If you are reading this newspaper,it is likely that you have certain knowledge about blockchain and tokens. If not, please get to know them because I am going to introduce you a very great blockchain-based project using security tokens.
Firstly, let me brief what tokens are and how many types of tokens we have in this cryptocurrency era.
What are tokens?
In the digital world, minting currencies is an activity that doesn’t seem to be restricted to central banks anymore. This is a revolutionary concept indeed. A token is something that fulfil either one or some of the functions such as: payment currency between parties, a digital asset, a means for accounting, a share in a company, payment for using any service or purchaing products, and a reward for contributions.
Types of tokens
There are 3 types of token: Utility Tokens, Equity Tokens and Securities Tokens.
- Utility tokens, also called user tokens or app coins, represent future access to a company’s product or service
- Equity tokens are a subcategory of security tokens that represent ownership of an asset, such as debt or company stock.
- A security token is one that has been backed by external, tradable assets. One of the main applications of security tokens is that they grant companies with the ability to issue tokens that represent shares of company stock. A security token guarantees many benefits:
+ Issuing security tokens is both cheaper and more efficient than conducting an ICO using utility tokens.
+ Security tokens can reduce legal risk and provide protection for both the company and the contributors.
+ Organizations who fail to comply with these initiatives will risk suffering significant interruptions as a result of unregistered securities offerings.
Now you have known what tokens are and how security tokens bring us many benefits. Next, I am going to introduce and review about a very promising project named Equitybase. It is believed to become the pioneer of security tokens in the world which contributes to reform real estate industry.
What is EquityBase?
Real estate is a billion-USD market and is continuing to grow. Equitybase is a blockchain-based ecosystem that reforms the global real estate investment industry by increasing market liquidity with transparent pricing and lowering barriers to entry. Equitybase also helps giving better access to global investment and fractional trading in real estate industry.
Equitybase allows developers and fund managers to offer asset-backed investment opportunities directly to investors worldwide. Via that, the Equitybase platform can help narrow down the gap between traditional securities and blockchain based asset ownership.
Equitybase will give everyone the ability around the world the ability to invest into commercial real estate worldwide.
Equitybase is run based on a hybrid platfrom which enables users to invest into the economic rights of a property backed by physical real estate assets and trade or liquidate user’s holding.
You can easily understand its concept by havina a look at this introduction video: Equitybase overview
Which problems do Equitybase solve?
In a player in the real estate market, you probably encounter some certain problems including but not limited to
- Low ROI index: Stock market has the average of 7% return per year over the past 10 years.
- Barrier of Entry: Upfront cost are a lot!
- Long lock-in Period: Equity investments normally has long lock-in period ranging from 3-10 years
- Various cost of credit: Interest rate would be different in different areas and issuers equity would be substantial
- Time-costing procedure funding access: Traditional financing channel would take 3-6 months to be completed
With those problems, Equity will be a game changer in this real estate market by offering solutions to those issues:
- Actual Return: With the application of security tokens and asset-backed blockchain, Equitybase guarantees that the investors will have actual return
- 0% fee for everyone: You can now trade and make investments with their BASE tokens without having to pay any fee or commission. Investors can invest as much amount of money as they can without any limitation too!
- Fexible liquidity: Equitybase offers the flexibility for investors to liquidate their asset holdings on any investment.
- Rating System: Investors can track their performances and the record of issuers.
Why Equitybase?
With Equitybase, everyone now can make their own investments in digital assets in regardless of the fact that they have 1 dollar or millions of dollars.
- ZERO fees and commissions: What makes a lot of people interested in Equity is that it takes 0% fee for everyone. They quoted their mission in the website: “We're on a mission to give everyone access to tokenize digital asset investment and trading opportunities. Invest in digital asset from as little as $1. We make investing in blockchain simple and easy for everyone.”
- Good points from the assessors: The projet has received a lot of good points from many ICO benchmarks/review pages such as: 5.5/5.50 from TrackICO, 4.3/5.0 from ICObench anđ.1/10 from ICOmarks.
- Real value tokens: The security tokens offered by Equitybase are legal and asset-backed which guarantees the real value for its owners.
- An available product demo: In addition, Equitybase has already had a demo of their product which ensures their ability to implement the product. You can try their demo at: https://invest.equitybase.co/. What is more interesting than investing in a real product rather than just ideas on the paper?
The team
Equitybase consists a combination of a great team of experts and professionals and advisors, led by Morgan M. Chan as the CEO and the co-founder. Backed by the experts with a strong track record and reputation in real estate development and tech industry, Equitybase has rised USD 300,000 in the seeding round.
The team members and advisors include:
Morgan M. Chan - Founder/CEO (https://www.linkedin.com/in/morg...)
Connie Yiu - Co-Founder/CMO (https://www.linkedin.com/in/conn...)
Christian Rokitta - Fintech Advisor
Trustin Cheung - Community Manager
Fares A. Cordovez - Smart Contract Developer
Lois Li - General Counsel
Eduard Gubarik - Commercial Financing Advisor
Vincent Petrescu - Crowdfunding Advisor
Booyon Choi - Legal Advisor
Token sale
BASE is the only official token of the project and will be the currency for all transactions made within the community. The maximum total number of released token is 360,000,000 BASEs and no more tokens will be issued, the unused BASEs will be burnt.
50% of the entire token will be offered to the public during the token sale (180,000,000 BASEs). Remaining reserve token will be held for 1 year and peridically release to stimulated the platform’s growth if needed
Public ICO of BASE Token will begin on 02/28/2018 and end on 04/30/2018 with initial discount of 30%, discount rate will be lower in increments of 5% weekly over the duration of the ICO sale. The price of the BASE token will be: 1 ETH = 3,000 BASE. Minimum contributions during the public ICO will be at 0.001 ETH.
Conclusion
To sum it up, аs а pаrt of our review, we see strong potentiаl in this ICO. The concept of the project is very useful and potentiаlly very profitаble.
The site's design looks good and all of the information are provided transparently and with many details. Going by their strong team and extensive roadmap on the website, Equitybase definitely does not seem like a short term project, it is worth investing both from short аnd long-term perspectives
The sooner you will support the project by buying its tokens, the better price you mаy expect аlong with bonuses. So far, the platform looks promising with all the required areas covered. However, we advise you to invest carefully as there is no 100% guarantee on success. Also, the security market may sound a bit risky for some new investors.
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Interested readers can take a closer look at the following links:
Website: Equitybase: Digital asset securities token platform on the blockchain
Whitepaper: https://equitybase.co/equitybase...
Whitepaper: https://equitybase.co/equitybase...
Author by: Hellokitty6
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