AqarChain — World’s First Decentralized Marketplace For Real Estate NFT
Real Estate is now the biggest worldwide asset elegance. But the technology has not much entered into this sector and has yet to disrupt it withinside the identical manner that it has overhauled different sectors which include retail and media. The actual property commercial enterprise as an entire is now ripe for disruption through the creation of the first blockchain era. Combining blockchain era and clever contracts with actual property will create exceptional possibilities and asset classes. Blockchain Technology has been extensively conventional in nearly all of the sectors and now it’s time to revolutionize and renew the actual property enterprise with this era. Blockchain can be used for :
● The digitalization of properties, assets, and securities includes programming that inculcates transaction histories, possession rights, transfers, distribution, and more. As a result, it reduces value and facilitates the company activities.
● There are masses of paper documentation and from time to time fraud, loss, or mismanagement. The splendour of Blockchain is that it takes care of those structures through virtual means. Its immutable ledger tracks adjustments and guarantees excessive-stage security.
● The loans and loan enterprises gain from Blockchain through the rate of transaction time, correct recording, decrease costs, and more. With Blockchain, there may be a clean procedure to affirm the chain of titles, and it additionally removes name coverage related to the conventional loan procedure.
● It’s in no way clean to elevate finance for brand spanking new actual property ventures, and securing loans from banks ought to appeal to nearly 30% at the hobby price. With Blockchain, acc receives simplified through opportunity finance. models, using programmed monetary merchandise packaged for worldwide distribution. As a result of the procedure, traders’ stories and self-belief get boosted.
● The actual property enterprise includes an excessive price for fraudsters. Blockchain reduces the chance related to fee or leasing activities. The era helps accept as true inside the gadget and the combination of Blockchain with fee structures build transparency security.
Aqarchain is one such initiative that could take the actual property enterprise to a brand new stage with its capabilities and reforms.
What is Aqarchain?
AqarChain is Smart Chain Holding Corporation’s flagship product and a completely owned subsidiary of Smart Chain Holding Corporation. AqarChain was created as a proptech firm that provides digital innovation in the real estate sector, as well as a fintech solution that provides individual and professional investors with digital investment solutions.
AqarChain’s first holding company is Smart Chain Holding. Smart Chain was created in 2018 by a group of outstanding industry professionals from the United Arab Emirates and Saudi Arabia to develop real-world use cases in emerging technology fields including blockchain, artificial intelligence, machine learning, and the Internet of Things. Smart Chain has created a variety of mob management tools since its inception.
Smart Chain has developed a range of mobile and web applications, business solutions, projects and services for government and SMEs.
AgarChain digitizes the real estate industry with an end-to-end platform that enables a seamless online experience for users. AqarChain brings an advanced investment platform for real estate investors with decentralized tokenized infrastructure. Aqarchain will be the world’s first decentralized real estate market.
Aqarchain will be the world`s first decentralised marketplace for Real estate NFT with the following features:
A hybrid tokenization platform for real estate assets is done by issuing an NFT for each property and then fractionalizing the NFT.
Each property ownership is authenticated through the NFT created for the property that has the Title deed of the property. The NFT is further fractionalized, The buyers of fractional tokens are fractional owners of the NFT which has the Title Deed of the property as metadata.
Every NFT of the property will hold metadata with the information on the title deed concerning area and property value will derive the Number of Fractional tokens and value of each Fractional Token. This token will allow the owner to claim ownership proofroofhe the property, Vote for the governance of the property, claim returns on the property and any capital appreciation or depreciation on the value of the property as per market trends.
Secondary Sale of Fractional Tokens
Secondary trade of the Fractional tokens currently will be via the aqarchain platform as an OTC. Then, it will work with
exchanges to list these fractional tokens for trading.
Fractional tokens from each property NFT will be available for purchase by accredited investors and investors after successfully passing KYC compliance. Fractional token purchases will be made through crypto-assets such as (BTC, ETH, BNB, XTZ, USDT, USDC and native AQR Tokens). There will be additional discounts offered for purchases with AQR tokens.
The native utility token of the AqarChain platform is QAR. The token master contract will be in ETH with a bridge to POS
(Polygon MATIC). Binance Smart Chain and Tezos.
Defi Staking Token
AQR can be staked on the AqarChain platform to get more AQR rewards. The reward problem is linear block by block. There is also an XTZ bet which allows users to bet XTZ and get AQR rewards.
Fractional token holders can vote on their own decisions by depositing AQR tokens. The vote will cover issues such as short-term or long-term leases, repurchase offers, offers to sell, property valuations and, most importantly, property listings.
Token Name : Aqar Token
Token Symbol : AQR
Token Type : ERC20
Blockchain Explorer: https://etherscan.io/address/0x7467afa 7c48132e8f8c90a919fc2eba041207195# readContract
Max Supply : 100 million (fixed supply)
Smart contract address: 0x7467afa7C48132e8f8C90A919fC2ebA041207195
Initial Circulation Supply : 272,000
Initial Circulation Supply percentage : 0.27%
Initial Circulation Supply Market Cap : $95,200/
Token Public Sale Price: $0.35
Fully Diluted Market Cap : $35 million
TGE(Tok generate event) Token Release Time :18th October 2021
AQR token is minted on the ETH chain and correspondingly has a bridge to multiple chains. AQR token when bridged to another chain will have the same price with supply constant. There will be a mint and burn function where the supply from one chain will be burned and minted in another chain. This will keep a full supply fixed at all times and also maintain the price.
AQR Token Utility
The AQR Token protocol is purely utilitarian. A utility token serves a broader purpose. While utility tokens have value, they cannot be considered money in the traditional sense. Utility tokens can benefit investors in a variety of ways. They allow customers to use a product or service. The AQR token provides access to the following services across the Agar chain platform, as it does in the case of the Agar chain:
1. Platform Payments
• Fundraising commission paid in tokens
• Rental Yield paid in AQR tokens
. Secondary trade fees paid in AQR tokens
• Advertising Fees paid in AQR tokens
2. Staking & Rewards
• Staking rewards paid in AQR tokens
• Rewards for voting results paid in AQR
3. AQR Tokens to be staked for voting
• Other Tokens like XTZ and MATIC staking, rewards paid in AQR tokens
4. . Discounts & Offers
• Discount on purchase of fractional Tokens with AQR tokens
• Higher rewards APY for staking AQR tokens
AQR Token BURN Mechanism
1% of all the tokens added to the Treasury will be burnt.
1% of the fees collected from the withdrawal fees of Staking will be burnt.
1% of the fees will be burnt from the governance voting
1% of the capital gains fees will be burnt
70% of the Total Supply will be burnt over some time
Staking Rewards 15.0%
R&D and Expansion 9.0%
Bounty, Expenses 6.0%
Usage of Funds
● Reserves 5%
● Miscellaneous 3%
● Legal 2%
● Operations: 44%
● Marketing 34%
● Liquidity Paring A. 3.0%
● September 30th to October 01
is the IEO on the Emirex exchange
● October 15th
launch of the platform
● October 18th
is the IDO (IDO Platform will be announced soon)
● October 19
Exchange listing 1(exchange. will be announced soon)
● October 20th
Exchange listing 2 (Emirex. Exchange)
AqarChain is aiming to be the market leader in proptech and fintech real estate by developing digital investment platforms to help people take advantage of these prospects. Users will be able to discover real estate in a new way thanks to these new platforms. Investors will have direct access to new and lucrative asset classes to add to their investment portfolios as a result of a new dimension of real estate investing. The paradigm entails the creation of two platforms that run in parallel on two distinct domains, each with a nearly identical technological architecture but distinct legislative frameworks. The crux remains the same where the asset is real estate and investment is made in fiat and crypto, but the operations and governance mechanisms will alter.
For more information
Bounty Thread: https://bitcointalk.org/index.php?topic=5362995.0
Telegram channel: https://t.me/aqrxtoken
K. Siva Arulmani
Bitcointalk Username: : @siva1978
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=2373654