Eddmate launched its native utility token EDD on August 1, 2022. This token is quite high-ranking on various ICO listing platforms. Its sale will end on August 31, 2022. The total supply of EDD tokens is 1000000000. Its creator team offers solutions to the problem many people encounter while trying to become a part of the Defi world.
The company pointed out that the global real estate market is currently worth $217 trillion. Moreover, it makes up more than half the value of all mainstream assets around the world. However, liquidity is one of the great differentiators between real estate and other major asset classes.
Compared to exchange-traded securities like equities and government bonds, real estate markets are not as efficient and organized as other markets. They suffer from incredibly slow transaction times and less efficient price discovery mechanisms. Consequently, substantial capital becomes trapped in less liquid investments, often concentrated in certain geographic areas that are devoid of other domestic investment opportunities. Many investors with excess liquidity would welcome the opportunity to invest in foreign real estate assets, but there are currently substantial impediments to such activity.
China is an excellent example of such a problem. Its citizens are among the largest groups of foreign investors in the U.S. real estate market. They own over $28 billion in U.S. residential property. But the total value of the United States residential real estate market is more than $29 trillion.
Thus, foreign investment in the U.S. residential sector could potentially be equal to hundreds of billions of USD. But foreign investors need to get proper education on how to invest. They also need the facility to, among other things, close real estate transactions online.
What are the other problems that plague foreign investors?
Unfortunately, Chinese who intend to invest in foreign real estate mainly have to rely on family and friends to obtain referrals to local brokers in the current market. The latter, in turn, works with international brokers in selling a property. As a result, this whole process is time−consuming and involves too many intermediaries. More often than not, another investor obtains the property the buyers are seeking before the latter can complete the transaction.
The main problem is the lack of international standards, as well as comprehensively available platforms for the electronic transfer and recording of real estate. Each country typically maintains its own registry and establishes national property deed registration and transfer rules. Furthermore, the governments developed legacy property rights registry systems to handle local real estate transfers. However, they are ill−equipped to handle international ownership transfers.
Thus, there is an inferior experience for customers and investors on both sides of the marketplace. Moreover, the informality of procedures prevalent in certain jurisdictions often makes them particularly susceptible to fraud or tampering. Currently, there is no single tool available that allows a property investor to research, pay for, and secure / record ownership of international property online.
What is Eddmate’s solution?
Eddmate wants to solve the problems facing international real estate transactions. It plans to create a unified property store and asset transfer platform for the global real estate industry. Initially, its Propy Registry will mirror official land registry records in which participants record transfers of real estate. However, Eddmate aims for jurisdictions to adopt its registry as their official ledger of record. In such a case, the transfer of a property on the Eddmate Registry will constitute the legal transfer of the property, as well as the legal registration of that transfer.
By leveraging the Eddmate registry and smart contracts platform, the company will be able to eliminate unnecessary delays and impediments inherent to legacy property rights registration systems. Furthermore, the platform seeks to enhance the security of transactions while simultaneously reducing inefficiencies through its innovative use of cloud, mobile, and blockchain technologies. It will link buyers, sellers, investors and registries worldwide.
VEU token is also trending. Why’s that?
VEU is the BEP-20 token. The founder team has created it in BSC. The company also plans to create a platform to download decentralized web assets as quickly as possible. Thus, it will allow app developers to directly reward customers who provide their core resources, as well as use this “found value” to transact with publishers and app developers without fiat currency.
The team will expand Veuter over time. It has already introduced a new token, VEU, to implement a distributed infrastructure services economy. Within the VEU economy, end users will be able to offer infrastructure services in small increments in exchange for various tokens. Besides, blockchain solutions will provide a store of value, along with a medium of exchange that will scale to meet anticipated demand.
The company aims to accelerate the introduction of the platform and eliminate existing Veuter inefficiencies. It wants to achieve a broad familiarity with its token’s existence, user experience and economics. The Veuter’s launch also proves the effectiveness of using blockchain-based rewards to provide infrastructure services in small increments over a large installed base.
The Veuter team will simultaneously work with third-party developers to create and promote a marketplace. The latter will generally support networking and the fastest downloads of decentralized filegroups. In addition, the team will create a marketplace for distributed infrastructure services based broadly on networking and storage primitives. These are the underpinnings of the existing Veuter technology.
What else does Veuter aim for?
The company plans to work with third-party publishers and app developers beyond the existing Veuter ecosystem. It aims to offer various services on which consumers may spend their tokens on. As a result, hundreds of millions of end users will have means of deriving small amounts of value from their technical resources. They will be able to spend that value on goods and services.
The team launched the VEU token in May 2022. Its sale will end in September 2022. The total supply of tokens is 10,000,000,000. The platform accepts ETH, BNB, USDC, USDT, DOGE, and BUSD in exchange for its native tokens.
Overall, this company has an interesting roadmap and innovative features that may attract many investors. Its token is already in the spotlight, and its value will likely increase over time.
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