CPROP ICO (CPROP)

Transactional real estate the blockchain way


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.

Business services Cryptocurrency Internet Platform Real estate
3.8

by expert rating and reviews


3.8
ICO PROFILE
TEAM
VISION
PRODUCT
TBD
Token CPROP
Platform Ethereum
Price 1 CPROP = 1.00 USD
Country USA

About CPROP

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

Team

Adam Koehler member of CPROP ICO
Adam Koehler
Sanford Selman member of CPROP ICO
Sanford Selman
Fabiano Távora member of CPROP ICO
Fabiano Távora
Eric Wang member of CPROP ICO
Eric Wang
Saleh Bawazir member of CPROP ICO
Saleh Bawazir
Luke Sestito member of CPROP ICO
Luke Sestito
Justin Davis member of CPROP ICO
Justin Davis
James Spence member of CPROP ICO
James Spence
Jay Fortin member of CPROP ICO
Jay Fortin
Jon Zinman member of CPROP ICO
Jon Zinman
Ofir Avigad member of CPROP ICO
Ofir Avigad
Alex Allison member of CPROP ICO
Alex Allison
Piper Moretti member of CPROP ICO
Piper Moretti

Milestones

  • 1

    Pre-ICO and ICO (through Mar 2018)

    - Legal (e.g. SAFT, Singapore incorporation, etc.)
    - Initial alliances identified
    - Launch MVP
    - Deepen advisory team

  • 2

    Detailed design (9 months)

    - Requirements document for REP integrations
    - Requirements document for MVP enhancements
    - Coding
    - Beta testing

  • 3

    “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

  • 4

    Commercial launch (12 months post-ICO)

    - Intensified marketing
    - Continued expansion partnerships and staff
    - Build operational capabilities

  • 5

    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

Financial

Token Sale Info
Token CPROP
Platform Ethereum
Price in ICO 1 CPROP = 1.00 USD
Tokens for Sale 46000000
Investment info
Accepting ETH
Distributed in ICO 80%
Soft cap 2,000,000 USD
Hard cap 15,000,000 USD

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