Atlant for Unites Real Estate Business in Blockchain Network ~ cryptocurency news

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https://atlant.io/

About Atlant

ATLANT Platform is building a next generation global real-estate platform based on blockchain technology. ATLANT platform seeks to help subdivide individual parcels of real estate into tokens, and subsequently PTO (Property Token Offering) and list them on exchanges. Such endeavor would ease transfer of ownership, simplify fractional holding without minimal constraints, alleviate tax inefficiencies, make cross-border transactions simple, and eliminate substantial overhead faced in certain jurisdictions due to unnecessary middlemen. Tokenizing property will allow real estate assets to be uniquely identified via a digital record that contains information regarding occupancy, physical characteristics, legal status, historical performance, and financial position.
ATLANT platform is being developed as an open source framework with respect to both rental P2P network and tokenized property of assets, which continues to operate and trade on the Ethereum network, independent of platform's contributors. ATLANT provides a clean UI, utilizing EVM contracts under the hood. Additionally, ("ATL") platform tokens may be traded on centralized digital asset exchanges as well. more details read whitepaper

ATLANT operates as a custom decentralized system, governed by the DAO family built on Ethereum. The platform is powered by its core token, abbreviated as “ATL”.

ATL tokens are essentially membership certificates in the ATLANT Platform, which give the following rights and privileges to their owners provided compliance with KYC/AML policies of ATLANT and proof of member activity confirmed by running an ATLANT node on the member’s computer:

Listing fee charged in ERC20 compliant property tokens, in all properties listed through the ATLANT Platform during their initial property token offerings. The platform enables property owners and developers to tokenize property by creating customized smart contracts and perform a token distribution to either sell property (partially or completely) or attract financing for its construction. The size of the listing fee is initially set at 7% of the underlying asset and, subsequently, determined by voting of the ATL token holders. After a successful token sale, an agreed part of the property tokens is released out of http://atlant.io 9 ATLANT escrow to ATL token holders proportionately, provided such ATL token holders are running an ATLANT node on their computers. There is no passive expectation of income solely from holding ATL tokens.
Commissions from P2P rentals are imposed on the lessor, as a small fee, once a transaction with the lessee is finalized. These commissions are distributed to the ATL token holders running an ATLANT node on their computer. The size of this fee is determined by voting of the ATL token holders.
Votes to decide various actions taken with respect to the property: platform listing decision, listing fee approval, law firm choice, management company choice (property tokenization), property for rent approval, rental fee approval.
Ability to work, and earn extra income, within the framework of ATLANT as an arbiter for conflict resolution in P2P rentals, moderated via an arbiter rating system. As a result of this work funds withheld from the escrow of the losing party are distributed to the ATL token holder who performed the arbitration.
Influence on the platform and ability to propose, vote on and aid further developments to improve the efficiency of real estate globally, as well as boost ATLANT’s global adoption and growth.

Token holders agree upon every decision taken within the platform, affecting both tokenizing property and P2P rental service, by the use of a voting mechanism. ATL token holders vote for or against the proposals created by most reputable holders, covering all activities within the platform. read How It Works

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