Real Estate on Blockchain — The FTKA Business Model
As the ICO date for the FTKA token approaches, let us take a look at how the company plans to invest and manage its portfolio.
Global real estate is preparing for its blockchain revolution, and FTKA is one of the first to take the lead in this space.
Starting from Europe, FTKA plans to acquire empty/abandoned properties in chosen cities, and redevelop them into residential or commercial complexes. The project will begin in Europe, and countries in focus include Croatia, Germany, France, Greece, Belgium, Portugal and more in the next three years. Investors will also have a say in deciding future destinations through survey sessions.
One major impact of this redvelopment by FTKA will be to reduce world’s energy consumption.
To safeguard against accidental damage and loss, all properties will have insurance coverage. The insurance claims will be used to buy similar properties.
Future purchases of FTKA will also take into account views of the community as well as second opinions of industry experts.
Revenue will be generated from rent and sale of FTKA properties. Also in the plan is collaboration with other real estate parties in projects based on FTKA’s criteria.
Maintenance of properties will be funded by a portion of Ether contributed in the token sale. There will be FTKA staff or independent property management entities for this task.
FTKA does not plan to sell its properties, as its aim is to increase its global portfolio. Sales will be undertaken based on asset management activities, and if it is in the community’s interest.
FTKA leaves the option to buy an investor’s property only if it meets the FTKA criteria.
The First Project Is Estimated To Be Available In Q2 2019.
The public ICO for FTKA begins on schedule on November 16, 2018.
