Dominium: Decentralised, regulated property financing and management platform
The one-stop-platform for everything to do with property anywhere in the world
Sven-Thomas Munte, a German national, obtained an MS in Biology from the University of Georgetown before continuing his development at the Department of Invertebrate Animals at the National Zoo, Washington, DC. Since 1991, he has been owner and Managing Director of property management company Munte Immobilien, which manages approximately 3000 rental apartments and nearly 70 homeowner communities.
Mark Lloyd, along with his long-term business partner, Jackie Reeves White, has grown 6 successful businesses with 2 of these having been sold on the open market. He owns a successful Property Sourcing Company which looks for undervalued property deals throughout the United Kingdom. Property Mastery Academy is a private training company that educates property investors across the UK.
Marco Reimann graduated in economics from the Carl von Osszietzky University in Oldenburg in 1996. He successfully completed his IREBS real estate studies in 2008 and the study of becoming a tax adviser in 2014. After working for Arthur Andersen in the field of auditing (1996-2002), he joined Ernst & Young. In 2005, he became Managing Director and, from 2010, Owner-Managing Director of Acarius Tax Advisory.
Esther has worked in the world of real estate for over 10 years and now boasts an abundance of experience in the Dutch property market. She is highly qualified to provide professional advice on many real estate issues, having earned a postgraduate title in social sciences (specialising in real estate) and as a member of the VBO (Real Estate Professionals Organisation) as well as a holder of a rental agent license.
Jacco van Herwaarden is the founder of Confidon Fund Administrators in Breda, the Netherlands. He studied Economics at the Erasmus University in Rotterdam and has worked as a Lecturer of External Reporting and as interim manager (Assistant Financial Controller). He likes to work in demanding regulatory environments and is an experienced Compliance Advisor.
Maarten Dirks teaches blockchain technology at the Rotterdam School of Management, Erasmus University. He holds a Master of Science in Engineering from Eindhoven Technical University and is Managing Director of Effics Innovation Management. He instructs postgraduate students in the field of Business Information Management, with blockchain technology as his field of expertise
Paula is a lawyer specialising in Corporation Tax Dispute Resolution. Having worked in the Solicitor’s Office of Her Majesty’s Revenue and Customs (HMRC) for nearly 9 years before moving to the private sector. She now advises global companies on UK corporate tax issues such as diverted profits tax and permanent establishment and HNW individuals on issues such as domicile and residence
Gudo enjoyed a lengthy career in the international property market in both marketing and sales, before becoming Managing Director of a European Property Software Company (MLS). Over the last 5 years he has established the E-Mail Department for AdPublisher, dealing with all the mayor brands in the Telecom-, Automotive-, Banking-, Investment- and Real Estate Industry.
Joost develops smart contracts for various blockchains and explores existing and next-generation blockchain functionality. As part of his PhD track at Tilburg University, he publishes papers with regard to the logical foundation of blockchain as part of his aim to develop cross-platform blockchain standards and to make blockchain more accessible to the general public.
- Development (45%)
- Stabilising DOM (50%)
- Charities (5%)
Cost of the token1 token for 0.25 Euro
Price without discounts
Discounts and Bonuses
During the pre-ITO additional bonuses are available for those that would like to order large amounts of DOM:
1,000,000+ DOM 5% bonus
2,500,000+ DOM 10% bonus
5,000,000+ DOM 15% bonus
7,500,000+ DOM 20% bonus
10,000,000+ DOM 25% bonus
Rate the project
Estimate the project on a five-point scale or switch to the simple scale
Estimate the project on a simple scale or switch to the five-point scale
Relevance of the problem and Market size
Founders, Team & Advisors
Budget allocation and roadmap
Token economy, Tokenization & Business model
Distribution & Lock up of tokens, Discounts for early buyers
Summary rate the project
Rate the project by other users5
Dominium is a compititve project due to the fact that a variety of currencies are being ccepted in the acquisition of the Dom tokens. Issuing of the English version on the market will widen the market opportunities for dominium as it will be accepted in more market spaces
Risks and disadvantages
Budget distribution is not promising at all and has been done haphazardly this shall in the long run affect the proper execution of the desired and critical steps in the road map. A press team is not present in the discriptuon of the startup. Bonuses have been poorly distributed it should be noted that offering such exaggerated incentives ruins the positive future prospects and creats risk of high token circulation while on the exchange hence creating large margins of value loss.
Adjustments should be involved in the project to make it even more compititve as the market sphere is quite promising. Hence this one is up for consideration.
The website is translated into other languages. It means that founders pay attention to investors from different countries. Team consists of experienced members, advisors and partners. Besides that, there are representatives of the company in other countries. In addition, there area bonuses for those, who invested at the early stages of the tokensale. They can get more tokens. Investors can use not just only Ethereum, but also Bitcoin, Litecoin, ''fiat'' and other ways of payment.
Risks and disadvantages
Whitepaper could be more detailed, as it is almost impossible to cover all project aspects in 21 pages. Roadmap does not look complete. There are not enough steps of platform development. Thus, it would be better, if they were described up to dates. What is more important is the lack of the working version.
As a whole, the idea of connecting blockchain and real state is not new. There are many other already working platform, like REAL, Brickblock and others. Dominium needs to do a huge work to succeed. However, for now, I would not just people to invest in the following ICO.
Two successful real estate companies are behind the project. Buy back and burn program is designated to overcome the problem of high value fluctuations. Transaction fees will be only paid in DOM tokens. The total supply of DOM tokens is fixed.
Risks and disadvantages
Aggressive discounting during pre-ICO stage is risky. Those who own bonus tokens will be able to earn selling it, which may cause the decrease of token's value.
There is a possibility to see what is already developed for those who registered and have created an account. Nonetheless I think an easy access to a demo version and an attractive video presentation are the things which investors would appreciate.
More doors are being opened for entrepreneurial people that have small investment capital to be able to be share holders in big profitable entities this being a serious case I have enthusiasm that many individuals will be interested in a an ICO project offering such services.
Risks and disadvantages
Encouraging people to invest in projects with small amounts of money might result into limited returns on profits because low investments also bring low on reruns in form of profits. Proper token allocation hasn't been displayed this is a big minus as regard the token economy.
Not everyone willing to invest has millions of many so thus is a very thoughtful agenda to bring in more people and community members this shall also have an impact on growth of the token.
10% of the total amount of tokens is allocated for the airdrop, bounty program and referral program, which means that many people will be awared about the project. Users will be able to invest in real estate with as little as 1 token.
Risks and disadvantages
I didn't find descriptions of properties which are planned to be purchased. Creation of MPG tokens looks like a different project: all the raised funds will be used to purchase property and then 95% of the profits will be paid to MPG token holders and 5% will be paid to Dominium. As there is no detailed information how these 5% of the income will be used, there is no confidence that selling MPG tokens is in line with the main goals of the project.
I think there should be more detailed documentation and more elaborated roadmap. Budget allocation should be explained in more detail.
Who is behind Dominium?
Dominium was founded by two traditional real estate companies, Max Property Group and Munte Immobilien. They provide nearly two centuries of industry experience combined, as well as putting up the underlying real estate for the launch of the platform. Ardor provide the blockchain technology having enjoyed five years of experience and success with the Nxt platform. Our design and software dev team are Auxensis Infotech, a leading development company operating since 2014. We also have property managers, legal experts, jurisdictional advisors etc. on board. Each person contributing to the platform is an expert in their respective field, coming together to build a legally sound, technologically viable and financially secure product.
Why has it taken you from 2012 until now to launch Dominium?
We first started looking at the crypto space in 2012 when second generation blockchain technology was just emerging. Ethereum only launched in 2014 and we wanted to see how the technology would develop. In subsequent years we observed some of the problems developing in the space; blockchain bloat, failing ICOs and collapsing platforms to name but a few. With the launch of Ardor, we felt that the right technology had finally been created to meet our purpose, free of blockchin bloat and high fees. In the meantime, we set up a number of property funds and based financial models on them to ensure the first Assets could be added to the platform. We were then able to accurately calculate the type of property required to financially support the platform, thereby ring-fencing it from future collapse. We also came up with the buy-back and burn program in order to overcome the token collapse problem that we had witnessed following other ICOs.
Why did you choose Ardor?
Having observed bitcoin and Ethereum develop issues such as blockchain bloat and high transaction times and fees, we were waiting for an established technology that overcame these problems. The Ardor Blockchain-as-a-Service Platform was built on Nxt blockchain technology, which has been running publicly since late 2013. It is not subject to Blockchain bloat because it is not dependent on computational power. It also has the ability to effectively record the types of transactions that we require on our platform.
Why do you buy back your own tokens?
Many new tokens are subject to high value fluctuations. Even bitcoin, the oldest and best known cryptocurrency, has been subject to great value shifts. It is of benefit to Dominium and its users if the token value remains stable and relatively unsusceptible to external factors. The company has a portfolio of real estate assets which generates revenue. The company will use its revenues to buy back DOM tokens, which creates a stabilising effect on the value of the token regardless of the platform’s transaction volumes, the crypto market and the value of Bitcoin. This is beneficial to all token holders and platform users as well as the platform itself.
Can anyone use the platform?
Anyone can register on the platform and some actions are open to all, but there are restrictions based on investment regulations, and access to certain features are subject to KYC and AML procedures. Please see our terms & conditions for full details.
How does your AML / KYC work?
Users are able to upload their AML / KYC documents directly onto the platform. We operate a clearance level system for the level of access a user has to products and services on the platform, subject to the documents that have been uploaded in the account. This is to ensure that regulatory compliance is adhered to.
How does standardised regulation work?
We employ regional legal professionals to draft templates adhering to appropriate financial regulations, which are made available to Asset listers using the platform. These standardised documents are applied to Assets on the platform in order to ensure they adhere to regulatory requirements without the need to pay expensive legal fees. The documentation will be maintained and updated to ensure its relevance.
What is the Token purpose?
The purpose of the DOM token is to pay for all transactions on the Dominium platform. This makes property related transactions affordable, regulated and open to all. The transaction fees on the Dominium platform are charged in euros, but can only be paid with DOM tokens. Transactions include, but are not limited to, listing properties, creating Assets, trading Assets, voting for charities and registering sales and rental agreements.
How can I buy DOM tokens?
At this stage DOM tokens can be reserved through the pre-ITO whitelist. This is clearly explained here: https://www.youtube.com/watch?v=kP7xkdA8Jb
Register an account
Reserve your DOM tokens
Which cryptocurrencies are accepted?
Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), Binance Coin (BNB), ARDOR (ARDR), NXT and IGNIS are the only crypto currencies accepted.
Are FIAT currencies accepted?
Yes, however EURO is the only FIAT currency accepted at this stage.
Which wallet should I use to receive tokens?
Once the Dominium childchain goes live, we will migrate all the balances to the blockchain. At this stage you will need an Ardor account. We will automatically create an account when you do not have an account on Ardor yet and in case you do not have the wallet installed yet, you can download it here.
Is there a minimum amount to purchase?
The minimum amount you can purchase is 10,000 DOM tokens during the pre-ITO, however for the ITO that will be lowered to 100 DOM.
What is the goal of your project?
We strongly believe that blockchains will have the same impact on future society the internet had. The technology will challenge traditional markets and business models. We can already see big waves in fintech and logistics, but we feel it’s certainly not limited to those industries. As we enter the era of globalisation, Dominium will be one of the first companies to challenge existing business models and open up the real estate industry to a wider audience.
Is your product already working? Do you have a prototype or a beta version?
Yes. Just create an account and you will see what is developed already. Dominium is a huge project and will continue to be developed for the next few years. We will inform all users as and when new functionalities go live.
How is Dominium different from other blockchain real estate projects?
As opposed to Bloqhouse, our service expands beyond the provision of tokenised assets. Our knowledge helped us shape an all-in-one platform that is custom-tailored to the real estate market. Cprop is providing a transaction management system which connects existing portals to one another, however this still doesn’t answer all the issues the industry is facing. We believe a solution should be all encompassing and our service is just that.
Why do you have a blockchain in your project?
The platform brings all parties in the real estate market together by providing a simple and cheap solution. It allows companies to set up a property fund using affordable, standardised legal documentation. Investors will be enabled to purchase a property asset from as little as €1. Users can register property transactions on the blockchain, leveraging the ledger’s characteristics of immutability and transparency that is much required in this market.
Is the DOM token a security?
No. The DOM token is a utility token. The controlled assets (property funds, etc.) that will be created on Dominium will be security tokens. We will obtain an umbrella license to ensure all controlled assets abide by regulations and as such we require KYC/AML on the platform.
What is the difference between utility and security tokens?
Utility tokens are a transactional token used to pay for transactions on a platform and security tokens are backed by real assets such as an equity, shares of a limited partnership company, or commodities.
How would you explain your growth potential?
As demand rises, more funds will be listed and more businesses will start to use the platform. The regulatory framework will provide a quick solution to enter markets in other geographic segments, but the focus in the immediate future will be on b2b and to create a diversity of funds and functionality on the platform. By improving the conditions for the sector as a whole we automatically improve our own value proposition.
What is the total supply of DOM tokens?
1,000,000,000 DOM tokens.
How many DOM tokens are for sale?
70% or 700,000,000 DOM tokens.
How many DOM tokens are allocated to the team?
20% or 200,000,000 DOM tokens.
Where are the other 10% of the DOM tokens going?
We have allocated 10% or 100,000,000 DOM tokens for the Airdrop, Referral Program and Bounty Program.
What happens to unsold DOM tokens?
We are going to keep selling the ITO tokens until they are all sold and at the prices indicated. The child chain will go live too, so if people want to undercut the ITO (if it is still going after the child chain is live) they can do so. We will start buying back the DOM tokens once there is surplus income in the company and as such we will buy all the DOM tokens that are offered cheaper than the unsold DOM tokens (if any). Once all the cheaper DOM tokens have been bought and burned, we will automatically start buying any remaining ITO tokens until all ITO tokens are bought up and this money will all go to purchasing more property, thus speeding up the buying up of DOM tokens as more surplus money will be generated.
When will the airdrop, referral program and bounties tokens be distributed?
The Airdrop, Referral Program and Bounty Program tokens will be distributed as soon as the child chain goes live.
Do my referrals have to pass KYC before I can receive the reward for the referral?
Yes, the referred user needs to at least have Clearance Level 1 before the bonus DOM can be withdrawn by the introducer.