Dominium ITO Review — The Decentralized
Property Management Platform
One industry that hasn’t received the amount of attention it deserves as far as potential for blockchain application is perhaps one of the largest and most important industries of all: real estate.
Although there are several real estate oriented blockchain projects with novel aims, there is one in particular that stands out as not only having the technology to change the industry — but also a depth of rich industry experience needed to do so. This project is Dominium.
Dominium is a decentralized property management platform built by established real estate professionals using the Ardor blockchain platform to facilitate regulatory standardization in an open ecosystem of property asset management.
As third-generation blockchain technology trends towards asset-backed tokens, Dominium and its native DOM utility token offer a unique framework for standardized legal templates, property related funding, and creation of property assets, all immutably stored on the blockchain.
Bringing Blockchain to the $217tn Real Estate Industry
The Dominium platform is being built by Munte Immobilien (MI) and Max Property Group (MPG), both established property financing and property management companies with assets in the Netherlands, UK, and Germany. Eventually merging their assets onto the Dominium platform, MI and MPG are bringing instant liquidity, transparency, and property assets to the Dominium ecosystem.
The goal of the Dominium platform is to become the universal property management system offering a suite of features including standardized EU regulation and legal templates, a modular blockchain architecture, integrated marketing, customer relationship management (CRM) tools, and a proprietary property management software interface. Assets are seamlessly integrated on the blockchain alongside property sales, rentals, regulatory documents, and required licenses.
The Ardor Blockchain: Fast and Scalable
Dominium is built on the Ardor blockchain, which is a blockchain-as-a-service platform built using Nxt blockchain technology and focusing on extending Nxt use cases for specific applications, primarily with an emphasis on scalability.
Ardor utilizes a parent-child chain architecture where each child chain functions as its own blockchain connected to the principal Ardor blockchain. Dominium will exist as a child chain on the Ardor blockchain network, which will enable decentralized asset trading while simultaneously allowing the Dominium blockchain to rely on the security of primary Ardor blockchain, which uses Proof of Stake consensus.
As stated in their white paper, the Ardor blockchain platform is perfect for supporting the decentralized real estate platform given its scalability. “We have chosen the Ardor platform for DOMINIUM due to its insensitivity to blockchain bloat and increasing transaction costs.”
You can find more in-depth technical information regarding the Ardor blockchain and how child chains function through resources on Ardor’s website.
Companies on the Dominium platform will have the ability to leverage services such as property funding, project finance, property sales, property rentals, property management, and more. Further, companies will have the benefit of being able to operate in an open system where regulatory documents and templates are standardized to simplify and facilitate asset listings and investment processes. As the platform develops, further regulatory ecosystems from countries around the world will be integrated with the Dominium platform.
The Enormous Potential of Blockchain and Real Estate
Backed by established real estate professionals with extensive experience in property management and investing, Dominium’s mission is providing the solution to long-standing problems that have plagued the real estate industry.
The international real estate market is massive (estimated to be worth 217 trillion USD) and is one of the primary markets poised for disruption from blockchain technology, specifically asset-backed tokens.
Problems ranging from antiquated technologies, complex regulation, and inherent limits fomented by centralization of authorities, agents, and financial institutions have stifled the emergence of a universal property management platform. Limited access to investors outside of financial institutions in disparate markets, compounded by language barriers to foreign investors further restricts the markets growth potential.
Dominium will provide a distributed, multilingual, and open standardized regulatory compliant ecosystem for individuals and companies to participate in a multifaceted property management system. Through utilizing blockchain technology in conjunction with an established property management experience, Dominium offers a platform that substantially reduces barriers to entry into various real estate markets, simplifying the facilitation of property assets for both individuals and companies alike.
A Team of Seasoned Real Estate Professionals
Dominium B.V. is the initial financial holding company that created the 1,000,000,000 DOM tokens for distribution in the Dominium ITO. MI and MPG will oversee the development of the Dominium platform while Confidon, located in Breda, The Netherlands, will supervise the Dominium platform’s activities, including providing token holders with platform and account transparency as well as overseeing the token buy-back program.
Dominium is headed by an impressive team rich in real estate experience, including Directors, Advisors, and Ambassadors. Notable team members include:
Dominium B.V. Directors
Sven Thomas Munte (Chairman) — Owner and Managing Director of property management company Munte Immobilien.
Mark Lloyd (Managing Director) — Owner of a successful Property Sourcing Company based in the UK and Property Mastery Academy which is a private property investment education company.
Advisors
Maarten Dirks MSC (Blockchain Adviser) — Teaches blockchain technology at the Rotterdam School of Management and holds a Master of Science in Engineering from Eindhoven Technical University.
Jaaco Van Herwaarden (Compliance Advisor) — Founder of Confidon Fund Administrators.
The DOM ITO (Initial Token Offering)
The DOM token is the official token of the Dominium platform and is a utility token specifically allowing for users to pay for transactions on the platform. All assets created on the platform are considered securities. Activities that the DOM token can be used to pay for on the platform include:
- Creation of Assets
- Trading of Assets
- Registering a Property
- Registering a Rental Agreement
- Registering a Purchase Agreement
The Dominium ITO for the DOM token launches on September 3, 2018. Currently, the Pre-ITO DOM whitelist is open and consists of 4 phases, each ending when the former phase is sold out, leading up to the launch of the ITO. You can find information regarding the current Pre-ITO (including the airdrop) on the Dominium website as well as some Youtube video tutorials on how to register, complete AML/KYC requirements, and reserve DOM tokens.
Notable Token Details
- Token Type: Utility (transaction payments)
- Max Token Supply: 1,000,000,000 DOM
- Initial Private Seed Round: 100,000,000 DOM
- Pre-ITO Token Distribution (€0.05 per DOM): 100,000,000 DOM
- ITO Token Distribution: 500,000,000 DOM
- Founder/Team/Advisor Allocation: 200,000,000 DOM
- Airdrop/Referral/Bounty/Bonuses Allocation: 100,000,000 DOM
- Softcap: €2,500,000
- Hardcap: €92,500,000
There will also be a Dominium token burn with all tokens acquired via the Dominium buy-back program collected in a multisig account and subsequently burned.
Token burns will be publicly announced and transparently audited. As a result, the DOM token will have a diminishing supply, and the program is designed to mitigate volatility and sustain increasing demand for the token.
It’s worth noting that the current sale offers investors a chance to acquire tokens at significant discount.
Conclusion
Dominium is well-positioned to become the universal property management platform. Built on scalable blockchain technology and headed by an impressive team of real estate veterans, Dominium will likely be the first fully-fledged digital platform that provides a standardized regulatory framework for individuals and companies to participate in the burgeoning global real estate market.
Rather than rushing to market like many other projects, Dominium’s team has taken solid and steady steps to build the project’s technical and fundamental viability for an industry that is both enormously complex and resilient to change.
For keen-eyed investors and crypto enthusiasts, Dominium offers a unique opportunity to participate in what could become the biggest disruption of one of the world’s largest industries — the global real estate market.
All opinions are my own, this is not financial advice, and you should always do your own due diligence when researching and investing. -zt
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