Elements Estates (ELES) ICO Review
Elements Estates is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Token Name||Elements Estates|
|Price||1 ELES = 0.55 USD|
|Soft Cap||2,500,000 USD|
|Hard Cap||50,000,000 USD|
More about Elements Estates (ELES) ICO:
“Elements Estates is creating a Blockchain-based platform with underlying unique portfolio of real estate deriving from banks’ distressed assets. The platform will offer the ability to utilize ELES tokens through purchase or rent of real estate and other services, all primarily related to newly developed and modern properties in platform ownership. Elements Estates is giving you the opportunity to get involved in something that will enable growth of token value from unlocking the hidden value of the distressed assets deriving from non-performing bank portfolios, usually reserved for major players.”
Since the last economic and financial crisis, which has changed the economic and financial landscape of Europe there has been great demand for distressed assets . The Elements team was involved in a great number of the most important distressed acquisitions in South-East- ern Europe (SEE) region in the past few years in which we acted as an advisor to hedge funds from USA and Western Europe . The Elements Estates project is a new step in that area . We will set-up a private corporate fund that will purchase, develop and maintain real estate across the regions . It will be managed by an experienced team with proven track-record and governed by smart contracts on blockchain .
By using blockchain technology we are creating a platform that will enable everyone to benefit from real estate opportunities in distress market . It will act as a transactional hub between a fund and the ELES (Elements Estates) token holders themselves who will benefit through the increasing value of ELES token. Twinned with that, the ELES token will be used as payment means in every transaction related to properties owned by the Fund to ensure safety, secu- rity, and transparency. All services will be payable solely in ELES tokens that will be offered to users in the upcoming ICO event as described in this Whitepaper .
The ELES token is one of the first cryptocurrencies to combine distress real estate opportuni- ties with blockchain technology. The ELES token is classified as an utility token since the own- ers will not have any ownership or shares of the corporate private fund and do not receive any dividend. However, they will be able to benefit from its use and deployment through the platform .
Elements Estates is creating a Blockchain-based platform with underlying unique portfolio of real estate deriving from banks’ distressed assets. Our platform will offer the ability to utilize ELES tokens through purchase, rent and other services, all primarily related to newly developed and modern properties in platform ownership and solely payable with ELES tokens.
We are giving you the opportunity to get involved in something that will enable growth of token value from unlocking the hidden value of the distressed assets deriving from non-performing bank portfolios, usually reserved for major players.
Our aim is to offer everyone the opportunity to benefit from distressed and undervalued real estate asset opportunities linked to the Blockchain. To be able to do so and enable above-average liquidity of the token, we have designed the entire process in a way that the ELES token will be the only means of payment for all services and properties in our portfolio, and that the token supply will decrease with every transaction.
The ELES platform will combine the safety and stability of the real estate sector, the high-profit potential of distressed real estate deals and the transparency of the Blockchain. This will support substantial growth of the token value.
Reflection on the value growth of the ELES token
A small part of the crowd sale funds will go to the development of the platform, while the majority will be distributed to building the real estate portfolio. With the increase of real estate over a period of time, more and more properties will become available for rent and sale. With every transaction, a certain amount of tokens will be locked for a certain period of time and taken out of circulation. This will have a positive effect on the token value.
The crossroads of Blockchain technology and real estate value optimization
The platform will serve as interaction hub between the ELES token holders and the Fund, created for purchasing tourism-, commercial- and residential properties in the SEE region. While the Fund will focus on identifying distressed assets, starting within the SEE region, which can be restructured as real estate projects, it will later either sell or rent properties.
Elements Estates has made its focus on distress real estate to power the fund created for three main reasons:
- With redevelopment of distress properties, which will help to improve communities, the environment and upgrade urban feeling and surroundings . These improvements to distressed or abandoned properties reinvigorate an area and improve the quality of life for everyone .
- Because our properties will be derived from distress deals, we will be able to offer the real estate market and ELES community the possibility of buying or renting properties at more favorable prices compared to prices on the direct real estate market .
- Due to the specific ELES ecosystem and the lockdown period (see more under chapter “Token management”) for each token used, we intend to accomplish idyllic environment for holders of other crypto currencies who will want to transfer a part of the assets into ELES tokens . We are creating it as a crypto-currency with a high potential for the growth of the value which nevertheless has a stable underlying base .
The platform will act as a closed ecosystem in which ELES tokens will be used as exclusive payment mean and offering all the services available to ELES token holders at favorable conditions regarding the general public and will be structured into the three main categories:
The platform will serve as interaction hub between ELES token holders and the fund itself . Users of the platform will be able to see the latest projects, planned acquisitions, properties available for sale and for rent . It will use blockchain technology to verify real estate transactions that will be available for participants using ELES tokens .
The fund will focus on identifying distressed assets within SEE region that can be restructured as real estate projects . Fund will strategically identify properties and acquire it at value that will be significantly lower (up to 80 percent expected) than the market price. These properties will then be finalized/renovated and evolved for following purposes:
Selling to ELES token holders
Users wishing to purchase a property which is held by the fund must do so in ELES tokens .
Selling to the general public
Anyone wishing to purchase a property which is held by the Fund will be able to purchase them through ELES platform. If the buyer is a non-holder of ELES tokens, he will be able to pay in fiat currency (additional exchange fee will be charged) and ELES platform will be obligated to exchange received payment to ELES tokens in shortest time possible .
Renting to ELES token holders
Those users who have signed up to the platform will be able to rent properties (tourism, commercial and residential) owned and operated by the Fund for favorable rates compared to general public . Payment will be made solely in ELES tokens .
Renting to the general public Anyone wishing to rent a property held by the Fund must do so in ELES tokens .
The fund will be constantly checking available residential and commercial properties against market conditions. As the Platform evolves we aim to offer ELES token holders many more benefits including: O The ability to rent modern tourist properties (apartments, villas etc.) starting in SEE countries (Greece, Croatia, Slovenia) and Cyprus.
O The purchase or rental of newly developed and attractive commercial or residential properties owned and operated by the corporate private fund (Fund) .
O Interaction, updates and information about fund properties including their status.
In the second stage of the platform development we will include: O Quick conversion of ELES tokens through a payment services provider;
O A payment card that will support ELES;
O A dedicated loan facility (loan pools) for ELES token holders to support the acquisition of real estate owned by the Fund;
O Real estate services connected with smart contracts for properties that will not be in platform ownership and can be applicable in other European countries;
O Any other potential solutions/services.
Elements Estates will be launching its own Initial Coin Offering to deliver an innovative platform for everyone interested in the real estate market . With the collected funds during the ICO we will be able to develop the following:
O Real estate portfolio packed in corporate private fund which will create utilization possibilities for ELES tokens, which will be managed by a professional with proven track record;
O Development of an online platform that will serve as a base for opportunistic residential, real estate offers.
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