Feb 27, 2018
CPROP is designed to address the most common and major challenges intrinsic to all real estate markets in the world, specifically, inefficiency and lack of security. Our mission is to drive standardization, automation and validation in transactional real estate to enhance operational efficiencies, reduce costs, improve accuracy and reduce risks for all stakeholders. CPROP will become an integrated platform that enables property investors to research, transact with cryptocurrency, and reliably secure and record ownership of their domestic and international property investments remotely.
OPPORTUNITIES UNLOCKED BY CPROP
Due to inherent inefficiencies in today’s transactional real estate, transaction costs can reach 10% or more of the total transaction value and the time required to complete the process can be very long, even excluding the time required to agree on a transfer price. And due to the large sums of money involved, the potential financial downside associated with a flawed process, including post-closing property registration and mortgage documentation, is huge.
These pain points are especially evident in cross border transactions which can suffer from a lack of standardization, lack of transparency, mounds of paperwork, risk of fraud, errors in public records, and a host of logistical challenges associated with getting buyers and sellers together.
Pre-ICO and ICO (through Mar 2018)
Detailed design (9 months)
“Soft opening” (3 months)
Commercial launch (12 months post-ICO)
> Month 18
Conversion of legacy records systems (post-ICO; opportunistic)
Attention. There is a risk that unverified members are not actually members of the team
$16 000 000
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