maniecool: REGO: REAL ESTATE TO GO

REGO stands for "Real Estate To Go" which alludes to the ease of conducting real estate transactions with blockchain technology based property trading platform and applications. Such technologies will make the buying, selling, management and development of real estate properties more efficient, secure and with lower costs. Team's vision is to To build the most disruptive blockchain technology-based property trading platform and associated applications to revolutionize the real estate industry.

Rego is a real estate platform been developed for the global; digital market and would be powered by the blockchain technology of the next generation. It envisions providing access to real estate properties across the globe and providing opportunities for real estate that are below par market prices or have low replacement value, to be available for offshore investors. It would reflect the founder’s belief that the properties of a wide variety and across different locations should be made available in order to provide optimal investment opportunities. That advantage would be provided by an established, well spread network that the founder has and it would focus on sourcing properties that are below par market prices and can be listed and resold to investors in real estate across the world.

Features of the platform

Rego as a real estate investment platform would offer the following features:

It would disrupt the industry and bring changes in the way real estate is purchased, since it would work with smart contracts and transactions would be done by crypto currencies.

Property listings would be verified and checked to ensure that all records is genuine, validated and all transactions that take place would be transparent on this platform.

The platform can be used to list any property of value which can be from anywhere in the world, but there would be a screening method for such property to be listed on the site.

It would be available as a web portal as well as on mobile devices as mobile applications.

Those who wish to transact in such properties can get in touch with registered agents in countries like Australia, Malaysia, United States and others.

It would have an intuitive and user-friendly layout that promises ease of use, whether for searching out the listings or looking at property details, making a booking and so forth.

Advantages over other traditional methods

Traditional methods of transferring capital incur relatively high transactional costs regardless of transaction size due to banks and financial intermediaries having to address clearing costs. Through the use of blockchain, these costs can be significantly reduced, as there is no middleman to impose fees. With a reward mechanism built into the protocol, transfers require only small transaction fees. Everything that takes place on the ledger is visible to anyone. It is possible to see everything that has been recorded on the blockchain.

The ledger is policed by every member of the network. Integrity is checked and agreed upon by the network as a collective on an ongoing basis.

As the Blockchain is maintained by a large network of participants, no one actor can easily gain enough influence to submit a fraudulent transaction or successfully alter recorded data.

SOLUTION

Being REGO an innovative and global platform in the field of real estate trading and with the use of blockchain technology, it is designed to interrupt the traditional real estate market in a truly positive and beneficial way for all users of this platform. It has an application available on Android, iOS and the web. Blockchain technology is used to support the P2P network and verify transactions from the first block to the last block. The 3D virtual tours are provided to consumers before they buy the property. Safety, transparency and immutability are the main features of the platform.

All innovative and unique proprietary development tools and management tools are easily provided to users on the REGO platform. Keeping as a benefit the establishment of reduced transaction fees compared to other platforms in the real estate sector.

Global properties are available on the platform, which was not previously available in the digital environment. It allows the participation of different real estate agents from different parts of the world. By providing access to the ecosystem to people around the world, they will expand the horizon to Malaysia and Europe.

How does it work?

A user when logs into the platform and affirms a property they want to purchase will pay a deposit using the REGO platform. The buyer gives a fourteen-day notice within which the user has to pay the amount. If paid the transaction is completed and recorded in the blockchain if not the property will be forfeited and returned as unsold units to the platform. All the properties acquired and the legal papers associated with them are secured in the REGO property wallet.

Benefits

Due to the presence of intermediaries such as banks and financial institutions the cost of transferring capital is usually high. Through the use of blockchain and reward mechanism, the transfers only require a small fee.

The transactions will be immutably recorded on the blockchain with pinpoint details visible to everyone being shared on blocks. Thus, helping to invalidate all fraudulent transactions.

The records being in the public eyes for always can never be changed or mutated.

BMV properties, single and multi-unit residential investment, and moving on to commercial property listings in the US and then to other global markets; it aims to bring the world under one umbrella.

It will also provide a host of property management tools such as rent collection to repair, maintenance and other payment transactions.

It aims to reduce a significant amount of costs and time involved in the transfer of title and all other real estate contracts through smart contract inclusion.

It will provide further property management applications to lessen the nuisance of after purchase formalities.

REGO Token and ICO Details

Token symbol: REGO

Token type: ERC-20

Total supply: 55,000,000,000

Current supply: 39,600,000

Hard Cap: 20,000 ETH

Selling Price: 1 ETH = 1,600 REGO

Exchange rate: 1 REGO = 0.000625 ETH = $ 0.53 USD

Token owners will be responsible for the effective use of the funds as a result of any sales stage. In the future, these tokens can be redeemed for cash. The platform and its functions will serve as a launch pad that provides technological superiority and the use of currencies, but the future value of the tokens will be determined by the overall investment in the project.

As stated above, it will be an ERC20 based utility token for transacting business, fulfilling contracts and granting rewards on the platform. It will be the preferred payment method for acquisition on the platform as it eliminates the time-consuming banking process and unnecessary fees. It will be listed on all the major stock exchanges.

The expenses such as brokerage, legal fees, builders, renovator, maintenance, service fee, consulting and managing agent can also be paid through REGO tokens. A total of 55,000,000 REGO will be there, out of which, 72% (39,600,000 REGO) of the tokens will be for sale in the ICO.