What is Global REIT?
Its main aim is to make it easier for global real estate investors to effectively build their portfolio without having to move through as many obstacles as was previously required. They plan on using the REIT investment approach whereby the investment company owns a number of real estate options generating income and revenue for the stakeholders. Of course, in this instance the stakeholders are going to be those individuals that own tokens with each token effectively representing a share in the real estate that is under the control of the parent company.
Also, by purchasing tokens they state that it will also open up the possibility of getting shares in future assets that are brought onto the platform. Furthermore, by using blockchain technology it does mean that there are a number of benefits afforded to the investors thanks to the level of transparency and security that surrounds the blockchain.
Global REIT works on the same mechanism as traditional REITs. REITs as you know offer dividends to its unit holders based on the income of its Assets under Management. Each subscriber will get 2 tokens upon subscription " - GREM - GRET Both GREM & GRET tokens are utility tokens & will provide future access to all its Assets under Management. Where token holders will receive discounts and benefits. Global REIT is welcoming its subscribers to participate both in the Fund Manager (GREM) returns as well as the income on the Assets under Management (GRET).
One of the most talked-about topics in the financial services industry today is blockchain and is the current biggest market disruptor. It was initially designed to facilitate, authorize, and log the transfer of bitcoins and other cryptocurrencies. Cryptocurrencies are digital money that use the blockchain technology to facilitate secure and anonymous transactions. The statistics as of today, show the market cap of cryptocurrencies at US $502,375,504,565 with block chain technology serving as its back bone. This combination is being further linked to various industries with an anticipation to revolutionize the traditional approach to businesses and reap benefits including cost reduction, faster settlements and increased transparency.
The Technical Aspect of Global REIT.
Perhaps the key thing to mention here is that the technical side of things is more straightforward than their product perhaps alludes to. At first, you may think that it involves purchasing aspects of real estate, but that’s not the case. Instead, view tokens as being something similar to shares in the parent company and the assets that they manage, which is solely different forms of real estate, and you will have a better picture of what to expect.
Upon subscribing, you are given two different types of tokens, GRET and GREM. The GREM token refers to the fund management part of the company while the GRET refers to the asset management aspect of the company.
From the technical perspective, you simply purchase the tokens and can then hold onto them in order to get the revenue or trade them as the price fluctuates. This is the company seeking to raise additional funds for their investments with you able to take part via the creation of a Smart Contract in relation to the number of tokens that you own with the transaction taking place via the blockchain to provide complete transparency at all times.
This is one of those opportunities where it is certainly far more about the investment aspect rather than expecting a service or product at the end of it all. To be honest, there’s no real need to have a firm understanding of real estate and investing in a portfolio as the key here is in the way that the tokens themselves can operate.
Having tokens in both spheres of the business is certainly a good idea as it does spread the risk, as well as the possibility of making money, but overall the most important thing is how they then use the investment and whether or not they can turn it into revenue. If they can, and they are starting in the Middle East, then this is the kind of investment that could generate monthly revenue without you having to do anything. If not, then there could be a real sense of frustration and a need to try to sell those tokens on the open market.
The real estate market is always going to grow at some point, so using the blockchain in order to build assets and a portfolio is a good idea. Whether or not this is the opportunity for you remains to be seen since it depends on where the parent company is planning on investing the money as to whether or not this all works.
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