Topic: [ANN][Pre-ICO]TrustX - The first tokenized crypto-currency trust (Read 475 times)

information about the project is missing. I didn't see whitepaper and blog posts. can you share links to detailed description showing?
good luck..

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TrustX is aimed at consolidation and actual implementation of all the blockchain potential with an emphasis on maximal practical application. It creates a reliable legal grounding between the real estate pricing and the crypto-token value. That’s why TrustX token serves as an objective representation of the trust assets value. The assets value is secured by juridical BRIDGE, which protects assets and it’s represented by the notarially established procedure of the direct voting.
TrustX goal is to become the industry standard and one-stop solution for blockchain users to participate in existing business of real estate development via fiat or crypto world currencies. TrustX will bridge the gap between these two worlds while taking advantage of both.
The Beneficiaries are project token holders and the blockchain projects, that will be created via future TrustX Blockchain Accelerator.



Best of both worlds
Currently the majority of ICOs are either based on new, unproven idea or pegged to some future intangible and unpredicted profits for tokenholders. In TrustX, we are offering the blockchain users to participate in already existing business of residential real estate management and development.

Transparency
All actions undertaken by TrustX are fully public and will be audited on quarterly basis. This transparency means the full control of the structure by the TRX holders, who can vote on a predefined basis on the future project actions.This much-needed transparency will substantially improve accountability of the management company.

Sustainability
TrustX legal structure will be constantly reviewed and approved by the consilium of our legal advisors to ensure they are compliant with existing laws and regulations. As many current ICOs legal structures are at best in Terra Incognita, this eye toward legal responsibility dramatically decreases legal risks for the investors. TrustX has confirmed the proposed structure with top tier law firms and has received an indicative approval that it will pass internal procedures of the regulators, enabling funds to be transferred from and into the crypto world. By sorting out these risks from the beginning, TrustX will improve community confidence and provide necessary sustainability of the funding process.



Participating in TrusX business structure provides any type of investor with important advantages over existing crowdfunding opportunities.

ADVANTAGES FOR CRYPTO HOLDERS

• New opportunities to for participate in the fiat world business, without leaving the crypto universe.
• Diversification of crypto portfolio, by stable token with a guaranteed buyback option.
• Access to a database of existing residential properties to be traded, rented or even bought from
  the trust into the private ownership inside the crypto world.

ADVANTAGES FOR FIAT HOLDERS

• Easy dive into the crypto universe with a unique opportunity and low entry costs.
• Exchangeability and anonymity as the inherent features of the tokenized assets. (KYC process is still required upon deposit and withdrawal of fiat currencies.

TrustX specializes in the development and investment in residential real estate projects. Properties, that are located in the areas with developed infrastructure, primarily in the capitals, always provide the maximum liquidity in terms of rapid disposal, both in the case of lease and in the case of sale. This approach allows hedging the real estate market cyclicality effectively.
Residential properties of all key cities, such as New York, Tokyo, Paris, Prague, Barcelona, London, etc., are less subjected to economic cycles, crises and other inevitable market fluctuations. If compared with the general tendency of property price reduction in cases of crisis, the prices in the central parts of the main cities do not fall, but only stop growing.
TrustX does not invest in commercial facilities. Despite the fact that this market is more profitable, there are more risks in it. Office centers and other commercial premises are vacated first in crisis. Surely, the largest investment funds, investing in real estate, are building their strategy in shopping centers and other commercial facilities, but, a global retailers, such as Amazon.com or Alibaba.com are gradually gaining an increasing market share in recent years, there has been a clear trend of slower development of the shopping centers.
Specialization in residential real estate is a conscious approach and on the founders’ experience.
The market analysis shows that residential real estate is more in demand. It is in high demand both for rent and sale. In particular, it’s seen on the capitals of the world’s economically developed countries. The demand for residential real estate will be ensured by the flow of new people who aspire to move to large cities.





Company

SmartGroup is a group of companies specializing business administration, real estate development and property management services, operating since 2007. It’s incorporated in Czech republic where the highest standards for privacy and regulatory oversight apply. The group consists of 13 companies.



Internal currency

TRX are blockchain tokens, which are digital tokens created on a blockchain as part of a decentralized software protocol. TRX are crypto-tokens issued on the Ethereum platform on the basis of an ERC20 standard contract. TRX are utility tokens designed to support transactions and to be used as internal currency on the TrustX platform.

KYC and AML

Due to our role as a major international business, we pay serious attention to know-your client and anti-fraud issues in order to provide our customers and cryptoholders with a transparent business model that is safe with minimal risk. In order to ensure that our services are not utilized by unwanted and illegal elements to further their illegal motives, we intend to facilitate our operations by means of:

• obtaining sufficient information about our clients and verifying customer identity;
• conducting ongoing due diligence of assets tradable on the TrustX platform;
• highlighting suspicious customers and operations.

Reliability

The trust assets are legally separated from the Founder, the Trustee and others. Such construction enables protection of the assets' future value and minimised the connected risk exposure.
TrustX is governed by the Terms under which it was created. Those Terms are being signed by a Notary and so could be legally enforced. Legal form of Trust is recognized as a Continental Law and Common Law and provides the highest form of investment security.




Legitimacy

On the one hand, Ethereum smart-contracts can guarantee fair payout, on the other hand, the question about transparency of investments into fixed assets and juridical protection of investors’ rights is still open.
With the purpose of establishing high standards of token owners’ rights protection and securing money flows in blockchain projects, TrustX has created a crypto juridical construction. It unites a range of parameters and functions, such as: transparency of activity and providing a solid juridical protection of token owners’ rights.




Efficiency

The highest efficiency of the structure can be achieved by ensuring liquidity, increasing profitability increase and decreasing risks . Managing risks is one of the key moments of the project. One of the approaches, that helps to decrease the liquidity risk, is geographical portfolio diversification - i.e. participation in real estate properties, located not only in the Czech republic, but in a range of other highly remunerative areas.



TrustX is implementing an innovative business model that allows users to participate safely in residential real estate transactions with high profitability around the world. The blockchain is created for transparency and trust, and here it increase this trust with real assets in a legally compliant framework.
The TrustX is focused on the residential real estate development with high profitability around the world. The average annual net return from renting is from 3 to 6%. In addition, the business model takes into account the annual increase in real estate prices (the appreciation of the real estate assets).
To achieve TrustX's goals, real estate management profits are reinvested in the new development and implementation projects, thereby constantly increasing the token’s value.

TrustX Fundamentals

The TrustX structure consists of the following participants:

• Trust
• Managing company
• Trustee
• Protectors
• Property management company
• Beneficiaries
• Founders
• Auditors

The Trust, being a legal structure , that provides the highest form of the ownership rights security in collaboration with the Blockchain Ethereum technology and smart contracts, provides the token owners with complete transparency, safety and a stable payment solution.






A distinctive feature of the TrustX ICO is the already selected list of initial assets based on a comprehensive market analysis. Immediately after completing the Distribution period, the token owners will be able to use their TRXs within this properties database. The use of tokens in real estate assets is guaranteed by the TrustX project. The price of each property 27 upon acquisition is estimated by an independent evaluation commission from the Big Five (PWC, EY, Deloitte, BDO, KPMG)






At the next project stage, the TrustX catalogue will be created. There will be realized the full functionality of the rental property website, including the possibility of convenient navigation, search and filters. This will allow the community members (TRX holders) to use their tokens to pay rent in TrustX properties if it is necessary or even to buyout the property for their own usage.



Concept of the TrustX token is going in hand with worldwide distribution of blockchain technologies. We emphasize three key points, that facilitate the consolidation and spreading of the blockchain technology:

• Steady growth of token value, as the basis for capital securing and a hedging instrument for financial risks
• Legal protection of the token owners’ rights through reliable juridical form - Trust.
• International transactions and portfolio diversification

Blockchain technology completely solves the question of trans-border participation in the real estate market. It allows to unify users from all over the world, minimizing transactional expenses, maximizing efficiency of the capital flow worldwide. Opportunities to invest capital into such asset as real estate all over the world quickly and safely, despite the user’s location, have become possible due to blockchain technology.