List of Upcoming ICOs in Real Estate
- Real estate is one of the industries that consistently attracts a high number of ICOs. And different startups are bringing in fresh ideas on the blockchain. We already covered some real estate projects that have already concluded ICOs but more and more real estate projects are coming to blockchain.
Here is a list of scheduled ICOs in real estate.
Alt.Estate
The platform for real estate developers and investors, which uses blockchain, will let token holders invest in tokenized property assets in fractions. Currently, it is a working prototype with a three already tokenized apartments in key geographies (USA, EU, Japan) and sound community support.
With it, property owners can tokenize real estate property or assets so that it can be sold in fractions for many investors. Then, token holders are able to invest in a number of property, owning from as low as a 1/1,000 fraction of a property. Platform tokenization also removes 30% of property price thus the transactions are low cost. With the platform, individuals and institutions will be able to purchase and sell buy or sell fractions of properties without borders.
The owner who wants to sell property lists it, the property is then checked and appraised, the system will then tokenize it and offer it for buying by buyers. Sellers get flexible sales instrument while buyers can choose from a wide variety of real estate opportunities without traditional cross-boundaries. Also, property specific tokens are traded on the Alt.Estate platform with their prices being set by the balance of buy-and-sell orders.
The platform will compete with others such as Latoken, Propy, Primalbase, Real, Atlant and Rex.
Alt.Estate's pre-ICO ended on May 15. The ICO started on May 16 and concludes on Jun 15.
AQwire
AQwire wants to enable you to acquire not just tokens but also real estate property (or sell to other buyers as well) easily and seamlessly and at low cost, regardless of the location of target, by eliminating barriers to property ownership and acquisition. These barriers include the multiple levels of intermediaries, the need to talk to numerous brokers and the cost associated with it. It runs on Ethereum blockchain and the token is ERC20 compliant.
The platform will use blockchain smart contracts to facilitate cross-boarder payment for real-estate products. The smart contracts will facilitate booking and reservation of units, validating of transactions e.g. recurring mortgage or down payments, escrow transactions, and international KYC.
Other challenges in the current real estate market include fragmentation of data, lack of standard protocol for international real estate transaction (which you and I can attest to given the various jurisdictions and requirements), problems of cross-border payment processing (delays and high cost and paperwork and others), and the other policies and legal procedures such as KYC and developer validation.
With the platform, real estate developers and brokers will be able to list property on the platform. The platform will provide necessary data and information to users such as real estate market reports, and live data trends on real estate investment. Customers who wish to buy will access waived transaction fees for property and discounts.
They already have a billing and invoicing platform since Q1 of 2016 and integrated with two real estate clients Century Properties and Active Group Inc in the same period. In fact, they already have more clients now. They have also won, in the past, the Asean Rice Bowl Startup Awards and IGNITE business pitch competition and so they are quite established to say the least.
The MVP (minimum viable product) Beta Version is set for launch this second quarter of the year while the AQWIRE Post MVP product will go live in the third quarter. The launch of the Blockchain and Smart Contract powered real estate listing platform will enable more developers and brokers to sign up.
The company is already talking to several developers and broker associations in Bangkok, Thailand with an intention to on-board them onto the platform in the forth quarter of this year.
The public pre-sale took place from May 15 while the public ICO is scheduled for June.
Bhom
BLOCKCHAIN HOME or Bhom is a property transaction and funding platform on the blockchain. Through this DApp service, users can invest in property using smart contracts and cryptocurrencies.
The platform will allow for leasing and selling of property using cryptocurrency BHOM Coin and at the same time, users can invest in property development. Basically, owners of property can transact with users directly through p2p to lease or sell property on the platform. At the same time, investors can invest in individual projects where they are allocated building shares and earn profits or divindeds afterwards.
The platform will use BHOM housing environment analysis algorithm to evaluate the value of property to determine property that is worthwhile for investing.
The pre-ICO started on March 19 to March 21 after the private sale that ended on March 1. The date for the main sale is not yet set.
BITProperty
BITProperty is a decentralized system based on Ethereum blockchain, which facilitates investing in commercial and residential real estate in the early stages of construction. With it, investors can invest the minimum of $1000 and receive up to 150% annually, and developers can quickly and easily find investors to their projects and therefore raise funds quickly.
In essence, developers will be able to crowdfund for their buildings and property from investors who expect profits or returns from the property. Sellers of real estate can also use the platform to earn more profits from their selling property and to quickly sell their property using cryptocurrencies.
The platform will also be a marketplace for building materials, property leases, real estate property, and mortgages, all in a P2P economy. Basically, investors are able to contribute and the funds used to buy property in variety of locations, and then the investors get dividends (starting May 2019) as the property value grows. They will also be partnering with international real estate partners.
The BitProperty Foundation will evaluate, admit and manage a portfolio of real estate tokens.
The pre-ICO started on Apr 16 and is ongoing at +35% bonus, after the private sale that raised 245 000 BPS. It is set to end on May 31 and they are targeting to raise the soft cap of 800,000 USD at the rate of 1 ETH = 615 BPS.
Cryptectum
Cryptectum is a Swiss real-estate cryptofund. It is targeting the real estate industry in the country whose rentals return up to 8 percent per annum. However, the minimum amount needed to buy real estate property in legacy processes is very high, with a 3-room apartments in a city already costing millions of Swiss francs. However, with their blockchain innovation, small investors can invest small amounts and expect profits from real estate rental business.
Basically, those buying into the project will contribute funds that can be used to acquire property and then the property is rented out or sold. The holders can then expect profits from property value growth.
The project was set to classify with financial markets supervisory authority (FINMA) on March and completed smart contract programming in February. The smart contracts are based on Ethereum platform with the token being ERC20 compliant. Crowdfunding takes place through a multi-sig wallet connected to the contract. Holders can also participate in the project by way of voting for or against suggestions or proposals including which property to purchase.
They will be buying the first property on December this year and start distributing monthly profits in January 2019. The success will be determined by the net rental income less than a year, net of mortgage and maintenance and operating costs.
The pre-ICO starts on May and ICO will take place on August.
Deedcoin
Deedcoin has already partnered with brokerages and usable in 140 cities across all 50 States. The platform is live at DeedcoinHQ.com. The idea is to revolutionize the way you find your next real estate agent.
Customers, instead of finding their next agent on Google for 6% commission, customers will access the platform, input their property information, and link up with their local Deedcoin agent for a 1% commission.
Thus the customer can hook up with an agent charging the commission they are comfortable with. Buyers of property get a reimbursement of up to 2% of the value of their new home as a credit or closing cost check.
The system also hopes to eliminate inefficiencies of the system.
All token sales concludes in December. They also hope to implement cloud based transaction software this May to June. Launch of Generation 3 and Blockchain MLS will take place in 2020.
The presale opened on February and ended on April. ICO is slated to end on Jul 1.
Distributed Credit Chain
Distributed Credit Chain is a cryptocurrency project that works on the idea of distributed banking. The model will be able to change the " cooperation model in traditional financial services and build a new peer-to-peer and all communications cooperation model across all regions, sectors, subjects and accounts." It involves replacing or complementing trading asset business with distributed credit reporting, debt registration, and distributed asset transaction.
The Distributed Credit Chain (DCC) blockchain will enforce rules by way of smart contracts. It will facilitate decentralized account system and identity management, credit reporting and help improve digital asset lending by way of distributed credit reporting.
Thus, it will help "blockchain-based credit lending platform open up credit reporting links, conduct pre-credit risk control, manage performance during loan, and foster the expansion of the digital asset lending market."
Each user will have personal DCCID, or a Decentralized Credit Chain ID, encrypted stored on cloud, and stored globally. Thus, customers can forego credit agencies and other intermediaries in lending processes. The platform will also increase efficiency, such as using AI to for risk control such that borrowers can find possible lending institutions rather than disclosing information to lenders not legible. It will also create credit history report on blockchain.
The company started its ICO on May 28 and will end on Jun 28th. It will use own cryptocurrency called DCC.
Equalizer
Equalizer or EQL is a utility coin that lets users access affordable home-ownership by eliminating the barriers to entry home-ownership today around the world. It contemplates using modern building code standards and new or emerging construction techniques to achieve this.
They say their homes that will be available for sale will be affordable compared to the many homes available in the markets today. That is not to mean that there won't be high end homes for those on the other end of the scale, but they will use the profits to subsidize the low cost homes for affordability.
The crypto will be used to purchase homes and goods from the platform marketplace, including furniture, art, home decor, tee shirts and homes as they are built. There will also be humanitarian and charitable motives as well as they seek to help those affected by natural disasters such as hurricanes and earthquakes.
The company says on the website that they have been meeting local construction firms and looking at sourcing local materials for their projects. The coin launched on Komodo Platform’s Barterdex. The marketplace is also launched. Again, they say they will enable atomic swaps such that users can perform peer-to-peer atomic swaps between 95% of all coins and tokens in existence.
This appears to be rather scanty in details but they just released the Whitepaper on this month. But they say that they will start off construction of the first home in Puerto Rico in the third quarter of this year. Also, charitable and relief efforts and home ownership kicks off in the fourth quarter of this year.
The public sale starts 31st May 2018 to 30th June 2018 with 1 EQL selling at $0.50c and they are targeting a hard cap of $ 30 Million (USD).
Evareium
Evareium wants to use blockchain to digitize real estate investment including the operation and management of the assets. It will provide an opportunity for even small-scale investors to buy EVM tokens to buy into and own lucrative and professionally-managed property assets and yield up to 20-30% annualized returns.
The platform, which is an ecosystem to help acquire, plan, finance, and invest in assets, will also have smart contracts. This will help eliminate some of the problems eminent in real estate markets including slowness, inadequacy, high costs, inefficient and stressful processing. The cryptocurrency EVM, is also tradeable on exchanges. It will also work more like a stable coin with a value of 1 EVM = 1 USD.
The ICO started on February 1 and ended on April 30. However, they are set to announce a second ICO.
Genesis
Genesis is an international real estate fund and multi functional operating platform that employs blockchain. The platform basically brings investors together to raise funds, which they invest in buying real estate and the investors can share in the profits from growth of property value and other incomes. It means the tokens will be secured or backed by real land assets.
Investors can also, on the platform, get information about investment objects, interests and payments, transactions, the current market rate of assets etc. The company will monitor business using key performance indicators to determine the value of investments and assets etc.
GES token will be listed and traded on exchanges and creation of GDEX, as well as convertable to and from other tokens and cryptocurrencies. The company has already sold 3,543,390.99 tokens at the price of 1 GES = 1 EUR thus exceeding the soft cap of 3000000 EUR. They are planning to release a total of about 250 million GES tokens between 2018 to 2020. This includes 50-60 million tokens in 2018, 50-60 million tokens in 2019, 120 – 130 million tokens in 2020.
The company also has an obligation to repurchase the tokens from users and an investor has the right to project exit by simply selling the tokens back to the company at any time.
The ITO will end in 16 days.
Global REIT
Global REIT employs the same principal of traditional REITs, but is based on the blockchain. The idea is simple: you as the investor will buy tokens and then expect a monthly dividend starting this July, from the growth of property value. The monthly dividend will be paid in USDT, which is a dollar-pegged crypto that works as a stablecoin to minimize volatility.
The platform links asset owners to investors through the platform of distributed tech and smart contracts. It is also suitable for REITs hoping to invest in blockchain endeavors.
They will acquire assets in the U.K., UAE, and other places.
They say the investment will start with Net Asset Value (NAV) of USD 75 million and reach USD 2 billion by end of 3 years.
The Global REIT Fund Manager (GREM) token will start at 2% of NAV and reduce to a maximum of 1.25% of NAV as the Global REIT matures. The GRET token will be stable at 8 percent. The price of 1 GREM = $ 0.07 at crowdfunding while that of 1 GRET = $ 1.
The platform runs on Ethereum smart contracts and GRET tokens are ERC20 compliant as are GREM tokens.
90 million coins will be up for sale on June 2018 (Jun 1, 2018 - Jun 30, 2018) although the pre-ICO is ongoing until May 31, with a 5% bonus.
IHT Coin
IHT Coin uses blockchain, cloud and smart contracts to let users invest in real estates with small amounts of money and enjoy high security and low risk investments. It brings together real estate developers, financial institutions and their users to trade real estate property.
Property developers will launch ATO (Asset Tokenize Offering) to tokenize the property and split it into smaller portions on the kernel ledger of IHT. They will also specify the real estate, address area, property right and other relevant conditions when launching ATO.
On their part, financial institutions can register on the IHT platform and underwrite ATO assets. They screen the assets and check classification. They will use IHT token as an inducement mechanism on underwriting shares of ATO assets. They then generate many sub-products from original shares and release it on the platform and then show it on the users on the display portal.
On the other end, investors are able to subscribe to shares of ATO once a financial institution releases the sub-products or when developers release ATO. They will be thus able to invest in the property. The system will also recommend sub-products to users depending on their personal interest and investment ability.
Basically, the project is based on traditional real estate investment tools such as REITs. The asset holder can audit, risk control, predict the asset package income by the third party. They can also seamlessly trade real estate asset ownership and income rights.
The company held its pre-ICO that sold in 10 minutes, raising a total of 33333 ETH at the price of 10500IHT=1ETH.
INTRO
Intro real estate project is currently holding a pre-ICO (which ends in 2 days 10 hours to pave way for the ICO which takes place from June 1 to end of July) and has already attracted 6800 objects from 1800 developers. The property is available for purchase at 30 percent discount.
The project was initiated by the Gosstroy Group, a major Russian real estate development holding, est. in 2009. Gosstroy is one of the top 150 developers in Russia. Already, the project has 14 completed residential and commercial objects and 13 are under construction with a total area of about 150,000 sq.m.
The platform uses smart contracts to have investors to make a deal with the property developer and buy property. The transactions can take place between developers, investors and home buyers, on the Intro Sale platform. Intro Sale platform is a real estate with property auctions, which was introduced in February 2018. Currently, trading on this platform is carried by 5 construction holdings, 10 real estate agencies, and more than 200 property brokers.
This happens through the INTRO tokens. INTRO Sale is available for iOS and Android.
The INTRO Analytica can quickly process raw data on property rights claims to help with accurate market forecasts. Currently, more than 30 major construction holdings use the Intro Analytica at Russian market.
With it, developers can analyze market trends and competition in all locations, plan sales and new development using demand forecasts, attract investors and trade with real estate brokers. Real estate brokers can quickly find and compare offers in the market, book and buy out discounted properties from developers, re-sale property at open markets with 10-30 percent margin.
Home buyers can use Intro platform to check records for developers and find reliable companies, buy apartments and houses with a 10-30 percent discounts and buy property with installments.
Banks can also use the platform to analyze the demand for mortgage and business loans, find construction projects they can invest in and home loan programs, and check builders' record and find reliable contractors.
Imbrex
Imbrex brings together brokers, agents, landlords and sellers into a real estate portal and data marketplace that employs Ethereum blockchain, smart contracts and cryptoeconomics.
Landlords and agents can list and monetize and even sell their property for rental or sale at a low cost, for global exposure, leveraging platform data. They will earn Imbrex tokens for participating in the network. On the other end, buyers can discover better, up-to-date listings through platform's curated market feeds.
Firms can also exchange transaction data (such as proposals, offers and LOI’s) using the imbrex data escrow commons. Thus, it will be possible for users and firms to actually sell and buy data at the marketplace for economic and other benefits.
The platform employs Interplanetary File System (IPFS) to store data, RexIndexer database that encapsulates and pushes data through a series of distributed systems, and a crypto called imbrex to facilitate economy. Users can run the Imbrex Nodes that communicates with Ethereum blockchain to store data locally, decrease latency, download any participating market in the world, and create a layer of interoperability between firm and partner databases worldwide.
Homelend
Homelend is a mortgage based project that is targeting the $31 trillion (by end of this year) global mortgage market. The U.S. mortgage market is alone valued at $14 trillion, and so there is much potential.
The company wants to use a blockchain solution to eliminate the lengthy and complex paper-based processes that also involve many intermediaries. The solution also hopes to deal with the inefficiencies and overhead costs eminent in the ordinary processes, for both borrowers and lenders. It also hopes to provide more access to mortgages by the new younger generation of borrowers.
Basically, it employs a distributed ledger technology (DLT) and smart contracts to bring lenders and borrowers together on an end-to-end platform. This way, it reduces costs for both borrowers and lenders and uses a HMD token that fuels the peer-to-peer economy. The ERC-20 Ethereum standard token will facilitate the buying and selling of services as well as payment of fees on the platform.
The platform will use crowdfunding as a simplest method for borrowers. Potential lenders will thus be able to find investment opportunities in the form of mortgage “slices” where borrowers loan will be divided into smaller fractions. Smaller lenders can also thus raise a slice each by depositing cash in exchange of a fixed rate based on the terms of the mortgage.
Smart contracts will allow lenders to pre-purchase slices before the loan is approved. This is known as pooling method. Still, investors will be able to bid on different mortgages as investment opportunities. For instance, a lender can search for buyers that offer good credit rating offering a generous interest rate.
It will use 40 percent of funds in platform development, 35 in marketing and community building while 25 percent goes to general administration. 28 percent of token allocation is dedicated to development.
The company is currently holding a pre-sale that kicked off on March 1, 2018. It is still on and offering a 20% discount on sales. The minimum investment of the token is $1,000 USD. They will also hold a public sale in August, 2018.
Monaco Estate
Monaco Estate is currently holding its ICO starts on June 1st 2018 and after a month. The company focuses on high-end apartment rentals in Monaco and uses smart contracts to allow token holders to receive a monthly profit through Ethereum payments. For purposes of sharing profits, 60 percent will be distributed to the token holders and 40 percent reinvested back to real estate.
Investors can choose how much they want to invest and to what properties and therefore define the amount of passive income they would like to receive. Token holders wanting to rent property can also get discounts on rental rates when renting property owned by Monaco Estate. The payment can be done with BTC/ETH/MEST/EUR.
The property are rented to clientele looking for a minimum of 12 months rental contracts -- thus they can generate benefit from Monaco's tax status. Again, they focus on property that has high demand -- studios up to 3 bedroom apartments. And with 0% tax on rental income within Monaco, investors can expect a higher return.
The property investments will be legally-binding contracts providing investors with legally enforceable contracts all with filing of annual accounts and reporting.
Property Coin
Property Coin or PCX is a security token backed by a professionally managed portfolio of fix and flip real estate and loans. It is managed by an already running company Aperture, which is a California-based real estate technology and investment company. Being a securities token, it will follow securities laws.
Basically, token holders contribute funds used to invest in real estate that they rehabilitate and sell, then the investors can earn dividends from the value growth. The tokens can also be traded on exchanges at will. The company will partner with tZERO for trading. The company hopes to start investing in property during the fourth quarter of this year.
U.S. investors can contribute from $1000 while non-US can contribute a minimum of $100. Thus, instead of frontier real estate investments being for the ultra wealthy, smaller investors can also get the opportunity to crowdfund for investment.
The ICO started on May 1 and is set to run until Jul 31, targeting a hard cap of 50,400,000 USD.
Smart Realty
Smart Realty is looking at applying smart contracts on common real estate transactions such as rental agreements, property sales, and more. This is in addition to being a real estate rental and property sales platform that brings together all real estate listing services on the web.
It will allow property owners to list their property for sale or rental and these listings will be distributed to other popular real estate sale and rental sites on the web. It uses RLTY Tokens for the smart contracts and payment of services and property. Although payment can be made using other crypto and fiat, these will be automatically converted to platform tokens for recording and tracking.
Contract creators can use a contract template system to create their own smart contracts that fit their transaction and other needs including local legal statutes in their jurisdiction. Basically, buyers will agree to these terms (such as dates of payments due, amounts due, length of the agreement, penalties for non-compliance, etc.) and then the trade will kick off.
They hope to launch the service first in U.S., then in North America and then expand to the rest of the world.
SmartReality contracts are scheduled for testing and deployment in June while exchange listing is set for May to June while the rental platform will enter beta testing in August. Full sales and rental platform is officially slated for launch in June next year.
The coin is already listed on EtherDelta, ERC20 and BarterDex exchanges.
The pre-ICO ended in February. ICO is ongoing and concludes end of May.
SwissRealCoin
SwissRealCoin will open the doors for Switzerland's first real estate crypto that sets eyes on bringing real estate asset management onto the blockchain, all with the benefits of added transparency, cost cutting and improved efficiency promises.
It works more like a stable coin while providing holders the ability to diversify the crypto portfolio and ease of access to the Swiss real estate market and platform voting rights. The idea is to release more tokens when the token price is high. The proceeds are reinvested in the real estate portfolio. This would push the token price and balance the two.
The idea is simple: investors buy into the project and the company invests in real estate. 80 percent of the net rental income will be reinvested in tangible real estate.
The project also has a Management & Investment Assistant (MIA) on which investors can gain access to the portfolio and real-time information at any desired moment. The system can also generate blockchain-based intellectual property.
The company packs in a team head with lots of experience in real estate management. The CEO, Brigitte Luginbuhl is the Founder of Head Real Estate and has more than 10 years experience in real estate corporate finance. The CTO, Yauhen Yakimovich is also the cofounder of Head Blockchain & Proptech,
The pre-ICO and ICO started onMay 23, 2018 and will run until Jun 30, 2018.
The ViVa Network
Viva works to connect mortgage borrowers with global private investors with peer-to-peer mortgage lending endeavors. This works through a border-less, blockchain-secured platform and Ethereum smart contracts. The contracts are used to underwrite and securitize private home loans into Fractionalized Mortgage Shares (FMS) that can be bought and sold on the Viva FMS Exchange, which is a secondary FMS Exchange application.
In essence, the company wants to make the process of getting a mortgage easier, cheaper, faster and making it more transparent. The platform will basically feature mortgage listings, ERC20 compliant wallet and portfolio building among other things. Connecting lenders with borrowers will establish a free market that can determine its prices unlike in legacy systems where prices tend to be preset. Additionally, eliminating middlemen will yield a process that is more efficient, profitable for all parties and enable the conversion of the assets to their true value.
A home buyer who wants to buy a house can use the platform to crowdfund the mortgage from investors around the world. The user will upload financing requirements and lenders can verify the information and The network will receive money and distribute fiat funds to the home buyer and then he can submit monthly mortgage payments in fiat to the network. The network, in turn, distributes this to investors around the world. A network of lenders will contribute to a loan by having it fractionalized and they can crowdfund it. The borrower will then receive the fiat funds and buy the home of their dreams.
They will have a web platform as well as Android and Apple apps that customers can use for this. It will also pack machine learning and AI capabilities to provide insights and recommendations for users as well as for analytics.
The pre-ICO started on Apr 1 and together with ICO is slated to end on August 14 this year at the cost of 1 ETH = 35,714 VIVA. So far, the company has sold 59,614,696 VIVA tokens.