Bitcoin Chaser - November 13, 2018
At some point everyone, when having an opportunity to invest, considers putting money into real estate. Problem is, it’s a very hard industry to get into. New players have a hard time entering the field, and small companies struggle to grow beyond regional limitations and barriers set by domination of monopolies. It’s almost impossible to get a wide variety of properties on your portfolio in such conditions.
When you add the time wasted on long transactions and the cost of the army of intermediaries, global real estate suddenly doesn’t look that appealing, even though it’s considered to be one of the safest and most promising areas of investment.
You’ve probably already guessed the answer SWINCA proposes for all those issues. Blockchain has proven to be extremely helpful in dealing with traditional problems in a variety of industries, and now SWINCA is preparing to adjust crypto to real estate. Tokenizing real estate assets on the blockchain should allow to achieve even the most ambitious goal SWINCA has which is equalizing all players, big and small, so that large corporations don’t have unfair advantage over others. Blockchain is the key to bringing down geographical and economic barriers, its implementation would allow for acquiring property around the globe and collecting its revenue in an instant.
Transaction costs alone would drop significantly, and there would be no need to pay for intermediaries, bureaucrats and administrators. SWINCA’s team would take it upon themselves to scout the markets, find the most promising properties of any kind – offices, houses, apartments, land – at any stage of development for investment, as well as handle legal and management issues.
SWINCA is a platform for crypto real estate industry with Switzerland-based team. SWINCA would operate through two types of tokens.
The SWI coin is internal and external to the platform, you could trade it on the exchanges. It represents SWINCA’s growth in general, as well as the way it’s performing. It’s also the coin used for ICO (pre-ICO would be held the November 26th, and ICO would begin on February 1th, 2019, and then followed by the launch of SWINCA Real Estate on April 5th, 2019) with the hard cap of $75 million.
The NCA token is exclusive for internal use on the SWINCA platform. It represents specific shares of properties and would allow holders to obtain their capital gain depending on the percentage of shares that are allocated.
The SWINCA ICO would be held before the project is completed, thus the raised funds would support the team by covering their expenses until the platform is launched. The coin sale distribution would work in the following way:
All the unsold coins would go to SWINCA reserve (where they have a vesting period of 10 years) to then be used for investors directly on the platform.
If you’re interested in equal opportunity for all the players on crypto real estate market, feel free to go to our website www.swinca.io to learn more about the project and join our group on Telegram to ask any questions you might have and get updated on the project regularly and fast!