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#Dominium

Dominium Launches First Property Bond Over Blockchain

Blockchain is finding use cases in almost every industry on earth. Interestingly, cases of tokenization of properties over blockchain are on the rise. In this light, Dominium is launching the first property bond which interested parties will access over blockchain technology.

Dominium announced the offering via its official blog on Medium. The property platform is the newest project by Max Property Group, a Dutch Real Estate Company. As per the official statement, Dominium’s offering will be “the first tradable, automated, multi-lingual property fund in Netherlands.”

Peer-to-Peer                     

Interestingly, as Dominium launches its first property bond, it will not be the first property bond from Max Property Group (MPG). In September 2016, the Group set up a similar property bond which saw a very high rate of uptake. However, there are stark differences with this new offer.

Firstly, the 2016 property was purely manual. This is to say that, unlike the blockchain-based Dominium property bond, the former was entirely reliant on paper transactions. In contrast, the new property bond utilizes the full potential of blockchain technology. Basically, this implies that interactions are peer-to-peer.

Secondly, interested parties can access the new property bond from as little as €1,000. However, access is subject to successful compliance with the platform’s know-your-customer (KYC) procedures. Basically, this is the means by which the blockchain platform ascertains that the user is not a bad actor. In particular, KYC procedures are important towards avoiding money laundering.

Dominium Launches First Property Bond over Blockchain to Attract Investor Participation

Esther Dekker, Property Director at MPG explains that the current low entry level targets higher participation by investors. She says, “The use of blockchain technology means that investors can participate from just €1,000 as opposed to the €10,000 minimum that we had to set for the previous Dutch fund.”

Interestingly, Dominium elaborates that once the offer is fully taken up, users can begin trading the tokenized assets. Importantly, the choice of a blockchain platform this time around is due to the convenience that comes with the technology. In particular, the technology “streamlines” the processes that go into the whole exercise of investing in the property bond.

The Dominium platform runs on top of Ardor blockchain network. Interestingly, Ardor is an evolution of Nxt blockchain. In particular, users can utilize the Dominium platform for decentralization of the trades of assets and rental agreements. Further, property managers can use the platform to perform complex management tasks and even curate purchase agreements.

Risk Disclosure

This article should not be taken as, and is not intended to provide, investment advice. Users are ultimately responsible for the investment decisions he/she/it makes based on this information. It is your responsibility to review, analyze and verify any content/information before relying on them. Trading is a highly risky activity. Do consult your financial adviser before making any decision. Please conduct your thorough research before investing in any cryptocurrency and read our full disclaimer.

https://cryptoblockwire.com/dominium-property-bond-blockchain/
#Dominium

Dear Dominium Community,

Another great update and Special Offer for our Community. Do not miss out and continue reading about this exciting news!

For those of you who have missed some of the previously shared information:

As of the 1st of November 2018, you can purchase Max Property Fund II(security token) on our platform. (Fund invests in residential property in Rotterdam, the Netherlands)As of today, the 7th of November 2018, you can purchase Max Property Deutschland (security token) on our platform. (Fund invests in mostly residential (some commercial) property in Lower Saxony, Germany)As of next week, Max Property Group UK (security token) will be live subject to documentation changes. (Fund invests in mostly residential (some commercial) property in the United Kingdom)Some additional updates:

We have over 62.500 registered users on the platformDominium is now available in Arabic and Mamoun Jamaladdin and Nawshirwan Rashid (Noah) will be overseeing the Arab community. Please join them on: https://t.me/Dominium_ArabicA Dutch Telegram channel has been created, which will be managed by Maarten Rooijackers, please join him on: https://t.me/Dominium_DutchThe Dominium childchain was successfully activated on the Ardor testnet at blockheight 455100! Great to be part of the ARDOR family! https://twitter.com/Jelurida/status/1058992191010430978  

More information on Adding /creating the ARDOR wallet:

You can now create and/or associate an Ardor wallet address with your account.NOTE that NXT wallets are not supported at this momentNOTE that the process of creating an Ardor wallet is completely handled locally in the browser on your device. As such, only the wallet address and public key are shared with Dominium. The actual passphrase never leaves your device

Multiple accounts will soon be supported as will generated token signing instead of passphrase signingAll accounts that have passed KYC (minimum Clearance Level 1) and an Ardor wallet associated with their account will have their balance transferred for free through a JSON file which will be created on the 12th of NovemberNOTE that any transactions after the 12th of November will carry a small publishing fee

DO NOT FORGET to pass your KYC before the 12th!

All of the above information are big milestone achievements for Dominium and as ususal we will celebrate this with our community.

From this moment until Sunday the 11th of November 12:00 CET you will receive a bonus of 50% if you buy DOM tokens and pay with NXT, ARDR or IGNIS!!!

This truly is the last time we are giving a bonus to the NXT/ARDR community, so do not miss this opportunity.

NOTE that all bonusses are transferred manually as soon as the purchase amount has been received.

The next major milestones are of course:

Child chain live - 30/11/2018
Adding of property - end of November / early December
Listing on exchanges - December
Dividend calculation automation - before end of the year
Tomorrow the majority of the team is in the head office in Rotterdam and you can expect some announcements following this meeting.
#Dominium

Dominium launches first Dutch property bond on blockchain using Ardor

Real Estate Company, Max Property Group (MPG) announced they will be using their newly developed property platform, Dominium, to launch the first tradable, automated, multi-lingual property fund in the Netherlands.

This is the second Dutch fund to be launched by the group, and the first in history to use a blockchain platform.

Dominium users can subscribe to the fund online, pass KYC procedures digitally, purchase regulatory compliant property bonds from as little as €1,000, and once the fund is fully subscribed, trade the tokenized assets with other users.

Property Director Esther Dekker says, “The use of blockchain technology means that investors can participate from just €1,000 as opposed to the €10,000 minimum that we had to set for the previous Dutch fund.”

The original Dutch property fund by MPG, Max Property Fund which offered 8% return per annum plus a profit share, was launched in September 2016 and was fully subscribed in the first year. Having set up subsequent investment funds in Germany and the UK, MPG decided to co-invest in a blockchain based platform that would streamline the investment process for both their clients and staff.

The result is property platform Dominium which uses Ardor blockchain technology to provide an array of services within the real estate industry, from launching regulated and unregulated property funds to project management, property listings, and smart contracts, in multiple languages and in multiple countries. To date, no other blockchain platform has offered this combination of features.

The second Dutch property fund by MPG, Max Property Fund II offers 6.25% return per annum plus profit share and is being launched on the Dominium platform, in the hope that automating the investment process will result in a more streamlined experience. Head of Development Erwin Van Kekem says,

“All the hard work that has been invested over the last few months is now coming to fruition and we hope that the system we have designed to help make everyone’s jobs easier and our services better will do just that.”

https://www.cryptoninjas.net/2018/11/05/dominium-launches-first-dutch-property-bond-on-blockchain-using-ardor/
#Dominium

Max Property Group adds property fund to blockchain platform

Max Property Group is using its Dominium platform to launch a tradable property fund in the Netherlands. This platform uses Ardor blockchain technology to offer a variety of features such as smart contracts and project management, according to a press release.

Dominium users can purchase property bonds on the platform after passing know-your-customer procedures. They can then trade the tokenized assets with other users, according to the release. The underlying blockchain platform helps streamline the investment process.

"The use of blockchain technology means that investors can participate from just 1,000 euros ($1,143) as opposed to the 10,000 euros minimum that we had to set for the previous Dutch fund," property director Esther Dekker said in the release.

https://www.blockchaintechnews.com/news/max-property-group-adds-property-fund-to-blockchain-platform/
#Dominium

Help Us With Our Name Change

Dominium has evolved considerably since its launch just a few months ago, thanks to its nearly 65,000 strong user base, and we believe very strongly in including our global community in company developments.

In line with this philosophy, we would like to ask you all for your input and suggestions on an issue that has come up recently: When we chose Dominium as the company name, there were no obvious conflicts in place. Since then, however, a Trademark has been registered with the same name and a conflict has arisen. Similarly, the DOM token has been registered on Ethereum, and we have subsequently chosen to change the name of the company as well as the trading symbol.

We are currently working on building a new website for the next major development milestone, which is a crowdfunding platform for property backed security tokens. Whilst this is going on, it feels like the right time to rebrand and launch the new website with the new company name.

We would like to choose a name that our users are connected to, and would like to involve you in this decision making process. The new name must fit the following criteria:

*The .com needs to be available
*There can be no registered or pending Trademark on the name
*The Ticker Symbol (3 letters) needs to be available
*The social (Facebook, Twitter, Instagram, LinkedIn, etc.) names need to be available

Please send suggestions by email to admin@dominium.me and we will publish the name on Monday 19th November. The winning name will receive €500 in cash or BTC. The winning community member will not be named, unless specifically requested.

Many thanks,

The Dominium (for now!) team

#namechange #dominium #tech #technology #blockchain #blockchaintechnology #dom #tokens #crypto #cryptocurrency #trading #money
#Dominium

RT @newbusradionl: Did you miss the Let's Talk Business #LTB episode?

@MaxPropertyGrp started together with Dominium a blockchain platform.

However, how does real estate actually work on the blockchain. Our Esther was a guest by @FabiennedeVries!

https://buff.ly/2RWfHrk