Housinet - ICO Review

Housinet is a blockchain startup domiciled in Estonia, although the entire team is made of American specialists in the field of real estate management. They intend to acquire the additional funds for the development of a blockchain-based software for the corresponding industry.

The blockchain solution for the housing sector

Housinet is an abbreviation for House in Network, and it represents a blockchain-based solution for the rental market, which has been booming over the last decade. What this project has to offer is an innovative property management software that is supposed to improve the adaptation of this particular sector to the strides of technological progress related to the use of blockchain technology.

What Housinet will attempt to do, should they acquire enough funding by successfully carrying out the ICO, is to supplement the property management industry with the blockchain solution that promises to blend together the power of decentralized ledger, Ethereum smart contracts, and the elements of robotics to form a unified ecosystem that will be made available to all business entities that operate in this field. Naturally, this ecosystem is going to be fueled by the ERC-20 utility token named HIN that will serve as a vehicle of payment and exchange.

Housinet: Blockchain Solution for Real Estate

From a technical standpoint, the Housinet system will be comprised of a unique rental and property history module, as well as ten other core modules for the improvement of property management. Through the use of these modules, Housinet will make detailed history reports, automate the process of property management, and streamline the rental operations. The access to all listed services will be granted to the holders of HIN tokens, along with substantial discounts and bonuses. 

The Housinet team

  • Giselle Borrego. Founder and CEO. Borrego has extensive experience in real estate and financial services. She was also the founder of Minos Property Management.  
  • Issam Charfi. Co-founder and CTO. A certified information security engineer who has a broad knowledge of blockchain and robotics.    

ICO details

The pre-sale of HIN tokens will begin on December 2 and last for ten days. The fully-fledged ICO will start a month later, on January 13, 2020, with the closing date set on March 22. The pre-ICO price of 1 HIN is just $0.05. There is also a small investment barrier that stands at $200. Therefore, even the most minor investor would have a chance to participate, especially given that Housinet didn’t impose any restrictions with regard to the place of residence.

Those who want to obtain some extra HIN tokens have been given a chance to do so through participation in the bounty and referral programs, though no free tokens will be distributed by means of an airdrop.

With more than 10 billion tokens being allocated for sale, Housinet will try to reach the minimum funding goal of $1 million. The hardcap, on the other hand, is $20 million, which might seem disproportionately high, though, given the long-term ICO, it could be feasible, if the project manages to play its marketing cards right. 

Lastly, HIN tokens can be purchased with BTC, ETH, LTC, BCH, and USDC. No whitelisting or KYC required.     

Author: Alex Paulson for Crypto-Rating.com

Pre-Ico Start dateDecember 2, 2019
Pre-Ico End dateNovember 12, 2019
IndustryReal Estate
  • Giselle Borrego. Co-Founder & CEO
  • Issam Charfi. Co-Founder & CTO
  • Hicham Janati Idrissi. Application Development Director
  • Jenny Borrego. Client Service & Operations Director
  • Sarai Gil. Business Development & Sales Director
  • Ashok Choudhary. Software Architect
  • Syed Haider. Lead Software Engineer
  • Dinesh Vindhani. Senior Corporate Project Manager
  • Shardul Singh. Software Architect
  • Nazrana Ferose. Graphic Designer
  • Dilip Kumar. Senior UI/UX Developer
  • Rob McMahon. Senior Cyber Security Engineer
  • Rubab Arshad. Advisor
  • Hamza Khan. Advisor
  • Q3 2018. Concept Design.
  • Q4 2018. Technical Requirements.
  • Q1 2019. Whitepaper Completion.
  • Q3 2019. Smart Contract Deployment.
  • Q4 2019. Pre-ICO.
  • Q1 2020. Continuous Team Recruitment.
  • Q2 2020. Platform Development.
  • Q1 2022. Testnet.
  • Q1 2022. Deploy Marketing Campaign.
  • Q2 2022. Mainnet.

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StartJanuary 13, 2020
EndJuly 23, 2020
Soft cap$1 000 000
Hard cap$20 000 000
Minimum investment1ETH
Tokens for sale10000000000
AcceptingETH, BTC, LTC, BCH

The property rental and real estate businesses will surely benefit from the adoption of blockchain and cryptocurrencies, but they will have to wait in line until this technology get fully digested by the banking and financial sectors, which are the bedrock for the future incorporation of this revolutionary solution. Housinet has plenty of great stuff to offer, but it's just too early, but on the other hand, a project like that can't stall for years.

Philosopher   September 14, 2020  

The real estate industry clearly needs to incorporate blockchain in order to maintain development in the right direction. Housinet might be a project that will take this industry to the next level. I like how detailed are their whitepaper and business model, and the team seems to be well-staffed.

Cornelius   September 3, 2020  

I have been running a real estate agency for about ten years now, and I can say with full confidence that the industry is yet to recognize the beauty of blockchain and the advantages that it is capable of bringing to that space. I am not going to recommend to invest in Housinet because I am starting a blockchain platform of my own. But I am also not going to shill for my thing here as it would be unethical. In any case, pay close attention to the blockchain/real estate projects because they will take this business to another level.

Tom&Jina   February 1, 2020  

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