AQwire – ICO Detailed Information

Globalization has taken the world by storm, and it continues to move at an unprecedented pace. Investors from all over the world are now capable of easily reaching all kinds of investment vehicles, which is especially true when it comes to real estate. In fact, this industry has grown to become one of the most robust options.

The residential sector has been especially revolutionized, as it allows investors to earn massive yields in the form of income-generating, and capital appreciation. However, they still have an issue with it, as it is all too easy to make a bad decision when it comes to international real estate.

The problem lies in the lack of reliable channels through which investors could seek out validated projects, developers, and even transactions. Meanwhile, developers themselves require a better way of reaching credible investors. This is something that projects such as AQwire aim to change.

About AQwire

AQwire is a project by Qwikwire, and it represents a global property marketplace powered by blockchain technology and smart contracts. Simply put, the project uses blockchain technology for processing international real estate transactions. The platform itself was designed to remove some rather large roadblocks that investors often encounter during international real estate purchases.

Some of these barriers include the presence of numerous third parties that act as intermediaries. There is also a need to discuss their projects with multiple brokers, as well as numerous associated costs that happen to emerge along the way. These, and similar barriers often make the process much more costly, much lengthier, and generally speaking — a lot more complex than it needs to be. Luckily, AQwire can remove them.

Through the use of blockchain, AQwire accelerates the entire process, and brings down the cost of doing it significantly. Not only that, but the platform also allows both developers, and brokers to list all their units on many different listing sites without having to update the sale status on each website separately.

With AQwire, the relevant parties are better connected, and it is easy for them to find one another. Meanwhile, the cost is reduced, the process becomes faster and easier, and transparency follows every step of the way.

AQwire ICO details

Naturally, to keep its platform going, AQwire required its own token, so it created QEY. QEY is a utility token that was created on Ethereum's platform. It already held its ICO, as well as its preICO, back in the first half of 2018. While this was only the starting period for the crypto winter that followed, it was still not the best time to hold an ICO, but AQwire did it anyway.

Its preICO took place from February 26th, 2018, to March 26th. After that, the ICO itself took place from March 26th to April 26th. The token's price was $0.15 per 1 QEY, with the minimum investment of 1 ETH. ETH was the only token that the project accepted, and it required users to go through KYC and Whitelist procedures in order to be granted the ability to participate.

The project was registered in the Philippines, and it had four restricted areas — China, the US, South Korea, and Singapore. Everyone else was welcome to join.

Author: Ali Raza for Crypto-Rating.com