Place/Date: Singapore - April 26th, 2018 at 7:48 pm UTC · 4 min read
Contact: Winston Yap, Source: DirectHome
DirectHome is a leading service provider in the real estate sector, offering users on its online platform the opportunity to buy, sell and rent properties without the need for a real estate agent, consequently helping to significantly reduce transaction costs.
The platform is the World’s first platform to offer cash back and rewards to contributors via Tokenomics, powered by blockchain. DirectHome has taken a giant step in the sector with the launch of the token generation event for its token – DIREC token.
DirectHomes global business is a decentralized, crowd-sourced and transactional platform designed to provide the complete real estate database globally while facilitating property transactions between all existing stakeholders including homeowners, seekers, agents, and developers in an efficient ecosystem via the ERC20 blockchain with smart contract implementation within the tokenomics infrastructure.
There are two general classes of assets – financial and real. Real Estate Investment Trusts (REITS) and listed property firms traverse both types of assets because while they are financial products, they are premised on physical real estate assets. This is typically the extent of the financialization of real estate.
Among asset classes, real estate has been particularly slow to trends observed elsewhere in fintech. This is usually attributed to the fact that real estate is heavily regulated, ownership registry-based and that it is a lumpy, heterogeneous product.
Unsurprisingly, a plethora of real estate inspired crypto-currencies have emerged, seeking to meet this apparent lacuna. These token events purport to use blockchain technology to accomplish or improve the existing real estate environment.
Examples include using smart contracts for leases to even bypassing national land registry ownership regimes through the blockchain network.
DirectHome has a deep understanding of the nature of real estate (locally and globally) and the ambits of blockchain technology as it applies to the real estate environment. Because DirectHomes business ideas have already been pruned in the actual business environment,
What can be said therefore is that there may be cogent reasons why the real estate universe has been much slower to react to changes stemming from fintech.
DirectHomes platform disrupts the real estate environment (primarily by doing away with the need for realtors if market participants choose this, as well as facilitating direct payments from developers to buyers, is already based on existing business success, and is wholly legally permitted) is prudent and most importantly, practically useful.
Participants wanting to participate in real-estate related token events would thus be happy to learn, in their due diligence, that DirectHome is superior to virtually all other real estate TGE’s.
Accordingly, unlike most token events which are only based on selling untested Ideas and beautiful roadmaps, DirectHome already has its own proven platform that has transacted more than $350 million in property value.
That means, when the current DirectHome website has been integrated with blockchain technology, users will be adopting the native direc tokens developed by DirectHome.
DirectHome is world’s first and only platform to offer cash back for buyers worldwide. This cash back mechanism will be implemented in Singapore first followed by the regional markets and globally.
DirectHome also includes a crowd source contributory platform that rewards its contributors whenever value adding real estate data is uploaded onto the platform. Together with the community and public contributions, this supercharges the building up of the platform globally which is transparent to all stakeholders.
The first of its kind platform will be integrating the decentralized digital currency world that runs on the blockchain technology into the real estate sector with the launch of the ICO, with a soft cap of 3,000,000 USD.
The token sale will commence on 15 May 2018 (12:00 PM Singapore Time GMT +8) and end on 15 July 2018 (11:59 AM Singapore Time GMT +8), giving the public a chance to be a part of a revolution in the sector.
The generated fund will be used for different purposes including IT Developments, marketing and sales, operations and administration, international expansion, development fund, and bug bounty program.