HOMT: The future of real estate

INTRODUCTION

5 min readAug 12, 2020

Most developed countries get quite a huge number of international students who come to their country just to get educated. Asides the expenses involved in getting educated, securing a good accommodation close to a student’s preferred institution is another hurdle. Presently in the world, there is an increase in the number of international students and these students spend some time finding the right accommodation. This accommodation challenge poses a serious threat to the concentration and success of students and therefore it has created a high demand for a conducive rental accommodation. HOMT LTD has decided to solve this problem by creating the world’s first hybrid rental platform using blockchain technology and it will change the face of real estate sector.

HOMT LTD

HOMT LTD is an organisation that will be employing blockchain technology to secure, develop and distribute student rental accommodation and provide other utility services to the students at an affordable cost. One major goal of HOMT LTD is to ‘tokenize’ real estate sector by ‘tokenizing’ properties into tokenized commodities in order to appropriate these properties to different kinds of people. HOMT LTD strives to be the future of real estate in the world by making properties more accessible to students at an affordable cost. There are so many challenges facing student rental accommodation or real estate sector at large. For one, leasing a property or room to someone can be very tedious due to presence of third parties that charge high for their services. Also, there is lack of liquidity in real estate sector and trust deficiency between interested parties. Traditional real estate business has never been a business where investors with ‘chicken change’ get into, it has always been for the big spenders which makes it difficult for a large amount of people to dive into let alone students with no steady income.

To make rental accommodation a less stressful procedure, HOMT LTD created an online market place where leasing accommodation becomes an easier and smoother process without the presence of third parties. The absence of third parties is as a result of smart contracts employed by Ethereum smart contracts. HOMT also makes investing in real estate a possibility for everyone through tokenization of its assets thereby leading to low investments minimum.

BENEFITS

The primary goal of HOMT student rental platform is to make rental accommodation easily accessible to students but it does not do this at the expense of other associated stakeholders ( property owners and investors). HOMT LTD is a registered property acquisition organisation but it also allows other property owners to list their properties on its marketplace to provide a variety of choices in the market. Property owners are also eligible to avail many utility services in the form of redeemable points. Subsequently, investors are not left out as they can buy HOM tokens for appreciation and at the same time buying HOM tokens also means buying into tokenized commodities on the platform. Investing in the platform

by holding HOM Tokens means when the value of property increases, subsequently causes an inherent increase in the value of tokens. Blockchain technology allows transparency of transactions and easy transferability of assets.

The Hybrid Rental Term Investments Concept

The hybrid rental investments concept is simply to make students worldwide feel at home by providing them with better accommodation and utility services in order for them not to feel nostalgic. HOMT LTD provides a 10% markdown to students that pay for accommodation with HOM tokens.

A Real-life Use Case:

Tayo is a undergraduate student from Nigeria who gained admission into a university in Europe but is faced with the challenge of looking for an accommodation close to the institution. Tayo, being a crypto enthusiast has heard of HOMT and decides to check for accommodation listed on HOMT marketplace and is close to the university. Tayo happened to see an accommodation of his choice. To enjoy a 10% markdown, Tayo decides to buy HOM token from an exchange an pays for his preferred accommodation using the HOM token he bought on his wallet. Additionally, Tayo gets to enjoy a flexible monthly payment on his rentals and also a yearly bonus for the number of tokens he decides to hold in his wallet.

TOKEN ECONOMICS

HOMT LTD is prepared to change the face of real estate in the world by using blockchain, online marketplace, AI and big data. The strength of the organisation lies in the fact that its entire business plan is already in place and backed up by a feasible concept. the platform has its own currency known as HOMT (HOME OWNERSHIP TOKENS. HOMT is issued based on Ethereum ERC-20 token standard with the contract address 0xeF7A985E4FF9B5DcCD6eDdF58577486887288711.

TOKEN NAME: HOMT

TOKEN SYMBOL: HOMT

TOKEN TYPE: ERC-20

BLOCKCHAIN: ETHEREUM

TOKEN SUPPLY: 125,000,000