For several years after it was invented, blockchain technology managed to remain hidden beneath the much more popular crypto trend. That all changed with the launch of Ethereum, which came as a development platform, rather than a cryptocurrency. Suddenly, the attention of developers shifted towards blockchain, and countless new possibilities and use cases emerged.
Some of the use cases were practical, such as the development of tokens, smart contracts, decentralized applications, and alike. Others were more theoretical, mostly due to the fact that they concerned blockchain's impact on other industries and the fact that the technology was neither accepted nor mature enough to actually impact those industries.
Some of these industries are now accepting blockchain, with more or less enthusiasm. One of them is the real estate industry, which faces numerous issues when it comes to taking the next step and going global. However, thanks to blockchain's transparency, immutability, and decentralized nature — these issues can now be resolved and put behind us.
There are multiple projects that are working on different ways of bringing blockchain into the real estate industry, with different ideas and approaches, although none of them has yet gone mainstream. One such project is Realista, which is what interests us today.
Realista is a global real estate platform based on blockchain technology. Its goal is to allow everyone — including buyers, renters, landlords, as well as more than 40,000 agents — to connect with one another directly, no matter where they are in the world. This would allow them to easily access new properties, whether they wish to sell it, buy it, rent it to or from someone, and more.
This is a network built for everyone, and it is already available on Android and iOS alike. There are currently more than 16,000 agents registered in Australia and New Zealand. Next, the project plans to expand and include the US, as well as the UK, Singapore, and more.
Realista plans to become the first real-estate-oriented platform where the entire world could be able to join and find new investment opportunities. Their goal is to have over 150,000 properties listed per month by the end of this year.
The project was inspired by the current lack of a real estate platform that would provide access to the property on a global scale. There are numerous markets around the world, where websites charge major fees for people who wish to offer their property online. Realista aims to change that, and use blockchain technology in order to do it. However, it will also require its own coin, which is why it plans to hold its own ICO.
There is not a lot that we know about Realista's ICO as of yet. It is known that its token will be known as RET and that it is developed on NEO's blockchain, just like the platform itself.
It is also known that the project is based in Australia and that its ICO will last 14 days, at the most. The project will have a total supply of 1 billion RET tokens, which is higher than most of the ICOs. Each RET will have a price of $0.03, and the goal is to raise between 15,000 and 150,000 NEO. Interestingly enough, the team has decided to only accept ETH.
It is also known that there are three restricted areas, including China, Singapore, and the US. Others will be allowed to participate, provided that they go through Whitelist and KYC procedures.
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|Start||February 8, 2018|
|End||December 31, 2018|
Realista is a very ambitious project that aims to resolve one of the biggest problems in the real estate industry on a global level. Since this is a multi-trillion dollar issue, resolving it successfully would not only put Realista and its RET on the map but would instantly make them one of the most noteworthy projects and assets in the crypto industry itself.
Sara August 12, 2019 Reply
However, it remains unlikely that the team will be able to pull it off, as they simply do not need the network and partners that would allow them to succeed where others had failed in this highly-competitive market. The possibility exists, of course, but it is a very slim one.
Nick April 10, 2019 Reply