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#Real Estate All projects

Smart Realty: Revolutionizing real estate industry

Use and Accept Cryptocurrency for Real Estate Transactions

stage Ended crowdsale

4.3 Rating

by 8 users


    Team

    5
    man ERNIE WONG

    Senior Management

    Ernie is a real estate investor, cryptocurrency investor, and financial advisor.

    man FARES AKEL

    Smart Contract Developer

    Fares is a developer with tremendous experience developing complex smart contracts and cryptocurrency projects.

    man VAL KLEYMAN

    Senior Management

    Val is a real estate & cryptocurrency investor, sales & marketing professional, developer, partner, lender & entrepreneur.

    man LINDSAY BURLESON

    Contract Law Consultant

    Lindsay is an attorney specializing in business, real estate, cryptocurrency, and contract law.

    man FILIP POUTINTSEV

    ICO & Marketing Consultant

    Filip is an entrepreneur, business expert, crypto currency enthusiast and an ICO advisor.


    Advisors

    1
    man MATTHEW MURPHY

    Matthew is the Global VP of Renren leading their Real Estate tech and venture capital efforts in the US. Previously co-founded and sold Lemon.com, one of the first bitcoin wallets featured in the best seller book, Digital Gold. Successful Silicon Valley Marketer helping build companies like E*TRADE, Chegg and Ask.com.




    Crowdsale details

    Distribution of tokens
    • Crowdsale (40%)
    • Development, Executive, and Advisory Teams (10%)
    • SMARTRealty Economy (10%)
    • Marketing (10%)
    • SMARTMortgages (2020 Roadmap) (10%)
    • Admin (5%)
    • Contractors (5%)
    • Legal (5%)
    • Bounties and Giveaways (4%)
    • Charitable Use (1%)
    Details Indicators
    Token Symbol RLTY
    Full Token Name SMARTREALTY Token
    Crowdsale Start February 15th, 00:00 GMT+03:00
    Crowdsale End June 15th, 00:00 GMT+03:00
    Domain registration date 2018-01-14
    Domain owner Registration Private, Domains By Proxy, LLC

    Cost of the token

    100 tokens for 0.08 $

    Price without discounts

    Accepted currency

    • Bitcoin
    • Ethereum
    • Litecoin
    • Other


    Rate the project

    Estimate the project on a five-point scale or switch to the simple scale

    Five-point scale Simple scale

    Relevance of the problem and Market size

    1 2 3 4 5

    Product competitiveness

    1 2 3 4 5

    Founders, Team & Advisors

    1 2 3 4 5

    Budget allocation and roadmap

    1 2 3 4 5

    Token economy, Tokenization & Business model

    1 2 3 4 5

    Distribution & Lock up of tokens, Discounts for early buyers

    1 2 3 4 5

    Summary rate the project

    1 2 3 4 5

    Rate the project by other users

    8
    Xiuli Wang April 04, 2018
    Rating of project
    3.7

    Advantages

    Risks and disadvantages

    Comments

    Natsumi Iwata April 04, 2018
    Rating of project
    4.3

    Advantages

    Risks and disadvantages

    Comments

    Lisa Dominguez April 03, 2018
    Rating of project
    4.3

    Advantages

    Risks and disadvantages

    Comments

    Sofia Medda March 28, 2018
    Rating of project
    4.2

    Advantages

    Real estate transactions is a huge field where blockchain technology can be used.

    Risks and disadvantages

    There are quite a number of deals made unofficially or just based on some oral agreements. Still I think many of us would welcome the opportunity to make real estate transactions quick and simply.
    Even governments consider using blockchain technology for registration of real estate. So the competition in this sphere may be really hard.

    Comments

    This project may be less or more successful than other projects using blockchain for real estate industry. Still I think it has a future.

    Denys Serhiichuk March 25, 2018
    Rating of project
    3.5

    Advantages

    The idea is perfect as there are lots of mediators in real estate business ( accountant,
    financiers) who are not needed. The following project wants to delete such barrier in the industry.

    Risks and disadvantages

    There are platforms based on Blockchain, which already deal with real estate, such as Propy or Real.Those projects are functioning and have existing product, which cannot say for Smart Reality

    Comments

    Whitepaper needs to be more detailed. For such a large-scaling project, that is not enough. I think the team should have worked on the implementation on the platform more, rather than conducting ICO so fast, without any specific information.

    Antony Smith March 24, 2018
    Rating of project
    4.7

    Advantages

    I can see a long-range project with a team of professionals, which has a potential to change the whole real estate market in the nearest future. I can’t say that the idea to bring smart contracts into this sphere is unique, but in this case I have positive expectations.

    Risks and disadvantages

    You should add more details in your White Paper, cause it’s too short for such global Initial Coin Offering.

    Comments

    If I were some average investor, I would definitely pay attention to this project.

    Jordan Semanda March 24, 2018
    Rating of project
    5.0

    Advantages

    Smart Reality is the ultimate solution to the land lord and tenant work frame in the real estate business in terms of transactions.
    Real estate being one of the largest business this new development will definitely be adopted because of its efficiency
    The team behind the project looks prospective and efficient.

    Risks and disadvantages

    The real estate agencies might be quick to adopt the system but the tenants might be adamant and reluctant to cope with the development, meaning that time for implementation might be longer that expected.

    Comments

    The project is very prospective but a long term maturity period is expected, important to note is the reduction in paper work and accuracy in processing paper work is a sure go ahead and success of this venture

    Veronika Arbisman March 16, 2018
    Rating of project
    4.5

    Advantages

    Authorization of the contract procedures in real estate can tangibly decrease emerging misunderstandings and court disputes. Increasing of popularity of single-family residence and growing numbers of home sales are good signs as well.

    Risks and disadvantages

    Bad reputation of Real Estate field thanks to crisis of 2008 and high % of court disputes connected with this area can look a bit scary.

    Comments

    The goals of the project sounds attractive and prepared review on market dynamics also goes as a plus. Will be very helpful in the residential leases.

    See more reviews

    FAQ

    Frequently Asked Questions

    WHAT IS SMARTRealty?

    The SMARTRealty system has three primary elements:

    1) The SMARTRealty contract platform – The contract platform consists of a template system that allows contract creators to create their own SMARTRealty smart contract that fits the needs of their specific transaction and complies with local statutes for their jurisdiction.

    2) The SMARTRealty listing platforms – The SMARTRealty listing platforms will allow property owners to list their properties for rent or for sale, and will distribute these listings to many other popular real estate sale and rental sites all across the web.

    3) RLTY Tokens – RLTY Tokens are the official SMARTRealty token for use with SMARTRealty smart contracts. Payments can be made with any major currency (crypto and fiat), but will be automatically converted to RLTY tokens so payments are properly recorded and tracked.

    What will drive demand for the RLTY tokens beyond the ICO?

    As mentioned above, RLTY Tokens are the official SMARTRealty token for use with SMARTRealty smart contracts. Payments can be made with any major currency (crypto and fiat), but will be automatically converted to RLTY tokens so payments are properly recorded and tracked. Since every transaction on our platforms, even payments made with fiat, will be converted to RLTY tokens, there will be a constant demand for RLTY tokens with many purchases occurring automatically as every transaction is converted. While the market exchanges will determine the value of RLTY at any given time, we believe the consistent usage of the utility token will keep demand high. It is important to reiterate, however, that the SMARTRealty team cannot guarantee or control future token values, and makes no guarantee or assurances in that regard.

    Is there a minimum purchase for RLTY tokens?

    There is no minimum purchase for participation.

    What the ICO soft cap and hard cap?

    We have no soft cap at all. Regardless of the amount of funds raised, this project will move forward and development is already well underway. The hardcap for the ICO is 160,000 ETH but we do not expect to raise that much. Any unsold RLTY tokens allocated for the ICO will be destroyed at the end of the ICO period.

    Will SMARTRealty's contact and listing platform be available worldwide?

    Initially, we will launch in select test markets in the US. From there, we plan to expand to cover all of North America, and then the rest of the world soon after. We have to launch in phases, because every state, province, country, etc. has unique laws and unique elements that should be present in contracts in the respective jurisdictions. This requires consulting with attorneys in every location in order to ensure that contracts created on our platform are enforceable and legal in the jurisdiction where the property is located.

    How do i see my RLTY TOKENS in an ERC20 compatible wallet, like MyEtherWallet?

    Add a custom token, and use the following info:
    Contract Address: 0xbe99B09709fc753b09BCf557A992F6605D5997B0
    Token Symbol: RLTY
    Decimals: 8

    What do things like "Legal", SMARTRealty Economy", and "SMARTMortgages" mean in the token distribution diagram?

    “Legal” means compensation for lawyers, essentially. Since our smart contract template system has to support users in multiple jurisdictions all over the world, we need to consult with attorneys who can ensure that we have the right “ingredients” for each jurisdiction. For example, the US state of Arkansas has no statutory implied warranty of habitability for leases – that’s basically a law that says every rented home must have certain things, like running water, heat, no bug infestations, etc. Most states have such a law, Arkansas doesn’t. Therefore a smart contract that handles a lease in Arkansas will have to contain extra language to cover such things.

    Similarly, there are other lease clauses that are required or recommended in some jurisdictions but not others. Every location in the world is a little different in that regard. The notice period for terminating a tenancy in Colorado, for example, is 7 days. The notice period in Florida is 15 days. The notice period in California is 30 days if you’ve lived there less than a year, but 60 if more than a year. With all these differences, it’s important that we comply with each jurisdiction’s different requirements, laws, etc. That’s what the legal fund covers.

    The “SMARTRealty Economy” is the tokens set aside to facilitate and process smart contract transactions, beyond what tokens are available on exchanges. For example, if a tenant wants to pay in USD or Bitcoin, our payment processing system will need to convert that bitcoin or USD into RLTY tokens to record the payment in the smart contract. While we expect to have RLTY listed on plenty of exchanges with plenty of liquidity, we don’t want to rely on that or, in the event of a home purchase, be forced to buy $500,000 worth of RLTY on an exchange to facilitate that size of transaction in times of low liquidity, so it’s important to have the option to “mix in” tokens from exchanges, the economy fund, etc. so as to not have any given transaction manipulate the markets. Without an internal economy fund, one seller who sells a million dollar piece of property via SMARTRealty smart contract, then wants to cash out, could significantly drop the market, so our economy fund will need to hedge against that to keep the exchange markets positive and fair for everyone.

    “SMARTMortgages” are something we plan to introduce in 2020. After our listing platforms are out of beta stage and open to the public, we will start work on the SMARTMortgage platform, which will allow people to finance home purchases using cryptocurrency (and convert it to USD or other currencies as needed). This token supply will allow us to facilitate such mortgages and lend to buyers directly, much like a bank or mortgage lender does with fiat.


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