Etherty launches blockchain-based, real estate trading platform
A new investment portal, Etherty, has launched offering a real estate linked-crypto currency that enables investors to seize property investment opportunities all over the world, primarily in key markets such as Dubai, Mexico, and Australia.
Ethertys business concept capitalises on the increasing local and international investment movement in the real estate market.
Murtaza Khan, CEO, Etherty, said: Given the size of this market, and the fact it is very fragmented and has not advanced sufficiently in the tech age, we believe it offers many opportunities. We are out to disrupt this trillion-dollar industry by breaking the barrier of entry for investment for as low as $1,000. The company is the only
blockchain-based, real estate-focused trading platform where investors can network, co-invest and realise their cross-border investments.”
The Ethery Trading Portal (ETP) at www.etherty.com is envisioned to be a one-stop solution for all global or local property transactions from a laptop or smartphone and enable anyone to network with fellow real estate investors. By offering a portfolio of properties backed by standardised indicators to our users to crowd-sale,
buy and trade just as in the stock market, and coupling it with all the necessary services to facilitate their investment, Etherty intends to break all barriers for seamless international property trading.
Imagine being able to gain access to a countrys property boom from anywhere in the world, without the need to get involved in local bureaucracy and processes, using straightforward and transparent transactions secured by blockchain and smart contracts, added Khan.
Along with the portals launch, Etherty will also introduce the crypto currency token (ETY), which enables seamless transactions of a wide range of property assets whilst also acting as a medium of exchange and a store of value.
Beyond the platform, Etherty, coupled with a scalable business model, will allow transparent, secure, and easy transactions with the ability to quickly deploy in any market. Ultimately, this will provide ETP users access to new markets with ease and peace of mind and allow seamless capitalisation of growth trends in different markets.
Etherty is planning an ICO March 15, 2018, with a total supply of 240,000,000 ETY tokens. All the tokens will be distributed following the completion of the ICO. New tokens cannot be created, and existing tokens cannot be destroyed.
Recently, Etherty has signed an agreement deal with Durise, as its strategic partner in Dubai, to act as a trust or custodian for real estate assets sold through the ETP. This will allow Durise to grow the portfolio of assets under their management while allowing Etherty to market the Dubai real estate to a global audience.
Durise and Etherty will collaborate on real estate crowdfunding projects to ease the transaction related pain points and ease of ownership-transfers of units and assets by utilising the payment, smart contracts and ledger capabilities of the Etherty platform, said Waleed Esbaitah, founder, Durise.
