“Aqwire” — icoTokenReviews.com
icoTokenReviews about Aqwire:
Token QEY
Pre-Sale Price 1 QEY = 0.15 USD
Price in ICO It’s not final yet but it should be somewhere around $0.90.
Country Philippines
Platform Ethereum
Website https://www.aqwire.io
Whitelist/KYC KYC & Whitelist
Restricted Areas USA, China, South Korea
Pre-Sale 15th May to 14th June
Public-Sale Mid June, Date is not announced
Tokens for Sale: 99,000,000
Soft Cap $5M
Hard Cap $9M
Total Token Supply 180 million
Token Supply Breakdown 55% Token Sale
20% Network Growth and Expansion
10% Property Developers
5% Advisors, Employees and Founders
5% Specialized Talents
5% Bounties
Bonus Private Sale Currently Going on — 30% bonus
Pre-sale and Public Sale Bonus — Admin will update in couple of days
WHAT IS THE PROJECT ABOUT?
● AQwire is a blockchain powered real estate transactions platform that handles cross-border payments processing, property listing, and buyer/developer verification (KYC — know your customer process). Qwikwire (the company launching the AQwire platform) is already the leading and fastest growing cross- border payments platform for international real estate transactions in S.E. Asia.
● They are building AQwire for property developers and property buyers all over the world. By reducing the number of brokers/agents and bypassing multiple marketing/sales channels, it can offer significant discounts to property buyers (20–40%) and unprecedented access to these international buyers for property developers.
● Brokers can now sell or book discounted units to customers and travelers all over the world via Smart Contracts. The platform also works for rentals and time-sharing agreements.
IDEA:
● The platform is aimed to bring all the existing players — property developers, brokers, agents, lawyers, etc. — onto a single platform. It will reduce much of the redundancies, handling time and data discrepancies in the current transaction flow.
PRODUCT PROTOTYPE:
● They are targeting to release an MVP the same time their ico ends; it will give the tokens immediate utility.
CONNECTIONS:
● They have some real estate developer partners waiting for the platform to be finished for them to be on-boarded.
WHITEPAPER HIGHLIGHTS:
● The QEY token, an ERC20 compliant token, will allow network participants to verify the authenticity and validity of data on the blockchain.
● The platform can directly integrate with both cryptocurrency and traditional payment gateways.
● In the last 7 years the demand for international real estate transactions increased from $70 billion to $370 billion. Individual and corporate investors from China alone have spent an estimated $150 billion in real estate overseas as of year 2017.
● The real estate market in the Philippines has experienced exponential growth for the last 7 years due the country’s rating as “investment grade” by a number of international rating agencies.
● One of the key factors contributing to real estate spending is the continuing massive urban migration and strong consumer purchasing power generated by dollar-earners like the overseas Filipinos workers (OFWs) and the business process outsourcing (BPO) companies.
● Advantages of Using Blockchain for Real Estate Transactions:
o Sensitive Information is Abstracted: Sensitive customer information used for KYC and other legal purposes will be verified and provide with associated cryptography key. The user can then use this cryptography key to sign for transactions on the blockchain and serve as cryptographic proof as they can be audited and traced back to the user.
o Prevents Double Booking: The use of timestamps with consensus mechanism on the blockchain have the ability to prevent double booking/selling of the same property unit, which is a common problem when a property is being listed by different brokers.
o Speed of Transaction: The AQWIRE platform has the potential to reduce inefficiencies between intermediaries by bringing all existing players onto a single platform to streamline and improve the overseas property buying experience.
● Qwikwire is now the leading cross-border payments platform for real estate transactions in South East Asia.
● Qwikwire Payments Facilities:
o Cryptocurrency Gateway: Qwikwire is in the process of launching a crypto-currency gateway through an exchange partner. The facility will enable acceptance of Ethereum, Bitcoin, and Litecoin to be converted to fiat currency for their real estate developers.
o CREDIT/DEBIT CARDs, Electronic Checks (ACH), and SWIFT: It will also power AQWIRE’s traditional payments processing using credit/debit cards (Visa, MasterCard, AMEX, JCB, Diners, Discover), eCheck (via ACH), and SWIFT.
o API to Connect Gateways to Blockchain: They are in the process of building an API that connects traditional credit-card, bank-to-bank ACH and SWIFT gateways into the blockchain to ensure data recording takes place in real time.
● The AQWIRE platform will be launched in two main phases:
o The first phase will be a hybrid DApp (decentralized application) that will interact with the Ethereum blockchain using the QEY token. The QEY will allow access to specialized features such as detailed regional real estate market ROI reports, live data and trends, as well as partnership level real estate deals that is only available on AQWIRE.
o Second phase will comprise of launching a consortium blockchain for the AQWIRE network. The network will be made up of partners (property developers and listing sites) acquired during the first phase.
● All data will be managed by a smart contract queuing system to ensure single entry booking for all listed units.
● Data will be updated in real-time, preventing double booking, confusion, and potential loss in sales. Brokers can now list in multiple listing sites in any market all over the world without having the need to update all listings manually once a unit is booked or sold.
● For the AQWIRE platform, two levels of validation would be required; validating the developer and validating the specific unit being listed.
● They are going to attach reputation to identities using the network, users and validators are incentivized to uphold the transaction process, as they do not wish to have their identities attached to a negative reputation.
● AQWIRE will be using a third-party service that specializes in KYC via blockchain as a final form of verification of payers’ identities.
● The most important use of blockchain for them is to validate transactions.
● AQWIRE will earn a fee on all sales done or initiated on its platform. AQWIRE does not charge fee from property developers for listing, only when sales are completed. But most of its revenue will come from Qwikwire’s payments platform when people decide to buy or rent property using the listing from its property developer clients.
● Qwikwire generates revenue from two sources, transaction fees (which can be waived by using the QEY token) and FOREX spread markup (2–3% standard in international bank-tobank SWIFT).
● QEY are primarily designed to be a utility token to access specialized features on the AQWIRE platform.
● Usage of QEY tokens are as follow:
o Get global and regional real estate market report.
o See live data and trends on real estate investments in a specific area
o Access to properties, rentals, and vacation homes in the platform. Etc.
● The tokens will be necessary to utilize the AQWIRE platform regardless of whether it is accessed through the utilization of AQWIRE services or a third-party interface.
● A token holder cannot purchase a portion of a property with other people using the token. A buyer cannot buy second hand units from individual sellers.
● The token cannot be used to buy landed properties (a.k.a. a house with a lot), even if it’s brand new or built by one of our client real estate developers.
HYPE:
● 11K telegram users, 314 followers on Twitter and 5.9K Facebook Followers.
● They have got only few views on YouTube.
● 4.0 ratings as per ICO bench.
LONG TERM
● AQWIRE is already in talks with several developers and broker associations in Bangkok, Thailand, to onboard their inventories onto the platform.
● They will also activate its billing/invoicing system in Thailand at the same time with regional and local banking partners in the country.
