ATLANT is a unique blockchain technology based, real estate platform created with the intention of addressing the perennial problems that the industry is facing globally. The aim is to create a tamper-proof, secure system for the users to do property dealings on a peer to peer basis without using intermediaries. ATLANT plans to split the individual plots of land into tokens, generate a Property Token Offering (PTO) and list them in the exchanges including the regionalized AdEX exchange based on Ethereum smart contracts.
The open source ATLANT framework is designed to offer solutions to the two main issues of P2P rentals and tokenized Ownership. The ATL tokens can be traded across several exchanges like YoBit, HitBTC, QUOINE, Changelly, IDEX, Coinomi, and many similar.
The Two Main Features Of ATLANT Include:
Tokenized Ownership: It simplifies all real estate related operational issues including investment in property, ownership transfers, attorney services to do verifications about legal issues, ownership rights, creating an SPV (special purpose vehicle), create PTO and list in different exchanges till the maximum value of $25 million is traded. The seller is paid the amount or an equal worth of cryptocurrency is transferred to their account.
Peer to Peer Rentals: This enables reduced transaction fees for both the lessor and the tenant. The idea is to eliminate fake ratings and false reviews about the property that is existing in the present-day system. This will disturb the current centralized system and create a channel that will be open and decentralized system while bringing down the high costs that users pay for hotels and other private property dealers.
Members of the ATLANT network are issued ATL tokens. They must complete the KYC (know your customer) formalities to get access to all the ATL privileges. The property owners can list their property and create smart contracts. In the P2P rentals, the lessor pays the transaction fee.
All the fees collected are distributed among the token holders that have the ATLANT node on their systems. Consensus on the price is reached by voting.
ATLANT had restructured the hard cap before the ICO which has created more value for the investors. It also announced a progressive bonus structure for those that participated in ICO. These moves confirm the commitments ATLANT has for its investors. The project is a good initiative and reduces a lot of hassles including money for the members at a low price.
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