Bitcoin-Realestate.com

Estate Coin EST is a blockchain-based property fund investment in small and medium real estate in Thailand's high potential zone with profit generated being paid out in dividends to token holders on the platform.

The Thailand government has a policy to support and develop basic infrastructure in the country to be equally international standard, encouraging innovation to expand economy through tourism with the aim to become a sustainable and wealth economic country.

To that end, the government has instituted a project named “Eastern Economic Corridor (EEC)”, with an aim to establish these areas to accommodate foreigners who would like to stay in Thailand in long term. Owners of these real estates are offered a dividend payment as a passive income for lease of property.

Estatecoin.Fund

Investment in Thailand requires knowledge and a high capital which might be in the form as a company or formal permission. Foreigners are also unable to avail the opportunity to earn dividend payments through lease of property in Thailand.

Estatecoin.fund is a group of people from Thailand who have a good knowledge of real estate investment in the Eastern Economic Corridor area. The team will perform a real estate search for suitably designed for the foreigners who are willing to stay in Thailand in long term.

Funds raised from Estate Coin EST ICO, a token on the Ethereum blockchain, will be used to build property on the EEC. Holders of the EST token will be paid out a share of the dividends bases on their holdings. If the project fails to raise funds of least $1 million, all payments will be returned to investors.

Benefits of the Estate Coin EST ICO token

Investors from abroad are able to invest in the lucrative property market of EEC by purchasing a token representative of real asset without limit of capital.

Token holders can sell their tokens at any time in exchanges for other assets or currencies. All assets will have special benefits agreement between the Estatecoin.fund and the owner of the project.

The income which is received from renting assets, after deduction of operating expenses will be paid in the form of dividends to ICO investors as per prescribed framework. The interest can be paid in term of dividend on a monthly basis, in total 12 months. At the end of period, the project will consider paying quarterly dividends to investors.

Estate coin does not accept participants from Thailand and USA. All investors are required to be whitelisted. If the fund raised from ICO is less than $1 million, funds will be returned to investors after the ICO closure (within 2-3 weeks after the announcement of the ICO closing date).

The Team Behind Estate Coin

  • Narudol Pechsook – CEO
  • Chaicharoen Yongmarnwong – CTO
  • Surasak Wijit – Project Coordinator
  • Valen Lokunpai – Platform Developer
  • Vithool Chaithongrat – Back-End Operations

Estate Coin EST ICO ICO Details

  • Platform – Ethereum(ERC20)
  • Crowdsale – November 9, 2017 to December 29, 2017
  • Hard cap – 14,000,000 EST
  • Price per token – 0.0035 ETH
  • Accepted currencies – Ethereum only

Estate Coin EST ICOVerdict

With the Eastern Economic Corridor (EEC), Thailand hopes to develop its eastern provinces into a leading ASEAN economic zone. Valued at $43 billion, it's a project the government hopes to complete by 2021.

There is no question of the project's idea but if they're so unsure of raising capital and promise to pay the funds back on default of project, why should anyone trust that they would do so? An escrow would not go amiss when it comes to convincing investors of the project's legitimacy.

ICO Rating – 2.5/5

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