Property Listing and Management Platform
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Start Date
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Smart contract blockchain
Team:
Sven Thomas Munte MSC - Chairman
Mark Lloyd - Managing Director
Marco Reimann MSC - Finance Director
Esther Dekker - Property Director
Jacco Van Herwaarden - Compliance Advisor
Maarten Dirks - Blockchain Advisor
Joost de Kruiff - Blockchain Advisor
Paula Ruffell MSC - Legal Advisor
Gudo Thijssen - Marketing Advisor
Jurian Van Groenendaal - Legal Advisor Netherlands
Andres Campo - Marketing Advisor
Dominium is building a decentralized platform for everything to do with property, from property financing (funds, bonds, loan notes, REIT’s, etc.) to property maintenance, but also property rentals and sales. Essentially Dominium aims to be the de-facto property portal in the world.
The platform is being developed by industry professionals as a tool to improve services to their existing and future clients, having identified weaknesses in their own market. By using third generation blockchain technology from Ardor, they are modernizing one of the most established yet antiquated industries in the world.
Dominium is an international platform (already in 17+ languages) on which regulatory documentation for property funding will be standardized and controlled tokenized assets are placed on the blockchain alongside property sales, rentals and management.
Expert Review
Dominium wants to become a global property platform. Leveraging blockchain technology, its features and benefits are to provide improved services when it comes to property management and investing. They want to solve problems connected with real estate investments, such as high entry barriers and liquidity problems. The Dominium network is in a sense divided into two platforms; one for investments and the other for property management. It is built upon Ardor, which is an extension of the Nxt blockchain. It has been designed to allow scalability and avoid extensive mining. Importantly, it also offers the feature of child chains which allow various businesses to use specific features and applications on their own, while still having access to the main Ardor features. As the project deals with real assets it needs to comply with any applicable governmental regulations, especially Know-Your-Customer (KYC) and Anti-Money-Laundering (AML) laws, and require their users to pass a verification process. The project is being developed by a group or real estate professionals, Munte Immobilien and Max Property Group, whose industry experience can date even back to 1833. They specialize in running property portfolios, funds and developments and manage assets worth hundreds of millions of euros.
I have gone through the project, it seems a bit amazing with high hype, I still need to check if the project is really cool to invest. They specialize in running property portfolios, funds and developments and manage assets worth hundreds of millions of euros.
All DOM tokens collected on DOMINIUM and acquired via the buy-back program will be collected in a multi-signatory account, of which the company supervisor, Confidon, will be a signatory. These tokens will therefore be taken out of circulation upon deposit in the account and will be burned (destroyed) every year, or as required. Token burns will be audited and publicly announced.
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