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Global REIT Tokens Already Accepted in Market by sunnysideupfang

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· @sunnysideupfang ·
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Global REIT Tokens Already Accepted in Market
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There are a lot of tokens out there and each of them wants to offer something to an industry. I think the success of these tokens would be amazing because it would let crypto be usable in actual life and in real businesses. The thing is most companies offering tokens are still in the process of development or just failed to get the industry to use the token. I came across one huge exception recently and that’s with Global REIT. 

Global REIT is offering tokens to make fractional ownership or investment possible in real estate. The company is a real estate investment trust (REIT). The interesting thing I noticed is that the company’s ICO has a hard cap of 20 million dollars but the first real estate investment it makes is by acquiring a hotel that is worth 75 million dollars. Huh? That’s a huge gap there right?!

<h1>Accepted Token</h1>
Global REIT is able to purchase a 75 million dollar hotel with an ICO hard cap a lot smaller than the hotel price because the company is paying for the hotel in tokens and cash. The biggest part of the payment for the hotel that Global REIT is buying will be with tokens. This means Global REIT’s tokens are in the real estate market and have already been agreed for usage in buying a major real estate. The tokens being used in the purchase are having a value of tens of millions of dollars and the tokens will then be backed by a physical thing. Most new companies struggle to close deals for even a million but these guys have managed to use their tokens for buying an entire hotel… just wow. 

This is a rare achievement by companies developing something using blockchain. This is a field where most tokens don’t gain any real usage but Global REIT has managed to settle on a huge agreement before their ICO even ends. 

<h1>Want More Information?</h1>
Website: http://www.globalreit.io/ 
Bitcointalk Thread: https://bitcointalk.org/index.php?topic=3341986 
Whitepaper: https://globalreit.io/front/whitepaper/Global-REIT.pdf 
Telegram: https://t.me/GlobalReit 
Twitter: https://twitter.com/GlobalReit01 
Facebook: https://www.facebook.com/GlobalReit-144007413076936/ 

Author: https://bitcointalk.org/index.php?action=profile;u=2127077 
Telegram: @SunnyFang 

Have a Sunny Side Up day! https://steemitimages.com/100x100/https://png.pngtree.com/element_origin_min_pic/17/09/08/f57b52e6577624e3bdc602fbccae297b.jpg
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created2018-06-14 13:07:00
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