As per recent statistical studies released by the World Health Organization, it has been revealed that nearly “1 in 4 humans currently live in informal settlements”. Not only that, the report also goes on to state that one in every eight people live in slums or shanty based settlements (wherein they are exposed to a wide array diseases, viruses that are a direct result of the poor living conditions).
What Is Ehab?
Simply put, Ehab is an all new “blockchain based system” which aims to decentralize the creation and financing of urban environments. Through the use of the blockchain network, this platform aims to collect user specific data, and then automatically match it with housing projects that are best suited for a particular person. As a result of this, groups of individuals are given the power to co-design their future housing projects and reach a consensus (that suits the needs of all involved parties). In addition to this, Ehab also helps facilitates the building process, thereby allowing for time and extra costs to be saved on.
Ehab Affordable Blockchain Housing Tokens Key Aspects
This project makes use of a decentralized funding environment that allows for money to be raised from all across the world.
Through the use of a highly intuitive user database system, Ehab is able to “collect detailed housing demand information” from individuals who are desperately in need of shelter. Ehab is open for anyone to use (irrespective of their age, gender, race etc)
The information that is supplied to the system is automatically matched and correlated with relevant projects in the areas that a person might want to live in.
Though the use of a blockchain based consensus system, users of this platform are able to take decisions related to the design of their homes, as well as other key aspects related to their housing needs.
Other Ehab Details To Consider
Since this platform is based entirely within the blockchain, it allows for transactions to go though in a completely transparent manner. To be more specific, we can see that Ehab makes use of an “auditable governance framework” that not only increases trust between participants, but also allows for better collaboration between developers and designers.
As mentioned earlier, thought the use of smart contracts the Ehab housing system aims to enforce fair voting so as to ensure that everyone's voice is heard.
All of the transactions that take place within the network are automated, thereby eliminating any chances of fraud, scams. Not only that, through the use of smart contracts, daily wages can be doled out in a streamlined manner (thereby eliminating problems related to project delays).
Through the use of a tokenized environment, all investments within the system are able to create liquidity for investors (via a secondary market).
Ehab EHB & EHP ICO Details
All of the internal transactions will be governed via the use of native coins called EHB. The sale of tokens will be done via the use of an ICO. The crowdsale is set to commence on the 09th of February, and finish on the 30th of April, 2018.
As per the official company whitepaper, over 50% of all created tokens will be made available to investors via the the ICO (as well as private sale). All unsold tokens will be retained by the company and frozen.
Payments can be made via the use of ETH, and the value of a native EHB has been set at 1ETH = 20,000 EHB. Similarly, the lowest contribution amount that is required has been set at 0.05 ETH.
For any other details regarding the EHB setup, users have been asked to get in touch with company officials via email, or by phone.