Rego: Powering the Next-Gen Real Estate Platform using Blockchain
Recently, my uncle had moved to a new city in India and was searching for an accommodation. Like any normal person, he too looked up various property websites and searched for the appropriate ones based on his needs.
But little did he know the trouble that was waiting for him.
Some of the listings which were present on the website were already sold or let out to someone else. The website did not update these listings.
Some of the listings, when he went to visit personally, did not have the proper facilities as mentioned in the description.
And some of the listings were totally fraud, and the phone numbers were incorrect too in some.
All these created a lot of frustration in his mind.
And he's not alone.
There are thousands of such people across the world who face these issues.
Introducing rego, a totally new real estate platform that understands and identifies these challenges and overcomes them for a better tomorrow.
What is Rego?
Rego aims to build the next generation real estate platform using the powers of blockchain to revolutionize the process of property trading.
The platform will allow customers across the globe to buy and sell property securely in the blink of an eye using cryptocurrencies.
Blockchain ensures the transparency of the entire process and immutability of data. This, in turn, will provide unmatched security and reduce the chances of encountering a scammer or a fraudster, which is quite common in today's world.
But this is not the main advantage that Rego enjoys over most property trading platforms. The main USP of Rego is its cost-effectiveness.
Since no middlemen are involved, the cost goes down drastically.
All in all, Rego truly transforms the real estate industry and changes the way property is bought and sold across the world.
How does it work?
How does Rego turn out to be so cost-effective? Well, let's find out.
Suppose, I go to the market to buy flowers. Now, if I buy directly from the garden, the gardener will sell me the flower at Rs. 5/piece.
But if I buy the same from a florist, he will buy the flower from the gardener first at Rs. 5/piece, and then keep some profits for himself, and then sell it to me at say, Rs. 10/piece.
Obviously, more the number of middlemen, higher is the price.
The same is applicable for real estate as well.
If brokers are involved, the cost of property rises as they keep some amount for themselves as a profit. Also, banks charge tremendous amounts for large amount transactions too.
All in all, it results in a huge increase in property price.
Rego does away with all this and sells property directly on their platform without involving any middlemen. Further, the payment is done via cryptocurrencies without the need of any bank, thus doing away with the transaction fees as well.
For this reason, Rego is so cost-effective.
About ICO
The REGO token is the altcoin of the Rego platform.
The total number of generated tokens is 55,000,000.
The tokens will be sold in 2 phases :
- Private Sale: May 14 - June 14
- Public Sale: June 15 - July 31
The project's price will be revealed one hour prior to the sale commencement.
The project is hard capped at 20,000 ETH.
Verdict
Buying and selling property is one of the most difficult tasks in today's world. The main reasons are incorrect listings, websites keeping expired listing as an active one, and fraud listings that do not exist at all.
All this add to the frustration in the minds of thousands of customers who frequently change locations due to their job or some other reason.
Rego identified these problems and came up with a wonderful solution.
The Rego platform allows customers and investors across the globe to buy and sell real estate property in the blink of an eye using various cryptocurrencies. This does away with the need of middlemen and also reduces the cost of properties drastically, thereby providing the best value for money to all the customers. On top of this, Rego provides unmatched security and transparency, something which lacks greatly in today's world.
All in all, Rego is a complete package and truly, it changes the face of the real estate industry, for the better!
Website: https://regotoken.io/
Whitepaper: https://regotoken.io/wp-content/uploads/2018/05/15-May-Rego.pdf
Blog by ollivander7
Profile: https://bitcointalk.org/index.php?action=profile;u=1069616
Wallet Address: 0x5B62e0dfE5F50Be05815e0Add01a2B75c58e0837