INTRODUCTION
HOMT aims to provide a centralized market place for Student’s Rental Accommodation Industry, a one-stop solution using block chain, AI, Big Data and Smart contracts thereby un leasing the unexplored potential of nearly 16.23 million students.
HOMT., is a property securing, development and distribution organization offering opportunity of students rental accommodation on a central market place along with host of other utilities at the most affordable cost.
HOMT., will be the principal organization to offer a tokenized commodity for committed properties situated not only in prime downtown areas but also in the periphery & outskirt areas which are highly developed and revenue effective.
HOMT., reason for existing is to create value by utilizing expanded property possessions for Student’s Rental accommodation and high inhabitance rates along with offering rentals to international students and at the same time offering numerous utility features.
Our methodology is to develop seriously limited properties in significant European, North American & American urban communities with rising understudy lodging markets - completely renovate the advantages into present day and create an exceptionally productive income stream by devoting rentals principally to worldwide college understudies looking for premium student accommodation.
The Block chain Promises Offer:
Progressively Reliable Records Blockchains have the benefit of being strongly encoded and simple to explore. Indeed, it's these two essential properties, that make virtual currency standards like Bitcoin possible: All Bitcoin exchange involve public transaction, and that public record can't be changed.
Bringing blockchain to real estate could interrupt the massive network of third-party deed and title companies. Hence, reducing these participants would streamline the procedure for purchasers and vendors - extraordinary news for them, however not so good for organizations offering claim services.
Since blockchain innovation was initially made for Bitcoin, virtual cash that is not sponsored by any national bank or government, broad audit trails were prepared into its DNA. Accordingly, blockchains show records of who made an exchange and when, and these records can't be counterfeit. For estate transactions, this implies less chance to commit scam by proposing inaccurate records. This defends both the purchaser and dealer, especially for luxury properties that are frequently purchased in real time cash transactions.
With this innovation, public records are something in addition to a helpful element as they're principal to the idea of blockchain itself. Without a register of transactions, there can be no trust or consistency. Not every person is a devotee of open records. Some ultra-rich are fond of covering their identities in land exchanges. Witnessing each property acquisition, become a matter of public record., won't gowell with everybody.
HOW WE USE BLOCK CHAIN
This advancement will be driven largely by the digital implementation of real estate properties (also known as “tokenization”) and improved transaction processing that make it easier to record and perfect property transactions. The future of real estate is one where purchases and investments become much more liquid, much more available, and far more easily documented and managed. These changes will be driven largely by blockchain technologies. These technologies include decentralized and immutable transaction ledgers, asset tokenization, and owner entity and land title registries and, as a result, the benefits will open up markets for new investors and let a greater number of parties manage liquidity and risk much more effectively.
Smart Contracts enables trustless execution of orders and payments, helping us to eliminate intermediaries.
We use Block Chain Technology to improve solutions of accommodation process and monitor provenance.
HOMT works as decentralized seal platform where control lies with the community.
Trustless disputes resolution enabled by Smart Contract.
WHY HOMTOKEN
Students are the future of tomorrow, HOMT team constantly endeavor to improve students stay by making the living condition peaceful and cost proficient. Investor will see real appreciation in the Tokens value with increase in the tokenized property prices. HOMT is the Unique platform to assist students with finding their home in just few clicks. Investor will see real appreciation in the Tokens value with increase in the tokenized property prices. HOMT is the Unique platform to assist students with finding their home in just few clicks.
WHY INVEST IN HOMT
Ready to use marketplace
Powered by Block Chain
AI and Big Data First to market mover advantage
Seed Investment target achieved
Community Investment enabled by IEO
Most secured investment by way of tokenized commodities
THE HOME TOKEN TECHNOLOGY AND SPECIFICATION
The HOM Token is based on the Ethereum ERC20 protocol, which defines a standard interface for tokens, a technical standard and currently also a market standard. Rather, the project will exploit the ecosystem already available in Ethereum block chain, as well as its technologies for the development of turning complete smart contracts. An ERC 20 based commodity token deployed on the Ethereum network that allows users to send, receive and exchange value in a peer to peer, trustless way at reduced cost. The funding for the development of the project and the realization of the platform through which it will be possible to execute the transactions of Rental for Students and acquisition of properties across the subject markets, will take place by issuing token called HOME OWNERSHIP TOKENS (HOM TOKENS) through an integrated platform and verifiable public smart contracts.
Decentralized
Transparent
Portable Secure
HOMT . - studentsrental.net Digital Student Property Marketplace
HOMToken. will make a de-centralized marketplace in first phase for Student’s Rental by inviting existing Student Rental property owners and showcasing the properties acquired with the funds raised and the financial utilities availed and offered by High Street Banks. Over a span of 3 – 5 years a significant percentage of students occupying Student’s rental accommodation shall become citizens of the respective countries where they will be completing their studies, shall become potential buyers of properties other than Student’s Rental for their own consumption. HOMT LTD. In second phase, through a separate interface will provide opportunity to these students to buy, sell nonstudent’s rental properties. In this way, HOMT LTD. truly become “HOME” partner during study and after studies, along with so many other allied services.
Future Demand / Supply With the students using Students Rental marketplace for their rental requirements, can become future potential buyers of the property, thereby HOMT LTD can create the entire community for not only property needs but also many such allied & other opportunities in future.
The Block chain Solution
In what capacity blockchain technology will improve the business? For instance, the confirmation of title deeds. Holding title information on the blockchain would permit them to be checked and move rapidly with less opportunity for scam or fault, which might decrease protection costs. Also, it could allow funds to be moved immediately and safely around the globe, taking many issues around ascertaining trade rates and duties out of the condition, and controlling the potential for crime. As far as property management, rental installments followed on the blockchain will be completely detectable, improving the evaluating procedure and limiting the danger of mistakes. Similarly, administration charges can be auto computed, invoiced and paid. There is even the chance of setting up full agreements by means of blockchain, which are digitally authorized and whose terms are consequently established - for instance, lease installments taken, or credit repaid - by means of blockchain.
HOMToken. Custom Token Platform Making a decentralized stage where presently claimed properties can be purchased and sold through tokens, taking into consideration full deals, partial deals and renting choices in a crowd sale sell off.
Students Registration:
Apart from the web application, a mobile app shall also be developed with basic registration formalities and students shall be eligible to search and select their right accommodation only after the admission to their colleges / universities are sought and visa has been granted.
Listing of Properties – Acquired by HOMT LTD.
Here the properties as shall be acquired / constructed by HOMT LTD shall be with priority listing with lots of additional benefits and utilities provided for.
Listing of Properties – Third Party Vendors
The 3rd party property shall be invited to list their properties for which HOMT Ltd. Shall have a long-term deal at negotiated rates and with upfront payment of the contracted amount.
Purchasers Fund Campaign
Seller will offer their properties, listing, evaluation, Estate proprietor gives Proof of Identification, Property Ownership, Property Financial History, Lease Contract and essential documentation to demonstrate Ownership, Purchase Price, Financial Return Guarantees and Restrictions.
Deal Completion
If enquiring price is met inside the time limitations; Sale is Completed. Sales considerations are paid in fiat currencies and / or HOM tokens. Documents are executed and ownership is acquired by HOMT LTD.
Property Tokenization
Upon a Completed Sale, every property will be formally transferred & distributed into 0.25 USD Tokens, in view of the last accepted sale price and represented by those number of tokens of the Investors.
Custom Token Pricing
Each Custom Token will be set at an underlying cost of USD 0.25 (Conversion as on 31st March 2021).
Exchanging Tokens
Custom Tokens might be recorded and exchanged on our HOMT LTD. platform decentralized trade
Interface
A separate interface for general property shall be developed to cater to the students who in turn after completing their studies obtain permanent residency, citizenship and in need of housing accommodation for their own consumption.
Seller Registration
STUDENTS RENTAL marketplace will promote these properties to their students who have completed their studies, so students who want to purchase will have re-registration with minimum requirements & company shall facilitate the deal.
Future Goals
Broaden contributions into Personal Real Estate with the chance of venturing into Commercial Real Estate (utilizing separate online interface). Creating other opportunities for students like if they are loyal token holders then our marketplace will have different section with normal properties available which will be very competitively priced and in turn they can buy/sell their properties.
Smart Constructions and Internet of Things (IoT)
HOMT LTD. also plans to undertake construction for student’s rental accommodation if required wherein the smart construction and IoT is going to play a crucial role. The IoT is a collection of innovation and applications that prepare gadgets to create a wide range of data - and to interface those gadgets for prompt information investigation and, in a perfect world, "keen" activity. Theoretically, IoT suggests physical items having the option to use the Internet spine to convey information about their condition, position, or different characteristics. Likewise, blockchain innovation, IoT has tremendous potential in the real estate market. Measuring Device arrangement in the segment is probably going to develop at a compound yearly expansion speed of 78.8 % somewhere in the range of 2020 and 2025. These sensors and the IoT transform any item into a source of data about that item and its condition. This makes massive incentive through effectiveness, for instance, various sorts of sensors that track features, for such as, movement, pressure, light, temperature, and stream make a huge amount of information around building activities and natural environment. This leads to innovative constructing execution and improved assistance progression to occupants utilizing the inhabitant’s social information (offering types of assistance clients want, for instance "Keyless Entry" and "Entryway to Door" provision free rental for understudies). Organizations can consolidate, examine, and present experiences from the huge arrangements of information in a way that occupants or different partners can buy and enlarge their activities.
Advantages of Smart influence
Increase Your Profits 5X With the right kind of financial strategy in place, HOMT LTD will be able to exponent the yield out of every property acquisitions simultaneously harnessing the inherent capital appreciation and also appreciation in the token investments for the investors and every stake holders
Significant returns Permit Maximum Leverage
First, we need to realize how to purchase the correct properties. Our procurement technique is a key factor that makes this work. HOMT LTD. and team has in depth market knowledge to spot the same. Though, our actual benefit is in cash movement. Our Student’s Rental Properties gives better returns than expected income. Indeed, even with properties that will earn rentals to fetch the original investment to begin, and we get all the thankfulness and amortization while the property pays for itself (counting proficient administration charges).
Token Holder Advantage
Apart from the appreciation in the market price of the Token as will be listed on exchanges, Token holders shall be eligible to numerous other utility services redeemable by way of digital points allocation system linked to the Token holding Investments. Investor can also support a solo property and yet get benefits from a few thousand units as company and acquisitions grow after some time. Consolidating innovative financing skills with a Turn-key expansion strategy produces scalable production, means development can be exceptionally faster. This should reflect in predictable and huge increments in net revenue and in turn, high growth profit distributions
Token Holder Protection
The token holds the privilege to a portion of the company's benefit because the token holder doesn't hold any equity in the organization, the token holders does have any rights to dividends, no ownership entitlements, the token holder has no risk in the property. This likewise implies the token holder isn't liable for any financing costs, proficient administration costs or some other property related obligations or expenses. Along these lines, the danger of owning the token is restricted to the sum paid for the token(s)
How it Works?
Financing Investors participate in the project by buying HOM Tokens, which are block chain token with tokenized securities. There are enough early bird offers and discounts available for early investors.
Investment
If we fall short to accumulate enough subsidizing to begin, we will pay back all funds. The base sum required for the task MVP is USD 1 Million. The organization is completely enrolled and under the Organization for Economic Co-operation and Development (OECD) guideline is liable to review by EU specification bookkeeping criteria to guarantee this assurance.
Procurement
75 % of publicly supported funds will be utilized for property acquisitions, focusing on leveraging financial resources. Investors / Financial specialists will have visual confirmation of benefit of acquisitions through blockchain and utilization of resources. Top developing markets across Europe as per PwC and JLL will be selected for best returns.
Rentals
Unit rentals will begin no later than 7 months from the finish of the Funds Raised. Income will be produced from the first month of the rental
Market
The Company will utilize the Ethereum stage to help dispatch the publicly supported fund raising process and will move in the direction of posting the token on a few significant decentralized trades. The organization intends to build up a P2P commercial center notwithstanding posting on different trades.
Possession of Physical Property
When offering time frame is finished, the property acquisition will happen off the chain. The sum accumulated will be transferred to an account and will be exchanged into EUR, the local currency of the physical asset to complete real estate purchase. A solitary purpose local bank account (reserve fund account) will be created explicitly for the objective property. The sale and purchase contract will be executed with all the vital administrative work according to customary real estate transaction and the pertaining costs will be paid through backup fund account. The reserve fund will also be utilized for draw-down to pay property management expenses, trust charges and some other applicable costs caused by the property, for example, routine maintenance expenses and other minor charges. The measure of the costs will vary depending upon the property area just as charges forced by different trust organizations and property advancement organizations.
FUND Raising Structure
HOMT LTD. is raising funds for the foundation of our single model MVP, leading acquisitions, innovation improvement and extension funding. HOMT LTD is an open enrolled body with lawful duties and is subject to inspections. This will ensure the clarity of tasks and the protected care of the funds. HOM TOKEN HOM Token will be an Ethereum venture and the token will be ERC20 compatible, implying that it fulfills the guidelines to be exchanged on Ethereum blockchain. We have picked Ethereum as our essential stage since it joins huge prominence with great usefulness. We need our token to work on a simple platform that is effortless to understand and operate. Ethereum is inviting towards individuals who are new to the cryptographic money network. FinTech and PropTech in one important Token! Based on genuine property. Unique, steady and inventive blockchain product. Complete transparency at each stage. Opportunity for many utility service in advancement organization. Take favorable position of every future advancement with a single investment.
For more information visit:
Website: https://homt.net/
Whitepaper: https://homt.net/Whitepaper.pdf
Facebook: https://www.facebook.com/homtoken/
Twitter: https://twitter.com/homtoken
Medium: https://medium.com/@homtoken
Instagram: https://www.instagram.com/homtoken/
Telegram: https://t.me/homtokenofficial
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2798917
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