The Next Generation Real Estate Platform
Several industries are experiencing obstacles to their growth. In the supply chain industry, fraud, theft and wastefulness prevent it from reaching its full potential. Healthcare is bogged by legacy patient data systems. And we all know the problems plaguing payment systems and banking.
When first the developers, and then the masses, saw the potential in a distributed ledger to revolutionize different industries, several teams jumped on the blockchain bandwagon to become the first player in these niches. We now have multiple projects working to overcome the obstacles in the aforementioned industries with blockchain technology.
The industry we focus on here, that of real estate and property, faces its own dilemmas too. Skyrocketing prices and a free-for-all for what few homes are available make the rental procedure for potential tenants a dreadful experience. There is little trust between landlords and tenants, and the paper-based system of home-ownership and renting make it time-consuming and tedious. In some cases, processing takes over a month. In short, people have trouble finding homes, being allowed to stay there and paying for them.
The real estate sector is heavily controlled by middlemen and their powerful industry lobbying groups. The paperwork is complex. If you don’t have the subject matter expertise, you will depend exclusively on middlemen, for e.g. brokers. There is a significant opportunity for you to bring efficiency, transparency, and decentralization into this sector. The good news for you is that you now also have the tools to bring about this improvement!
Zillios is a real estate project that aims to solve the current problems within the field. For instance, in both vacation rental sales and property estates, there is a limited number of leading portals that dominate the market. This results in a slow and inefficient process and unnecessary costs to all key players in the market.Plus, renters have to work with a middleman to obtain the estate they need. They either have to work with leading advertising portals like HomeAway and Air BnB or work with an agent. All of these options result in high fees for the user.
Zillios solves the previous issues through the use of blockchain technology. It uses Ethereum’s platform to protect every transaction that takes place. Zillios idea is based on a freemium model which offers property listings for agents and owners. Basically, Zillios has the potential to boost global listings due to its decentralized system.Some features help Zillios stand out from the other ICOs. Unlike its competitors, Zillios uses smart contracts for booking and buying options. This takes away the inefficient communication and trust barrier problems that occur in real estate transactions.
Zillios Blockchain Smart Contracts For Real Estate Properties Plans
Zillios plans to have one of the most prominent possible ecosystems of international vacation rental and real estate properties and an ambitious sales amount of over one million. Here is how Zillios plans to attain those impressive goals:
Benefits For Sellers
Whether you are a property owner or agent, Zillios will allow you to include your entire list of properties, rather than only a selection. To gain better visibility, Zillios will provide a pay per click advertising model through its utility token. Additionally, closing deals will be cheaper, more transparent and faster through this platform.
Benefits For Buyers
Buyers interested in either vacation rentals or international properties will be able to capitalize on the comprehensive property portal that is Zillios. There will be smart tools, property buying guidelines and trusted assistance from third parties. Also, the process of closing deals will be smoother, efficient and even more transparent.
Benefits For Vacation Homeowners
Zillios offers owners of vacation rentals the advantages of absolute control over their rental payments as well as access to verified rental service companies. Interested vacationers can make bookings directly through this system without any agent or portal commissions, thus increasing convenience and profitability.
Zillios Token Usage
Here are some of the essential utilities that are anticipated to be paid for by ZLST tokens:
- Geo-position bids
- Featured properties
- Premium agent profiles
- Fast deal closing
- API integrations
- Rating rewards
- Property rental or purchase transactions
- Incentives to enhance listings and loyalty in the platform
- Token name: Zillios token
- Symbol: ZLST
- Total supply: 1 billion tokens
- Private sale date: July to August 2018
- Acceptable currency: ETH
- Soft cap: $5,000,000
- Hard cap: $25,000,000
- Public sale date: October 2018
- Bounties: 1%
- Advisors: 3%
- Rewards: 6%
- Founding members and team: 25%
- Company token reserve: 25%
- Public contribution (pre-sale and main sale): 40%
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Author : Bounty0x @kukiloaji