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Ratings Alt.Estate

ERC-20 For Real Estate

Alt.Estate is a financial technology company offering the protocol for real estate tokenization and the platform for buying and trading tokenized property assets in fractions. Using the blockchain technology to disrupt the $217 trillion real estate market, Alt.Estate has a strong potential to become an industry standard for the blockchain-based real estate transactions. A powerful technology stack, a go-to-market strategy with 10x leverage, a working prototype with three already tokenized apartments in key geographies (USA, EU, Japan), and sound community support all position Alt.Estate as a win-win solution for real estate developers and investors. Created by a highly professional team with a background in IT, investment and marketing, who had $400 million worth of real estate deals last year, Alt.Estate benefits from the advisory board with worldwide expertise and transactions in real estate worth more than $3 billion.

4.1
21 expert ratings
3.9
4.2
4.2
3.8
View rating distribution
~$4,593,121
value of tokens sold in ICO
Ended
Token
ALT Token
Price in preICO
1 ALT = 0.00001 ETH
Price in ICO
0.0042 USD
Whitelist/KYC
KYC & Whitelist
Restricted areas
USA
preICO start
17th Apr 2018
preICO end
29th May 2018
ICO start
30th May 2018
ICO end
31st Jul 2018
More on ICO
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Ratings

Vladimir Nikitin
ADVISOR | CONSULTANT | EXCHANGES Listing
Rated on Apr 19, 2018
4
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Tinh Tran
ICO Advisor | ICO Communications Expert
Rated on Jun 11, 2018
Modified on Jun 11, 2018
4
4
3
6%

Good to tokenize this industry but have you ever thought of making this unique and different from previous projects like RentBerry or so? If not, it is a big concern for investors.

It is not a new concept in a highly competitive market which requires a strong team to make it a success.

Agree
-2
-2Disagree
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Dmitry Pshenin
CBDO LATOKEN exchange| Cryptoinvestor | Advisor | Listing | Networker
Rated on Apr 10, 2018
5
5
5
6%

The first team who solves the problem of tokenization of real estate on the blockchain.

+1Agree
+1
Disagree
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Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Apr 12, 2018
5
5
4
6%

Nice Vision .... Great team and Advisory board . Will be waiting when team will be passed on KYC.

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0
-1Disagree
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Paul Mears
ICO investor, cryto trader
Rated on Apr 12, 2018
5
5
5
6%

I like this one and a very good and experienced team. Be interested to learn more about estate in countries where there is a need for a local to hold 51% or so and also some of the tax implications of offshore ownership. Overall i like it though, key team need to do KYC

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-1
-1Disagree
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Ilya Anikin
Business strategy, investment deals, investor relations
Rated on Apr 3, 2018
4
3
2
6%

Another attempt to tokenize real estate, which in fact is just a form of issuing bonds for the purchase of a real estate, which will be chosen by the management company with almost no control over the quality of the object and its price ...

A very dangerous scheme for an investor ...

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Vladimir ShmidtICO team member replied on 6 Apr 2018
Hi Ilya!

Thanks for your opinion regarding Alt.Estate!

We believe that our approach to the idea of property tokenization is the most viable among all other options. We did deep research of the competitive landscape, you can see summary here:
https://docs.google.com/document/d/1Z56vh_Vu30KWhTkEfUkPvbupHZoi0Ks1qQEy2MhUhyQ/edit?usp=sharing

The property that will be listed on the Alt.Estate platform will go through due diligence procedures and professional appraisal process. We expect that institutional investors will account for more than 30% of funds raised for real estate investment (for example, according to this report http://www.ipf.org.uk/resourceLibrary/real-estate-crowdfunding-gimmick-or-game-changer-november-2016-report.html share of institutions in this industry varies from 25% in the UK to 73% in the USA) which means that quality control and track record are of the utmost importance for successful crowdfunding.

Regarding legal structuring of ownership on the first stage, we intend to use existing crowdfunding and real estate securitization models – primarily nominee trust scheme.

Example of such structure: crowdfunding for acquisition of the real property -> transfer of legal title to real property to SPV -> issuance of shares by such SPV -> entering into a nominee agreement with token holder, where the legal owner of shares (Alt.Estate) will hold such shares for the economic benefit of token holders.

Transfer of token from Alt.Estate to a token holder will constitute the proof of the conclusion of a nominee agreement. In the same way transfer of token from one token holder to another will prove conclusion of SPA or novation agreement between token holders. Acceptance by conduct is possible in most legal systems.

On the second stage, when the blockchain technology will be integrated into corporative legislation, tokens will represent the shares itself. This will allow replacing the contractual beneficial structure with corporate. For example, keeping the shareholders register on blockchain is already allowed in Delaware, USA.

On the third stage, when the blockchain technology will be integrated into real estate registration legislation, Alt.Estate will be able to completely integrate with state real estate registries. The progress is even here. Blockchain real estate transactions have been made in Vermont and Ukraine. Sweden is on the way to launch its real estate registry. UAE, Georgia, Russia consider the possibility to launch their real estate registries.

Thanks again for your comment, please follow us on these social media to be among the first to know the latest news about Alt.Estate platform:
https://facebook.com/alt.estate
https://twitter.com/alt_estate
https://medium.com/@alt.estate
https://www.linkedin.com/company/altestate/
Mohit Tater
Blockchain & ICO Advisor, Investor, Serial Entrepreneur
Rated on Jun 25, 2018
4
3
3
6%

Lot of teams and companies working on similar ideas. It is to be seen who can tokenize real estate first and in the best way possible. It's a highly competitive market and I don't see any USP to make them stand apart. All the best!

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0
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Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Apr 11, 2018
5
5
5
6%

The tokenization of real estate is coming. I like the idea and the concept of tokenizing and trading real estate on the blockchain. Execution will be key. They have a strong team of advisors from the likes of Kushman and Wakefield which is a plus. I will follow the project closely to see how it progresses.

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0
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Graham Doggart
Blockchain Advisor and ICO Growth Consultant. Founder at Dynamic Abundance Advisory
Rated on May 4, 2018
4
4
4
5%

Lots of real estate projects like these. Some will succeed, as long as they are not a way of selling non-viable off plan projects that could get finance traditionally. This one looks better than a lot of them.

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0
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Paul Cliffe
ICO advisor|Crypto-asset and ICO investor| Libertarian|CEO of Block Venture Project
Rated on Jul 22, 2018
4
3
5
5%

Team - some good advisors, a little light on relevant experience in the core team. I worry about the lack of international legal advice available to the team. Real estate can be a minefield in certain jurisdictions and local knowledge is therefore paramount for everywhere the project will look to tokenise properties. A link up with an international law firm with a real estate bias would be a good move.

Vision - not an original concept, there are some projects trying to achieve the same objective. ICO raise distribution is covered, no real info in how the business will develop, and there are a lot of risks that the team seem to be aware of without making suitable provisions for. If the contracts are not deemed legal in certain jurisdictions, but a property has already been tokenised, where will the loss be made up? Again, my worries about legal knowledge for property acquisition and management come to the fore. Clarification regarding the decision making team is also needed - there are potentially useful advisors, but will they decide on which properties are added to the platform?

Product - MVP already running, looks good.

I like the concept for this project, and I think whichever project makes a success of real estate tokenisation will change the world and become a golden parachute for the core team when bought out by a big international real estate agency. But I just don't see how, with such low yields after charges twinned with both the opportunity cost of not investing in other tokens and the very real risks in tokenising real assets (strict adherence to securities laws per jurisdiction, strength of legal agreements on tokenised real estate etc) any real estate tokenisation projects are a worthwhile investment. That's my opinion however.

Good luck to the team and hopefully, with a few more legal advisors, you can make a real success of the project.

+1Agree
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Purushotham Maralappa
ICO Adviser |Blockchain Community Manager | Business Analyst
Rated on Apr 10, 2018
4
5
4
3%
This rating's weight is reduced by 50% as there is no review added.
Christopher Zenios
COO | CMO | Speaker | Blockchain | ICO Specialist | Consultant | Advisor | Writer | Project Developer| Investor
Rated on Apr 11, 2018
4
5
4
2%
This rating's weight is reduced by 50% as there is no review added.
Stephan De Haes
ICO Advisor, Community leader and COO/Co-founder Krypt.ly
Rated on Apr 12, 2018
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Andrey Zolin
ICO Advisor | CTO | Smart contract RD
Rated on Apr 11, 2018
5
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Luke Szkudlarek
Growth Hacking ICOs from the heart of Crypto Valley
Rated on Apr 17, 2018
2
4
3
4%

Nice vision and blockchain application, but the team lacks experience in real estate and financial structures.

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0
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Vladimir ShmidtICO team member replied on 19 Apr 2018
Hi Luke!

Thanks for your opinion regarding Alt.Estate!

The Alt.Estate team, with $400m worth of real estate deals in 2016 includes professionals with a strong background in investments, finance, marketing, and operations. We have advisors with worldwide expertise and transactions in real estate worth more than $3bn.

Every team member has a public LinkedIn profile. Also, we are always open to direct communication. If you need some additional information to confirm our credentials, feel free to contact me.

Regarding our product, we have recently launched the Alt.Estate Platform MVP: https://account.alt.estate. Please check out our tokenized locations in the USA, Japan, and the EU. We'll be happy to hear your feedback.

Thanks again for your comment, please follow us on these social media to be among the first to know the latest news about Alt.Estate:
Facebook https://facebook.com/alt.estate
Twitter https://twitter.com/alt_estate
Medium https://medium.com/@alt.estate
Linkedin https://www.linkedin.com/company/altestate/
Reddit https://www.reddit.com/r/Alt_Estate/
YouTube https://goo.gl/FvQiJV
Arturas Svirskis
Listing tokens to 50+ exchangers, Market Making services, ICO and STO advisory
Rated on Apr 14, 2018
4
4
4
2%
This rating's weight is reduced by 50% as there is no review added.
Artem Kharchenko
Advisor, IT entrepreneur, information security expert.
Rated on Apr 17, 2018
5
5
4
4%

Interesting project, right tokenization and a good team. Let's see what will come out of it.

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Pavel Stukolov
CEO at TokenStars, the first celebrity management platform on the blockchain
Rated on Jun 25, 2018
5
5
5
4%

Looks like a promising project, well-elaborated, and so does its documentation, which is very important. MVP is available. Social media channels are quite crowded. So it is no surprise they quickly reached the soft cap. Looking forward to the next good news. Good luck.

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0
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Suraj Tiwari
ICO ADVISOR CONSULTING EXCHANGES Listing SMART CONTRACT TOKEN CODE
Rated on Jun 30, 2018
5
4
3
3%

Team : Team is strong with good experience.

Vision : lot of icos on real estate but this looks better.

Product : No prototype on website hence scoring low.



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0
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Zi Shuen Wong
President of Nanyang Blockchain Association | Founder of MR ICO | ICO Researcher and Analyst
Rated on Jul 13, 2018
Modified on Jul 13, 2018
1
2
1
3%

Good:
• Nil

Bad:
• Webiste focus on ICO instead of the project itself, obviously a money-grab ICO
• Advertise heavily on website using the scores from various ICO rating sites.
• The team... no comment
• No hype AT ALL
• Backed by 2 unknown investors?
• Yet another real estate ICO. All previous real estate ICOs have failed terribly and I don't see how Alt.Estate will be able to succeed.

Verdict:
• Passed

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0
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Phillip Nunn
Entrepreneur | CEO | ICO Advisor | Cryptocurrency Evangelist | Global Speaker | Blockchain Influencer
Rated on Apr 23, 2018
3
4
4
1%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
3.9
14%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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ICO KYC Report
2 members invited
Vladimir Shmidt
Passed
Alexander Popov
Passed
KYC procedure verifies selected/specific team members only. It does not guarantee ICO success nor is a call for investment.
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