What is Dominuim?
Dominium is a decentralised, regulated, property financing, property listing, and property management platform. It is an international platform on which regulatory documentation for property funding is standardised and assets are placed on the blockchain alongside property sales, rentals, and management. Let see Dominium Introduction from this video below.
The Dominium Platform
This platform is unique, The Dominium platform is built on an Ardor Childchainwhich evolved from the time-tested NXTblockchain. The Dominium childchain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks and more on the blockchain.
- Question : What is NXT Blockchain?
- Answer : Nxt is a blockchain platform with multiple core-level features that has been running publicly. Unlike other blockchain platforms, it is not subject to blockchain bloat because it is not dependent on computational power.
- Question : What is Ardor?
- Answer : Ardor is a blockchain-as-a-service-platform that evolved from the time-tested Nxt blockchain. It launched on January 1, 2018 after a successful year on testnet. The unique parent-child chain architecture of Ardor, with a single security chain and multiple transactional chains, offers three advantages: reducing blockchain bloat, providing multiple transactional tokens, and hosting ready-to-use interconnected blockchains called child chains.
- Question : What is Childchain?
- Answer : Child Chains is distinct blockchains created for businesses with use-specific features and applications. Child chains on the Ardor Platform will be able to use all features currently seen in Nxt such as decentralized phasing, voting, and trading.
What do you think guys? Yeah, this is will be a great and innovative project. Why? Because the Dominium platform is built on an Ardor child chain. This child chain decentralises the trade of assets and places rental agreements, purchase agreements, property management tasks, and more on the blockchain. After obtaining the required regulatory licenses, this will allow companies to create regulatory compliant assets, with standardised documentation (provided by Dominium’s legal teams), which can be purchased by the Dominium account holders.
Dominium will offers two main platforms as services, Platform for Investing (Real Estate Investing) and Platform Managing Properties (Utilisation of Blockchain). let me explain benefit for each platform.
- Plarform for Investing (Real Estate Investing)
Investors can participate in the market with as little as one share or token, opening up real estate investment to anyone through the decentralised Asset Exchange. This will allow fully liquid peer-to-peer fund trading between investors without the need of a fund manager or third party. Obviously, all users need to be identified and whitelisted to ensure adherence to jurisdictional regulation.
- Platform Managing Properties (Utilisation of Blockchain)
Property managers, tenants, agents, and real estate professionals can record information on the blockchain. As a result, this fully decentralised information is truly transparent, impenetrable, and unchangeable by parties interested in recording information to their benefit. Full property and renter transparency, with blockchain handling the bulk of the recording work, will make every part of the property management and rental business smoother and more advanced.
How it Work?
Is quite easy, with a note that you must complete all the requirements specified by Dominium Platform to get full platform funcionality. Participators in Dominium must register with the platform. The verification process has three clearance levels and includes the providing of :
- Email address (CL1)
- Mobile phone (CL1)
- Valid ID (Passport, Photo ID, Driving license) (CL1)
- Recent proof of address (such as utility bill or bank statement) (CL2)
- Tax Identification Number (TIN) (CL2)
- Bank account details in the name of the account holder (CL2)
- Self-Certification of HNW status or Investor Type status (CL3)
Not only that, the Company can also make tokenised asset / security on the platform. Later, the Platform administrator will verify these companies after meeting a slightly different set. (requirements may vary each country). Verification details are not complicated, the same as usual. The following verification details below :
- Company details (certificate of incorporation, memorandum of articles, etc)
- Company registration number
- Company registered address
- Contact person position at company
- Contact details of company (telephone, email, address, website)
- Contact details of the contact person
Dominiums will not make equity tokens that represent ownership of an asset. Instead, the company will offer utility tokens. This token is called a DOM token. DOM Tokens will be used to pay for all activities at the Dominium platform.
- Question : What is Can be Paid with DOM Token?
- Answer : DOM tokens are used to pay for all activities on the platform, such as Creation of Assets, Trading of Assets, Creation of support tickets, Voting for charities, Listing a, property for sale, Listing a property for rent, Registering a, rental agreement, Registering a purchase agreement.
ITO (Initial Token Offering)
|Basic Price||:||1 DOM = 0.25 EUR|
|Total Supply for ITO||:||1,000,000,000 DOM|
|Accepting||:||EUR, BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS|
|Min. Invest||:||100 DOM|
|Whitelist / KYC||:||YES|
Token Sale Schedule
|Phase I (Price = € 0.10)||03.09.18||Not Specified Yet|
|Phase II (Price = € 0.15)||Not Specified Yet||Not Specified Yet|
|Phase III (Price = € 0.20)||Not Specified Yet||Not Specified Yet|
|Phase IV (Price = € 0.25)||Not Specified Yet||Not Specified Yet|
For more detail of ITO, Join Dominium Group Chat on Telegram.
- Founders : 100,000,000 DOM
- Directors : 25,000,000 DOM
- Advisors : 25,000,000 DOM
- Referral Program : 40,000,000 DOM
- Airdrop : 40,000,000 DOM
- Bounty Program : 20,000,000 DOM
- Q1 : 2016
Blockchain technology reaches maturity required to launch a regulated platform for property financing.
- Q1 : 2016
Financial Holding Company incorporated in the Netherlands for first Max Property Group property funds.
- Q1 : 2016
Founders’ money used to prove financial model by buying, renovating and renting out apartments in Rotterdam.
- Q2 : 2016
Max Property Group website developed and translated into three languages (English, Dutch and German).
- Q3 : 2016
Regulatory compliant prospectus for first Dutch property fund completed.
- Q4 : 2016
Max Property Group Netherland goes live and is fully subscribed within the set time frame.
- Q2 : 2017
Regulatory compliant documentation for Max Property Group Germany and United Kingdom completed.
- Q4 : 2017
Max Property Group Germany and United Kingdom launched (currently raising funds).
- Q4 : 2017
Dominium team appointed, technology selected, and development team contracted.
- Q1 : 2018
Platform development started, website designed, and referral program created.
- Q1 : 2018
Private funding round closed to pay for initial platform development.
- Q1 : 2018
Initial Financial Holding Company name changed to Dominium B.V.
- Q2 : 2018
Finalise English version of Platform and initiate pre-ITO and ITO rounds.
- Q3 – Q4 : 2018
Purchase property in NL, DE and UK, migrate all MPG assets to platform, finalise beta-testing of all functionalities.
Finalise standardised regulatory documents, obtain required licenses and open platform to third party asset creators and property listers.
Website : https://dominium.me
Whitepaper : https://dominium.me/sites/default/files/Dominium%20White%20Paper%2020180710_0.pdf
Telegram : https://t.me/dominium_en
Bitcointalk : https://bitcointalk.org/index.php?topic=4989887.msg45009988#msg45009988
Bitcointalk Username : ibro
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2387376