Crypto Valley, August 22nd 2018. The Swiss PropTech startup eLocations has started the pre-sale of the First PropTech Security Token (eLocationsCoin – “eLOC”), bringing crypto currency into the world of bricks and mortar. The move comes after a successful private sale phase that achieved tremendous results, with requests exceeding its soft cap target by 300%. The ICO aims to raise €50 million (fifty million Euros) to re-invest into the real estate platform.
The ICO Presale is the token sale event before the official “public” crowd sale, attracting further investment through a dividend of 20% (yielding 4%). The pre-sale phase will start on 22nd August – where investors can also receive a bonus of up to 30%. The public sale of the eLOC coin is set to start at the end of 2018.
Founder & CEO Marc C. Riebe commented on the opening: “This is a milestone event – not just for us, but for the whole sector as we are about to (r)evolutionise commercial real estate just as Airbnb did in the residential property sector and Trivago in the travel industry. Buyers are recognising the seismic shifts in the commercial real estate sector – especially retail on the ground floors of prime locations- and seeing disruption approaching over the horizon. It’s time for them to get off the fence and seize the opportunity to become actively involved.
As first movers we’ve already attracted significant attention on our roadshow, as well as several commitments for substantial investment that reassured us that an Initial Coin Offering (ICO) was the correct course of action. The ICO funds raised will ensure that eLocations is sufficiently resourced to grow its eLocations.com platform and ultimately to leverage blockchain technology – reducing the delays and mistakes that can hinder the wider real estate market today.
A key delivery point is the introduction of smart lease contracts, where eLocations lays the foundation for billions of paper contracts to become electronically decentralised using the infinite potential of the Blockchain.“
The eLOC coin will create a new token economy and attract funds to be reinvested into the eLocations platform. The two founders, Marc C. Riebe and Dan Innes, as well as a series of private investors that include Klaus Mark (Founder & CEO MK Illumination) and the Head of Real Estate at a global investment bank are confident that the Security Token’s market will strengthen over time based on its growing acceptance by customers as well as the firm’s increased sales activities. This will result in higher revenues, profits and cash flows which in turn will lead to a higher token demand and increased trading activities, as both founders have outlined during their global roadshow.
Dan Innes, Co-Founder and CMO of eLocations added: “We tested the water with our business model, attending dozens of PropTech and Blockchain events around the world and pitching to thousands of industry professionals including sceptics from within the conventional real-estate market where there is little to no visibility. We answered their questions, and feedback from investors had been unanimously positive – not only about our initiative but also the Token sale.”
The eLocations.com listing platform is already fully operational, and with further investment it is expected to reach its full operational potential next year – when the company will go on to launch a Utility Payment Token Token (LCN) which will allow the holder to purchase a host of services including premium listings, street maps, rent comparisons, ‘oracle’ data and reports. Ultimately, properties themselves will be leased, bought and sold using the LCN token.
When the Utility Token is launched, holders of its Security Tokens can exchange them against the Utility Token at a price discounted by 20% – reducing risk of as they will always retain an option to ‘use’ their tokens and benefit from the portfolio of eLocations services.
Visit: www.eLocations.io to see the countdown and more information.
For further information contact:
email@example.com www.elocations.io www.elocations.com
Dan Innes – firstname.lastname@example.org T +44 (0) 20 7409 3434
M+ +44 (0) 7973 387 545
The eLocations Ltd Dammstrasse 16
6300 Zug, Switzerland T +41 842 259 000
eLocations is made up of a team of experts from real estate and technology , operating its real estate intelligence platform since April 2017. It has data on circa 100,000 existing stores, including information on more than 4,000 available shops at over 2,000 locations worldwide, which can be rented – from New York to Tokyo, from Oslo to Cape Town. The platform also offers a live data overlay – with news of over 37,000 new openings. The basis is provided by eLocations’ own retail market studies.
To date, eLocations has processed over 2 million search queries on the platform. The site has over 3,000 active users and a database of over 80,000 retail property professionals. The data set is growing daily – and will soon also be able to offer a formula for evaluating potential retail sales and the market value of the individual prime locations worldwide.
YouTube channel: https://www.youtube.com/channel/UCEjqX8wTloZttP_lrLsxKUw …
Marc C. Riebe, CEO & Founder;
Retail Property Expert; Editor of Retail Market Study; Founder of The Location Partners; More than 500 Deals in Retail Real Estate Transactions worth €3bn+
Dan Innes, CMO & Co-Founder;
Shopping Centre and Retail Expert; Founder of Innesco marketing agency representing 200+ investors developers and retailers, including Westfield Unibail Rodamco, TripleFive, IKEA Centers, ECE Hammerson and intu.
Davinder Pal Singh Sawhney, CTO
Accomplished Senior Software Engineer/Business Analysts offering 21 years of international experience in world’s leading organisations in Switzerland & India, providing a wide range of technical expertise as well as a deep understanding of business.
The Location Group Ltd | Crypto Valley, Zug | +800-LOCATION | www.eLocations.com | www.eLocations.io