Selasa, 07 Agustus 2018

DOMINIUM

REAL ESTATE BLOCKCHAIN SOLUTION

OVERVIEW OF DOMINIUM

Dominium is a decentralised, regulated, property financing, property listing, and property management platform. It is an international platform on which regulatory documentation for property funding is standardised and assets are placed on the blockchain alongside property sales, rentals, and management.
The Dominium platform is built on an Ardor child chain. This child chain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks, and more on the blockchain. After obtaining the required regulatory licenses, this will allow companies to create regulatory compliant assets, with standardised documentation (provided by Dominium’s legal teams), which can be purchased by the Dominium account holders.
Assets created on the blockchain will be completely transparent and the asset tokens will be tradable on the Dominium platform thus making them liquid.
Dominium is underwritten by a portfolio of property assets generating an income and ensuring the future development and maintenance of the platform.
Dominium will operate two types of tokens. The child chain’s native token is called DOM, and users pay transaction fees to Dominium through that token, which makes it a utility token.
The standardised, regulatory compliant assets created on Dominium, will be the second type of tokens, as they will represent property funds, bonds, loan notes, project finance, etc. and as such are security tokens.

WHY DOMINIUM?

By placing property finance, listings, and property management on the blockchain and by providing a multi-lingual platform with standardised regulatory compliant documentation, the market is opened to multiple nationalities, affordability levels and listing agents. Real estate finance, management, and trade are thus facilitated and simplified.
Dominium offers two main platforms as services. The first platform is for investing in real estate. Investors can participate in the market with as little as one share or token, opening up real estate investment to anyone through the decentralised Asset Exchange. This will allow fully liquid peer-to-peer fund trading between investors without the need of a fund manager or third party. Obviously, all users need to be identified and whitelisted to ensure adherence to jurisdictional regulation.
The second platform offered by Dominium is a utilisation of blockchain technology for managing individual properties. Property managers, tenants, agents, and real estate professionals can record information on the blockchain. As a result, this fully decentralised information is truly transparent, impenetrable, and unchangeable by parties interested in recording information to their benefit. Full property and renter transparency, with blockchain handling the bulk of the recording work, will make every part of the property management and rental business smoother and more advanced.

HOW IT WORKS?

In order to engage in the real estate industry, Dominium must comply with basic governmental regulations. Specifically, it is necessary to comply with know-your-customer (KYC) and anti-money laundering (AML) laws.
Consequently, participators in Dominium must register with the platform in order to unlock full platform functionality.
The verification process has three clearance levels and includes the providing of:
  • Email address (CL1)
  • Mobile phone (CL1)
  • Valid ID (Passport, Photo ID, Driving license) (CL1)
  • Recent proof of address (such as utility bill or bank statement) (CL2)
  • Tax Identification Number (TIN) (CL2)
  • Bank account details in the name of the account holder (CL2)
  • Self-Certification of HNW status or Investor Type status (CL3)
Companies may also create a tokenised asset (or security) on the platform. Platform Administrators verify these companies after complying with a slightly different set of verifications, which vary somewhat by country.
Verified details will usually include:
  • Country Company details (certificate of incorporation, memorandum of articles, etc)
  • Company registration number
  • Company registered address
  • Contact person position at company
  • Contact details of company (telephone, email, address, website)
  • Contact details of the contact person

THE INITIAL TOKEN OFFERING (ITO)

Dominium does not and will not create equity tokens that represent ownership of an asset. Rather, the Company has decided to instead offer a utility token. This token is called the DOM token. DOM tokens will be used to pay for all activities on the Dominium platform, including:
  • Creation of Assets
  • Trading of Assets
  • Creation of support tickets
  • Voting for charities
  • Listing a property for sale
  • Listing a property for rent
  • Registering a rental agreement
  • Registering a purchase agreement
While fees charged on Dominium will be charged in Euro, they can only be paid in DOM tokens, thereby insuring their continual use.
  • The SOFT CAP for the ITO will be €2,500,000
  • The HARD CAP for the ITO will be €92,500,000
  • The TOTAL SUPPLY for the ITO will be 1,000,000,000 (one billion) DOM tokens

ROADMAP

Q1 2016
Blockchain technology reaches maturity required to launch a regulated platform for property financing
Financial Holding Company incorporated in the Netherlands for first Max Property Group property funds
Founders’ money used to prove financial model by buying, renovating, and renting out apartments in Rotterdam.
Q2 2016
Max Property Group website developed and translated into English, Dutch, and German
Q3 2016
Regulatory compliant prospectus for first Dutch property fund completed.
Q4 2016
Max Property Group Netherland goes live and is fully subscribed within the set time frame.
Q2 2017
Regulatory compliant documentation for Max Property Group Germany and United Kingdom completed.
Q4 2017
Max Property Group Germany and United Kingdom launched (currently raising funds)
Dominium team appointed, technology selected, and development team contracted
Q1 2018
Platform development started, website designed, and referral program created.
Private funding round closed to pay for initial platform development
Initial Financial Holding Company name changed to Dominium B.V.
YR 2018
Finalise English version of Platform, launch Dominium childchain and list DOM on exchanges
Initiate pre-ITO and ITO rounds
Purchase property in NL, DE, and UK, migrate all MPG assets to platform, finalised beta testing of all functionalities
YR 2019 – 2025
Finalise standardised regulatory documents, obtain required licenses for security asset listings, open platform to third party asset creators and property listers and expand worldwide.

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