HabibiCoin is an asset backed token, all the proceeds are invested into real estate
Habibi coin is a real estate backed token with a social philanthropic model being launched as a community solution
Pre-ICO/ICO Launch Manager
Umair Abdul Sattar
Social Media Team
Social Media Team
Rami Al Sila’a
Mufti Muhammad Abu Bakar
Head of Shariah Compliance
- Crowdsale (65%)
- Team (15%)
- Marketing & Bounties (6%)
- Technology & Token Development (5%)
- Future Partnerships (5%)
- Advisory Board (3%)
- Reserve (1%)
- Public (75%)
- Mortgage (25%)
Cost of the token1 token for 0.05 $
Price without discounts
- Bitcoin Cash
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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
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The project is a community that helps its members participate in fractional property ownership without high fees, loans, etc. The average person can never be a homeowner or an investor in real estate because of strict pre-requisites from creditors. A big part of the market is thus inaccessible to the majority of people. Habibi Coin seeks to create equal opportunities for all those involved in the purchase of real estate. When a buyer of Habibi Coin buys tokens, they create a structure in which the funds are distributed over several different real estate transactions. This creates a higher level of diversification on domestic and international lines, giving the owner of the token more opportunity instead of buying one property and concentrating its funds in one investment that is under huge risk.
Risks and disadvantages
The project is interesting theoretically, but in practice this approach will not work. In addition, the idea of dividing up contributions is far from new and has not proved itself in practice. Also, the creation of a personal token, only complicates the situation by adding to the problem of small installments for the purchase of real estate one more problem - an illegal payment system for cryptocurrency.
I am sure that this project will not be able to win a wide audience and gain widespread acceptance of users. The scheme of splitting contributions when buying a property does not work well and in addition the property itself brings a relatively low income compared to the rest of the crypto-currency sector.
A short time period for executing the road map shows the profitability of the project because it will be able to deliver in time as promised. A sizable tokenshare is held by the team and this shows their commitment towards success and making the project profitable.
Risks and disadvantages
The budget has not been allocated in a way that favours the projects growth. a team of advisers is necessary to the project fo it to provide guidance short of that the team will face serious setbacks.
More analysts and research need to be put to this project to check the nature in which its funds have been allocated which might not be profitable.
Team of the project is experienced one, based on their social networks. Thus, there are also advisors. Analyzing crowdsale details, there is data about soft cap and hard cap, which is an advantage.
Risks and disadvantages
Roadmap has only few steps of platform development. I wish it could be more precise. Such kind of project should have partners, as least any. However, I did not see them on the website. In addition, marketing is poor, as Habibi coin does not have so many social networks.
The idea is not new, and there are lots of competitors on the market. For example, Propy and Real are dealing with real estate as well. Thus they have already working product, while Habibi coin does not.
Different currencies have been accepted so the project has advantage over the other ICO projects accepting one digital currency. this will see a number of investors flocking the pre ICO. Real estate is a highly profitable venture and on the block chain it's too be made more profitable as middlemen and exuberant additional prices are cutout
Risks and disadvantages
Massive competition will affect growth. The distribution of the budget is extremely poor because no key aspects have been considered for financial facilitation.
The current market is very volatile and this why a lot of scrutiny is used while verifying which token to invest in so the ICO team members should consider providing explicit information and also making the platforms as profitable to meet the investors cretarias.
What Is Habibi Coin?
Habibi Coin is a community solution to help its members participate in fractional real estate ownership, and construction without having high incomes, credit scores and development experience. The average person can never be a home owner or real estate investor due to strict pre requirements from lenders. They also have no experience in construction of properties and have to rely on sub contractors to develop a project to profit off of the lucrative construction side of real estate. This creates a gap where a significant portion of the market is underserved. Habibi Coin aims to create equal opportunity for anyone to participate in real estate and leverage our experience in the construction of real estate. We focus on government backed projects, joint ventures with established developers, and general construction of low risk projects done in volume. 80% of all funds raised go towards building a thriving real estate portfolio in a global market so it is diversified across great projects all around the world and less exposed to a domestic downturn in any one area. It is also heavily concentrated in doing construction projects for clients who require the need to develop their properties. 20% of all funds raised goes towards tackling homeownership challenges like interest bearing debts and mortgages. The average life span of a mortgage is 25-30 years with initial payments being 80% interest and 20% principle. As you pay the debt down the ratio changes to 60% principle and 40% interest. On an average $200,000 dollar mortgage you end up paying 3 times the cost in interest alone over its life span. Habibi Coin works with home owners to assess their situation, mortgage product and circumstances. Once approved it then buys out the mortgage in full essentially becoming the lender. All interest is removed from the equation completely. The home owner ends up paying 80% of each monthly payment directly towards the principle debt. This helps home owners pay down the debt in less than half the time in addition to reducing worry stress fear uncertainty and doubt. Habibi Coin also protects the home owner from foreclosure. With Habibi Coins system if the owner defaults over a certain period of time the property is put up for sale and the owner is given a cheque for the equity they have built up in their property over years of making payments. This ensures their hard work is never lost, their asset is protected and it is owned in full in half the time. A true community solution for its members to create economic prosperity safety and security for them and their families.
How Does Habibi Coin Work?
Habibi Coin is created on the ERC20 protocol based on the Ethereum blockchain. Habibi Coins can be purchased using Etheruem. Funds that are raised get invested into the real estate deals, into construction projects and into buying out mortgages. It has an underlying property portfolio which appreciates and cashflows over time incrementally helping the portfolio growth and simultaneously adding value to the holders of the tokens. The token holders benefit by sharing the profit generated from real estate projects, construction projects and cash flow from mortgage payments. All real estate investment profits are re invested into building a bigger property portfolio. The construction projects generate millions of dollars per year with 15-25% net profit margins on each construction project and the mortgages produce a 20% rental income per month. The longer sustainable growth incrementally grows the value of each habibi coin. The more coins an individual holds the more increase in value they can generate.
Who Makes Up The Team?
A core team of 20+ people with an extended team of advisory board members and qualified professionals who have extensive experience in the fields of real estate, finance, mortgages, cryptocurrency and blockchain technology. You can find out more about our team and advisory board by visiting the website.
Who Is Our Target Audience?
Our target audience comprises of a mix of people. Including investors, fractional real estate owners who do not have the income and credit scores to purchase real estate on their own, those looking to remove interest-bearing debt from their mortgages, those inside the crypto/blockchain communities, people who want to diversify their portfolios and people who want options in asset-backed currencies/communities with less volatility speculation and interest debt. It is a solution for a wider community of billions of underserved people and hundreds of millions of people who seek a better faith based solution than the traditional options in the market.
How Much Does Each Token Cost?
The public ICO price of each Habibi Coin will be 5 cents and in the pre ico you can purchase Habibi Coins at 3 discount tiers 60% 40% and 20%. The price in Ethereum varies daily but you can check the site continually to see the updated current market price of Habibi Coin in Ethereum.
How Is Habibi Coin Different From Other Real Estate Backed Tokens?
Habibi Coin focuses on sourcing deal flow from an extensive network of agents, brokerages, financiers, land departments, government authorities, medium to large developers, and its own community members. It also focuses on tackling interest bearing mortgages for its community by removing interest from the equation, protecting equity, reducing home ownership time spans, and providing economic relief to its community members. Habibi Coin also uses a SMART real estate approach which times the entry and exit into projects. Working with reputable and well established developers to partner up and enter deals at the right times allows Habibi Coin to maximize the profit earning potential and reduces the exposure to risks with high liquidity options.
What Is The Main Reason People Should Buy Tokens?
Habibi Coin provides its target audiences with opportunities to participate in an industry traditional reserved for the rich and wealthy. Creating opportunities for fractional ownership to a market segment underserved. It also helps provide protection against the interest bearing mortgage system. Investors can have the opportunity to participate at pre ico discounts that will reflect ownership inside a international real estate investment vehicle without barriers to entry or borders to business. They also get the opportunity to participate in a digital currency that is backed by a real hard tangible asset protecting against extreme volatility speculation and risk.
What Types Of Real Estate Will Habibi coin Invest Into And Where?
Habibi Coin will invest into all forms of real estate from land acquisition, developments, commercial, residential, multi family, hotels, towers, Airbnb’s,short term long term rentals, fixes, flips, government backed projects, partnership projects with large developers and more. It will be investing globally with more focus towards North America, Europe, Middle East, And Asia.
I Would Like To Know More About This Project How Do I Find Out More Information
You can find out more information by downloading our white paper or by opting into our email list. Hit up our support team with questions [email protected] or find us on social media. We are on Telegram, Twitter, Facebook, Linkedin, Youtube, and Instagram.
Can I Have More Than One Wallet?
Yes, you are able to create multiple wallets on the Ethereum platform by following the correct procedure as mentioned in the ‘How Do I Create An Account’ section.
How Long Does Registration Take?
Registration is fairly straightforward with a clear step by step guide and instructions on what to do, which takes less than a few minutes to complete.
How Can I Participate In The Pre ICO Or Crowdsale?
In order to participate in the Pre ICO or ICO you need to register yourself by signing up on our website. Fill in the KYC form and whitelist yourself for pre registration. You can also opt into our email list to receive regular updates on our Pre ICO and ICO launches. If your a large investor discounts are discussed separately please send contact us at [email protected]
How Can I Buy Habibi Coins?
The tokens will be available for purchase directly through our website with the Pre ICO beginning April 30th and running for roughly 6 weeks or until the cap is reached and the Public ICO beginning June 18 and running for 4 weeks or until the hard cap is reached. You can also whitelist yourself in advance of the Pre ICO to make sure to get in on the 3 discount tiers by signing up on our website Habibicoin.io
What ICO Trackers Is Habibi Coin Featured On?
Habibi coin can be found on ICO ALERT and more listing sites soon. Check back often and we will continually update the listing sites.
How many tokens are allocated to the bounty campaign?
24 million tokens are allocated to the bounty campaign in the initial stages and a further 20 million tokens will be allocated in later stages of development. To find out more about our bounty campaign and how YOU can benefit head over to our site and check out the bounty section.
What Platforms Will Your Bounty Campaigns Be Active On?
Our bounty campaigns will be active on multiple platforms including but not limited to Telegram, Bitcointalk, Facebook, Twitter, Linkedin, Youtube, Medium, Qoura, Reddit, Steemit, and on our website.