aassio

What is aassio

introduction

 aassio is a blockchain-based platform where people will get easy access to easily invest, hold, buy or sell real estate with other cryptocurrencies or cryptoassets.

We want to create a better life with real estate, especially for the Future Living society. A better life where people can reach their own financial success in a fair, efficient and low-cost ecosystem through access to real estate with the assistance of aassio.

The Future Living society implicates everything that handles, solves, and assists lifestyle trends with a shared economy, smart buildings, digital nomadism, self-realization, patchwork families, stronger diversity, global mobility and even time sharing - in the near future also with the infrastructure of tokenized real estate and high liquidity.

In the perspective of aassio, we want to solve 3 critical problems which prevent most people from benefiting from real estate:

The liquidity problem has always been the biggest problem of real estate. For example, you are a hard worker and have been paying a mortgage on your apartment in London for years. At some point in time there’s a big change in life, you are moving to Singapore with your family. Now you want to sell your apartment in London tomorrow, take the money, move to Singapore and use that money to buy a new home or secure a new mortgage. This is almost impossible in the currently market systems unless you are one of “the rich”. The liquidity problem prevents many people from investing in real estate or owning a home, because most people want to have enough liquid money to deal with the uncertainties in life.

Normally people can't afford to invest in real estate because it’s very capital intensive. For example, you would maybe think about buying a house with $200k, but you wouldn’t even start thinking about that with only $200 in your pocket. People need enough start capital to be welcomed in the club, that’s why real estate investment is capital intensive and not suitable for everyone, traditionally

This situation will be changed in the future because the blockchain-based Real Estate Tokenization (RET) will enable everyone to make smaller fractional investments in property, so that you can really start investing into real estate with $200 in the future. Real estate investment trusts (REITs) have been offering a solution to the capital intensive problem since 1960, and it made some progress for smaller investors who could also buy shares on an open exchange. However, due to the expensive setup of REITs, they do not solve the high transaction costs problem. In this regard, blockchains offer a feasible solution.

As more and more people have realized that the blockchain technology is not just about a decentralized data technology, but about a revolutionary system of human trust, most trustrelated problems will be solved by developing innovative applications based on the blockchain, which will also solve the above listed “high transaction costs” problem of real estate.

For example, in the current market systems if you buy real estate, say, an apartment in Berlin Germany, based on the price of the apartment, you need to pay up to 15% based on the apartment price for notary lawyers, land registry, tax and brokers.

These transaction costs will occur every time property is bought, sold, or there is a change in ownership. If you think about that carefully, for the high costs you are paying, it’s actually only paperwork or third-parties or tax which have very limited (or no) added value except for the trust issue. Now if we use blockchain to fix the trust problem, we certainly could get rid of most of the high transactions costs.

Vision & mission

We want to create a better life with real estate. We believe that the blockchain and token economy will fundamentally change the operations of the real estate sector. It will make real estate investments possible and accessible for a broader section of society and introduce transparency and efficiency to the industry.

We also believe that one day, people will live a better life with their own financial success in a fair, efficient and low-cost system by getting access to real estate

The mission of aassio is to assist as many people as possible to get ultimate access to real estate; to help people benefit from real estate investments and reach their own financial success; to build the technological, financial and physical fundamentals as infrastructure to enable innovations of the Future Living era within a creative, healthy, efficient and sustainable ecosystem.