Place/Date: - August 2nd, 2017 at 10:55 am UTC · 3 min read
Contact: Alex Taylor, Source: ATLANT
ATLANT announced its next-generation global real estate platform based on blockchain technology. The core features of the ATLANT platform provide revolutionary capabilities in terms of security, efficiency and profitability in the global real estate market. ATLANT’s Initial Coin Offering (ICO) will take place in September, with platform launch planned for March 2018.
ATLANT’s blockchain platform provides a secure, tamper-proof system enabling platform users to trade parcels of property without traditionally prohibitive costs and inefficiencies. Its Peer-to-Peer (P2P) transaction features will allow users to bypass intermediaries in rental deals, which will enhance ease-of-use and security for guests and hosts alike, improving user experience, reducing costs, and driving accelerated adoption.
“We foresee unprecedented opportunities for disruption in the global real estate and lodging markets”, said Julian Svirsky, CEO of ATLANT, “the ATLANT platform will allow investors, lodging guests and property owners to benefit in many ways, providing cost-savings and convenience, compared to the currently inefficient and expensive options”. Julian is a Wall Street veteran with 14 years of experience in hedge funds and global investment banks.
Real Estate is the largest asset class in the world, and is one of the least efficient. ATLANT’s aim is to empower the $217+ trillion global real estate market (with 2017 estimated volume of $1.4 trillion) to have more secure, transparent and liquid ways to invest and trade. This will not only create more profit through expediting transactions at lower total cost, but will also expand the size of the market by allowing smaller-scale participants.
The ATLANT platform will enable subdision of individual parcels of real estate by tokenization, and ATLANT will subsequently list them on exchanges via PTO (Property Token Offering), starting with the decentralized ADEX exchange, based on Ethereum smart contracts.
The ATLANT platform will ease transfer of ownership, simplify fractional holding without minimal constraints, alleviate tax inefficiencies, make cross-border transactions simpler, and eliminate the substantial overhead faced in certain jurisdictions due to bureaucracy and unnecessary intermediaries.
ATLANT operates as a decentralized system, governed by the DAO (Decentralized Autonomous Organization) built on Ethereum. The platform is powered by its core token, abbreviated as “ATL”.
Core tokens (units of ATL) are essentially membership units in ATLANT, which give specific, proportionate rights and privileges to their owners, tied to the unique features and benefits of the ATLANT platform.
ATLANT’s longer-term objectives, once government real estate property and land registers are fully blockchain-compliant, include partnering with various governmental jurisdictions in order to make, buy, and sell transactions of smaller, tokenized real estate asset units feasible all over the world. ATLANT will do this by integrating the ATLANT platform with blockchain-based governmental registries without having to first place real estate into incorporated SPVs (Special Purpose Vehicles). This will result in significantly expanding the size of the already-vast global real estate market.
Indicating the extent of interest in relevant blockchain-based solutions of this type are the number of existing pilot projects in Sweden, the Republic of Georgia, Ghana, Ukraine, parts of Japan and the United States (Chicago, Delaware), with multiple other jurisdictions examining the potential for adopting Blockchain-enabled title registries.
Starting in December 2016, ATLANT began working with leading experts in finance, real estate, emerging markets and scientific fields to develop the ATLANT platform. Please see the current ATLANT roadmap for further detail on the ICO and platform launch.
Disclaimer: ATLANT is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.