Elements Estates

What is Elements Estates

Elements Estates is a blockchain-based platform that offers an underlying portfolio of real estate deriving from distressed assets. The team is issuing an ECR20 ELES token that will be backed by distress real estate assets. Token holders will be able to access the list of offered properties with relative parameters. The token will also be used for various payments, such as: buying residential units owned by the Elements Estate fund, renting residential and commercial units, maintenance fees, conveyance fees and expenses.

About

Since the last economic and financial crisis, which has changed the economic and financial landscape of Europe there has been great demand for distressed assets. The Elements team was involved in a great number of the most important distressed acquisitions in South-Eastern Europe (SEE) region in the past few years in which we acted as an advisor to hedge funds from USA and Western Europe. The Elements Estates project is a new step in that area. We will set-up a private corporate fund that will purchase, develop and maintain real estate across the regions. It will be managed by an experienced team with proven track-record and governed by smart contracts on blockchain.

By using blockchain technology we are creating a platform that will enable everyone to benefit from real estate opportunities in distress market. It will act as a transactional hub between a fund and the ELES (Elements Estates) token holders themselves who will benefit through the increasing value of ELES token. Twinned with that, the ELES token will be used as payment means in every transaction related to properties owned by the Fund to ensure safety, security, and transparency. All services will be payable solely in ELES tokens that will be offered to users in the upcoming ICO event as described in this Whitepaper.

The ELES token is one of the first cryptocurrencies to combine distress real estate opportunities with blockchain technology. The ELES token is classified as an utility token since the owners will not have any ownership or shares of the corporate private fund and do not receive any dividend. However, they will be able to benefit from its use and deployment through the platform.

Project overview

1. With redevelopment of distress properties, which will help to improve communities, the environment and upgrade urban feeling and surroundings. These improvements to distressed or abandoned properties reinvigorate an area and improve the quality of life for everyone.

2. Because our properties will be derived from distress deals, we will be able to offer the real estate market and ELES community the possibility of buying or renting properties at more favorable prices compared to prices on the direct real estate market.

3. Due to the specific ELES ecosystem and the lockdown period (see more under chapter “Token management”) for each token used, we intend to accomplish idyllic environment for holders of other crypto currencies who will want to transfer a part of the assets into ELES tokens. We are creating it as a crypto-currency with a high potential for the growth of the value which nevertheless has a stable underlying base.

The platform will act as a closed ecosystem in which ELES tokens will be used as exclusive payment mean and offering all the services available to ELES token holders at favorable conditions regarding the general public and will be structured into the three main categories:

Residential. Properties which are used to house individuals and families as their main domicile

Commercial. Properties which are used by businesses to operate.

Tourism. Properties, which are maintained to allow part-time, or one time stays by individuals or families.

The platform will serve as interaction hub between ELES token holders and the fund itself. Users of the platform will be able to see the latest projects, planned acquisitions, properties available for sale and for rent. It will use blockchain technology to verify real estate transactions that will be available for participants using ELES tokens.

The fund will focus on identifying distressed assets within SEE region that can be restructured as real estate projects. Fund will strategically identify properties and acquire it at value that will be significantly lower (up to 80 percent expected) than the market price. These properties will then be finalized/renovated and evolved for following purposes: