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Cryptectum Details, Review

Description: The business of Cryptectum is relatively straightforward: Cryptectum collects funds through Crowdfounding to buy and rent real estate in Switzerland. JOIN

  
 
GOAL: $1,000,000.00 USD
PROGRESS:
50.00%
PRICE in ICO:  1 TECTUM = 1 USD
PLATFORM: ETHEREUM
START:  Jan 27th, 2019  113 days
END:  Mar 30th, 2019
Witepaper: YES (view pdf)
Bonus:  5% | KYC: NO | Whitelist: NO
Country: SZ | Restricted area:
Payment Accept via: ethereum ethereum |
Cryptectum Status & News:   twitter |   facebook |   github |   bitcointalk |   Website |
Program Description

About Cryptectum

The business of Cryptectum is relatively straightforward: Cryptectum collects funds through Crowdfounding to buy and rent real estate in Switzerland. The rental income is distributed to investors. Due to low mortgage rates in Switzerland, 50% of the real estate is financed with mortgages. The cryptectum will be established as a stock corporation under Swiss law. The special thing about Cryptectum is the collection of funds through Crowdfunding. The administration of the shares is to be carried out using blockchain technology. In other words, participants purchase tokens. With the help of these tokens, the profits are distributed and sale of the shares is made possible. The token name is «Tectum». The ethereum blockchain is chosen as it allows «smart contracts». The ethereum blockchain is the most common blockchain with smart contracts, so there are many possibilities to set up a «wallet». Even without downloading the complete blockchain, a wallet can be created via Metamask or MyEtherWallet which can accept any altcoin based on Ethereum.

The Cryptectum uses blockchain technology to refine a highly proven investment strategy in Switzerland - the investment in real estate. Rental of real estate in Switzerland has been an extremely lucrative investment with up to 8% return per annum for a very long time without interruption. Unfortunately, the minimum investment amounts required to buy a property are very high, as, for example, 3-room apartments in a city already cost over one million Swiss francs. This is where the Cryptectum comes in and, with the help of blockchain technology, allows small investors to profit from the rental of real estate.

Via crowdfunding the Cryptectum collects funds, acquires a property and rents them. Blockchain technology in turn helps to distribute rental income to investors in the simplest and most cost-effective way. In addition, the Cryptectum maintains the acquired property, which is a big plus for the investor, since he does not have to worry about it.

However, an investor would also like to have a say in what property the Cryptectum acquires or whether the capital of the Cryptectum should be increased. The Cryptectum has integrated so-called proposals into the Smart Contract. The investor thus has the opportunity to vote on the acquisition of real estate or increase in liquidity




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LATEST ICOs NEWS
Telecoms Giant NTT’s Thai Unit Plans to Launch Blockchain, AI, IOT Innovation Lab
Telecoms giant NTT Corporation’s Thai subsidiary plans to launch a major innovation lab focused on blockchain, artificial intelligence >> more
Apr-24-2019 10:54:28 AM
Blockchain-for-Land: What We Are Getting Wrong and How to Fix It
Tim Robustelli is a Program Associate with the Future of Property Rights Program at New America, a think tank based in Washington >> more
Apr-24-2019 10:54:07 AM
Unconfirmed: Disney Considers $13.2 Billion Equity Deal With Stake in Korbit, Bitstamp
Two major cryptocurrency exchanges could soon have Walt Disney Corp. as their owner if a $13 billion equity deal goes through >> more
Apr-24-2019 10:53:46 AM
Lightning Labs Launches Lightning Network Client for Main Bitcoin Network
Blockchain development company Lightning Labs announced that it released the first alpha version of its Lightning Network >> more
Apr-24-2019 10:53:23 AM
Report: Samsung Planning New Blockchain Mainnet Featuring Samsung Coin
South Korean electronics giant Samsung may end up developing a public-private blockchain complete with its own cryptocurrency >> more
Apr-24-2019 10:53:03 AM
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