Last Updated on August 26, 2018 by CryptoCreed
Dominium- ICO DETAILS AND PROJECT REVIEW
Real estate has always been known as the safest of investments. Dominium is a decentralized, property management platform. It is a global platform which administrative documentation for property funding is institutionalized & assets are placed on the blockchain alongside property sales, rentals, & management.
The Dominium platform is built on an Ardor child chain. This child chain decentralizes the trade of assets & places rental agreements, buy agreement, property administration tasks, and more on the blockchain. In the wake of getting the required administrative licenses, this will enable organizations to make administrative consistent resources, with institutionalized documentation, which can be bought by the Dominium account holders.
Real estate is traditionally one of the most secure & simplest approaches to invest money in the modern world. In any case, real estate investment accompanies its own particular arrangement of downsides that limit ease of use. The primary downside to real estate investment is their illiquidity; money in real estate is only tied up in long-term investment & it is hard to enter or leave those direct speculations. Moreover, the barrier to entry for these investments is high, requiring either high-net-worth individuals or noteworthy coordination from many people.
This introduces a challenge for a potential solution for address. In fact, there are a few solutions for the illiquidity & high barrier for an entry regarding real estate investment, yet they don’t address the greater part of the issues similarly or adequately.
Dominium offers two primary platforms as services. The first platform is for investing in real estate. Investors can participate in the market with as little as one share or token, opening up real estate to anyone through the decentralized Asset Exchange.
The second platform offered by Dominium is a use of blockchain technology for overseeing individual properties. Property managers, tenants, agents, & real estate professionals can record data on the blockchain. Subsequently, this completely decentralized data is genuinely straightforward, impervious, & unchangeable by parties interested in recording information to their benefit.
The Initial Token Offering
Dominium does not & won’t make value tokens that represent ownership of an asset. Or maybe, the Company has chosen to rather offer a utility token. This token is known as the DOM token. DOM tokens will be utilized to pay for all activities on the Dominium platform, including:
- Voting for charities
- Listing a property for sale
- Listing a property for rent
- Creation of Assets
- Trading of Assets
- Creation of support tickets
- Registering a rental agreement
- Registering a purchase agreement
While fees charged on Dominium will be charged in Euro, they must be paid in DOM tokens, in this way guaranteeing their constant use.
- The SOFT CAP for the ITO will be €2,500,000
- The HARD CAP for the ITO will be €92,500,000
- The TOTAL SUPPLY for the ITO will be 1,000,000,000 (one billion) DOM tokens
Token Burn Program
A bit of the income generated by the property portfolios possessed by Dominium B.V. will be utilized to purchase back DOM tokens, along these lines making an enduring interest for the DOM token, which thus accomplishes a settling impact on the value of the token.
All DOM tokens collected on DOMINIUM and obtained by means of the purchase back program will be collected in a multi-signatory account of which the organization administrator, Confidon, will be a signatory. These tokens will, in this manner, be removed out of circulation upon deposit in the account & will be signed (destroyed) each year or as required. Token singed will be evaluated & publicly announced. This makes the DOM token one of the few tokens with a relentless demand & decreasing supply, guaranteeing the value of the tokens pushing ahead.
DOM Token specification and ICO details:
Token type: ERC20
ICO start date: 09/03/2018
ICO end date: 12/31/2018
Hard cap: 9,250,000,0 EUR
A rate of a token (ICO): 0.25 EUR
Min purchase: 100 DOM
Accepting: BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS, Fiat
Bonus up to 25%