On March 6, 2018, the management of the BitRent blockchain platform held a closed presentation for key investors and heads of the UAE construction departments. The event was named “BitRent Private Conference”.
Compacts of intent and commitment were signed by well-known developers of the UAE: Damac, Dubai Property, 22 carats, Kempinski, Virtue GI.
The conference was visited by investors, whose total wealth according to Forbes is in excess of more than 15 000 000 000 US dollars. The event was attended by Sheikh Saif Al Mansoori, Sheikh Sultan Al Nuaimi, investors Mahendra Patel. The invited guests included:
- Abdulkarim Safwan, Vice President of Damac;
- Mohamed Mahgoub, Chamber of Commerce and Industry;
- Saif Al Mansouri, Ben Mansuri Company;
- Abdulhakim Mahmood, Director, Dubai Properties Group;
- Alexander Pushilin, a private investor;
- Mohamed Fawad Akber CEO of AIP;
- Mahendra Patel, GEAP group member;
- Maria Marchenko, founder of Capric Media;
• Saif Al Mansouri Partner – Bin Mansouri Company
- Pradeep Padmanabahan, director of the OBS group;
The purpose of BitRent Private Conference
The main goal of the presentation, set by the creators of the project Dmitry Starovoitov, Igor Pavlov and Vadim Dashut, was to gather the leaders of crypto clubs, blockchain funds and leading specialists in the construction industry, as well as to create favorable conditions for establishing business ties. The presentation of the unique constructional blockchain-platform and the first tokenized facility allowed us to uncover the potential of BitRent for the development of the construction industry and to demonstrate the real estate sector’s and crypto economy’s points of convergence.
The platform will help solve the main issues of the construction market such as closedness and conservatism. It will give investors the opportunity not only to invest resources, but also to fully control the construction of any facilities.
One of the key advantages of BitRent is the low entry threshold. This allows to attract almost unlimited number of participants to any construction projects. The security of operations on the platform is guaranteed by Blockchain, Smart Contracts, BIM and RFID technologies.
Participants of the system get full access to the database of objects under construction, they can select an object for the parameters of interest, vote for the priority of projects, monitor the stages of a construction process in real time. BitRent does not have geo-references. Anyone can invest in projects around the world.
Investors not only receive up to 30% of the profit from investments, but also become the share owners of the abuilding objects. Financial resources invested in platform projects are protected from exchange fluctuations. And the exact procedure of investing funds and of construction control are extremely simple and transparent.
Construction companies can join the system at any stage of construction. They get access to the participants’ database and the right to present themselves to the platform participants and thereby attract investments.
What was presented?
BitRent’s founders presented the functionality of the platform, and representatives of its strategic partner the construction giant Megaline presented the very first facility – Unity Towers.
Unity Towers is a complex of three skyscrapers that combine the functions of a residential complex, a hotel, a modern business co-working center, an IT-Hub with an adjacent infrastructure with a separate parking building for 450 cars. The complex will be located in the resort area with a direct access to the Black Sea. This will be one of the key advantages for investors while choosing an investment object.
Platform participants, known as owners of RNTB-tokens (BitRent crypto currency), have the right to directly influence the speed of construction of selected constructional objects. They can manage shares in projects at their discretion, buy and sell square meters.
“RNTB is a utility token, a payment method on a platform with a large amount of functions. 2018 can be called the year of the “Semantic Token”, when there is real business and a real sector of economy behind every crypto currency”, says the founder of the platform Dmitry Starovoitov.
Details on the features of BitRent can be found on the official site https://bitrent.uk/.