CPROP

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CPROP
CPROP logo
CPROP ICO Review
CPROP ICO
Ticker: CPROP
ICO start: 0000-00-00 00:00:00
ICO end: 0000-00-00 00:00:00
Price: 1 CPROP = 1.00 USD
Bonus: 1
Tokens: 46,000,000 CPROP
Hardcap: 15,000,000 USD
Softcap: 2,000,000 USD
Platform: Ethereum
Distributed: 80%
Accepting: ETH

The real estate industry is poised for a technological leap forward that will deliver immense value to key stakeholders – buyers, sellers, mortgage lenders and government registries. There is huge scope for increased efficiencies because the basic steps for concluding any real estate transaction are repetitive, documentation is standardized, the closing process which runs on hard copy documents is antiquated, and the number of parties involved in any transaction is vast.

Description[edit]

Due to inherent inefficiencies in today’s transactional real estate, transaction costs can reach 10% or more of the total transaction value and the time required to complete the process can be very long, even excluding the time required to agree on a transfer price. And due to the large sums of money involved, the potential financial downside associated with a flawed process, including post-closing property registration and mortgage documentation, is huge.
These pain points are especially evident in cross border transactions which can suffer from a lack of standardization, lack of transparency, mounds of paperwork, risk of fraud, errors in public records, and a host of logistical challenges associated with getting buyers and sellers together.
PROLONGED TIME TO CLOSE
When all parties are unable to see where the various bits and pieces of a transaction stand at any point in time, communications are inefficient and critical path items can go unnoticed resulting in unnecessary delays
PROXIMITY CHALLENGES
The buyer and seller may need to be in the same physical location to sign hard copies of closing documents creating potential logistical challenges and added cost for long-distance transactions
UNTRUSTED SERVICE PROVIDERS
Buyers acquiring property long-distance need to find local service providers in whom they can trust to competently represent their interests
PAPER PROCESSING
The reliance on hard copies leads to risk of documentation errors and a more time consuming, cumbersome and expensive closing process
LIMITED PROPERTY PORTAL REACH
The services provided by existing property portals are generally confined to providing listings and their market reach is limited to the extent they are not integrated with property portals in other geographies
CURRENCY
The buyer may experience difficulty accessing and paying the purchase price in the seller’s currency of choice, or may wish to pay with crypto currency
RISK OF DEFECTS
A variety of documentation-related defects can invade a real estate transaction, whether introduced through malfeasance (i.e. fraud, tampering and corruption) or human error
MISUNDERSTANDINGS
There can be a heightened risk of misunderstanding among the parties due to the buyer’s unfamiliarity with, lack of proximity to, or inability to read or speak the language of the seller’s jurisdiction

Roadmap[edit]

Pre-ICO and ICO (through Mar 2018): - Legal (e.g. SAFT, Singapore incorporation, etc.)
- Initial alliances identified
- Launch MVP
- Deepen advisory team
Detailed design (9 months): - Requirements document for REP integrations
- Requirements document for MVP enhancements
- Coding
- Beta testing
“Soft opening” (3 months): - Launch web app
- Debugging and platform refinement
- Expansion of operational and in-country sales channel partnerships
- Refinement of post-Phase 3 roadmap and target market
Commercial launch (12 months post-ICO): - Intensified marketing
- Continued expansion partnerships and staff
- Build operational capabilities
Conversion of legacy records systems (post-ICO; opportunistic): - Work with local government to convert property records to blockchain in selected markets
- Work with selected lenders to convert mortgage documentation to blockchain[1]

Team[edit]

name: title: links: group: photo: iss:
Adam Koehler https://www.linkedin.com/in/adamkoehler/ Adam Koehler photo 3.4
Sanford Selman https://www.linkedin.com/in/sandyselman/ Sanford Selman photo 3.4
Fabiano Távora https://www.linkedin.com/in/fabiano-t%C3%A1vora-92a76423/ 3.4
Eric Wang https://www.linkedin.com/in/eric-wang-44a01549/ 5.5
Saleh Bawazir https://www.linkedin.com/in/saleh-bawazir-26805613/ Saleh Bawazir photo 3.4
Luke Sestito https://www.linkedin.com/in/luke-sestito-33867711/ Luke Sestito photo 3.4
Justin Davis https://www.linkedin.com/in/justin-davis-a057657/ Justin Davis photo 3.4
James Spence https://www.linkedin.com/in/james-spence-996557157/ 3.4
Jay Fortin https://www.linkedin.com/in/rjayfortin/ Advisors 3.4
Jon Zinman https://www.linkedin.com/in/jon-d-zinman-98aa969/ Advisors Jon Zinman photo 3.4
Ofir Avigad https://www.linkedin.com/in/ofir-avigad-64888123/ Advisors 6.4
Alex Allison https://www.linkedin.com/in/alexdallison/ Advisors Alex Allison photo 3.4
Piper Moretti https://www.linkedin.com/in/pipermoretti/ Advisors Piper Moretti photo 3.4

External links[edit]

CPROP on Twitter
CPROP on Telegram
CPROP on Facebook
CPROP on Medium
CPROP on Github
CPROP Official Website
CPROP Whitepaper

Sources[edit]

  1. http://cprop.io/

See Also on BitcoinWiki[edit]