Blockchain technology and the industry it helped are no longer a niche market segment that used to be primarily associated with vaporware and non-substance projects. It has grown into a field that is attracting billions of dollars worth of investment and top-class talent from all over the world.
Distributed ledger technology has grown beyond a proof-of-concept and is now being implemented in many industries. Earlier in 2020, cryptopotato reported that IBM is entering into a blockchain-focused partnership aimed at the textile industry.
Another example where technology is being used is in real estate and, more specifically – divestment of ownership of real estate. One company aimed at this exact avenue is Intelli.
What is Intelli?
The Intelly platform is attempting to divest real estate ownership and allow smaller participants to enter an area that has historically been reserved for those with serious financial capabilities.
It presents a way of accessing real estate investment through innovative options. The development projects will be funded through the Intelli web platform, where users will be able to invest through the INTL token.
Once the investment process is complete, investors will receive partial non-fungible tokens (NFTs) of the said assets. If users decide to hold these tokens, they will receive a portion of the profits from the asset. Alternatively, they can also be traded on Intelly Exchange.
A portion of the revenue that is made by the Intelli Platform and Marketplace is invested in the so-called Intelli Wealth Fund (IWF). Half of the profits generated by the IWF will be distributed back to those who hold INTL in the stable USD coin currency using an airdrop function.
The team will develop relationships with international companies and developers in the real estate sector. The goal is that these companies will accept payments at INTL, allowing investors in the Intelli platform to take advantage of these opportunities. The platform itself will allow for a number of capabilities, including trading between two parties – as mentioned above.
This functionality will use smart contract infrastructure where both parties will be able to create an online contract and initiate it by implementing the actual smart contract. This process will initiate and control the token transfer.
What is INTL token?
All operations on the Intelly platform will be performed using the INTL token. There will be 1,000,000,000 INTL tokens in circulation, and they will be burnable and not mintable. The network of choice is Binance Smart Chain, where a maximum of 400 million tokens will be offered.
There will be an INTL reserve which is designed to keep the ecosystem fit and healthy. It is designed to keep investment through INTL safe. From each INTL invested in various projects available on the Intelli platform, 1% of this will be transferred to the reserve. This percentage is set to decrease as the volume increases.
The reserve will transfer any Intelli airdrop proceeds directly to the wealth fund, and should, in theory, cause it to grow. Overall, it is stated that INTL Reserve will be used as a backup in the event of any possible loss in investments made through the Intelli Platform.
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