Konkrete

Konkrete

Created using Figma
Created using Figma
Konkrete will be a small real estate market that corresponds to Blockchain. Anyone can withdraw funds from home deposits or existing real estate without incurring additional obligations due to cloud funding or bank loans. We are using the new financial structure to address the structural problems faced by existing fractional property platforms. By placing small lot real estate funds in the block chain, we can realize wider circulation, liquidity, governance and transparency by utilizing a decentralized distributed approach. This retroreflection token on the block chain can also serve as a global currency on future days for its various uses.
Crowd sale
Oct 1, 2018
Nov 30, 2018
29% completed
Raised funds - no Data
ongoing
Token Details
Ticker
KKT
Additional Details
Categories
Platform

About Konkrete

Konkrete will be a Blockchain-enabled fractional property marketplace. It will enable anyone to crowdfund their home deposit or release equity from their existing property, without taking on additional debt via crowdfunding or bank loans.

Using a novel financial structure, we address the structural issues faced by existing fractional property platforms. Putting the fractional property fund on the Blockchain allows us to achieve a wider distribution, liquidity, governance and transparency by utilising a distributed, decentralised approach. This fractionalproperty token on the Blockchain may also serve as a global currency at a future date, due to its various uses.

This fractional-property solution will be classed as a security, and we will build the Blockchain infrastructure to support it. This includes the ability to handle KYC, AML, CTF, a distributed-unit registry and distributed-shareholder voting.

Once built, this infrastructure will have the capacity to support a number of other securities from various third-party issuers, as well those who are interested in leveraging the power of Blockchain. In effect, the underlying infrastructure will be everything that tokenising securities on the Blockchain requires. As part of this paper, we also describe this infrastructure and propose a utility token called Konkrete, which will power this new ecosystem.

Features

Rising house prices are preventing home buyers from entering the market. On the other hand, existing owners find it difficult to access the equity in their properties. Lastly, getting into the property investment game is cost-prohibitive for most budding investors. Konkrete solves the affordability challenge by connecting buyers, owners and investors in a unique structure powered by Blockchain.

Konkrete helps property developers raise capital faster through a global network of property investors and aspiring homeowners. This reduces heavy reliance on banks and closed networks of investors. Liquidity for investors from day 1 encourages repeat investments in subsequent projects within a shorter interval too.

Unlisted Retail REITs lack investor visibility and face higher investor acquisition costs. Lack of liquidity also results in investors not finding them as attractive as other offers. These conditions often make it more difficult and more expensive to subscribe the fund. Konkrete makes these funds visible to its global network while maintaining the security of investment offers through the use of smart contracts.

 

Technical Info

The Konkrete Token (KKT) – an ERC-20-based token – will power the Konkrete platform and form the lifeblood of its ecosystem. Within our ecosystem, KKT will provide utility in the form of listing and transaction fees, recording of unit holder votes, AML/CTF checks and more. 

Activity

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Team

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Advisors

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