Although there are few constants in the world we live in, one thing is for sure; real estate is one of the best known and most lucrative forms of investment. Not only does an investment in real estate generate passive income, any wealth acquired in real estate can be passed on from generation to generation, almost indefinitely.
While there are many advantages to investing in real estate, this form of investment vehicle typically faces high barriers to entry, including the high cost of buying a property and others. charges generally common in the international market. These concerns include lack of integrity and security, time, government restrictions on foreign investors, difficulty in transferring money globally, and minimal transparency when executing the transaction. -same. As a result, many continue to overlook this industry when starting out, despite the upside potential it presents.
Contracoin was created to remove these barriers, offering new investors a simple solution through the use of blockchain and cryptocurrency. Crypto has already successfully demonstrated its ability to democratize the process of buying and selling digital assets. The team behind Contracoin are now looking to apply these same benefits to the real estate market with their own platform. Contracoin features allow users to browse a list of properties from multiple international markets with integration through existing real estate portals. Investors can then create entire wallets using 100% Contracoin tokens.
Their team shares: âContracoin was founded with a vision in mind. “That is to say” to make property easily accessible to the masses and to constitute the most unlimited place to buy real estate “.
Change the game
To ensure the smooth running of the processes, the company draws on nearly 30 years of experience serving investors in Australia (the country in which they are based) and in several international markets. Since its founding in 1992, the company has facilitated over $ 1.6 billion in asset transactions, continuing to earn the respect of real estate owners today. Contracoin now operates with a focus on residential and commercial properties in the emerging real estate sector. These are opportunities that often display high returns and the potential for capital growth.
Taking a closer look at the project itself, the platform centers around the Contracoin token (CTCN), a smart contract based on the ERC-20 standard on the Ethereum (ETH) blockchain. The token will act as a facilitator of streamlined real estate transactions across borders. Traditionally, when an investor purchased property in another country, they typically had to navigate the conversion of dollars to pounds, in addition to the other complex processes previously associated with cross-border shopping. Contracoin tokens have the same value regardless of where they are used, thus eliminating once complex conversion processes.
Blockchain is also used to ensure that real estate transactions are conducted with improved efficiency, speed and transparency. Additionally, the nature of the technology in providing a permanent ledger also helps reduce the potential for human error in the process. By leveraging the Ethereum blockchain and their own Contracoin marketplace, investors can further profit from the use of other digital assets including Bitcoin (BTC), Ether, and several other major altcoins.
Invest without the starting money
To address concerns about the initial investment typically required, Contracoin has also released DepositMate â¢. This program uses Contracoin stablecoin (AUDC) to facilitate real estate purchases without a large cash deposit. Stablecoin can be used for between 5 and 20 percent of the deposit for a qualifying property for those who qualify for the program. However, the buyer will need to be eligible for a home loan from their bank or other lender to fund the remaining balance of the purchase price.
DepositMate â¢ is just one of the team’s plans for the future. The Contracoin team also plans to expand and enter the US market as the concept of real estate tokenization continues to gain momentum.
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