RUMEREO, a real estate buying and selling enterprise incorporating blockchain technology, provides a platform that does not require cross-border mediation.
RUMEREO from Netherlands is calling for capital to bring about innovation in the world Real Estate business system by combining blockchain technology and Artificial Intelligence (AI).
Starting the project at the end of 2016, We have been developing with a team composed from professional departments like Marketing, Artificial Intelligence development, Blockchain development, External consultant, Legal affairs - general affairs, maintenance engineer, etc, which is leading by CEO's blockchain technology Alex Andrews, who is familiar with global Real Estate Market.
Focus on Blockchain technology and Artificial Intelligence, Real Estate Trading Company "RUMEREO" announced that it will start financing plan using cryptocurrency. Alex Andrews, founder of RUMEREO, said " Regarding to the appearance of blockchains, Real Estate Trading have to be changed,and RUMEREO can do it."
This time, RUMEREO expects to raise the capital investment about 500,000 USD in ICO cryptocurrency.
RUMEREO announces that the company will use the funds in developing blockchain technology, researching and developing Artificial Intelligence and developing platform.
In this real estate transaction, the reduction of large-scale cost and time will be realized, and the 3 problems of free, time and liquidity will be solved.
These barriers will disappeared by using blockchain technology and AI technology. RUMEREO is planning to establish an international multifunction platform, establish and maintain an infrastructure that easily access to different commercial purposes and a variety of valuable real estate around the world. Company will provide a platform that can reduce the fee to less than 1%,and can reduce the necessary commission for agency. According to rules predetermined by Smart Contract, it is possible to conclude the contract between the seller and the buyer automatically and instantaneously. The definition for reasonable purchase price is one of the problems of liquidity,but it can be solved by using Artificial Intelligence. By analyzing big data which has been researched for real estate market, it is possible to calculate an appropriate price for each hour. In addition, by using AI and machine learning technique that can calculate the appropriate price, the company is working on developing and running a trial Software Development of Market Forecast.
Moreover, we will distribute almost of the profit to Investor who is Token Holder.
REO coin will use blockchain technology to eliminate the centralization of bureaucratic authority which increases the cost of homeowners and agencies. By using Smart Contract, the trading contract is automatically and safely done without taking time because of the previous rules.
REO coin will leave behind the traditional trading which costs time and commision for brokerages, and provide a new form of trading for real estate market. In the world, the transaction value of real estate sales is estimated to be about 220 trillion dollars.In that, the commission for brokerages is over than 6.6 trillion dollars. It is worldwide and it is necessary for people to continue real estate in the future, and it can be said that a significant decline is a difficult market.
REO coin agency and innovative platform have the the mission that it will support all people doing real estate trading.
RUMEREO is planning to make ICO inside the country and in global for next two months from the end of April. There are many ICOs related to the real estate business,but almost of them don’t have enough investment. However, RUMEREO is a feasible project because it already has been supported by investors and has been completed business foundation until ICO.