Last Update
Aug 28, 2018
The project opens up a fundamentally new opportunity for tokenization of mortgage, which annual issue volume is estimated at $ 4 trillion. It allows real estate owners to get a stable digital asset – Mortgage Unit (MU) by mortgaging their property.
Mortgage Unit certifies an equal scope of claims on real estate in the mortgage fund, what dramatically increases its liquidity.
Mortgage Unit is analogue of mortgage-backed security.
We have passed a proof-of-concept stage and carried out the world's first test issue of MU tokens, secured by a real mortgage claim.
Mortgage agreement passes the state registration - State Real Estate Cadastre in Russia or its foreign counterpart, what therefore creates a legal nexus between the token and the real estate unit. Then this data is transferred to a smart contract.
Blockchain allows to check the data on mortgaged objects at any time and to make certain of a mortgage securing.
We have put an emphasis on elaboration and legal ground of tokens emission and circulation terms to address possible risks that emerge due to the latest development of ICO and cryptocurrency regulation.
Draft documents that will regulate the project implementation and issue of mortgage tokens are already worked out and adapted to Russian legislation.
The release of the project token (BQT) is provided for the purposes of collective issuance management, product development management and assessment of team members contributions. The project token BQT is a tool for using the system which capabilities are being expanded during the development of the project.
December 2016 — June 2017
July 2017
July - September 2017
October 2017 — February 2018
January 2018
February 2018
2018
2018
2018
2019
2019 — 2022
Verified 50%
Attention. There is a risk that unverified members are not actually members of the team
Verified 20%
Attention. There is a risk that unverified members are not actually members of the team
This offer is based on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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