Bitcoin Press Release: Blockchain startup SWINCA takes on the inefficiencies of the real estate industry with a tokenization model that levels the playing field for real estate investment.
At some point, everyone, when having an opportunity to invest, considers putting money into real estate. Problem is, it’s a very hard industry to get into. New players have a hard time entering the field, and small companies struggle to grow beyond regional limitations and barriers set by domination of monopolies. It’s almost impossible to get a wide variety of properties on your portfolio in such conditions.
When you add the time wasted on long transactions and the cost of the army of intermediaries, global real estate suddenly doesn’t look that appealing, even though it’s considered to be one of the safest and most promising areas of investment.
How SWINCA solves those problems
You’ve probably already guessed the answer SWINCA proposes for all those issues. Blockchain has proven to be extremely helpful in dealing with traditional problems in a variety of industries, and now SWINCA is preparing to adjust crypto to real estate. Tokenizing real estate assets on the blockchain should allow to achieve even the most ambitious goal SWINCA has which is equalizing all players, big and small, so that large corporations don’t have unfair advantage over others. Blockchain is the key to bringing down geographical and economic barriers, its implementation would allow for acquiring property around the globe and collecting its revenue in an instant.
Transaction costs alone would drop significantly, and there would be no need to pay for intermediaries, bureaucrats and administrators. SWINCA’s team would take it upon themselves to scout the markets, find the most promising properties of any kind – offices, houses, apartments, land – at any stage of development for investment, as well as handle legal and management issues.
What is SWINCA?
SWINCA is a platform for crypto real estate industry with a Switzerland-based team. SWINCA would operate through two types of tokens.
The SWI coin is internal and external to the platform, you could trade it on the exchanges. It represents SWINCA’s growth in general, as well as the way it’s performing. It’s also the coin used for ICO (pre-ICO would be held the November 26th, and ICO would begin on February 1th, 2019, and then followed by the launch of SWINCA Real Estate on April 5th, 2019) with the hard cap of $75 million.
The NCA token is exclusive for internal use on the SWINCA platform. It represents specific shares of properties and would allow holders to obtain their capital gain depending on the percentage of shares that are allocated.
Coin sale distribution
The SWINCA ICO will be held before the project is completed, thus the raised funds will support the team by covering their expenses until the platform is launched. The coin sale distribution will work in the following way:
• 50% of it go to Pools and Masternode;
• 35% is sold during pre-ICO and ICO;
• 5% is distributed to employees and advisors;
• another 5% goes to the founders of the project;
• 3% is allocated to marketing and bounties;
• 2% is sold through Private Sale.
All the unsold coins will go to SWINCA reserve (where they have a vesting period of 10 years) to then be used for investors directly on the platform.
For more information, visit the SWINCA website: www.swinca.io
Buy SWINCA Token: https://swi.swinca.io/users/sign_up
Follow SWINCA on Twitter: https://twitter.com/Swinca2
Follow SWINCA on Telegram: https://t.me/swinca_group
SWINCA is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
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Image Courtesy: SWINCA.io