Instant Asset Token (IAT) - Providing Real World Solutions Your Real Assets

For high-value transactions such as real estate, it is vital to ensure the integrity and accuracy of the records in order to prove the rightful owner of the said property. These records are used to protect the rights of the asset owner in the event of theft, frauds or dispute. In fact, some of the biggest legal cases due to frauds or dispute revolves around real estate.
Image result for Instant Assets Tokens (IAT)Other problems include the time required for the actual transfer to happen (months usually) and the integrity of the escrows being used in the process even though the escrow is meant to provide protection for the buyer and seller in the exchange.
Utilizing one of the applications of the blockchain technology called “smart contracts”, transfer of the property rights can be done swiftly when the terms between all involved parties have been agreed. The technology will also be able to provide traditional property registries with an easier and faster way of managing their records.
Despite the potential profits of the real estate market, buyers face numerous problems and limitations. Well, Here it come Instant Assets Tokens.
The IA Tokens concept aims to revolutionize the real estate industry using Blockchain technology through the development of the IAT Platform. 
Funds raised from this ICO will be used to develop the IAT blockchain and the asset management will be undertaken by our existing management company that is currently operational. 
The Platform will cater to the Philippines market first and we look to expand into other developing markets in Asia. 

PROBLEM

Despite the potential benefits of the real estate market, buyers face many problems and limitations. The IAT platform can help customers improve profits and solve the following problems.
  • Reduce transaction costs. For example, in the Philippines, the purchase and sale of real estate can take up to 24% of the total cost. The project plans to cut costs at least twice.
  • Integrity and security. A decentralized blocking ensures that all data stored in the database can not be changed or deleted. This eliminates the possibility of hacking by hackers.
  • Transparency of transfer. All information stored in the block space is transparent, which means that anyone can see all the information stored here.
  • Save time and money. The process of buying and selling housing may take several months due to document confirmation. This blockade simplifies and speeds up this process, as all the information from the parties will be stored here.
  • Restrictions on Foreign Investors Countries have been known to implement regulations to curb the growth of the real estate market by imposing restrictions on foreign purchases in an attempt to slow or stop the market from swelling or forming bubbles.
  • Take Singapore for example, the price of subsidized government housing has shot through the roof in recent years to a staggering US $ 750,000 which has led the government to apply several rounds of cooling action to curb market growth.

How does the IAT system work?

The IAT ecosystem aims to revolutionise various areas of the real estate market. As such, the IAT platform will be providing and supporting the following utilities:
  • Rental Payment
  • Partner Merchants
  • Purchase of Assets
  • Payment for Asset Management Services
  • Payment for Furnishing
  • Payment for Tax Advisory and Services
  • Payment for Legal Services
  • Payment for Agent/Broker Commission
  • Listing of Assets for Sale or Rent
  • Receiving Rental/Sale Proceeds
  • Receiving commission for Agents/Brokers

What's NIAT and why is it needed?

NIAT are ERC-20 tokens that power the IAT platform. Remember the utilities we talked about earlier on? They're all facilitated using NIAT as a currency that resides in each individual country's real estate market and will be pegged against the country's native currency.
In other words, each country will have its own NIAT that are local token equivalent of the IA Tokens. These NIAT will not be minted on its own and can only be purchased using IA Tokens. This protects users from the volatility of IA Tokens in the cryptocurrency market. 

The IAT Tokens Ecosystem

We want to create an ecosystem where token holders freely trade and interact with other token holders and as well as investors who are looking to acquire IA Tokens for their portfolio. As such, the company commits to acquire listing with various exchanges so as to facilitate the trading and liquidity of the tokens.
IAT Blockchain
The IAT blockchain is specifically designed to provide a platform for cross-border and local transactions at a reduced cost. It will be connected to multiple NIAT blockchains with each individual NIAT blockchain catering to its own locality. In this case, the IA Tokens are subjected to market volatility since it will be considered as a cryptocurrency.
NIAT Blockchain
The Native Instant Assets Tokens (NIAT) will be an internal private token that resides on the respective local NIAT blockchain that caters to each individual country. Its main advantage to the end users is that it reduces volatility drastically as it will be pegged against the local fiat currency. 
Other benefits include the following:
1. Reduce exchange losses
Holders of their respective local NIAT will be able to send it to another user as long as the intended recipient has a wallet or account residing on the same local NIAT blockchain. This feature reduces the possibility of exchange losses since cryptocurrency is deemed to be much more volatile than the local fiat currency.
2. Scalability
A key factor of any successful business model is its degree and ease of scalability. By adopting a two (2) tokens system, the platform will be highly scalable since each respective country would have their own NIAT blockchain where the local NIAT will be pegged against the local fiat currency. In other words, only a new NIAT blockchain needs to be developed and integrated into the existing IAT ecosystem when we need to expand the platform to cater to a different market.
3. Interchangeability
The IAT ecosystem will allow end users to interchange between different local NIAT blockchain or back to IAT with ease by maintaining a liquidity pool. We believe that this will encourage the use of NIAT within the IAT ecosystem as well as improve the user experience for both the merchants and consumers.
4. Minimal Costs of Usage
NIAT resides on a local blockchain so there will be minimal or no costs at all when interchanging between IAT and NIAT, and since the liquidity pool is not meant to function as a centralized exchange it will not be charging the end users any “trading fees”.

IAT Token

IAT will be issued via a Token sale with a total supply of 4,500,000,000 IA Tokens. The price of the IA Tokens will be pegged to US$0.01 per token, ETH and BTC will be accepted. Value of tokens for sale will be US$20 million (inclusive of Early Investors, Pre-sale and Crowd-sale) with distribution according to the table below.
Unsold IA Tokens (cap at 40,000,000 IA Tokens) will be given to charity organizations and remaining IA Tokens will be burned. Pre-Sale will commence in early April with the crowd sale subsequently commencing in 15 June 2018.

Token Info

Platform – Ethereum
Type – ERC20
Price in ICO – 1 IAT = 0.01 USD
Tokens for sale – 2,000,000,000
Min. investment – 0.1 ETH
Accepting – BTC, ETH, Fiat
Distributed in ICO – 44.44 %
Soft cap – 1,000,000 USD
Hard cap – 20,000,000 USD 

Roadmap

For more information about IA Tokens
Check out their website
Check out their whitepaper
Join them on Telegram
Follow them on Twitter
Follow them on Facebook 

Author by: familyforever

https://bitcointalk.org/index.php?action=profile;u=2054861


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