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BitRent (RTNB) Investing in Construction and Real Estate Market

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BitRent

BitRent (RNTB) is one of the many cryptocurrencies to be launched at the end of the first quarter of 2018. The official website of BitRent claims to be the first blockchain platform that is amalgamating the real estate industry with blockchain technology. The principal objective of the BitRent blockchain is to create opportunities for people to invest in the residential and commercial properties at any stage of construction. There are no geographical limitations to this investment. The aim is to speed up the whole process and add layers of security to it.

Problems faced by Present Real Estate Market and Solutions Provided by BitRent

BitRent addresses the problem a developer faces at the initial stage of construction when they need seed capital. BitRent will allow the developer to publish an object on their platform and will focus on drawing funds for the project. The token holder of BitRent will be able to choose an object that satisfies their interests or criteria. The Smart Contracts Pool of BitRent depends on the interaction between the RNTB token holders and the developers. The token holder can invest in a particular real estate project by transferring fiat money or cryptocurrency to the project’s wallet. All the processing are done in real time.

  • Geographical Limitations: As BitRent says in its whitepaper, nearly 87% of the real estate buyers prefer to buy properties located in their region as can supervise the construction process better this way. Another reason is that they are familiar with the local real estate market. BitRent enables the investors to overcome the geographical boundaries by studying a project in details on the platform of the crypto coin and invest in the project that suits them most. The members (token holders) can buy any real estate property remotely. Another benefit is that the transactions are instantly processed. At the same time, due to smart contract register, all the purchase details and property ownership details are recorded securely. The long complicated process of visiting respective authorities for registration will thus be eliminated.
  • High Entry Barrier: Traditionally it takes a lot usually to invest in real estate projects, but through BitRent the investor can choose to buy in portions if the medium of payment is cryptocurrency. The BitRent platform allows everyone (be it the developer or the potential buyer) to participate in the real estate construction. It benefits on both sides as there is no chance of rising in objects price. This is possible due to smart procurement policy, proper blockchain management, and many other factors.
  • Transparency Issues: A major problem in the traditional process of procurement of real estate property (commercial and residential) is non-transparency and the financial losses incurred due to it. In case of “freeze” of a construction process, the investor stands to lose a substantial amount due to the translucency of the construction process. It may also result in loss of assets. Moreover, if a project is considered to be ‘frozen’ for a long time then the date of completion becomes vaguer. Transparency issues also develop from this. BitRent offers a solution to these transparency issues by collaborating Primavera and BIM with blockchain technology and smart contracts.
  • Lack of “Green” Technologies: Many developers nowadays do not go for genuine eco-construction due to lack of funds and project completion deadline. BitRent advocates only those building objects that use BREEAM and LEED certificates and monitoring tags. The blockchain technology will allow them to participate in a development project. The BitRent blockchain combines RFID, smart contract, BREEAM and LEED technologies. However, an eco-friendly project done according to the “green” standards means that the price will rise by 25% to 30% during its sale.

BitRent is the first project involving blockchain technology that incorporates a proprietary rights register on a global scale. Going by the price analysis, BitRent has shown an overall uptrend since its introduction to the market as a cryptocurrency on 26th March 2018. At the time of writing the price shows $0.06 USD (5.73%) approximately and the volume (24h) is near about $566,386 USD. (As of 13th April 2018) According to coinmarketcap.com, the crypto coin stands at 1321st position presently. By October 2018, it is expected that the BitRent platform will be launched in 25 countries. The recent success of BitRent at the China Blockchain Alliance Club (held on 10th April) is also noteworthy.

From the official website of BitRent, “It is worth mentioning that the hosts of the conference carried out a lottery for guests: the luckiest ones — 31 persons in total — got prizes. 15 guests got 200 RNTB, another 15–500 RNTB and the winner — 5000 RNTB!” BitRent’s focus on making the construction process more transparent by allowing the holders to check all technological, legal and financial documentation is worth investing in the crypto coin at the moment. Also, the reason that it is Q2 and to see how the coin fares in the rest of the year. One important thing is that BitRent had shown an overall uptrend in the bearish market of 2018 Q1.

We will be updating our subscribers as soon as we know more. For the latest on RTNB, sign up for our free newsletter!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Gerry H via Flickr

Altcoins

META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

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Boca Raton, Florida, 27th October, 2020, // ChainWire //

Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights 

META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. 

According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto projects globally by overzealous government agencies must be documented and publicized to protect the individual liberties of META 1 Coin holders, as well as issuers and holders of other cryptocurrencies.” He added, “The decentralized, non-jurisdictional reality of crypto has left government agencies often unable to fully litigate cases and the general public should not have to continue suffering due to excessive overreach as agencies clamor to save face.”

META 1 Coin Trust is led by Robert P. Dunlap and Nicole Bowdler, who are both committed to pushing back against unimpeded global persecution of cryptocurrencies. By calling attention to years of organized efforts by government agencies to specifically target cryptocurrency projects, their hope is that the public will see and demand an end to these unjust violations of individual liberty. 

Specific grievances which motivated this initiative include grave concerns over government agencies’ obstruction of individuals’ livelihoods, defamation of character, and libelous false accusations which could tarnish the names of individuals for years to come, long after legal actions…

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Chainwire Launches Blockchain-Focused Automated Press Release Distribution Service

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TEL AVIV, Israel, 13th October, 2020, // ChainWire //

MarketAcross, a world leader in blockchain public relations and marketing services, is pleased to announce the launch of Chainwire, an automated press release distribution service which provides guaranteed coverage and in-depth reports. Chainwire will be a one-stop-shop for the distribution of press releases in the cryptocurrency and blockchain sector. The launch marks the first time that advertisers can reach leading publications in the crypto media with the click of a button. 

While most industries have some kind of PR newswire service, the cryptocurrency sector has become a victim of its own rapid pace of growth over recent years. Since the ICO boom of 2017, there has been a proliferation of blockchain and crypto-focused projects, exchanges, investment firms, and marketing agencies, along with niche news and informational content sites. 

However, the infrastructure to connect this complex ecosystem has been slow to come up to speed, meaning that existing newswire services don’t reach their target audience. It’s estimated that one in five people own cryptocurrencies, so there is currently a significant missed opportunity to reach a massive global readership. 

As a newswire service dedicated to the crypto and blockchain space, Chainwire aims to address this gap. Press releases are distributed to leading publications, offering guaranteed coverage to reach audiences worldwide. The system is integrated with publishers and blogs, enabling accurate reporting via a user-friendly dashboard. It also…

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Blogs

How Can Foreigners Get Loans in Singapore

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loans for foreigners in Singapore

Foreigners who are residing in Singapore and looking for financing could do so in the form of a payday loan. It is good to find out that you can borrow the money from a reputable lender and that the interest rates are low enough for it to be a viable option. Online lenders that specialize in doing business in the country can certainly help one. These online companies are not only reliable, but their service is fast.

At the same time, many cannot afford a high standard of living. Many individuals cannot afford essentials, such as a car or a house. It can be difficult for the majority of the working class to scrape through on their basic salary. 

What defines a foreigner in Singapore? 

A foreigner in Singapore means that you are not a permanent or natural citizen there. As a foreigner, you will not be holding a Singaporean passport. The rules can differ a little for foreigners and residents. Singapore, being a multinational hub, houses many foreigners within the city. Foreigners come to Singapore for the many attractions it offers. Many people come to Singapore for Work-related purposes. A lot many also come for vacations or to visit a friend or a relative. Some foreigners come with a plan to move to Singapore permanently, attracted by their lavish lifestyle. Singapore also houses many International students attending many esteemed Singaporean Universities.  

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Press Release