Global Real Estate Platform based on blockchain technology
What is FCQ
The FCQ platform project is a global transaction platform based on blockchain technology for the sale of entire real estate or its individual parts. In the first stage, these will be commercial real estate intended for investment purposes, those that generate a rate of return for investors without maintenance.
The work on the FCQ project began in 2019. In June 2020, the project was favoured by the VC Impera Alfa fund, which resulted in receiving a grant from the National Center for Research and Development for the implementation of the MVP platform.
The FCQn Token
Our idea is that our users should manage the FCQ platform with our help, as well as benefit from the development of our platform. For this purpose, the native FCQn token has been created. It will be available on the DEX exchanges and in the first phase it will be listed on the Uniswap exchange.
Rights and privileges for FCQn token holders:
- Ability to decide by voting the amount of commission on secondary market transactions.
- The commission on the secondary market will be distributed as follows: 50% will be allocated to the development of the platform, 25% of the funds will be allocated to the purchase and burning of tokens from the market, and 25% of the amount will be distributed proportionally among token holders – investors.
- The 1% equivalent of all real estate sold from the primary market will be also distributed among FCQn token holders
Important: To take advantage of the above privileges, you must have an FCQn token in your wallet for at least 30 days. Tokens held by the issuer do not participate in the above-mentioned benefits.
Step by step investment process
You choose the property you are interested in at www.fcqplatform.com
You define the amount you want to spend on the investment, from the minimum amount for a given apartment up to 100% of its value, then you will be its sole owner.
If you haven't done it before, you must complete full account registration at this stage, including KYC procedures.
You sign an electronic preliminary contract of options for the purchase of shares in a given property and deposit funds to the address of the smart contract.
After collecting the full amount for the purchase of a given property, the smart contract closes the collection and sends tokens to the address you provided, confirming the rights to the property. If the appropriate amount is not collected, the funds are returned to the owners.
The description of each property will be continuously updated with coupons historically paid. In the news tab, important and reliable data on the real estate market in a given area will be published. It will also translate into demand for assets from previous subscriptions.
From the first day after handing over the tokens of a given property to investors, they will automatically be available on the FCQ secondary market of the platform, which will be one of the most important functionalities of the platform, due to the liquidity of the investment. Operations on the given tokens will be carried out on the basis of traditional sale and purchase orders. Even if there are no current sale offers for a given property, each user will be able to place an offer to buy a given property. Such information will appear in the “buy order” section, as well as directly to the holders of shares.