Will 50 Million Euros Give eLocations New Rank as “the Trivago of Commercial Real Estate?”
One of the latest developments in mobile payments technology, cryptocurrency, has brought a lot of new value with it. It’s facilitating purchases, providing a new angle for investment and speculation, and more besides. Now, it may be ready to give an upstart firm a leg up to the top slot when it comes to commercial real estate, as demonstrated by eLocations and its new pre-sale.
The target value for the initial coin offering (ICO) of the eLocations token is 50 million Euros, which should give eLocations plenty of value to work with and get it a long way toward its goal of becoming the leader in the commercial real estate space. The eLOCations coin, the first of what may be more from PropTech Security Tokens, is posed to provide holders with a dividend of up to 20 percent a year, a yield of around four percent. What’s more, those who buy in on eLOCations Coin now will be able to exchange it into the LCN Utility (Payment) Token, and get a bonus of 20 percent besides.
The funds collected, according to an “explainer video”, will provide the necessary resources to allow for IT development, data addition and lean, growth-targeted marketing are also slated to come to the operation, backed up by the capital provided.
Such a move could actually change the real estate market; the ability to automatically cover and extend leases-which such a system would provide thanks to the cryptocurrency component involved-would make the whole process of real estate finding and covering much simpler overall. If eLocations can simplify real estate acquisition and management in such a fashion-and there’s nothing so far to suggest that’s anything other than possible-the end result would not only be a powerful new tool in real estate, but one that a lot of shoppers, and property holders, would turn to. It would be an effective competitive edge in a market that’s already glutted with real estate agents, and one that threatens to leave the entire market behind or force it to adapt.
In the end, eLocations really may be on to something here. Simplifying anything tends to make it attractive to potential customers. The investment value of the coin only helps matters.