Blockchain technology and the industry it has aided is no longer a niche market segment that was primarily associated with vaporware and non-substantive projects. It has become a field that attracts billions of investments and top talent worldwide.
Distributed ledger technology has gone beyond a proof of concept and is now applied in many industries. Earlier in 2020, CryptoPotato reported that IBM is starting a blockchain-focused partnership aimed at the apparel industry.
Another example where technology is used is real estate and, more specifically, real estate ownership splitting. One company that is aiming for this exact avenue is Intelly.
What is Intelly?
The Intelly platform attempts to split real estate ownership and allow smaller participants to enter a realm historically reserved for those with serious financial capabilities.
It presents a way to access real estate investments through some rather innovative options. Development projects will be funded through the web-based Intelly platform, where users can invest through the INTL token.
Upon completion of the investment process, those who have invested will receive Fractionated Non-Fungible Tokens (NFTs) of said asset. If users decide to hold these tokens, they will receive a share of the profits generated by the assets. Alternatively, they can also be traded on Intelly Exchange.
Part of the revenue generated by the Intelly platform and the market is invested in the so-called Intelly Wealth Fund (IWF). Half of the profits generated by the IWF will be redistributed to those who hold INTL in USD stablecoin using an airdrop feature.
The team will develop relationships with international real estate companies and developers. The goal is for these companies to accept payments in INTL, which will allow investors on the Intelly platform to take advantage of these opportunities. The platform itself will allow for multiple capabilities, which include trading between two parties – as mentioned above.
This feature will use a smart contract infrastructure where both parties can prepare an agreement online and initiate it by deploying the actual smart contract. This process will start the token transfer and also control it.
What is the INTL token?
All operations on the Intelly platform will take place using the INTL token. There will be 1,000,000,000 INTL tokens in circulation, and they will be burnable and not cashable. The network of choice is the Binance Smart Chain, where the maximum tokens that will be offered are 400 million.
There will be an INTL reserve that will be created to maintain the proper and healthy ecosystem. It was created to secure investments through INTL. From each INTL invested in various projects available on the Intelly platform, 1% of it will be transferred to the reserve. This percentage is set to decrease as the volume increases.
The Reserve will transfer any Intelly Airdrop income directly to the Wealth Fund, which should, in theory, make it grow. All in all, the said INTL reserve will be used as a backup in case of possible loss of investment through the Intelly platform.
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