Hello all my friends, Come back with me Devani17, On my blog this time I will give an explanation of the Blockchain project, which is HOMT, For more details, let us refer to my Blog below:
INTRODUCTION:
Greetings to my fellow crypto lovers, hope you are all safe at home regardless of the coronavirus pandemic? "
I came again today with another very profound and extraordinary project coupled with a lot of research being made and I decided to share with you all, I think you will be interested in it after reading to find out about the project. Manish Rach is the CO-FOUNDER of 'Hom.net' this project was submitted with a lot of potential even though there were other members who joined in the engineering project but at this time I would love to stop at this point, then I will provide a connection link at the end of the article this is to help you get in contact with our team members including the founders as well. Now I know many of you will be wondering about this project or maybe asking questions to find out about what, don't panic, I will give you a brief analysis of the extraordinary efforts you have known today
What is Homt?
Is the first platform in the world that seeks to democratize access and ownership of student-specific property. This is an Ethereum based platform for all and also plans to create a committed commercial center where property will be accessible to students around the world with some photos in the most cost-effective way. Property leased to students on the most reasonable terms makes their investigation useful and there is not much expense through long-term rent. we want every student to excel through our platform and we know Students are the future in the future, the HOMT team continues to work hard to improve students' lives by making a peaceful and cost-effective living environment. This system also helps and allows students from every Geographic area to find their home with just a simple click from our platform. This is good right ??
VISION:
We envision to democratize the ownership and access to real-estate property assets of the company by utilizing the power of blockchain, cryptography, smart contracts, and tokenization. We aim to create an ecosystem whereby we make it easy for individuals—whether students, common man or HNIs— to invest in HOM Token to acquire properties for HOMT Ltd. – The company while also taking care of transparency, auditability, Living standards and liquidity.
MISSION:
We aim to create an ecosystem whereby everyone—whether individuals students with lower investment capital, high-net-worth individuals, or venture capital organizations can invest in HOM Token to acquire students rental properties by HOMT Ltd. while also taking care of transparency auditability and liquidity.
How it Works?
Financing Investors participate in the project by buying HOM Tokens, which are block chain token with tokenized securities. There are enough early bird offers and discounts available for early investors.
Investment
If we fall short to accumulate enough subsidizing to begin, we will pay back all funds. The base sum required for the task MVP is USD 1 Million. The organization is completely enrolled and under the Organization for Economic Co-operation and Development (OECD) guideline is liable to review by EU specification bookkeeping criteria to guarantee this assurance.
Procurement
75 % of publicly supported funds will be utilized for property acquisitions, focusing on leveraging financial resources. Investors / Financial specialists will have visual confirmation of benefit of acquisitions through blockchain and utilization of resources. Top developing markets across Europe as per PwC and JLL will be selected for best returns.
Rentals
Unit rentals will begin no later than 7 months from the finish of the Funds Raised. Income will be produced from the first month of the rental
Market
The Company will utilize the Ethereum stage to help dispatch the publicly supported fund raising process and will move in the direction of posting the token on a few significant decentralized trades. The organization intends to build up a P2P commercial center notwithstanding posting on different trades.
Possession of Physical Property
When offering time frame is finished, the property acquisition will happen off the chain. The sum accumulated will be transferred to an account and will be exchanged into EUR, the local currency of the physical asset to complete real estate purchase. A solitary purpose local bank account (reserve fund account) will be created explicitly for the objective property. The sale and purchase contract will be executed with all the vital administrative work according to customary real estate transaction and the pertaining costs will be paid through backup fund account. The reserve fund will also be utilized for draw-down to pay property management expenses, trust charges and some other applicable costs caused by the property, for example, routine maintenance expenses and other minor charges. The measure of the costs will vary depending upon the property area just as charges forced by different trust organizations and property advancement organizations.
Our Features:
Liquidity and Accessibility;
HOMT enables a seamless exchange of the underlying real-estate assets and transfer of value. It provides users with the opportunity to liquidate, access quickly, and exchange through HOM Token, which is exchangeable in a crypto trading exchange and can also be used for peer to peer exchange of value.
Asset Creation;
Unlike traditional tokens and cryptocurrencies, which act either as a payment method or utility tokens only, HOM Token becomes instrumental in property acquisitions for and of the company.
Utility Services;
All token holders are eligible to receive by way of points allocation host of other utility services which they can avail from our various third-party merchant points on holding their tokens. All the transactions from the underlying business activities are monitored & audited by third party evaluators & auditors, ensuring that complete transparency is maintained at all levels.
Inclusive of all;
Unlike the traditional venture capital industry, where the entry for a person with low investment is almost impossible, or the traditional real-estate market, HOMT through tokenization of commodities and its business models offers lower investment minimums.
Trusted and Regulated;
HOMT is regulated by regional and global financial authorities, and its parent company HOMT Ltd., is a leading property acquisition, development, and distribution company with a focus on international asset management.
Data Transparency;
All transaction activities happening within the HOMT Ecosystem are deployed on a transparent blockchain network, ensuring transparency, auditability, and trust.
METHODOLOGY:
This is to develop seriously limited properties in significant European, North American & American urban communities with rising understudy lodging markets - completely renovate the advantages into present day and create an exceptionally productive income stream by devoting rentals principally to worldwide college understudies looking for premium student accommodation.
BENEFIT:
One platform to help students find their home in few clicks
Contribute towards cost efficient living for students
Numerous additional utility services work on the point-based system for loyal token holders
Transparency in every transaction
World’s first ERC20 Token in the real-estate industry.
Token Holder Protection:
The token holds the privilege to a portion of the company's benefit because the token holder doesn't hold any equity in the organization, the token holders does have any rights to dividends, no ownership entitlements, the token holder has no risk in the property. This likewise implies the token holder isn't liable for any financing costs, proficient administration costs or some other property related obligations or expenses. Along these lines, the danger of owning the token is restricted to the sum paid for the token.
FUND Raising Structure:
HOMT LTD. is raising funds for the foundation of our single model MVP, leading acquisitions, innovation improvement and extension funding. HOMT LTD is an open enrolled body with lawful duties and is subject to inspections. This will ensure the clarity of tasks and the protected care of the funds. HOM TOKEN HOM Token will be an Ethereum venture and the token will be ERC20 compatible, implying that it fulfills the guidelines to be exchanged on Ethereum blockchain. We have picked Ethereum as our essential stage since it joins huge prominence with great usefulness. We need our token to work on a simple platform that is effortless to understand and operate. Ethereum is inviting towards individuals who are new to the cryptographic money network.
FinTech and PropTech in one important Token:
Based on genuine property.
Unique, steady and inventive blockchain product.
Complete transparency at each stage.
Opportunity for many utility service in advancement organization.
Take favorable position of every future advancement with a single investment.
ROADMAP:
February Brainstorming and Idea Generation
2019
June Initial Research
2019
November Initial Capital Raise
2019
March HOM Token Website
2020
May Fund Raising Process
2020
June Development of Student’s Rental Portal
2020
July Development of Mobile App of Students Rental Portal
2020
December Identification & Acquisition of Property
2020
March Business Plan Execution
2021
June Yield Generation
TEAM:
Conclussion:
By creating a unique marketplace, giving the opportunity to present property owners to list their property for student rental, students token holders getting the requisite place with few clicks at discounted & affordable rates. It’s a really useful project to improve students’ stay by making the living condition peaceful and cost proficient.
For more information, please visit the link below:
Website: https://homt.net/
Whitepaper: https://homt.net/Whitepaper.pdf
Facebook: https://www.facebook.com/homtoken/
Twitter: https://twitter.com/homtoken
Telegram: https://t.me/homtokenofficial
Medium: https://medium.com/@homtoken
Instagram: https://www.instagram.com/homtoken/
AUTHOR:
Username: Devani17
Profile Bitcointalk: https://bitcointalk.org/index.php?action=profile;u=2433969
Email: devani1928@gmail.com
Telegram: https://t.me/Devani17
ETH Address: 0xfC9eC58F3F077874ABdAf6F971f63E84d6F134c4
