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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:  May 27th, 2018  177 days
END:  Sep 30th, 2018
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
Lufthansa, SAP Competition Seeks Ideas for Blockchain in Aviation
Lufthansa has partnered with software giant SAP to launch a blockchain competition seeking ideas for blockchain applications in the airline industry.>> more
Jul-23-2018 11:40:44 AM
G20 Eyes October Deadline for Crypto Anti-Money Laundering Standard
G20 member countries are looking at an October deadline for reviewing and implementing a global AML standard on cryptocurrency assets.>> more
Jul-23-2018 11:40:08 AM
Bitcoin's Price Sets Sights on $8K After Sunday Sell-off
Bitcoin continues to hold ground amid market sell-off with growing momentum to take out its next target of $8,000.>> more
Jul-23-2018 11:39:29 AM
Crypto Trading 101: Stochastic Oscillators and Price Momentum
A leading indicator, the stochastic oscillator can help inform traders of when to enter or exit a market – even in the volatile world of crypto.>> more
Jul-23-2018 11:39:05 AM
China's Crypto Millionaires Are Using Bitcoin to Buy Real Estate Abroad
Bitcoin is flowing out of China, into California mansions – and changing global real estate patterns.>> more
Jul-23-2018 11:38:14 AM
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