Alt.Estate

ALT ESTATE

This is a financial technology company offering a new solution for real estate tokenization enabling the users to trade real estate in fractions with higher liquidity and lowers costs

PROS:

• Faster transactions: The platform transactions is very fast taking less than 10 minutes as it eliminates the existence  of third party intermediaries
• Lower costs: The tokenization of real estate enables it to reduce the  overhead costs for exchanging assets up to 30% of a property price  making it affordable to the users
• Liquidity: The platform enables real estate owners to get access to both fiat and crypto currency  investors without  traditional boundaries  which speed up the property sale process
• Transparency: The users have a transparent access to  the ownership  and transaction data  on the network  as this information is securely stored in the distributed web and hashes are recorded to the blockchain hence building the confidence in buyers and sellers in conducting transactions
• Security and protections: The platform offers due diligence procedures  prior to the property token offering  and distributed storage  of all the collected information hence provides additional protection to the users data
• Lower  entry Ticket: The users are able to exploit the platform  as it enables them to buy 1/1000 fraction  of the property  without any border restrictions  hence  accessible to everyone
• Strong expertise: The platform diverse  team and advisors have many billions transaction experience in real estate   that is necessary in the project implementation

CONS:

• The platform  ALT token doesn’t give the users the rights   and uses of the involved company
• Lack of involvement of the platform token in the pre-ICO stage  can result to inadequate market penetration
• Loss of the users private keys can easily lead to loss of the users  of the users digital wallets

SUGGESTIONS:

• The platform should ensure that the users wallets for acquisition and storage of the tokens is  compatible to enable the easy access to the tokens
• The platform ALT token should be involved in pre-ICO stage to raise funds for the project implementation and gain market penetration

NOTE:

The implementation of Alt Estate enables tokenization of real estate assets hence making them  transparently accessible to everyone at  limited costs  making the project viable and motivating me to invest in it

Summary

By splitting properties into fractions, Alt.Estate hopes to make the real estate market more open. Only time will tell if their plan will work, but if what they have done so far is any indication, then they shouldn’t have too much trouble getting everything to work.

Positives
Revolutionizing Real Estate: By splitting up properties into parcels that can be purchased digitally, the real estate market becomes much easier to get into. Whether you have millions of dollars to invest or only hundreds, Alt.Estate gives everyone an opportunity to get started.
Buy and Sell Internationally: There is no limit to where you invest in your properties so you can easily diversify your assets without needing to worry. On the other hand, if you are dead sure that a certain area overseas is going to boom, you can still invest in real estate over there.
A Well-Trained Team: The Alt.Estate team is composed of members who have been working in this industry for years, so you can rest assured that this ICO is being managed by the right people.
Negatives
A Competitive Field: We don’t see too many problems with this ICO except for a single relatively significant one. Since the field of real estate tokenization is one of the more popular options for many ICOs, you will find that Alt.Estate has some pretty stiff competition to contend with.

Take a look at the website in more detail at Alt.Estate but be careful about investing too much with them because there is no information on who they are. And without knowing who the founder of the platform is, or who is one the team, and where they’re located – trusting them fully seems a bit difficult. Not only that, but we have no idea if any advisors are helping the team avoid hang-ups and make bad decisions.

Basically, until Alt.Estate is honest about who they are, and where they’re from, there is too much risk to sending them money via cryptocurrency. Instead, do some research and contact them to see if you can get some more info on who they are. Once that happens, I think Alt.Estate is a safer platform to invest with than most of them you’ll find on the market.

The Alt Estate Group is developing a platform and protocol for the tokenization of real estate assets. It is envisaged that any real estate asset can be tokenized and fully or partially purchased. This approach is supposed to streamline and lower the cost of real estate transactions; market entry costs will also be reduced.
 

The project documentation is well thought out. It provides detailed information on the financial model and tokenomics. We think that the ALT utility token (sold during the crowdsale) has a particularly well-worked financial model. It will increase the token’s value assuming all the plans specified in the roadmap are implemented.
 

When it comes to project risks, the main one is associated with the legal aspects of real estate ownership. The team is planning to take the existing real estate crowdfunding mechanism as a basis, which involves the sale of shares in an SPV / SPE (the direct sale of SPV / SPE shares, the sale of shares in a parent SPV / SPE company or the conclusion of an agreement with a nominal shareholder) on whose balance sheet the asset is recorded. The Alt Estate Group will sell tokens instead of shares in those jurisdictions where tokens can replace them legally.