Evareium Successfully Digitalizes Real Estate Investment and Utility via Blockchain
- Successful pre-ITO phase completed
- The first official public launch of the Evareium token sale commenced 1 March 2018
- Evareium is disrupting the largest playbook crypto will ever see – a c.US$ 220 trillion value asset class with US$ 10 trillion economic contributions annually.
06th March 2018, Dubai
Evarei Management LLC (“Evarei”) of the UAE today announced that after completion of a successful pre-ITO phase, it launched the first Evareium token sale this week. This major phase in Evareium’s business evolution means individual investors now have the chance to own a beneficial stake in lucrative property investments Evareium intends to undertake by owning the Evareium token – a pioneering and award-winning* investment model founded on blockchain technology.
Evareium has been launched to pioneer crowdfunding and management of direct investments in real estate, starting in Dubai and the GCC region before evolving globally. Evareium provides the means for investors can relinquish the burden of having to physically buy, sell and manage the property themselves but get the opportunity to passively avail compelling asset-backed investment returns.
Stefan Hickmott, Evarei CEO and Director of EVM Blockchain Limited commented, “Evareium is based on proven models which consistently outperform regular property ownership – it’s a completely managed investment platform for the ‘click-in-and-click-out’ digitalized investment generation, targeting the largest asset class in the world at c.US$ 220 trillion in value and over US$ 10 trillion in economic contribution globally per year. Evareium’s global vision is a complete ecosystem digitalizing real estate investment and operations. With boundless potential, there’s no bigger blockchain playbook than this.”
In a rapidly evolving, digital world, with seemingly hundreds of blockchain and digitalization initiatives being launched every day, real estate stands apart as what we would term a ‘fundamental’ asset class; the sheltering and utility functions of property are both fundamental needs and complete necessities in order to go about our daily lives. From the homes we live in, to the offices we work in, schools our children go to, hospitals and care homes providing services to our infirm and elderly, and the shops and leisure facilities we spend our time in – our vision with Evareium has been to activate digitally this inherently illiquid asset class by creating a completely digitalized ecosystem model defining a unique coalescence between technology and physical property utilization and experience – which will soon become a new paradigm.
Like Tim Berners-Lee creating the World Wide Web, or Apple creating the App Store, with Evareium we have created essentially a complete playbook for digitalizing the real estate asset class and the operations they host – the potential of which is only just starting to be realized. And Evareium’s 3-token strategy is the digital tapestry upon which this rapid digitalization of property investment holding and utility can play out.
Hickmott added “Disrupting the global private equity real estate fund market on a large scale has always been high on our strategic agenda and this is the first step towards achieving that. We have assembled a core team of world-leading ICO and blockchain professionals including Alex Norta of QTUM and Cedex fame; crypto asset and real estate entrepreneur, Phillip Nunn; Christian Papathanasiou, Director at DarkMatter and founding member of the UK Digital Currency Association; and Paul Moynan co-founder of the highly successful Dragon Coin Initial Coin Offering. Evareium uses a compelling and innovative ecosystem model, which takes the interplay between real estate elements and stakeholders fully into the decentralized, digitalized era.”
Having already been backed by private founding investors based on earlier capital raising rounds, the project has reached baseline critical mass and is now embarking on its full public launch to raise requisite funds and acquire assets.
The Evareium ITO is currently live, with a final EVM ITO phase scheduled to commence after the current phase. Along with the issuance of EVM tokens to investors, EVM purchasers avail free credits for a follow-on issuance of the Evareium Utility Token (“EVT”), as a significant bonus feature for subscribers. The minimum contribution is 0.1 BTC or 1.0 ETH.
Evarei is a real estate asset and management advisory firm based in the UAE.
The term Evareium pertains to a Cayman Islands limited partnership fund which is to be the entity pursuing the Evareium fund offering.
Evarei advises EVM Blockchain Limited on matters relating to the establishment of the Evareium real estate initiative and evaluates assets and projects suitable for Evareium.
Stefan Hickmott has been living in Dubai and the GCC region since 2001 and has an extensive experience in real estate acquisition, advisory, and private equity, having previously been vice president of The Abraaj Group and an instrumental executive at the firm that has now become Jones Lang LaSalle MENA.
*Evarei won the award of ‘Most Innovative Real Estate Fund of the Year – UAE 2017’ presented by International Finance and International Finance Magazine in January 2018
Company name: Evareium
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