Soft Cap, Asian Roadshow and Token Sale Extension: 10 News from Alt.Estate
What a busy time we had at Alt.Estate recently! Thanks to the efforts of our team, we achieved a number of important milestones and are ready to share them with you. Here are the top 10 updates on our platform development, partnerships, token sale and future plans.
1. Soft Cap Achieved
We successfully closed the Soft Cap during an overbooked presale.
We thank all our investors for believing in the Alt.Estate platform. $1M soft cap was reached within a few days during an overbooked white list presale. It ensures we are already launching the first stage of the project as it is described in our Whitepaper.
2. Strong Community of 100K+ and Growing
We are grateful to our community members for attention, challenging questions and active discussions. The community is active and growing — join the conversation in our Telegram channel.
3. Alt.Estate Asian Roadshow Was a Blast
We just finished a successful roadshow in Hong-Kong, Shenzhen, Seoul, and Singapore. Over 100 participants from endowment funds, family offices and institutional investors joined our meetups, presentations and Q&A sessions in each location.
Importantly, we also saw an interest from developers and property owners — two key groups for the success of our technology for the property tokenization. As a result, we have negotiated 10 pilots and 5 declarations of intentions.
We are preparing videos of the events and will publish them soon.
4. Valuable Proof of Concept
During a meetup and Q&A session in Hong Kong, the head of Circle Korea — a Goldman Sachs-backed Bitcoin company which recently bought Poloniex crypto exchange — stated that Alt.Estate can play the role of USDT for Real Estate. What a valuable proof of concept from an established company!
5. We joined Real Estate Blockchain Institute of Korea
Another win in Asia — it’s an honor for us to become one of the first members of the Real Estate Blockchain Institute of Korea, the entity which focuses on expanding the use of Blockchain in real estate from legal, technological and marketing perspectives.
The members of the institute joined the d10e event in Hong Kong. Paul Kim — chief director gathers experts of ICO, Real Estate, Blockchain and related fields to research and develop Real Estate Blockchain, invites numerous guests all over the world as Global Advisory and creates a global network in order to provide potential partnership in the business.
6. Dream Team is growing!
Our team is growing: we are looking for the Team Lead, senior and junior developers. If you are (or you know) the Full Stack / PHP / JS / Ethereum / Solidity Rock Star, please let us know! Hit us at ask@alt.estate.
7. New Office is coming
Alt.Estate is moving the team to a new spacious office
As the construction work in our new location is finalized, we will post more photos of our team in the new cozy and spacious interior.
8. Alt.Estate protocol is scaling
Improved TPS, SDK and integration tools, 20 smart contracts in DApp kit, external audit and anchoring to Ethereum blockchain for additional safety
Latest progress of Alt.Estate R&D Team led to the unprecedented improvements in our Protocol. Through an improved POS consensus mechanism, we raised the Alt.Estate protocol TPS to 38 transactions per second. Get a glimpse of the scale: Real Estate deals are made every second (120 million annually), and Alt.Estate protocol is designed to potentially hold 10X of this load.
As we aim to become an industry standard, we need to be as open to 3rd party entities and developers as possible. We deliver SDK and integration tools for operations with real estate (including automated trading) to be used by developers, traders, and other market players.
This impressive stack is accompanied by the live prototype, 20 smart contracts in DApp kit, an audit by an external auditor and anchoring to Ethereum blockchain for additional safety.
9. Institutional partnerships in progress
Alt.Estate is working on integrations with Stellar, EOS, NEM and Bancor.
Alt.Estate is building the future of real estate on the Blockchain, and we are working fast to be closely integrated with the most established Blockchain projects. The details are yet to be announced, but here is a little preview.
- Our team is working on using Stellar and NEM to increase the flexibility of our Real Estate tokenization framework and legal framework.
- We investigate the listing on the Bancor Network for increased real estate tokens liquidity and convenient trade.
- We negotiate the partnership with EOS for increased ALT Protocol stability and scalability.
10. Alt.Estate Token Sale Continues
Due to the unfavorable market conditions, we continue to discuss the extension of ALT token sale with advisors and community members
Our team, advisors as well as the community have a number of concerns about the current market conditions. The prevailing opinion is that the situation will return to the uptrend towards the fall 2018. One of the most promising solutions for us in this situation is to extend the ALT token sale for another 2–3 months. This will allow us to achieve a number of goals: finalize the long negotiation cycles with the Institutional investors, hit the better market situation, and to further develop the platform functionality, partnerships and integrations.
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