Smartlands (SLT) Eyes Stellar (XLM) Blockchain to Create a Tokenized Real Estate Market Platform
The real estate sector can be daunting at times, as it could take several months before an asset exchanges hands. But this might be a thing of the past as one of the projects in the market has chosen to use Stellar (XLM) to help in providing the needed liquidity within the industry. Thus, with this in place, it should be a little easier for the investors to gain the required exposure within the UK property market.
More To Expect On The Smartlands SLT
The company is headquartered in the UK but they have developed other offices in Kiev and Vilnius, and it also was the very first ICO that was able to use the Stellar blockchain in 2017. The Stellar Blockchain was designed in a very unique manner as it allows a real estate developer of a property to issue a token for it easily.
From here, as an investor, you will be able to trade quickly and buy the tokens on the company platform and also have the opportunity to sell them in the secondary market. The very first property that was tokenized, was from a student accommodation block that was based in Nottingham. They have made about 30% of the building equity available for purchase in the sale hard capped which will be at about $1.3M.
The Tokens Are Offering Investors The Needed Advantage
With the tokens, an investor is able to hold a fraction of the equity of the building. Thus you should expect to receive some monetary returns from the rent that is gathered from the tenants, and also in the event that the property gets finally sold. When looking at the first building that was tokenized in Nottingham investors should expect returns of more than 16% annualized, this is all according to the company website.
“We were originally going to launch on Ethereum,” Nauseda told Crypto Briefing over the phone. But plans changed after the Stellar team got in contact. “They said we would be a great use-case for the platform…basically that their technology would be good for what we at Smartlands were trying to achieve.”
Investing In The Tokenized Real Estate Has Been Made Simple For All
The company has ensured to make this process very simple for all, to attract more investors within the real estate sector. Once you have passed the KYC checks, you can easily browse all the projects that have been featured on the platform.
The company has ensured they have provided you with the needed information to make a wise investment choice; this is from the details of the listed project, the proposed investor's agreement, and the financial information. Once you select the property that seems promising to you, you immediately participate in the token sale, one that has been designed to bear the similarities as the IEO.
To ensure more investors get on this new mode of investment, you have been given the option to invest with the fiat currency or just with the use of crypto coins.
The Move Will Make The Real Estate Sector To Be More Dynamic
With such a project in place, we should expect to see the real estate sector being a lmore responsive and proactive. It is important to note that the Smartlands company is not the only company that has brought the real estate sector to tokenization, there are several companies that keep popping up as they have seen the potential the industry is able to offer both the developers and the investors.