The Platform “RET” (Real Estate Token) is created to solve the housing problem of a huge number of people. Since currently in the traditional rental market (as residential, as commercial) real estate tenants are a priori the losing side at real estate transactions. Tenants pay only for the right to use real estate within a limited time without receiving anything more in return. To change this situation, the “RET” will provide a tool for collective funding, which can be used by a large number of people.
Funds collected for ITO will be used to buy a real estate, which will then be rented, in order to income generation (rental payments) and its subsequent distribution between investors and tenants. Tenants, as participants of the “RET”, will receive part of the distribution of income. That will allow them to purchase real estate in the future. Bringing together investors and tenants, the “RET” satisfies the interests of all its participants. Providing investors with crypto token RET – liquid income-generating asset, renters receive an unprecedented opportunity to convert a part of the funds from each rental payment to RET tokens. For which they can purchase real estate or use RET tokens for other purposes.
The task of the “RET” team is to create the most decentralized and self-regulated organization with a minimum number of intermediaries. Inside the platform “RET”, all interaction processes will be defined by the participants themselves.