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Tokenizing Real Estate: Relsify Full Review

January 4, 2022 by UBWriter Leave a Comment

tokenizing-real-estate-relsify-full-review

A significant innovation of the modern era is the introduction of ” blockchain technology“. Blockchain technology is essentially a digital ledger in which data can be entered, verified, and then processed further by computer nodes on a peer-to-peer network. it is an architecture that enables members to share a ledger that is updated each time a transaction occurs via peer-to-peer replication.

This model has gained traction due to its ability to eliminate the middleman; traditional methods for recording transactions and tracking assets in the hands of a central figure are rendered obsolete. We have seen how digital currencies built on this technology, such as bitcoin, ethereum, and others, have taken the world by storm.

This takes us back to the subject at hand.

What is Relsify ?

Relsify is a property technology business that leverages blockchain technology to deliver a superior real estate experience in the region by resolving decades-old real-time issues in the region (Africa). They plan to accomplish this by repurposing physical real estate assets as distinct blockchain-based digital assets (security tokens), allowing many to participate in fractional investments and stakes while also providing liquidity and finance to real estate developers. Using Nigeria as an example, the country has numerous severe issues in its real estate sector:

  • There is a massive housing and development gap; for example, Lagos, Nigeria’s economic capital, is short of housing units to accommodate its booming population.
  • Real estate developers have limited access to capital.
  • Disputes frequently arise as a result of a lack of document authenticity surrounding assets.
  • Low foreign investment, as many people are afraid of doing business and must rely on a trusted middleman.

The Relsify Process

tokenizing-real-estate-relsify-full-review

The objective of Relsify is to operate as a worldwide decentralized marketplace with a low entry barrier, allowing the average Joe to invest or own a piece of real estate with as little as $1. The developers host their homes and obtain finance directly from investors, eliminating the need for middlemen.

On the Relsify platform, the RELS token will serve as the ecosystem’s utility token or money; users will register accounts and browse verified assets to invest in; developers will produce unique security tokens for each property displayed, which will be distributed to investors.

The Relsify ecosystem secures the processing of these transactions through the use of the blockchain, which provides various benefits, including the following:

  • It establishes a secure pool through which Developers, Investors, and Crypto Enthusiasts can have access to previously inaccessible funds or properties.
  • Increase international participation and foreign investment
  • Completely eliminate the entrance hurdle to real estate investment
  • Resolve the issue of document validity by the use of a blockchain-based immutability mechanism.
  • Simply ease of property ownership transfers to around 1-5mins

What does Relsify Offer?

Relsify is Africa’s first real estate tokenization platform.

It offers a secured blockchain-based marketplace for investing in high-quality, fractional, and diversified real estate assets, tokenized & issued as security tokens.

It is built on the Binance Smart Chain currently, the Relsify platform and ecosystem is powered by $RELS, her native utility token.

Relsify Token

Relsify’s primary token is $REL.

Token Information:

Name: Relsify Token (RELS)
Blockchain: BSC Total Supply: 200,000,000
Max Supply: 350,000,000
Contract Address: 0x6a2badbAdabaD1C8607Ed33BB9F5927276c79911

Tokenomics:

  • 56% TGE
  • 16% Development Fund
  • 20% Company/Team
  • 5% Advisors
  • 3% Bounty Campaign

Native Token Utility:

  • Access cheaper fees
  • Invest in properties
  • Receive rewards
  • Receive dividends
  • Host properties
  • Generate security tokens
  • Staking & lending

Pre-sale Now Ongoing:

https://www.pinksale.finance/#/launchpad/0x31b78f16e408D64017C5309aFB463d7D57c4b50b?chain=BSC

Relsify’s Whitepaper:

https://relsify.com/files/Relsify-Whitepaper.pdf

Stay Connected with Relsify:

  • Website: www.relsify.com
  • Telegram: t.me/relsify_official
  • Twitter: twitter.com/_relsify
  • Instagram: instagram.com/relsify
  • Facebook: facebook.com/officialrelsify
  • Medium: https://relsify.medium.com
  • Discord: https://discord.gg/zHvCFf4XCS

Coming Soon:

  • $RELS IDO
  • Pancakeswap Listing
  • Coin gecko Listing
  • Coinmarketcap Listing
  • Whitepaper Update (2022 Roadmap)

In the coming months, Relsify would announce more use cases for $RELS, incorporate token burns, and consider building on other scalable chains aside from BSC.

For more information, kindly visit https://relsify.com/

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