🌟🌟🚀📈We would like to thank our early adopters for your loyalty and support.
In the first 4 days of our presale we raised $670K(48% of desired goal)📈🚀🌟🌟
but your presale goal is about 125M$, you only raised $670K, it mean only reach 0.5% target? what is wrong with your answer?
Check your math. Presale goal was $1.25M. Although now with higher ETH price the numbers are different.
Yes, it does change the math a little, we were approximate, but also it does not mean we can’t close the pre-sale earlier, given that there’s been ample demand and it’s just for early adopters.
Thanks for writing the article – we share your passion, and appreciate it that you are into this subject as much as we are, and took the time write.
1. How do you see ATLANT affecting the mortgage industry?
When we’re eventually able to interact with government property blockchains, substantially, however for now we will try to disrupt other parts of the ecosystem.
How do you see ATLANT affeccting the Real Estate industry?
We would like to turn the real estate industry on its head. The industry is massive but not transparent or liquid. We want to make it so large commercial buildings trade similar to stocks, with bids and offers, and so that rentals whether it’s short term or long have 1/10th of the current fees, while bearing true quality ratings. In our opinion this is nothing short of a revolution.
How will ATLANT handle property taxes in the varied markets through out the world?
Property taxes will be handled by the real estate management company appointed by the tokenholders.
Will there be a need for real estate agents and or mortgage companies in this business model? If so, how so?
Real estate agents – initially yes, eventually, ATLANT or a similar model will replace them. Mortgage companies, same effect, but with a longer duration.
So I understand, you are ultimately build a real estate stock exchange where people can put their property up for sale on the exchange which is then converted into a token, buyable and tradeable?
In short, yes
What will dictate each properties value on the tokenized market and how will one property be differentiated by another on the market?
Adam Smith’s invisible hand does its magic. I’m halfway kidding, but just as any other efficient market, buyers and sellers come to a point at which they are willing to meet, and trades happen there. The fewer the frictional costs and transaction fees, the higher the volume, and thereby efficiency of the price finding mechanism.
How will ATLANT handle property transfer of ownership?
SPV which owns the asset is tokenized, tokens are rights to shares. Transfer happens by buying and selling these tokens.
How would you help facilitate real estate agents looking to sell their clients property through your system, or rent them out for clients?
ATLANT is agnostic as to who brings rental properties to it, or property assets to tokenize. While we would prefer to deal with beneficiaries, intermediaries could try to facilitate these trades. However, the whole process is set up in such a way so that they are not needed.
Will the Atlant market place function as an auction?
It will function as an exchange – similar to a way that BTC or ETH trade against fiat.
What is someone tries to sell a property worth $200,000 in their market for $300,000 in ATLANT? How will property valuation be handled for potential buyers in other countries?
We have a higher minimum for property size at the time, however in the initial PTO (property token offering) of the asset if the seller would like to sell substantially above market, the PTO will likely not be filled and similar to ICOs when soft-cap is not reached monies are returned to investors.
I am writing a HUGE article on this right now and greatly appreciate your responses in as much detail as possible.
Thanks Upstager