Cottage is an innovative project of the SAIS BVBA construction company, registered in Belgium. The company has been doing business in the European Union for 10 years, organizing the construction of real estate, mainly private houses, as well as providing various construction and repair services. The Cottage project offers the opportunity to BUY and RENT real estate built by SAIS BVBA, including custom-made in the territory of the European Union, for CRYPTOCURRENCY, and at the same time to reduce transaction costs for the implementation of the facilities. The ICO participants of the projectget the opportunity to INVEST in the real estate with digital assets, regardless of the volume of investment and the jurisdiction of the investor himself.
The Cottage project envisages the participation of all comers in the investment of SAIS BVBA’s construction of new facilities in Belgium, Spain, France and other countries in exchange for receiving dividends from the profits brought by these facilities. The use of blockchain technology and the implementation of the logic of a smart contract cann guarantee an honest distribution of assets between counterparties, which eliminates the need for intermediaries. The unique feature of the project is that all interested parties: buyers of real estate, tenants and investors, interact directly with the owner of the facilities – the Cottage company, which is also the issuer of tokens, which eliminates not only the costs of intermediaries, but also increases trust between counterparties.
The Cottage project aims
– to apply the technology of blockchain and smart contracts in the implementation of construction and development projects.
Blockchain can be used wherever there is a question of trust. Operations with assets such as real estate are no exception. As a rule, the implementation of blockchain in the real estate sector will take place in three directions:
– transfer of the property register rights to the blockchain;
– transfer of document circulation on real estate transactions to for blockchain;
– property tokenization
The Cottage business model cycle provides:
– construction of facilities;
– sale of the constructed objects and their leasing;
– distribution of proceeds to the holders of the tokens;
– construction of new facilities for the proceeds.
Benefits for token owners
The owners of the tokens will be able to reserve for temporary residence and rest any of the Cottage project houses for rent, and from the moment they are put into operation, they can use them. The lease can be paid for with project tokens, crypto currency or fiat money. The used tokens are written off from the owner’s account by a smart contract and are burned.
Cottage token is a digital asset issued by the Cottage organization, which is a subsidiary of the SAIS BVBA construction company. It is believed that the digital token, this is a manifestation of technological progress, which ensures high liquidity of objects in the material world and lower transaction costs.