COINTELEGRAPH: How Will Jointer link Traditional Real Estate Finance And The New World Of Defi?
At 18:00 on April 20th, Jude, CEO of Jointer, a real estate trust fund project, was in the guestbihu live broadcast room, focusing on “The first major REIT, how will Jointer link traditional real estate finance and the new world of Defi?” The theme of “was shared.
Jude introduced that Joiner is a REIT (Real Estate Trust Fund) project in the Defi world, focusing on increasing liquidity for commercial housing. Besides, Joiner also created a Defi auction for fund-of-funds to provide an impetus for joint economic development and use blockchain technology to provide irrelevant returns, diversification, and unlimited liquidity. This combined economy is powered by the world’s first patent-pending multi-layer system that can increase the company’s market valuation every day without considering market turmoil or any manipulation while preventing value decline. This kind of joint economic system can be applied to a variety of industries, including insurance, venture capital, and so on. And Joiner’s first use case will be commercial real estate.
Jude believes that Defi not only creates amazing returns but also establishes some scenarios that can benefit from anonymity. We believe that decentralized finance can achieve sustainable growth, and Defi projects can also bring lasting value to this ecosystem.
“When we created Joiner in 2016 and 2017, the concept of Defi was not well- received. At that time, there was no flow pool and no Uniswap. Even now Defi is still at a very basic level, so the integration of Joiner is more like an improvement. The level of Defi applications.”
Jude said that through its Defi agreement, Joiner can allocate 90% of its investment funds to commercial real estate investments and 10% for liquidity reserves. By adopting this method, Joiner brings liquidity into the illiquid asset class. The traditional real estate market has only security but no liquidity, while the cryptocurrency world has sufficient liquidity, but security (project level) is not guaranteed, because many tokens do not have anything that can support their value. JNTR has a cross-mortgage function with security tokens under development, which helps maintain its utility and act as a liquidity bridge for commercial real estate.
Jude explained in detail that Joiner is an autonomous architecture for commercial real estate blockchain distribution, headquartered in Silicon Valley, California, and Tel Aviv, Israel. The jointer is an award-winning company, including a $1 million “Global Best Startup” award in 2018 in a global competition held in 4,000 startups and 196 countries/regions, and a 2019 Stanford University Disruptive Startup Award In the first place, Joiner was named the pioneer of “Blockchain in Real Estate” and the most promising entrepreneurial project of the US-China Innovation and Entrepreneurship Association of Carnegie Mellon University.
In addition to the participation of Draper Venture Network, Joiner’s prestigious advisory panel includes Nobel Prize winners, former SEC chairman, former vice chairman of Nasdaq, founder of Visa, former chief economist of the US State Department, and founder of CIS, Yahoo’s Chief Financial Officer, and other prominent figures.
Jude analyzed that real estate investment trusts have assets of approximately US$3.5 trillion, which is much larger than the entire cryptocurrency industry (the peak circulation of 600 cryptocurrencies is US$2 trillion). Generally speaking, real estate investment trusts are only suitable for large institutions, but now, Joiner uses them in the field of decentralized finance, which can be applied to everyone.
He went on to say that Joiner created JNTR in such a way that whenever you enter, they will set a lower face value price limit, giving you the same opportunities as early traders.
“We are only doing the most basic construction. This is our first step. There are other steps to take, including auctions, opening up liquidity, tax-related operations, etc., and finally opening up the Nasdaq. Liquidity allows large institutions to enter the market. So JNTR still has a lot of room for appreciation.”
Jude said: “When I first arrived in the United States, I wanted to invest in real estate, but the investment in this field is not easy and the threshold is high. Because you must first know and choose the corresponding investment opportunities for analysis. After the analysis, you may need to Time to raise funds. Many billionaires started their businesses through real estate. I always wonder why the rich can earn this money but the ordinary people can’t? Because this is a relatively closed market, just like The threshold I just mentioned is very high. I want everyone to participate in real estate trust investment. This is the original intention of the project.”
Jude said that JNTR is a liquidity bridge, acting as a value transfer between traditional commercial real estate equity and blockchain-based digital currency. Every time investors buy JNTR through daily bidding or directly through SmartSwap, the face value of JNTR will change according to the calculation of the liquidity reserve. The face value has exponential return potential and low-risk characteristics, thus providing an irrelevant hedge against fluctuations in the real estate and crypto markets.
Although the holders of JNTR have no right to acquire securities or property, JNTR assets are the only payment method for buying and selling JNTR / ETN or JNTR / STOCK, which makes JNTR the center of the joint economy. Although JNTR is not directly linked to real estate, it is the only payment method for asset-backed securities that provide indirect face value protection.
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Jude believes that Bihu is a very promising exchange. It believes that it can explode huge energy, and their team is also very professional, so they hope that JNTR will be the first to launch Bihu. All users have to do is to trade their JNTR through smartswap.jointer.io, they can access these AMM platforms and arbitrage between CEX and DEX. JNTR holds an auction on STEX every day and trades on Stex.com. In the future, Bihu will also host JNTR Defi auctions.
He also said that investors can come from all over the world, but Joiner’s research center focuses on multi-family real estate in the United States. However, as we grow, the scale of research will continue to expand.
Jude went on to introduce that Joiner uses SmartSwap.Exchange technology to achieve interoperability between Ethereum and BSC. Therefore, ETH and BNB payments can be accepted in Defi auctions. As the availability improves, Joiner will continue to add more public chains. The reason why Jointer chose BSC was the low handling fee because Jointer’s solution includes a total of 52 smart contracts, and Jointer needs everyone to participate, so the high handling fee is unrealistic. However, no matter which chain the Joiner is deployed on, it should not affect the user’s use. This is just like a mobile phone. No matter what brand of mobile phone you are using, you should be able to make calls to different models of mobile phones without being affected at the user level.
Besides, Joiner is a decentralized open-end fund investment conducted through daily auctions, and the investment is all invested in commercial real estate and liquidity reserves. The auction provides investors with JNTR and various rewards to encourage investors to reach the maximum daily investment limit. On each auction day, investors have the opportunity to invest according to the amount they want to invest.
Regarding plans, Jude said that Joiner is working with InvestReady to issue securities in a currency structure. Also, Joiner will integrate the investment in Bitcoin, Tron, BCH, and other projects on the chain into the Defi auction.
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