Although there are few constants in the world we live in, one thing is for sure; real estate It is one of the best known and most lucrative forms of investment. Not only does an investment in real estate result in passive income, but any wealth obtained in real estate can be passed down from generation to generation, almost indefinitely.
While there are many benefits to investing in real estate, this form of investment vehicle generally encounters high barriers to entry, including the high cost of purchasing a property and other fees typically common in the international market. Among these concerns are lack of integrity and security, time, government restrictions on foreign investors, difficulty in transferring money globally, and minimal transparency when executing the transaction itself. As a result, many continue to overlook this industry when they are starting out, despite the upside potential it presents.
Contracoin was created to remove these barriers, providing new investors with a simple solution through the use of blockchain and cryptocurrency. Crypto has already successfully demonstrated its ability to democratize the digital asset buying and selling process. The team behind Contracoin now seeks to apply these same benefits to the real estate market with its own platform. Contracoin features allow users to navigate from a list of properties from various international markets with integration through existing real estate portals. Investors can then create entire portfolios using 100% Contracoin tokens.
His team shares: "Contracoin was founded with a vision in mind." That is, "make property ownership readily available to the masses and form the most limitless place to buy real estate."
Changing the game
To ensure that processes run smoothly, the company draws on nearly 30 years of experience serving investors in Australia (the country where they are located) and in various international markets. Since its founding in 1992, the company has facilitated more than $ 1.6 billion in asset transactions, and continues to earn the respect of owners today. Contracoin is now operating with a focus on residential and commercial properties in the emerging real estate industry. These are the opportunities that often show high returns and potential for capital growth.
Taking a closer look at the project itself, the platform focuses on the Contracoin token (CTCN), a smart contract based on the ERC-20 standard on Ethereum (ETH) blockchain. The token will act as a facilitator of streamlined real estate transactions across borders. Traditionally, when an investor purchased property in another country, they typically had to navigate the conversion from dollars to pounds, in addition to other complex processes previously associated with cross-border purchases. Contracoin tokens have the same value regardless of where they are used, eliminating once-complex conversion processes.
The blockchain is also used to ensure that real estate transactions are carried out with greater efficiency, speed and transparency. Additionally, the nature of technology in providing a permanent ledger also helps reduce the potential for human error in the process. By leveraging the Ethereum blockchain and its own Contracoin marketplace, investors can further leverage the use of other digital assets, including Bitcoin (BTC), Ether, and several other major altcoins.
Invest without the cash upfront
To address concerns about the initial investment that is typically required, Contracoin has also launched DepositMate โข. This program uses the stablecoin Contracoin (AUDC) to help facilitate real estate purchases without a large cash deposit. Stable currency can be used between 5 and 20 percent of the deposit for an eligible property for those who qualify for the program. However, the buyer must be eligible for a home loan from their bank or other lender to finance the remaining balance of the purchase price.
DepositMate โข is just one of the plans the team has for the future. The Contracoin team also plans to expand and enter the United States market as the concept of tokenizing real estate continues to gain momentum.
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