GLOBAL REIT – invest and earn from the property.

Hi everybody. Probably you know that REIT means Real Estate Investment Trusts. This is one of the ways to invest in real estate without buying property. According to Forbes, it is still a good time to invest in real estate since there is more growth and more ways. People invest in REITs for diversification and for “non-correlation” with other types of equities. Let me write about REIT project based on blockchain today.

What is GLOBAL REIT

GLOBAL REIT is similar to any traditional REIT but operates with the assistance of blockchain technology. The company collects the investments and acquires the real estate, manages it, gives for rent etc., providing the investors with a liquid stake. Blockchain brings to the system transparency, comfort, security and other benefits. The company acquires the assets globally, provides monthly dividends to its investors and reward points for referrals, moreover, this platform works in compliance with sharia principles. First acquired asset will be Mysk by Shaza Hotel in Dubai worth $75 million. This project will be mainly interesting for crypto investors looking for a stable income, real estate assets holders wishing to enter a liquid market and existing REITs willing to enter the crypto domain.

Tokens of the platform

There are 2 types of tokens: GREM (GLOBAL REIT Fund Manager Token) and GRET (GLOBAL REIT Asset Token). The token holder will receive 2% of asset under management initially and this percentage will reduce annually to 1.25% in 3 years. The income of GRET tokens will be constantly equal to 8% per year on its first acquired asset.

The modules of the platform

There are 3 main pillars of GLOBAL REIT:
  • The Asset Management. This section contains all the information regarding the assets, listed on the platform. The module handles the front and the backend of the assets and the backend functions executing the smart contracts for GRET tokens.
  • The Transaction module manages APIs and interface calls, verifies all the transactions, executes participants’ instructions.
  • The Compliance and Security pillar performs standard checks and balances day and night providing high level of security.

GLOBAL REIT tokens and ICO details:

  • Ticker symbol: GRET and GREM
  • Token standard: ERC20
  • ICO start: June 1, 2018
  • ICO end: June 30, 2018
  • Total Number of Tokens:
    ↪ 200,000,000 GREM
    ↪ 75,000,000 GRET
  • Tokens price:
    ↪ 1 GREM = $ 0.07
    ↪ 1 GRET = $ 1
  • Payment accepted: ETH, BTC & USD
  • Minimum purchase: 0.1 ETH & 0.01 BTC
  • Maximum limit: no
  • Restricted countries: USA, Japan
Prepared by Stavri (Bitcointalk Profile) :
https://bitcointalk.org/index.php?action=profile;u=955201
ETH Wallet: 0xf263f99B27E37e97720b9DdaF525B565E18A89c2

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