Crowdfunding Real Estate on ICON

Contribution Proposals New Proposal
#1

Hello all,

This is a first message about a project that I am studying with several partners in France, it concerns crowdfunding in real estate… on blockchain of course :slight_smile:

Maybe Icon could be a good blockchain for this.

Team :

  • A french company in top 5 in France in real estate crowdfunding (usefull to bring new campaign)
  • A web agency with front and back developpers, a genius designer and a product manager (me) (usefull to build)
  • A french company in real estate in Paris (usefull for network)
    => Let me clarify one thing: I am a product manager but above all I am an entrepreneur (in real estate)

Market :

  • Real estate crowdfunding (market of 500M € in France in 2020)
  • SCPI (société civile de placement immobilier) / REIT (real estate investment trust) : market cap of 71 Billions € in France, 1,25 billion € in secondary market in 2020 : this market is huge and very oldschool to manage
  • The primary market will be France, but it could easily deploy on several countries. The major issue is the legal thing, different in all countries

Project :

  • Create a platform to launch new crowdfunding projet in real estate or new REIT with token with “regulations approved” of the AMF (the french equivalent for SEC)
  • First, token will offer smooth user experience, but the key feature is to bring liquidity for the secondary market. These projects are very illiquid by nature.
  • Our reflexion is, maybe, to create a « white label » in tokenized real estate to offer a turnkey product for existing companies in traditional real estate to embrace blockchain
  • BTP / interoperabilty is a major feature that could be useful to this project of course
  • We could bring some fun feature, for example show projects in 3D in a metaverse project to bring concrete to its investments

Competitors :

  • Lot of competitors in traditional market
  • Some competitors with blockchain in others countries, none in France : redswan.io, realt.co maybe some others

Funding :

  • I think we will have some personal funding of the team & from our shareholder
  • No precise budget for the moment, it’s too early but we need a « seed investment » (300/500k €)

Our need :

  • We need experienced blockchain developers & key contact for audit
  • We need, if p-reps are OK, make a proposal to funding a part of this project (the blockchain part)

Does any P-reps are interested in this project to help us to bring this project on ICON Network ?
What do you think about it ?

Thank you

#2

I’m not associated with any P-REP, but in my opinion this undertaking would be too costly for too little on chain use-case for Icon.

#3

Hello,

Thank you for your reply.
Of course, we will not ask CPS to fund all the project. The team will fund a big part, but the blockchain part could be interesting (to be define exactly but around 50/80k$ maybe).

It’s could be a beautiful use case of the blockchain.

I will write a message when all the project will be define.

If Anybody have question or interested to help on the project, let me know

#4

The point of the CPS platform isn’t to fund the purchase of property it is for building the mechanics of purchasing property on the ICON blockchain. So If you make a proposal with the purchase price of the property or “seed” investment in mind then that proposal will fail. If you make a proposal for the website/mechanics (such as using broof or other ICON systems) to purchase and record the properties and their fractional ownerships then that would be a proposal for the CPS platform.

#5

You can DM me on Telegram @Geo_Dude

We’d love to talk more about the details

#6

Yes, it’s exactly what we want to build : a platform which will allow tokenization of a property.
I have a meeting with my associates next week about this subject.

@GeoDude, i will contact you on telegram

PS : sorry for my delay, holiday & Covid stuff :slight_smile:

#7

Hello! You can DM me too @doddric on Telegram