well and successfully.

Tottally agree with you sir. Think wisely and long term. Short term is nothing accept maybe a casino but you know what are the odds.

This says public presale and public crowdsale will be together in october.. How come?

Are this informations still the same? or are there any updates?

The crossroads of Blockchain technology and real estate value optimization
The platform will serve as interaction hub between the ELES token holders and the Fund, created for purchasing tourism-, commercial- and residential properties in the SEE region. While the Fund will focus on identifying distressed assets, starting within the SEE region, which can be restructured as real estate projects, it will later either sell or rent properties.

All transactions will be done exclusively with the ELES tokens.

Prices for houses and all real estate is high

there will be a lot of money flow in ELES token and liquidity - that is cool for us investors and future of project offcourse

in my opinion this project has a team that thinks long in the future, is very good for a project, how many percent for current achievements guys ? never give up.

NPLs and financial institutions
A performing loan will provide a bank with the interest income; it needs to make a profit and
extend new loans to other customers. When customers do not meet their agreed repayment
arrangements for 90 days or more, the bank must set aside more capital on the assumption
that the loan will not be repaid. This reduces its capacity to provide new loans.

To be successful in the long run, banks need to keep the level of non-performing loans at a
minimum, so they can still earn a profit from extending new loans to customers. If a bank has
too many non-performing loans on its balance sheet, its profitability will suffer because it will
not earn enough money from its credit business. In addition, it will need to put money aside
as a safety net in case it needs to write off the full amount of the loan at some point in time.

It means that banks could slow down their capital, which they had to devote to the provision
of non-performing loans. In some cases, they were prepared to sell high-collaterals in order
to clean up NPLs from their books, improving their capital adequacy, and start reusing this
money.

banks need to keep the level of non-performing loans at a
minimum  (what kind of bank will do that, yes you profit the most on long term but even on short terms banks give too much of fee )

Elementsestates going to be a part of this (having a pitch ?)

https://blockchain-expo.com/global/partners/elements-estates/

The Elements Estates project will encompass the novel ideas of cryptocurrencies and asset management through decentralized ledgers, based on blockchain technology. We will build an online platform that will introduce to the market real estate initially deriving from distress asset at favorable prices . Until recently that type of deals in the SEE region were mainly accessible only to large scale institutional and wealthy private investors because of their size and complexity to purchase

Elements Estates has made its focus on distress real estate to power the fund created for three main reasons:

1. With redevelopment of distress properties, which will help to improve communities, the environment and upgrade urban feeling and surroundings . These improvements to distressed or abandoned properties reinvigorate an area and improve the quality of life for everyone

2. Because our properties will be derived from distress deals, we will be able to offer the real estate market and ELES community the possibility of buying or renting properties at more favorable prices compared to prices on the direct real estate market

3. Due to the specific ELES ecosystem and the lockdown period (see more under chapter “Token management”) for each token used, we intend to accomplish idyllic environment for holders of other crypto currencies who will want to transfer a part of the assets into ELES tokens . We are creating it as a crypto-currency with a high potential for the growth of the value which nevertheless has a stable underlying base .
The platform will act as a closed ecosystem in which ELES tokens will be used as exclusive payment mean and offering all the services available to ELES token holders at favorable conditions regarding the general public and will be structured into the three main categories:

Residential Properties which are used to house individuals and families as their main domicile
 
Commercial Properties which are used by businesses to operate

Tourism Properties, which are maintained to allow part-time, or one time stays by individuals or families

The platform will serve as interaction hub between ELES token holders and the fund itself.

Users of the platform will be able to see the latest projects, planned acquisitions, properties available for sale and for rent . It will use blockchain technology to verify real estate transactions that will be available for participants using ELES tokens

The fund will focus on identifying distressed assets within SEE region that can be restructured as real estate projects . Fund will strategically identify properties and acquire it at value that will be significantly lower (up to 80 percent expected) than the market price. These properties will then be finalized/renovated and evolved for following purposes:

Selling to ELES token holders Users wishing to purchase a property which is held by the fund must do so in ELES tokens

Selling to the general public Anyone wishing to purchase a property which is held by the Fund will be able to purchase them through ELES platform. If the buyer is a non-holder of ELES tokens, he will be able to pay in fiat currency (additional exchange fee will be charged) and ELES platform will be obligated to exchange received payment to ELES tokens in shortest time possible

Renting to ELES token holders Those users who have signed up to the platform will be able to rent properties (tourism, commercial and residential) owned and operated by the Fund for favorable rates compared to general public . Payment will be made solely in ELES tokens

Renting to the general public  Anyone wishing to rent a property held by the Fund must do so in ELES tokens

The fund will be constantly checking available residential and commercial properties against market conditions. As the Platform evolves we aim to offer ELES token holders many more benefits including: OO The ability to rent modern tourist properties (apartments, villas etc.) starting in SEE countries (Greece, Croatia, Slovenia) and Cyprus.

OO The purchase or rental of newly developed and attractive commercial or residential properties owned and operated by the corporate private fund (Fund)

OO Interaction, updates and information about fund properties including their status.

In the second stage of the platform development we will include: OO Quick conversion of ELES tokens through a payment services provider;

OO A payment card that will support ELES;

OO A dedicated loan facility (loan pools) for ELES token holders to support the acquisition of real estate owned by the Fund;

OO Real estate services connected with smart contracts for properties that will not be in platform ownership and can be applicable in other European countries;

OO Any other potential solutions/services.

Elements Estates will be launching its own Initial Coin Offering to deliver an innovative platform for everyone interested in the real estate market . With the collected funds during the ICO we will be able to develop the following:

OO Real estate portfolio packed in corporate private fund which will create utilization possibilities for ELES tokens, which will be managed by a professional with proven track record;

OO Development of an online platform that will serve as a base for opportunistic residential, real estate offers.


ELES token will have great usage in real life! Awesome

Give a medal to guy who developt this ecosystem of ELES token!

ECOSYSTEM

Reflection on the value growth of the ELES token
A small part of the crowd sale funds will go to the development of the platform, while the majority will be distributed to building the real estate portfolio. With the increase of real estate over a period of time, more and more properties will become available for rent and sale. With every transaction, a certain amount of tokens will be locked for a certain period of time and taken out of circulation. This will have a positive effect on the token value.

Good informations for investors good informations


When will the Whitelist and KYC (Know Your Customer) be available?
For every KYC process there is a lot of demands to be met in order to be in accordance with legislation and rules. We took care of this, developed the system to make the whitelisting and KYC process possible and made a partnership with trustworthy company for this process.

So now that we did all that, you may expect the whitelist to be opened within 2 weeks’ time.

How will we be able to monitor the investments of the real estate fund in separate phases?
Well, we have a classical infrastructure and profile of people behind. What we do is we first analyze potential real estate projects, we make thorough due diligence (static, dynamic with cash flows, risk analysis, etc.), different scenarios weighted and investment decision. Later on it will be presented on Platform for voting. After decision and acquisition of project a skilled project manager takes over, a set-up of external partners and supervisors is done and a start of the monitoring process etc. Projects will constantly be monitored, timelines and costs re-checked. We will have 5 phases on projects and final date on finish of the projects, like you can already see in beta platform.

I think ELES tokens will be very valuable someday and can I (in the future) rent a place on your platform, (for the holidays) in fiat money? Who will do the transfer? Will you also have some kind of crypto/fiat gateway?
Yes, that is the project. You will be able to exchange your tokens for an ownership of a certain house, villa, property, or go for holidays, where you will rent different facilities with our token. In other words, for buying or renting you will pay in ELES tokens, where ELES will act a currency. In case of Fiat, we will have on our platform a partnering exchange that will have a very easy way to exchange different fiat to our ELES. That is also a very good question, and I thank you for it, because we see a lot of demand for nice real estate from classical markets.

For touristic purposes we have different projects on the table, from houses, villas to hotels and camping’s.

Did you consider going for security tokens instead of utility tokens? I don’ understand the utility of the token right know?
With regards to utility, we will not do any dividend or rental payments out, but we will reinvest up to 80% of profits back to platform, liquidity pool and real estate projects, which we will develop. Because our main objective is also to buy from Financial Institutions NPL/distressed assets, we can come into position and acquire this projects with great discounts. By restructuring, we increase the value of projects as such and the portfolio as a whole.

On the other side, with every transaction on the platform, half of the tokens will get locked through smart contract for 3 years and therefore effectively taken out of circulation, which will have positive effect on value of token. On one side increase in value of the portfolio and on the other decrease of token circulation.

And with regards to going for security tokens instead of utility tokens: Yes, this is an option for the future, no decision yet. We however have an infrastructure behind that will quite easily allow us to transform into security. It is a serious option for the future, also when legislation and regulatory will be clearer for security tokens.

What will be the difference in project development between the soft cap $2.500.000 and hard cap $50.000.000? Or mainly, how many real estates from the pipeline can be bought?
We have for more than $100.000.000 in total of projects on the table, coming from different countries of South-eastern EU region (SEE), which was in last years left behind in comparison to western countries in terms of distressed assets restructuring and sell-off of NPL from Financial Institution. We are targeting projects between $2.000.000-$8.000.000, depending on the final amount that we raise, we want to get best projects inside and as well diversification among assets class and countries. With a single project it is meant a complex of houses, villas, apartments, or flat (each unit will cost much less), or hotel, comping place, building with business offices, etc.

As most projects struggle in fundraising, can you tell us a little more than soft cap reached? How far are you right now and are many discussions ongoing?
To be honest, it is not an easy market:) We are still in private sale and there will be many meetings with potential participants in the near future. I am also within next two weeks time in London, later on this September at congress from Agora Group in Dubai together with Peter, and so on. Just in general, I can say that we are already bidding on some real estate projects as we want to have some properties on the platform before the start the crowd sale, or latest before the end of crowd sale.

Will it be possible if two customers buy a house on your platform, let us say in some kind of auction or something, and then you ‘flip’ the house and make it beautiful and fully functional. And then me and my ‘partner’ sell the house with profit and you get a commission or something. Will that be possible?
We will have one token for the whole portfolio, we are not doing tokenization of an individual property. If you and your partner, for instance, will want to buy a house, half & half, you will each transfer half of the needed tokens through a smart contract, and you will then become owners together. We however will not do more than one, or two different signing to land registers in respect to many different ownerships, at least not in the beginning. In case of security token, tokenization would be possible.

At first, we will be in restructuring and development of real estate on our own as this is also our great advantage in know-how and experience. Later on, we will as well offer brokerage services for properties not in our ownership, especially when land registers get digitalized and bring blockchain to its full use in terms of smart contracts.

awesome progress - join telegram EE

Heehey people, I see ou are working with the cryptomizers. https://www.cryptomizers.com/client/elements-estates/

Client case ELEMENTS ESTATES
Elements Estates is creating a Blockchain based platform that is supported by a unique real estate portfolio built up by buying and restructuring distressed assets from banks. Owners of the ELES tokens have the opportunity to vote on and invest in this property, which is normally exclusively reserved for large investors.

Prototype is hot  - try it guys

https://prototype.elementsestates.io/real-estate/

Check it out.  Can't wait for KYC and presale

Elemensestates will be huge!

https://elementsestates.io/