ThaneCoin : DeCentralised Property Market

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FAQ

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Official  Details

Type of Crowd Sale ICO
ICO Name ThaneCoin
Registered Country / of operation United Kingdom
City London
Email
Contact Person  Not mentioned
Category Real Estate

Token Details

Start Date 16/05/2018
Een Date 22/07/2018
Token Supply 91000000
Whitelist/KYC? None
Token name / Ticker  TPI
Token and Platform Type ERC20, Ethereum
Price per token 1 TPI = 0.0005 ETH
Accepted Cryptocurrencies ETH
Accepted FIAT Currencies None
Restricted Nationalities None

The Team 

Asoka Janaka

Maskal Boipai

Prithiva Janaka

About

 

The Problem

In UK there are not enough properties built every year to sustain the demand. Currently we need an extra 150,000 homes to be built every year. Because of this children are forced to live with their parents after starting work. The rental market has boomed but the rentals have gone up and not affordable for those who are starting up in their life.

Currently the government is spending around 3.0% of GDP on Housing and 2.4% on Defense. Even though we haven’t had a major war since 1945 the government thinks there is a need to spend around 45 Billion on Defense in 2018 and only slightly more on Housing.

Homelessness has increased. People young and old are sleeping rough. People are forced to live in their cars & caravans. Homeless are considered lazy by many. Yet it could happen to anyone of us. Anyone could loose their job or fall ill and end up not being able to pay their rent or mortgages. If family or friends are not their to help they can easily end up homeless.

Solutions

Creating a caring society

With our vast experience in construction  we want to buy land and construct affordable housing in the UK. A rent to buy scheme will be introduced where those who don’t have enough money for deposits can buy our new built properties. Rental would be calculated at a percentage of the base rate. Which would be substantially lower than the market rental price. Once they are ready to purchase the property the amount of rent paid will be used as their deposit and sold to them.  Since our properties won’t have any debt attached to it we can charge reasonable rents. Preference would be given to certain job categories like Nursing, Teaching etc.

Residential properties that are being repossessed will be bought from the owners before repossession and an affordable rent negotiated with the owners and they will be allowed to stay in their own properties. They will be given a buy back choice so they can buy back their property when their situation gets better at the current market value.

Our Goal

The Future of property buying

Our goal is to create a system where ownership of properties will become risk proof. A decentralised property market which is outside the boom and bust system we currently have. During the ICO we will create a coin. These coins will be ready to be exchanged when the ICO ends. The rate of exchange will be 1 TPI Token = 1 TPI Coin.

We have started the process to create the new coin. It will be based on the Stellar Protocol. We made this choice due to its speed in executing transactions and the cheap transaction fee.

$0
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33
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Crowdfunding ends on
July
22
2018
 
Our goal is to create a system where ownership of properties will become risk-proof. A decentralised property market which is outside the boom and bust system we currently have.
Step 1: Specify your contribution amount for ThaneCoin : DeCentralised Property Market

Social Footprints 

                            


 

Official  Details

Type of Crowd Sale ICO
ICO Name ThaneCoin
Registered Country / of operation United Kingdom
City London
Email
Contact Person  Not mentioned
Category Real Estate

Token Details

Start Date 16/05/2018
Een Date 22/07/2018
Token Supply 91000000
Whitelist/KYC? None
Token name / Ticker  TPI
Token and Platform Type ERC20, Ethereum
Price per token 1 TPI = 0.0005 ETH
Accepted Cryptocurrencies ETH
Accepted FIAT Currencies None
Restricted Nationalities None

The Team 

Asoka Janaka

Maskal Boipai

Prithiva Janaka

About

 

The Problem

In UK there are not enough properties built every year to sustain the demand. Currently we need an extra 150,000 homes to be built every year. Because of this children are forced to live with their parents after starting work. The rental market has boomed but the rentals have gone up and not affordable for those who are starting up in their life.

Currently the government is spending around 3.0% of GDP on Housing and 2.4% on Defense. Even though we haven’t had a major war since 1945 the government thinks there is a need to spend around 45 Billion on Defense in 2018 and only slightly more on Housing.

Homelessness has increased. People young and old are sleeping rough. People are forced to live in their cars & caravans. Homeless are considered lazy by many. Yet it could happen to anyone of us. Anyone could loose their job or fall ill and end up not being able to pay their rent or mortgages. If family or friends are not their to help they can easily end up homeless.

Solutions

Creating a caring society

With our vast experience in construction  we want to buy land and construct affordable housing in the UK. A rent to buy scheme will be introduced where those who don’t have enough money for deposits can buy our new built properties. Rental would be calculated at a percentage of the base rate. Which would be substantially lower than the market rental price. Once they are ready to purchase the property the amount of rent paid will be used as their deposit and sold to them.  Since our properties won’t have any debt attached to it we can charge reasonable rents. Preference would be given to certain job categories like Nursing, Teaching etc.

Residential properties that are being repossessed will be bought from the owners before repossession and an affordable rent negotiated with the owners and they will be allowed to stay in their own properties. They will be given a buy back choice so they can buy back their property when their situation gets better at the current market value.

Our Goal

The Future of property buying

Our goal is to create a system where ownership of properties will become risk proof. A decentralised property market which is outside the boom and bust system we currently have. During the ICO we will create a coin. These coins will be ready to be exchanged when the ICO ends. The rate of exchange will be 1 TPI Token = 1 TPI Coin.

We have started the process to create the new coin. It will be based on the Stellar Protocol. We made this choice due to its speed in executing transactions and the cheap transaction fee.

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