Evareium launches ICO to tokenize real estate investments

Blockchain-based real estate investment startup Evarei is announcing the launch of its first Evareium token sale this week, giving individual investors the chance to buy a stake in lucrative properties by owning the tokens.

Evarei says it wants to pioneer a unique spin on crowdfudning and managing real estate investments, beginning in Dubai and the Middle East. To do so, the company has created its own cryptocurrency token, which essentially allows investors to buy a share in the properties it invests and manages, and a chance to profit with any returns those investments might deliver.

“Evareium is based on proven models which consistently outperform regular property ownership – it’s a completely managed investment platform for the ‘click-in-and-click-out’ digitalized investment generation, targeting the largest asset class in the world at c.US$ 220 trillion in value and over US$ 10 trillion in economic contribution globally per year,” said Evarei’s CEO Stefan Hickmott. “Evareium’s global vision is a complete ecosystem digitalizing real estate investment and operations. With boundless potential, there’s no bigger blockchain playbook than this.”

Evareium says it’s vision is to digitally activate the inherently illiquid asset class of real estate by creating a completely digitalized ecosystem model defining a unique coalescence between technology and physical property utilization and experience – which will soon become a new paradigm.

Evareium claims to have created “a complete playbook for digitalizing the real estate asset class and the operations they host”. Evareium’s 3-token strategy is the digital tapestry upon which this rapid digitalization of property investment holding and utility can play out.

“Disrupting the global private equity real estate fund market on a large scale has always been high on our strategic agenda and this is the first step towards achieving that,” Hickmott said. “Evareium uses a compelling and innovative ecosystem model, which takes the interplay between real estate elements and stakeholders fully into the decentralized, digitalized era.”

Having already been backed by private founding investors based on earlier capital raising rounds, the project is now embarking on its full public launch to raise requisite funds and acquire assets.

The Evareium ITO is currently live, with a final EVM ITO phase scheduled to commence after the current phase. Along with the issuance of EVM tokens to investors, EVM purchasers avail free credits for a follow-on issuance of the Evareium Utility Token (“EVT”), as a significant bonus feature for subscribers. The minimum contribution is 0.1 BTC or 1.0 ETH.

About Mike Wheatley

Mike Wheatley is the senior editor at Realty Biz News. Got a real estate related news article you wish to share, contact Mike at mike@realtybiznews.com.

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