Tokenized ownership will simplify every type of operation with the real estate, including property investments and ownership transfers, either partial or complete. Real estate tokens representing a share in property ownership will allow for a liquid real estate market with transparent prices
(price discovery). Please note that ATL tokens are essentially membership certificates in the ATLANT Platform, which give numerous rights and privileges to their owners provided compliance with KYC/AML policies of ATLANT and proof of member activity confirmed by running
an ATLANT node on the member’s computer, as discussed in more detail later. There is no passive expectation of income solely from holding ATL tokens.Peer-to-Peer Rentals will make it possible to significantly reduce fees taken from both parties (tenant and lessor) and minimize the possibility of fake reviews and forged ratings — which are the main problems of existing centralized rental services such as Airbnb, Expedia, Booking and
With advent of blockchain technology, existing hotel business and growth of online services such as Booking and Airbnb could be disrupted and channeled into a decentralized service such as ATLANT, and said technology could accelerate both supply growth and utilization. Under conservative assumptions, (just for the US market) blockchain technology will provide explosive growth to the lodging market (see Figure 4).

ATLANT operates as a custom decentralized system, governed by the DAO family built on Ethereum. The platform is powered by its core token, abbreviated as “ATL”.
ATL tokens are essentially membership certificates in the ATLANT Platform, which give the following rights and privileges to their owners provided compliance with KYC/AML policies of ATLANT and proof of member activity confirmed by running an ATLANT node on the member’s
 Listing fee charged in ERC20 compliant property tokens, in all properties listed through the ATLANT Platform during their initial property token offerings. The platform enables property owners and developers to tokenize property by creating customized smart contracts and perform a token distribution to either sell property (partially or completely)
or attract financing for its construction. The size of the listing fee is initially set at 7% of the underlying asset and, subsequently, determined by voting of the ATL token holders.
After a successful token sale, an agreed part of the property tokens is released out of ATLANT escrow to ATL token holders proportionately, provided such ATL token holders are running an ATLANT node on their computers. There is no passive expectation of income solely from holding ATL tokens.
 Commissions from P2P rentals are imposed on the lessor, as a small fee, once a transaction with the lessee is finalized. These commissions are distributed to the ATL token holders running an ATLANT node on their computer. The size of this fee is determined by voting of the ATL token holders.
 Votes to decide various actions taken with respect to the property: platform listing
decision, listing fee approval, law firm choice, management company choice (property
tokenization), property for rent approval, rental fee approval.
 Ability to work, and earn extra income, within the framework of ATLANT as an arbiter for conflict resolution in P2P rentals, moderated via an arbiter rating system. As a result of this work funds withheld from the escrow of the losing party are distributed to the ATL token holder who performed the arbitration.
 Influence on the platform and ability to propose, vote on and aid further developments to improve the efficiency of real estate globally, as well as boost ATLANT’s global adoption and growth.
Token holders agree upon every decision taken within the platform, affecting both tokenizing property and P2P rental service, by the use of a voting mechanism. ATL token holders vote for or against the proposals created by most reputable holders, covering all activities within the platform.

Real estate throughout time and to this day remains the greatest source of wealth for most families, in fact, it is the largest asset class globally. History tells us that more great fortunes have been made and lost in this asset class than any other. However, despite having a tremendous size ($217tn) and volume ($1.4tn), it remains one of the most inefficient of assets. Over time, various attempts have been made to make this market more manageable and liquid, nonetheless every individual or institution which buys and owns real estate faces nontransparent transaction costs, asymmetric information, property rights opaqueness, variability in taxes, and a host of other
Efficient Market Hypothesis Theory states that the price of a security at any given time reflects all of the available pertinent information. While there may be appropriate application for this theory relative to exchange tradable assets such as stocks and bonds, it is currently inapplicable relative to real estate. While over the long term pools of real estate might be relatively price-
efficient, purchases of a particular property are often driven by individual circumstances and done with imperfect information, and limited number of buyers.
Most real estate ownership globally is single ownership, or at most divided between just a few parties. This creates a problem as rising prices have outpaced consumer income and savings and have left ability to purchase real estate assets to just a small subset of the population. Further,
high transaction costs and inefficiency in transactions themselves make redistribution of this market sub-optimal. Frequently, the cost of moving from an overly large house into a smaller one outweighs the savings and vice versa.Also, investing in real estate for most individuals and corporations typically lacks any global reach as paperwork, due diligence and administration in a foreign jurisdiction involves knowledge and
prohibitive costs.

Solution — Buying & Selling Property
ATLANT is the first decentralized real estate platform, built on top of the Ethereum network. With rapid rate of adaption of crypto-assets, ATLANT strives to remedy the situation of illiquidity and opaqueness in the real estate market. ATLANT serves as a turnkey solution for listing a real estate
asset for trading in a tokenized form in a similar way that stocks are listed on exchanges such as FTSE or DAX.

ATL token holders, being the platform’s members, work to find property owners or developers willing to sell their property assets or a part of their development to raise funds for the construction. Decentralized voting is performed with the use of EVM smart contracts to either accept or reject a new listing. In case a new property is approved to list on the platform, ATL
holders vote for the property’s law firm and management company.
Approved lawyer, or competent local authority in each respective jurisdiction, verifies legal documentation provided by the listing party and digitally signs each document pertaining to the property. Once signed by the local authority, each document is hashed and pushed into the
ATLANT Distributed Data Store (“ADDS”), while its hash is recorded in the Ethereum blockchain.This ensures that documents become immutable and virtually impossible to forge, as any change made inside an ADDS document will lead to a different hashing result, which would differ from the hash previously recorded in the Ethereum blockchain. By applying this operation to every item stored in ADDS, we create a permanent link to every document from the tamper-proof blockchain. As sometimes documents need to be updated legally, we use ADDS versioning provided by the IPFS protocol5.
Once all decisions covering a new listing are made, ATL holders verify both a Ricardian contract (RC)6 and EVM contract created by a listing party. Ricardian contract is digitally signed and linked to the corresponding EVM smart contract, making the contract legally binding. Ricardian contracts are stored in ADDS. The final step of the process involves voting for the deployment of EVM smart contract into the Ethereum network, which effectively enacts the start of property tokenization. Property tokens are issued by the EVM contract in exchange for ETH and ERC20 tokens. Once initial property token distribution is finalized, ATL token holders who have carried out work of running an ATLANT node to secure the ATLANT network, receive a listing fee charged in property tokens, which are ERC20 compliant. Tokens raised from the proceeds of the sale are subsequently released from ATL escrow to the selling party in case of a successful sale (determined by the contract).