The Konkrete Token (KKT) – an ERC-20-based token – will power the Konkrete platform and form the lifeblood of its ecosystem. Within our ecosystem, KKT will provide utility in the form of listing and transaction fees, recording of unit holder votes, AML/CTF checks and more.
KKT tokens are being given away for free to users and investors as a bonus to boost usage of the platform
Rising house prices are preventing home buyers from entering the market. On the other hand, existing owners find it difficult to access the equity in their properties. Lastly, getting into the property investment game is cost-prohibitive for most budding investors. A suitably structured fractional property fund using the Konkrete Distributed Registry can connect investors with homeowners looking to reduce their debt.
Konkrete will help property developers raise capital faster through a global network of property investors and aspiring homeowners. This reduces heavy reliance on banks and closed networks of investors. The potential liquidity for investors also encourages repeat investments in subsequent projects within a shorter interval.
Unlisted Retail REITs lack investor visibility and face higher investor acquisition costs. Lack of liquidity also results in investors not finding them as attractive as other offers. These conditions often make it more difficult and more expensive to subscribe the fund. Konkrete will make these funds visible to its global network while maintaining the security of investment offers through the use of smart contracts.
Planning an STO?
Contact us and get full information about the launch of Security Token Offering.