Hello all my friends, Come back to me, On my blog this time I will give an explanation of Blockchain project, it's HOMT, For more details, let us refer to Blog mine below:
Congratulations to my crypto lovers, hope you all are safe at home despite the coronavirus pandemic? "
Today I have come up with a very profound and extraordinary project with a lot of research done and I decided to share it with you all, I think you will care about it after reading to find out. about the project. Manish Rach is CO-FOUNDER of 'Hom.net', this project has been submitted with a lot of potential although there are other members who have been involved in the technical project but at this point I really want to stop at At this point, I will then provide a link at the end of this article to help you get in touch with our team members including the founders. Now that I know many of you will wonder about this project or maybe ask questions to find out what, don't panic, I will give you a brief analysis of the extraordinary efforts you have made. know today
What is homt?
Is the first platform in the world to seek to democratize access and ownership of student-only property. This is an Ethereum-based platform for everyone and also plans to create a committed trading center, where the property will be accessible to students around the world with a number of images according to The most cost effective way. Rental properties for students on the most reasonable terms make their surveys useful and without the expense of long-term rent. We want every student to excel through our platform and we know Student is the future in the future, the HOMT team continues to work hard to improve student life by creating a peaceful and efficient living environment. The system also helps and allows students from all geographic areas to find their home with a simple click from our platform. Is this good ??
We envision to democratize ownership and access to the company's real estate assets using the power of blockchain, cryptography, smart contracts and tokens. We aim to create an ecosystem whereby we make it easy for individuals, whether students, ordinary people or HNIs, to invest in HOM Token to buy assets for HOMT Ltd. - The Company also takes care of transparency, auditing, living standards and liquidity.
We aim to create an ecosystem whereby everyone, whether individual students with lower capital investments, individuals with high net worth or venture capital organizations can invest in HOM Token to buy student rental assets by HOMT Ltd. Liquidity.
How it works?
Financial investors participate in the project by purchasing Token HOM, which is a block chain token with encrypted securities. There is enough early bird offers and discounts available to early investors.
If we lack to accumulate enough benefits to start, we will return all money. The total basic amount needed for the mission MVP is 1 million USD. This organization is fully registered and under the guidance of the Organization for Economic Co-operation and Development (OECD) is responsible for reviewing EU specification accounting criteria to ensure this assurance.
75% of publicly supported money will be used to purchase assets, focusing on making use of financial resources. Investors / financial experts will have a visual confirmation of the benefits of acquisition through blockchain and resource use. Leading developed markets across Europe according to PwC and JLL will be selected to deliver the best returns.
House for rent
Unit leasing will start no later than 7 months from the end of the Fundraising Fund. Income will be generated from the first month of the rental
The company will use the Ethereum phase to help submit publicly funded capital mobilization processes and will move towards posting tokens on a few significant decentralized transactions. The organization intends to build a P2P shopping center despite posting on various trades.
When the supply time frame ends, asset acquisitions will occur off-chain. The accumulated amount will be transferred to an account and will be converted into EUR, the local currency of physical assets to complete the property purchase. A single-purpose local bank account (reserve fund account) will be explicitly created for objective assets. Sales contracts will be made with all important administrative tasks according to normal real estate transactions and related expenses will be paid through the reserve fund account. The reserve fund will also be used to pay down property management costs, trust fees and some other applicable costs caused by the property, for example, regular maintenance costs and costs. other small. The measure of cost will vary depending on the real estate sector the same as the fees charged by the different trust organizations and asset improvement organizations.
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