The real estate industry is one of the major industries in the world and which mainly contributes to the economic growth of many countries. People nowadays are choosing a wise choice to invest in real estate properties as it will provide a passive income, but investing in the properties has some major difficulties such as tedious procedures and time consuming due to the traditional real estate rules and regulations. Also, real estate properties does not provide the option of easy liquidity of properties hence making it very hard to convert the properties into cash along with high taxes which has to be paid. But now proptech industry makes its way into real estate industry to solve the existing problems and to make the real estate transactions and operations easier. In order to create a revolution in the real estate industry, a unique and innovative project has been created called C Estates which makes real estate easy and accessible for everyone.
What is C Estates?
C Estates is a new age online real estate platform where people can sell, buy and earn through tokenized real estate properties. This platform is a digital marketplace for real estate properties, real estate management companies, real estate property investors, brokers, buyers and sellers. The selling and buying of properties are done through its tokens XCET and the users can also earn money by renting out their properties. CEstates is mainly based on NEM blockchain technology which maintains digital records in ledgers for all the transactions and changes. Anyone with an internet connection can easily buy, sell or earn through tokenized real estate properties in this platform.
Phases and features
This project has two phases which are Phase one CCT and phase two TCT.
Phase one : CCT (Condominium Certificate of Title) — The properties under this CCT can be owned by the foreign investors. Hence through this project, global real estate investors are welcomed to invest in real estate properties in the Philippines.
Phase two : TCT (Transfer Certificate of Title) — The properties under this TCT can be owned by Philippine people and the team has plans to help the local buyers with mortgage and financial loan services and also has further plans to expand its services across other Southeast Asian countries.
CEstates has 3 key features for regulatory compliances which are,
● Identifiable deposit and withdraw address
● Multi signature accounts
● Recovery mechanism for lost account
C Estates generates its revenues from listing fees, transaction fees, property management fees, margin selling fee, marketing and advertising fees.
The CEstates project has two unique tokens which are,
XCET — its own utility token.
DPA(Digital Property Asset) — a real estate backed token.
Hard cap — 38,000,000 USD
Total token supply- 8,999,999,999 XCET
Initial supply of tokens — 35% of total token supply
IEO token price — 0.012 USD
Seed sale token price — 1XCET = 0.006 USD
Seed sale allocation — 2% of total token supply
Token type — NEM Mosaic
In the first year, CEstates will accept fiat currencies from the users post which only XCET tokens are accepted to perform the transactions and operations in the Cestates platform.
The total XCET tokens — 8,999,999,999.
Below are the allocation details for the total XCET tokens.
50% is for public sale
20% is for development
17% is for team members
10% is for private sale
3% is for marketing.
The funds which are raised through public sale(50% of the total tokens) will be exclusively used for the development and expansion of this project.
Below are the allocation details for various development activities..
40% is for product development
25% is for marketing and operations
25% is for corporate affairs
10% is kept as a contingency fund.
This C Estates project which is already creating a revolution in the real estate industry makes the process of dealing with real estate properties more easy and accessible for everyone with its tokenized real estate properties. This project aims to start its operations with the real estate properties in the Philippines since there is a huge potential for real estate properties in South East Asian Countries and the global real estate investors are already investing in these regions. Unlike the traditional real estate procedures which is time consuming and tedious, C Estates has simple and easy procedures to deal with the properties by making life easy and comfortable for the property buyers, sellers, brokers, etc. Hence considering all these features of this unique and disruptive project, it’s a smart choice to invest in C Estates. For more and latest information about C Estates, please visit https://cestates.io/
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