The Konkrete Platform is a distributed share registry designed for the real estate industry. Trading on the platform will be done using Konkrete’s native currency, Konkrete KKT tokens. The distributed share registry will be verified by the network of participants and will allow decentralised, fully compliant trading of property shares. Because of this, Konkrete will provide a solution for homeowners to release equity from their property, for property developers to crowdfund their capital with less reliance on banks, and for home buyers to crowdfund their home deposits. We’re providing a new form of liquidity to the real estate industry and giving people access to the value in their property assets.
Our Konkrete KKT tokens are compatible with any ERC-20 compliant wallets. The instructions for withdrawing tokens from the Bounty and Airdrop campaign will be release during the token generation event. This will take place in Q3 2019 (more information on Konkrete’s roadmap is published on the website - www.konkrete.io - exact dates will be provided in the future as previously mentioned.)
We are proposing to set up a Fractional Property Fund to be used by the Konkrete platform. This fund will allow anyone to propose a property for crowdfunding. This will include crowdfunding their home deposit as well as releasing equity from existing properties.The Konkrete platform will ensure decentralisation of fund control, by facilitate a transparent and distributed rules-based, user-driven process to select properties for crowdfunding. The platform will also serve as a peer-to-peer secondary market for this Fractional Property Fund.This Fractional Property Fund is separate to the Konkrete utility token and will be set up as a securities offering under the relevant regulatory requirements.Similarly, other funds will be set up to make buyer-driven developments possible. This will allow the eventual owners to participate in the development of the property itself. This will mean they can participate in the development profits while reducing the money required to acquire the property.By focusing on both the development margin as well as reducing the outlay required for owning the property itself through co-ownership, we intend to make a dent in the housing affordability crisis.
Blockchain allows us to utilise decentralisation and distributed operations. The Fractional Property Fund will allow anyone to propose their property for crowdfunding. Use of processes governed on the Blockchain ensure votes are transparently and immutably recorded, utilising systems which provide everyone a fair go, free of interference from any one entity – including us.We also see Blockchain as a way to reach a global audience. Using Blockchain, a person sitting in Venezuela or South Africa is able to invest in a share of property in a country like Australia, in a safe and transparent manner.Finally, we see the distributed registry as an implicit secondary market. This introduces liquidity to the fractional property concept we are proposing.Governance, Distribution and Liquidity are applicable to not just our own Fractional Property Fund, but are also valuable to any securities issuer.While we are building the underlying Blockchain infrastructure to support our own Fractional Property Fund, this same infrastructure can be a very powerful platform for securities all across the world – property-related or not.
KKT will be used for the following purposes:
We propose to use the Ethereum Blockchain for the utility tokens. We plan to use Ethereum for the security tokens as well but program them so that they can be held only in whitelisted wallets where we know the KYC is complete.
Konkrete utility tokens are currently not for sale in Australia. Australian Investors in the Konkrete share sale will receive a 1:1 bonus in tokens for being early adopters + any relevant bonuses.Non-Australian residents can participate as applicable in their relevant jurisdiction.
Any tokens, including bonus/referral tokens received during the pre-ICO period will be locked up for a period of 6 months after KKT being listing on an exchange. Konkrete team members and advisors are limited to selling a maximum of 25% of their tokens every year over a 4 year period.
The Konkrete utility tokens will be ERC20 and can be traded on any exchange that would support these. We are planning to list our tokens with some exchange partners within 12 months of the presale. We will initially be launching with our internal exchange and be working with other exchanges as after our Token Generation Event (TGE).
Konkrete tokens (KKT) will be used to pay transaction fees for updating the distributed share registry. It will be used by issuers to list on the distributed share registry. It will be also used to pay for the distributed ID verification process.
In many ways, Konkrete is a natural evolution of Estate Baron, but focused on different customers. Estate Baron focuses on providing the legal structure and front end interface to property developers for them to conduct an IPO. It also provides a centralised share registry.The Konkrete platform on the other hand is more about making this share registry decentralised, creating a secondary market and also a governance protocol for these securities to operate in.Together they provide an end-to-end system, however both are able to work independently of each other as well as plug into other systems.
No, Konkrete is offering shares as part of its fundraise and will be a fully compliant offering. Unlike an ICO, investors will be receiving shares in the company. Any tokens are given as a bonus to our investors to spur early adoption of the platform once it goes live.
We anticipate the Konkrete platform to be launched in Q3 2019.
You will be able to buy more tokens on our internal exchange when launched as well as any other external exchanges we work with in future.
KKT tokens will be used to pay for various fees on the platform such as listing, transaction, cap raising and KYC. It will also be used as an incentive mechanism to onboard new users.
No, KKT tokens are purely a utility token for use on the platform. Securities will be represented as security tokens and are separate investments.
The Konkrete team is still going through the verification list so your verification status would still be pending. Rest assured that the verification will be done before the issuing of tokens. Do make sure that you’ve followed the instructions provided for you so that there won’t be a delay when your verification turn is up.
The referrals should receive another reminder emails to do their KYC.
Yes it is. Technically, you won't be able to receive any of the tokens until you have verified KYC but you can still sign up and do referrals.
You can find the official roadmap of Konkrete on our Homepage. Once we’ve finalised and confirmed the final details (including the start date and approximate dates on exchange listing), they will be shared to the community. For now, I recommend you all to check out our blog to get a little bit of insight from the head of our Managing Director, Moresh Kokane.
The Bounty Campaign recruitment published Bitcointalk officially ended last December. The stakes have been updated on the spreadsheet provided for you. Note that if you participated, you should’ve been in touch with one of our admins about this. If your details are not updated, please get in touch with the admins via discord. Otherwise, you may remove the signature you use during that period. The airdrop campaign will officially end on the 31st of January, 2019. You ca still refer and et tokens until the end date.