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BitRent (RTNB) Investing in Construction and Real Estate Market

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BitRent
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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

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Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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Bakkt
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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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