IHT Coin – Real Estate Blockchain Token By i-House & McAfee ICO?
Blockchain technology has made it possible for organizations and platforms to tokenize a broad spectrum of different goods, services, and investment opportunities, thereby making a wide range methods of income generation available to individuals across the world.
It’s not possible to use blockchain technology and cryptocurrency to invest in gold mines or milk farms in Russia, Burmese banana farms, diamonds, ecommerce platforms, lending platforms, and more. One area in which blockchain technology has not yet infiltrated and subverted, however, is the real estate market.
A new blockchain based platform, however, is aiming to make micro-investment into the real estate industry simple, easy, and profitable. The IHT Real Estate Protocol is a smart contract based blockchain network what aims to connect the blockchain to the real estate industry in order to allow real estate developers, financial institutions, and their users to converge.
The IHT Real Estate Protocol platform is, interestingly, supported by John McAfee, who is working with the IHT advisory board. In order to fund the development of the IHT platform, the creators will be launching an initial coin offering.
In this article, we’ll take a look at the IHT Real Estate Protocol and find out how it works. We’ll also assess the IHT ICO and find out what it offers to help you determine whether it’s the right investment opportunity for you.
What is the IHT Real Estate Protocol?
The IHT Real Estate Protocol aims to create a “digital credit society” and ultimately integrate the global real estate market. The IHT Real Estate Protocol will use smart contract technology to split real estate under the i-house.com platform.
Using this method, large real estate projects can be split between multiple different financial institutions using the trustless, anti-tampering, co-supervision, and traceability of smart contracts. Ultimately, this process will allow users to invest small amounts of capital into real estate, delivering lower risk and higher returns.
The IHT Real Estate Protocol is set to launch as “Protocol-as-a-Service” platform, and will function as a neutral platform upon which both asset owners and investors can browse for deals. The second element of the IHT Real Estate Protocol, an asset segmentation and management platform, will consist of a blockchain network and will ultimately evolve into a fully-fledged financial exchange that will improve the liquidity of assets.
The IHT Coin ICO
The IHT Coin will operate on the IHT token. During the IHT Coin, the total amount of IHT will be limited to 100,000,000 tokens. 35% of these tokens will be available it the public crowd sale, during which the price of each IHT token will be set at $1 USD.
40% of the tokens will be reserved by the IHT Real Estate Protocol foundation, with another 20% held for the sustained development of the IHT foundation. 20% of the tokens generated will be reserved for ecological deployment, 15% for foundation employees, and 10% for early investors.
The IHT Coin Verdict
The IHT Real Estate Protocol platform is an interesting approach to real estate micro-investing, but the vast amount of pre-mined tokens reserved for both the IHT team and the IHT foundation is definitely cause for alarm. If you’re interested in the future of real estate on the blockchain, however, the IHT Real Estate Protocol could be worth investing in.