Feb 14
Soakmont ($SOAK) Token — New Age of Real Estate on the Blockchain
Soakmont ($SOAK) is a cryptocurrency on the Binance Smart Chain ($BSC) blockchain focused on the tokenization of real estate and various other assets (i.e collectibles, memorabilia etc.). It officially launched in October of 2021 and is currently traded on https://pancakeswap.finance/swap.
Website: https://www.soakmont.com
Discord: https://discord.gg/soakmont
Telegram: https://t.me/soakmont
Twitter: https://twitter.com/GetSOAK
Price Tracking: https://www.dextools.io/app/bsc/pair-explorer/0x23db719b1e3df211cffbb8902bd65ad28b71afe0
What is Soakmont?
Soakmont is a blockchain-based protocol that aims to revolutionize private equity asset investments and crowdfunding. Soakmont will give any individual the chance to invest in many areas of assets. This area of investing has been difficult for many people due to either lack of finances or knowledge.
Soakmont’s vision is to break down the price walls that deny small investors and allow any investor to take advantage of this field. Adding high end luxury items, a hotel or even an apartment building to one’s portfolio should be easy and accessible to every type of investor no matter the financial situation they may be in.
Soakmont Ecosystem
Imagine you want to crowdfund an investment for a real estate asset. What you can do via Soakmont (as a so called “project founder”) is to create a token that is assigned to this investment project. People can then purchase the token in order to support that project and own a fraction of this investment based on the number of tokens they are holding. In turn both sides, the project founder and holders, from this new approach of raising capital. Very similar to a traditional crowdfunding the funds are only released to realize the project if it has been funded successfully. If it is not funded successfully project holders can then withdraw their investment from the project.
Short Term Goals
The short term goals of Soakmont is the key component in making this a full reality. As of late, most of the attention from the management team has been solely focused on all legalities and regulations the token must go through. Investment regulators must allow Soakmont’s platform in order for it to be used to it’s fullest extent. Soakmont has made all of the connections necessary in order to obtain the best route to take.
While waiting for the legal process to finish, the Soakmont management team has also veered it’s focus to NFTs (Non Fungible Tokens). Soakmont has recently announced they will be launching a NFT line with 10,000 in the collection called Staches for the World. The focus of this NFT line is to raise more funds for the Soakmont ecosystem as well as creating another utility within the metaverse and real world for the ecosystem as a whole. Please visit Staches for the World medium article to learn more.
Lead developers on the Soakmont team will also begin to create the webapp platform to be used on multiple blockchains like Ethereum ($ETH) and Binance Smart Chain ($BSC). This platform is where an investor will go in order to view all assets and projects that the Soakmont ecosystem is either allowing investments in or crowdfunding. The official launch of the webapp will be either directly after the legal process is finished or when Soakmont obtains it’s first asset.
Mid Term Goals
Realistically Soakmont is looking to launch it’s first real project by crowdfunding within the mid term of 2022. Creation and deployment of smart contracts for the assets investment and crowdfunding platform on multiple blockchains will be done prior to accomplishing this large milestone. They will announce where the first real estate asset will be prior to launch. By doing this on the Soakmont platform there will be a new token created that will act as a DAO for this said asset. Subtokens created for each new asset will represent the proof of ownership of the shares of a project. Each project can then use the Soakmont ecosystem to distribute returns to asset owners all around the world.
Soakmont will be deploying their mobile app as well. There will then be two ways to reach the Soakmont Investment platform one of which is said mobile app and the webapp.
There is plans to create partnerships for future projects as well. The management team is already in talks with major key players who already own millions, and some billions, of dollars worth of real estate property. When legal process is finished these partnerships will be much easier to finalize. This would create substantial backing for Soakmont. These key players, from what we’ve been told by the Soakmont management, are just waiting for the legal process to finish before they finalize the partnership.
Long Term Goals
In the longterm goals Soakmont plans to have multiple real estate and other assets under their ecosystem by this time. This will come from the crowdfunding and partnerships to create a large network of real estate properties. Soakmont is hoping to take on many different types of properties as in commercial, construction and residential. All of which will have their own ways of rewarding holders.
Since Soakmont will have multiple real estate assets they plan to dive back into NFTs (Non-fungible Tokens). These however will be different from the NFTs they will be launching early in 2022. These will be what they have called NFT Property Mirroring. In short, these NFTs will be mirroring the properties they already have under the Soakmont Investment platform. They will guide to provide further access in the real world by allowing investors of said properties to have a unique ability to these properties. These NFTs will also play a role in the metaverse as well as a P2E (Play to Earn) utility. The management team will be going further into depth about this closer to the time of launching the crowdfunding and investment platform.
Soakmont will be launching a new website platform for the assets they take on outside of real estate. This will be a tokenized collectibles marketplace. This will be where Soakmont will list assets they have taken on to sell. It will also allow anyone who has a collectible item to be able to list their asset on the marketplace. Soakmont would take a small percentage in fees from all transactions done on through the marketplace. The marketplace will be tokenizing all assets anyone has by making transactions quick and efficient and all done through the blockchain. The Soakmont developers will be going further into depth about this closer to the time of launching the marketplace to explain it’s inner-workings.
Summary
In short, the Soakmont ecosystem is a very unique and outstanding project that takes aim at bridging the real world and the blockchain. Soakmont is powering the ecosystem of the future that will tokenize private equity assets. It will play a key role in the real estate investment field and aims to be the currency for renting commercial and residential properties. Soakmont is going to create amazing features with NFTs that will create more utility in longevity. If you haven’t looked into the Soakmont project I suggest joining the very active and loyal community to learn more and talk with the management team.
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