Wealth Migrate is a real estate project that aims to democratize access to quality real estate assets to the underserved and unbanked populations at subsidized prices.
Since time immemorial, humans have always considered fixed assets (land and real estate) as the first choice method of preserving wealth. In fact, nearly half of entire global wealth in real estate, with a total worth of $217 trillion. Regardless of their location, people understand the intrinsic value of real estate assets.
Currently, only a few people have access to real estate. Wealth Migrate intends to bridge this gap by lowering entry barriers, extra charges and other inhibitors that are impeding investment in real estate.
Wealth Migrate Investment Process
- Wealth Migrate identifies a trustworthy real estate partner with over a decade of experience in the sector and is also willing to contribute to this project.
- The chosen partner undergoes further vetting to assess their credibility.
- The partner brings their real estate investment for scrutiny.
- If the asset is deemed satisfactory, it is published on the Wealth Migrate platform.
- Investors can access the listed real estate investment opportunity.
- After an investor purchase the opportunity, they are eligible to receive profits as per the stipulated criteria.
Problems In The Existing System
To purchase an offshore real estate property, investors often have to enlist the services of middlemen. Unfortunately, a significant number of these intermediaries are fraudsters, a trend that caused traders to distrust the existing system.
High Fees And Entry Barriers
During the acquisition process, investors have to pay taxes and auditing bills, resulting in substantially higher net expense. Also, opening accounts in foreign countries is extremely difficult, blocking out a significant number of potential investors.
Investor’s money is channeled to structures which are no related to the real estate industry. The stats issued by these organizations are often inaccurate.
Wealth Migrate And Blockchain Technology
The primary reason behind the adoption of blockchain technology by Wealth Migrate is the technology’s ability to facilitate universal accessibility. Moreover, tokenization enables investors to invest in real estate with as little as $1.
Additionally, blockchain technology also eliminates the need for intermediaries by enabling peer-to-peer connections. Therefore, it restores trust as well as reduces the transaction costs when purchasing real estate investment opportunities.
The WealthE Coin
The WealthE coin is a utility token is Wealth Migrates native currency. Also, its owners have voting rights during Wealth Migrate community meetings. The number of coins an investor holds determines their membership level which ranges from Green to Titanium. The higher the membership level, the more the privileges a member enjoys.
WealthE Coin Token Sale
Wealth Migrate will mint a total of 600,000,000 WealthE (WRE) tokens during the upcoming ICO.
Parameters Of The ICO
- Symbol: WRE
- Total supply: 600,000,000
- ICO supply: 300,000,000
- Exchange Rae: 1 WRE= $0.10
- Hard cap: $30 million
- Early bird phase: closed 15th December, 2017
- Presale: closed on April 4th, 2018/ when $10 million is raised
- Main event: closes on 21st May, 2018/ when $30 million is raised.