Milcoin ICO

updated 25 December 2018

MilCoin is an Asset backed ERC20 Ethereum token developed by Cryptocurrency Engineers and will be used to acquire a large volume of Beachfront Real Estate throughout Latin America. LatAmOceanRE, Ltd.

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Status: ended
Presale: 01 Jan`19-14 Feb`19
Public sale: 15 Feb`19-14 Apr`19
Cap: 36 000 000 USD
Goal: No info
Price: 1 MIlcoin = 250.00 USD
Blockchain: Ethereum
Offering type: Security
Country: Bahamas
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For investors around the world, real estate has long been considered a source of significant, stable return. The popularity of real estate investment is undeniable given its annual worldwide transaction volume of approximately US$660 billion, a figure that is steadily rising. All in all, the total wealth stored in real estate is estimated to run into the trillions of dollars.

Unfortunately, vast amounts of capital are typically required to invest in real estate with the objective of realizing above-average return on investment – so much so that this asset class is out of reach for most individuals. Even for those investors who have the necessary capital, conventional methods of investing in real estate are fraught with inefficiency and disadvantages. Firstly, in addition to paying several middlemen for their services, the many vagaries of local regulation and taxation make it difficult for individual investors to realize reasonable returns. Secondly, real estate investments are relatively illiquid, meaning that invested capital is not easily accessible in the short term. Thirdly, the real estate business is by nature a local affair, an obstacle that many investors fail to consider. Local marketplace knowledge is essential to gain access to high-quality deal flow. Without knowledge of a given locale’s specific conditions and constraints, the potential for return on investment is severely limited while the risk skyrockets. That places investors in the dreaded position of obtaining lower returns at higher risk.

LatAmOceanRE addresses these issues by using the blockchain technology of Ethereum-based smart contracts and by applying expert industry savvy alongside specialized local knowledge. Essentially, LatAmOceanRE is a platform that enables real estate experts to use BlockChain technology developed by LatAmOceanRE for their projects by listing their property on LatAmOceanRE database, which will save time to process transactions and save money on transactions costs. The BlockChain technology incorporated into  LatAmOceanRE database of properties is, in effect, much like a tool that will help to promote sales of listed properties while providing full transparency and savings to the buyers  – with the distinct difference being that investors will receive value for their money invested into MilCoins from profits made by  LatAmOceanRE project, such as listing fees, commissions and transaction fees as well as profits from development, management and re-sale of the properties acquired by LatAmOceanRE by selling MilCoins  – asset-backed tokens to investors.