How Can Überstate Inc. Help the Real Estate Market?
Blockchain disruptive tendency is as clear as day. As such, considering blockchain’s ability to disrupt financial activities and its subsequent adoption across several industries globally, it is difficult to see any sector that this innovation hasn’t impacted. Cryptocurrencies and other decentralized digital assets have a significant impact on remittances, foreign exchange, payments, and more. Even food chain supply industries, stations, and venture capital can all experience its influence.
Of course, the real estate industry hasn’t escaped this disruption. Looking back to a few years back, transacting highly valued assets like real estate mainly via digital channels has never been the order of the day. Usually, most investors and other relevant real estate stakeholders prefer to meet face-to-face when engaging with other entities. However, Blockchain has completely transformed the way this multi-trillion dollar industry operates.
Today, we can see multiple platforms taking a step towards revolutionizing and transforming the real estate sector. They allow you to tokenize assets like real estate and trade them just like cryptocurrencies, such as ether and bitcoin. In this article, we discuss how Überstate Inc., arguably the best of these innovations, seeks to help transform the real estate market.
Überstate Inc. Overview
Überstate Inc., the shortened form of Uber Real Estate, is primarily a decentralized investment platform on the blockchain, which developed the first scalable decentralized currency for the lease, purchase, or sale of real estate assets globally. The platform features multiple exciting internal products that appeal to a vast range of intents in real estate. It penetrated the cryptographic market with its token, $RIT 2.0, which is the Real Estate Investment Token. Besides all its practical functionalities, it appeals to the interests of owners, tenants, investors, and every other relevant party in real estate.
About RIT 2.0 token
RIT 2.0 is a digital currency on the Ethereum blockchain. When you do work with RIT 2.0 through Überstate Inc. you’ll have a number of additional features and functions. That’s because this currency provides rates of capitalization with staking that would normally not be available to those at lower levels of investment ability. In general, those investors who had a large amount of capital or those who were willing to take on large amounts of leverage and default risk in exchange for downstream risk would be able to take on the same rates. But with RIT 2.0 that’s no longer the case and more people are open and able to invest.
More specific, RIT 2.0 is a layered blockchain solution for asset management in real estate and uses real estate payment networks and advanced payment processing involving digital currency and proof of work algorithms.
With RIT 2.0 token, you’ll be able to convert equity in any properties that you own over to a real-time, passive income. That happens through Bitcoin and it allows you to increase return on investment. But at the same time, you don’t have to worry so much about things like market risk, economic downturn, and even vacancy of your property. You’re going to have a range of different benefits and opportunities that you wouldn’t be able to get if you were going through the process in any other way. But with cryptocurrency, you’re setting yourself up for even more benefits.
Recent Developments
Überstate’s RIT 2.0 recently got listed on Bitmart exchange, and that is an indication of good times ahead for Überstate. Furthermore, an application is in the works to help people perform seamless transactions while on the move, and thus providing users with a fintech solution that meets their daily spending needs.
Überstate Inc. is currently working on listing a binance smart token LP on PancakeSwap for cross-chain liquidity to Binance. It means that Rit 2.0 will be sent over to Binance which would potentially result in 100x leverage on the liquidity of the token to support price.
Überstate now offers a custody platform with institutional staking partnerships with hedge fund strategies like Note LP and relationships like Block daemon that allow world class rewards in many major crypto currencies.
Überstate Inc. in the Real Estate Sector
Over the years of its development and launch, Überstate has managed to establish a thriving blockchain economy where it offers real estate opportunities to any buyer who intends to enjoy the benefits of holding digital assets while investing it in a cash-generating opportunity that will profit them in the long term.
We’ve seen the emergence of several significant token economies in the market. Some of them use Ethereum as loan security. Similarly, RIT2.0 enables buyers on the platforms to buy security tokens, which serve as shares of limited partnership on the real estate blockchain. It is worth mentioning that Überstate also has partnered with several reputable firms to scale their activities, further ensure transparency, make the real estate ecosystem more decentralized while meeting compliances in over 162 countries internationally.
In essence, Überstate has successfully created a decentralized marketplace for owners, tenants, real estate, and investors, where they can lease, sell, or buy properties using the native RIT2.0 token. To further make the real estate ecosystem even more attractive to more people, this platform promises to establish a platform that will manage every property using the native token in each country and simultaneously featuring sets of bots that are ever willing to help every relevant party in the property business. This act will further facilitate the works of the tenants, sellers, and buyers in the real estate industry.
Leveraging the public Ethereum blockchain, Überstate tokenizes and monetizes real estate on a large scale and makes the investment more flexible and transparent through blockchain. Evidently, in doing so, it has established a thriving economy that is built on tenets that scream longevity and profitability!
www.uberstate.io
