Dominium Initial Token Offering (ITO) Review and Critical Analysis of DOM token

 Dominium is building the next generation decentralized ecosystem for trading and management of real estate properties. The real estate business is nothing new and real estate property listing platforms are numerous today on the internet. One of the challenges facing the traditional real estate management platform is inadequate information about the property and the seller. This can be attributed to lack or insufficient data collection about the properties and the traders on the platform. Many of this property listing platform have relatively poor customer support and there has been reported issue of scam due to inadequate information about the users on the platform. Finding solution to the problem facing traditional real estate platform is what bring about the development of Dominium platform will be making use of blockchain technology in managing user properties. Ardor blockchain which consist of child chain specifically design to suit business such as the property management will be used. This blockchain is robust and it is developed to take care some major properties such as scalability and security which are the major problem facing some early blockchain technology. One of the key features of the Dominium is the DOM token which is a utility token. This token will be used on the platform specifically for some of the activities listed below:

• Asset creation
• Asset trading
• Support tickets creation
• Charities voting
• Property listing on the platform for sale
• Property listing on the platform for rent
• Rental agreement registration
• Purchase agreement registration

The above activities is very crucial because they represent the core functions that users on the platform cannot do without and this go a long way to show that DOM token will be used continually on the platform. Also fees are charged on the platform in Euros which can only be paid using the DOM token. In order to stabilize and create more demand for the DOM token, the dominium will use part of the income which is generated when the platform is officially open for trading to purchase back the DOM token from the token holder. This process is refers to as buy-back. The collected DOM token will be removed from circulation and will be burned. This will eventually create more demand with low supply of the DOM token which will cause the value of the token to appreciate.

Token sales

Dominium has completed the preliminary token sales and currently the public sales have started. During the preliminary token sales, 100 million DOM token were offer for sales at € 0.05 per token. For the public sale which is currently on-going, 500 million DOM token will be offer for sales in FOUR phases. For each phase, 125 million DOM token will be sold at price ranging from €0.10 to €0.25. Dominium is accepting payment using cryptocurrencies which include; BTC, ETH, BCH, LTC, BNB, NXT, ARDR, IGNIS while investors can also pay in Fiat. All investors and individual or company interested in dominium project should take note that KYC verification is compulsory before they can participate in the initial token offering. For more information about the dominium you can visit any of the links listed below

http://dominium.me/ 

https://www.facebook.com/Dominium.me/
https://twitter.com/Dominium_me
https://www.youtube.com/c/Dominium_Blockchain
https://t.me/dominium_en
https://medium.com/dominium
https://www.linkedin.com/company/dominium.me/
https://www.instagram.com/dominium.me/
https://www.reddit.com/r/dominium_blockchain/
This Article is written by
Thesmallgod

Note: icokick is dedicated in providing our readers and cryptocurrencies investors blockchain project that we feel might interest them. However, readers and investors should take time to do their own background check on any project as this article is written according to what is provided on the whitepaper of the above ICO.