With over a decade-long history, the blockchain technology has started infiltrating pretty much every industry out there. This was not always the case, and indeed, for the first several years of its existence - not a lot of people paid any attention to it, at least when it comes to its alternative use cases.
For a long time, the only thing that developers were considering was how to create a blockchain that would bring more safety, greater speeds, and lower fees. That all changed when Ethereum shifted the view from crypto to blockchain, by bringing the development of smart contracts and dApps under the spotlight. After that, many others started reconsidering its potential, and finding new use cases in all possible industries.
Today, blockchain is still primarily used in the financial industry. However, it is already receiving use cases in numerous other industries, including gaming, healthcare, supply chains, and even real estate. In fact, there is a real estate-oriented project that is growing and expanding right now, and its name is HiP.
HiP is a project that was created to challenge the restrictive global real estate market. The team behind the project believes that the market is currently in desperate need of a positive change for owner-occupiers, buyers, property investors, and everyone else involved. They plan to bring that change by allowing people various opportunities which would lead to realizing wealth in a completely new way, regardless of their situation.
The project's vision is to create an entire real estate ecosystem, and along the way — connect the financial and non-financial services with investors, owners, and buyers. Apart from them, the project also has potential to link architects, realtors, builders, designers, and everyone else connected to the real estate industry in any way.
It would do this through a decentralized ecosystem, where participants can contribute innovative financing products, market data, investment strategies, and more. In exchange, they would be rewarded with the project's token. Meanwhile, the HiP team continues with their explorations of new solutions and products, while the emerging community contributes its own visions for how the ecosystem, and the entire real estate industry should evolve.
HiP project is not particularly new, and in fact — it already had its ICO. It had a private sale which started on June 1st, 2018, and lasted until July 22nd. After that, it had its preICO time, which started on July 23rd and ended on August 31st. Finally, it held its ICO from September 3rd, 2018, until October 2nd of the same year.
The project's token, HiP, is a utility, developed on Ethereum's platform. Its price during the ICO was $1, and the project announced a hard cap of $89.4 million. The project only accepted two cryptocurrencies in exchange for HiP — Bitcoin and Ethereum.
The project itself was registered in Gibraltar, and it had multiple restricted areas, including the US, China, Cuba, North Korea, Iran, and Syria. Everyone else was welcome to join, provided that they went through a KYC procedure.
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|Start||July 1, 2019|
|End||October 31, 2019|
I am not trying to put blame on HiP or something, but a similar "sophisticated" scheme with real estate was exactly what got us in the global financial recession of 2008. Not exactly the same, but similar. We all remember how the dealings of big bankers and their subprime mortgages got us all totally screwed up. So, I would approach all these suggestions regarding the fractural real estate ownership and lending with great caution. We've got burned once, let's not make the same mistake again.
Terra Crypto October 26, 2019 Reply
Sorry guys, but I reckon that HiP tries to feed us a ridiculous idea, which might work well for some speculators, but not for an honest real estate investor, like myself. Owning fractions of buildings and trading equity and debt - all read machinations in my book. Need I remind you how debt trading by large American banks led to a global financial catastrophe? Of course, HiP won't create a global disaster, but a burning hole in investor's pockets. Besides, they don't even have a working product to show, only some nonsense awards.
Damian August 10, 2019 Reply
The main reason why I fancy HiP as a possible investment opportunity is that they promise to resolve a burning issue that is the entry barrier for the first time home ownership. Those who reside in London know all too well how hard it is to scrape the sufficient amount of money to make a first payment for at least a mediocre apartment. I don’t have any student debts and make decent money, but I still can’t put together a bloody half a million quid to acquire a piece of property. So, the idea offered by HiP might seem confusing to those who have little understanding of property market, but believe me, it is a well-elaborated concept that can be of help for a lot of wannabe property owners.
Jennica July 24, 2019 Reply