We will provide an article to present the "C Estates" Project to potential platform participants and those who are interested in contributing to its development. The information listed below may not be complete and does not imply any contractual relationship. The main goal is to provide information to everyone, so they can determine whether they are willing to analyze the company with the intention of getting tokens or investing.
Introduction
Started in late 2017, we had a discussion of combining the previous businesses together which are; online gaming and real estate. The concept is just like online casinos wherein the money doesn't leave the "house". It sparked the question, "what if we treat real estate like online gaming wherein properties doesn't leave the platform and can still be transacted anytime and anywhere?" For over 11 years of doing traditional real estate business, we've been a witness of how tedious real estate processes are in the Philippines.
From the manual documentation procedures up to the issues with remittances, we've experienced it all. That's why we decided to shift the business from traditional real estate into a property technology platform because we believe that everything is going digital -- and real estate is not an exception. For over a year, we've gathered up reputable team members that helped us develop the product in order for us to achieve our goal -- which is to make real estate easy and accessible for everyone providing fast, low-cost and secure way of doing real estate transactions.
Starting this journey is very difficult because we are challenging one of the most traditional industry. There's a lot of resistance from real estate stakeholders and from regulators, but difficult doesn't mean impossible. Now, we are about to launch our product, we've got traction from the industry stakeholders and gearing towards becoming the first ever Digital Asset Exchange in the Philippines.
C Estates’ backbone is Capitarise Corporation, a property management consulting company in real estate that established their expertise in pioneering cross-border transactions. They have a wide Japanese clientele and pride themselves to being fast, efficient and professional in bridging foreign businessmen to invest in the Philippines. To date, Capitarise has sold more than 2,500 properties to its exclusive foreign clientele in partnership with Megaworld Corp. and supported by the Philippine Retirement Authority.
For more than 10 years, they have supervised and facilitated numerous local and foreign clients in acquiring real properties and condominium units in the Philippines. Capitarise Corporation developed C Estates, Combining real estate, concept of stock market and technology, to streamline the efficiency of doing real estate transactions real-time.
What is C Estates?
C Estates is the Philippines’ first smart digital investment platform for real estate. Similar to the digital trading of stocks and financial instruments, users may buy and sell verified property completely online, closing deals instantly with lower cost compared to the traditional process. With the use of utility tokens (XCET) to facilitate and validate online transactions in the platform, C Estates gives users the option to trade real estate-backed tokens as fractions of its price, or as a whole. This is made possible through blockchain technology to provide fast, low-cost and secure transactions that will greatly contribute to the liquidity of the Philippine real estate industry.
C Estates aims to offer an online real estate platform to provide the easiest way to transact properties by tokenizing it with the use of blockchain technology.
Business model
The revenue for C Estates will be coming from different channels:
- Recurring fees from Asset/Property Management and Advertisement
- Transaction fees for using the platform both for buying and selling
- Service revenue for one time fees such as due diligence and processing fee
- Project based revenue from the margin of acquire-renovate-sell model of below market value and foreclosed properties
Key Features:
- Leveraging Industry Experience and Initiative for Compliance
- Buy fractional shares or ownership of Philippine properties
- Earn rental income based on the proportionate share of the property token
- Sell the tokens later at a higher price when property appreciates in value
- Choose a variety of property tokens (sale, rent, crowdfunding, timesharing or landbanking)
- Properties are fully verified with complete information and appraisal
- Team comprised of leaders in the real estate industry
- Founded by Teruo Sumida of Capitarise (one of the biggest investor-focused property management firms in the country), known for selling over 2,500 Philippine properties to Japanese investors
- Partnerships with Philippine real estate key players and influencers
- Security and compliance assured through legal representation working with related Philippine government agencies (SEC, BIR, Registry of Deeds, etc.), and through Securitize for international compliance
- Fiat onramps and asset-backed tokens
Technology
By combining blockchain, big data and analytics and bridging the gap between traditional real estate and cryptocurrency, C Estates provides a secure, low-cost and more efficient way of doing real estate transaction. It integrates data verification that is secured via blockchain with complete audit trail that will ensure authenticity and accuracy of transactions, digital wallets that secures payment both fiat and crypto, access to multiple real-estate backed tokens for investment, data driven insight for investments decision making, secure personal data vault and local and international compliance.
The product is about to be launch in the Philippines initially and will eventually become available in the neighboring Southeast Asian countries.
C Estates’ uses the New Economy Movement (NEM) blockchain technology to fulfill its mission and vision in providing a better way of doing Real Estate transactions and become an industry standard of the future.
Tokenization
C Estates’ uses the process of tokenization, a series of computational logic that has long been used by financial institutions on monetary assets. The same logic with added advanced method is applied by C Estates in tokenizing properties.
Data Security is our absolute priority which is why you have the assurance that all the sensitive information we hold are safe, securely stored and protected on our platform. This way, the sharing, negotiating and data ownership of a common property can be quick and efficiently transferred, automatically computed and generates the value of the assets being transacted avoiding human errors on public records.
Roadmap
Phase 1
For the first phase of the C Estates Project, the platform will concentrate on listing properties from the property brokers so that the platform will have a high number of initial DPA Tokens.
- Develop Tech
- On board Property Brokers
- On board Property Managers
Phase 2
The second phase of the project will see the addition of properties listed by individual owners.
- Improve Platform
- On board Secondary Market
Phase 3
The third phase will see the introduction of Mortgage-backed tokens. These are fixed income investments that will be loaned out to individuals looking for financing the acquisition of their home.
- Improve Platform
- On board Secondary Market
Phase 4
Roll Out cryptocurrency Market Place Acquire Asset Launch C Estates ReitX (REIT Exchange).
Our Team
Advisors
Conclusion
C Estates aims to offer an online real estate platform to provide the easiest way to transact properties by tokenizing it with the use of blockchain technology.
For More Information About Estates, Please Click The Link Below:
- Website: https://cestates.io/
- Facebook: https://www.facebook.com/cestates.io/
- Twitter: https://twitter.com/cestates_io
- Telegram: https://t.me/cestates_io
- Medium: https://www.medium.com/@cestates
- Linkedin: https://www.linkedin.com/company/cestates-inc
- Reddit: https://www.reddit.com/user/cestates_official
- ANN Thread: https://bitcointalk.org/index.php?topic=5106951.0
Author: Enno Netral
ETH: 0xC860a2F9510a73038Da3292bb9B28fA7a3F3cbA2
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