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BitRent (RTNB) Investing in Construction and Real Estate Market

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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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Reasons Why You Are Much Safer When Crypto Trading on Dexes

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While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

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Crypto Billionaire Predicts Massive Price Growth by 2021

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Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

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TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

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Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

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