AMA Recap — VESTATE X ProBit Global

Speaker: Adyinhan Melet

CEO & Co-founder

Part 1 — Introduction

• Please provide our audience with an overview of the project, What problems does Vestate (VESTATE) seek to address? And what have you set out to accomplish?

Vestate, in its simplest definition, is a global online real estate platform. One of the biggest shortcomings of the sector is that when you want to acquire any property abroad, you have to discover the relevant country’s platform and learn a new system. This is especially a challenge for real estate agents because they have to create a new portfolio from scratch on each platform and gain a certain popularity for that account in order to make their listings more visible. It’s a waste of time for them. Vestate provides a global reach: One platform and sales everywhere! Moreover, the system also includes an upgraded version of the commission system that is already in classical real estate companies. With this system, which we call Vestagent, real estate agents’ commissions are distributed completely fairly and transparently through Web3 systems.

The best part is that Vestate is not just for real estate agents. Just as anyone can provide accommodation services on Airbnb, anyone on Vestate will be able to earn commissions and create an income model by trading real estate.

We basically set out to create a real estate model that can be used by everyone and will take international real estate trade beyond the borders of the country. For this purpose, we modernized the systems of classical real estate companies that have been operating for many years and upgraded them with Web3 systems. You can imagine us as the Opensea of the web2 real estate and web3 RWA industry in the future.

• What is the utility of the VESTATE token, and can you tell us about its features?

VESTATE is a utility token, and its utilities operate through the be a holder and Vestmap system.

On our Vestate platform, where property listings are located, the system expects you to meet certain conditions in order to gain strategic and developmental benefits that will put you in an advantageous position in selling, such as the number of listings, highlighting ads, additional opportunities, and bonus training. Depending on the advantage to be provided, people must hold or stake a certain amount of tokens. As long as they do this, they have the relevant privilege. This allows people to increase their visibility in order to turn the listing into sales and generate direct income.

While we’re on the subject, let me briefly summarize: Vestmap is basically a gamified staking system for utilities. You gain both advantages and passive income by staking tokens in city pools whose APY rates are determined by AI based on real estate market data.

• Can you tell us a bit about your tokenomics and project fundamentals?

Total Supply: 500,000,000 and Circulating Supply: 143,700,000 $VESTATE. A detailed distribution of tokenomics is available in our litepaper. Each one is locked for different durations and with different vesting schedules. It will take May 2026 for all the locks to be opened.

We can say that the foundations of the Vestate ecosystem are powered by three points.

1. A global proptech platform where anyone can earn income through real estate transactions

2. Vestmap Staking System established to provide strategic advantages on the platform

3. Team-based collaborative fair commission distribution system: Vestagent

• What’s something unique that VESTATE is doing which sets you apart?

The main difference that distinguishes us from all other RWA projects is that we are not subject to legal handicaps. Today, Vestate’s coverage of RWA projects comes from its commission tokenization. Since the commission is a tokenized asset, it is not subject to regulations. In this way, Vestate can be activated even now without waiting for RWA tokenization to be legally acceptable. In the future, when the legal conditions mature, a small integration will be enough to include the purchase of RWA with cryptocurrency in the Vestate system.

In addition, the lack of a global real estate platform in the sector and the lack of a system where everyone can earn income from real estate are other strengths of Vestate.

• What does the roadmap look like for VESTATE? What are your major goals for 2024 and beyond?

Our major goal in Vestate’s roadmap is to complete the development of the platform where listings will take place and present it to the public. In the roadmap, you will see that we have divided the release of the platform into periodic pieces based on the target audience that will use it. In this way, we will be able to progress more efficiently, step by step, by detecting and improving the tests and updates of the system more effectively. Of course, all these processes will be supported by marketing campaigns. In addition, we will activate various promotional systems to increase the number of members on the platform.

You can find the detailed roadmap on Litepaper.

Part 2 — Twitter Q&A

Question 1 is from @ / AZUK3630 who asks:

Can you provide insights into the governance model of VESTATE, particularly in decision-making processes related to platform enhancements, feature updates, and community involvement in shaping the platform’s evolution?

Answer:

Being a community-oriented project is one of our most important values. In the future, of course, we will make some decisions with community involvement regarding developments and updates. For this, we will use all our social media channels in an integrated manner. At the same time, through the ambassador program, we are establishing a system where we reward community activity and include the community in team spirit. We will start taking the first steps towards this soon.

I would recommend everyone join our communities and become a Vestie! Participation and activity are always appreciated.

Question 2 comes from @ / Tolgaozek

Due to some reports, even The US real estate blockchain market is expected to reach $10 billion by 2025. So which markets will you aim firstly concerning regulations also?

Answer:

It is obvious that regulations create a major handicap for RWA tokenization. This is the main reason why web3 RWA projects cannot take action at the moment, and it is also unknown when action can be taken. It seems that it is not possible for now to predict when the regulations will mature enough to allow real estate trading with Web3 systems. Vestate’s biggest advantage is that regulations do not pose any problems for our system. We tokenize commissions. All buying and selling transactions on our platform proceed through standard legal systems and fiat currencies. At this point, we have legal opinions and documents supporting the basis of our project. Therefore, Vestate is a platform that can be activated in any country without having to worry about regulations. But of course, we will have a strategy in which we determine our priorities in terms of the market. It is planned to be activated initially in Cyprus, then in Turkiye and then in Dubai. Details on this issue are not yet clear, but there may be changes in light of the agreements made with real estate companies.

We’ve got @ / tapxoxx with Question 3:

What role does the utility token of $Vestate Fund play in incentivizing broader participation and aligning the interests of token holders with the long-term success of the Vestate ecosystem?

Answer:

The main factor here is that if the Vestate token were an investment token, it would only need holders to be bought and sold. Vestate is a utility token, meaning it is an integral part of the Vestate ecosystem. When you sell a property on the platform, a portion of your commission will be paid with Vestate tokens. Therefore, this means that every person who uses the system will also be a potential holder. At the same time, people will have many reasons not to sell the token because the more tokens you hold or stake, the more advantages you will gain and get ahead of your competitors. Getting ahead of your competitors is not like climbing the leaderboard in a game. Getting ahead of your competitors means you can sell more properties and simply earn more income.

Apart from this, of course, there will be those who trade only for investment. However, the sustainability of the system does not rely solely on this. The sustainability of the system is also integrated with the platform. So yes, being included in a sustainable system in the long term will, of course, provide an advantage for all holders, whether they are members of the platform or not.

Now onto Question 4, from @ / MsBlueberryhut:

What are the key advantages for investors looking to diversify their portfolios by investing in real estate through @VestateFund compared to traditional methods?

Answer:

First of all, the biggest disadvantage of traditional systems is that they require initial capital. You must have preliminary capital with which you can rent an office, cover office expenses, establish your own real estate team, and, of course, continue this for a certain period of time. At Vestate, your capital requirement is zero. Vestate offers you a completely remote real estate service opportunity. There is no platform membership fee, no need for an office, and no obligation to stick to a location. Imagine a real estate agent who can do his job from anywhere in the world. This cost-effectiveness and wide portfolio are beyond the reach of traditional methods.

On traditional digital platforms, the most basic function is missing. Commission distribution structures. Vestate ensures that you receive the fair commission you deserve from your sales at the legal rates of the country where you sell. Moreover, you do not even have to be a direct salesperson for this. Even being an intermediary in a sales transaction is enough for you to receive a commission.

I can summarize the most basic differences this way.

Lastly, Question 5 from @ / StrikerCrypto2:

There are 1 Million People that has real estate license worldwide from website of VESTATE. So any survey or insights how they are eager to adopt to crypto in general?

Answer:

Great question! Could we have predicted about 30 years ago how quickly digitalization would spread? For example, that a small device we carry in our pocket will be as critical as one of our lifelines? But we all have it now, right? Here, I believe what we really need to think about is not how eager they are to adopt, but how eager they will be.

Crypto has already started to integrate into our lives. There will come a time when we switch to debit cards that we can spend in daily life. What is important for us is to be present when this evolution begins in the real estate industry. Vestate goes beyond being present. It opens the door to adapting to them even earlier today. With the training we will provide, we will prepare them for the web3 real estate world of the future, and while doing this, we will also enable them to make sales and earn income. This is where we take our belief that we will be a pioneer in the revolutionization of the sector.

Part 3 — Live Quiz

• Question 1: What makes VESTATE unique? @ / Dogewhite

Answer:

Vestate unites the strength of both web2 real estate agents and web3 real estate projects, providing them with a unique & fair tokenized commission system.

• Question 2: How do people earn income with VESTATE? @ / Crypto Josh

Answer:

With Vestate, anyone can make a profit by brokering the buying and selling of real estate.

• Question 3: What is the aim of VESTATE? @ / Fentasy

Answer:

Vestate’s aim is to provide a global real estate platform where everyone can earn income by buying and selling properties.

• Question 4: What is the name of the VESTATE utility tools? @ / BayKemmel

Answer:

Vestagent and Vestmap.

• Question 5: How does VESTMAP provides benefits to the users? @ / Abdul Rahim

Answer:

By providing a gamified staking experience and gaining strategic advantages on the listing platform.

Part 4 — Bonus Quiz round winners:

1. Ambassadors play a very important role in every project. Do you have an ambassador program? if yes please share it with us? @ / Chiến SEI

Answers:
We will divide our ambassadors into two groups, real estate and web3 ambassadors, according to their areas of expertise.

Of course, we will open an application form for this program when it becomes active, but our priority in these elections will always be the people who have the highest contribution to the project and the community.

2. Where can I buy your tokens right now what is your current contract and how can I buy them? @ / Johny Đức Đây Rồi

Answers:

We are currently listed on Xeggex and Probit Global. You can find our contract on our website. Additionally, I can inform you that another tier-1 listing will be coming soon. Stay tuned!

3. Can you explain how Vestate leads the way in Real Estate 3.0 by combining AI with proptech, offering users a futuristic real estate experience? @ / Jables

Answers:

I mentioned that the traditional real estate system has shortcomings in both physical real estate and digital platforms. At the same time, there are some obstacles to web3 projects. Vestate’s power in being a pioneer comes precisely from its positioning as a solution and a bridge between these two problems. So, there is currently no global real estate platform in the industry. We also have time to have a web3 project that can use web3 integrations. Vestate is the only project that combines the power of both web2 and web3, closing both gaps!

Since our platform is not live yet, we have not published any guides. But of course, we will publish articles and videos that will guide you for each system we activate.

4. Partnership is always an important factor for every project. So who is your partner? What are the benefits you get from those relationships? @ / Minh Hiếu

Answers:

We agree that partnerships are very important. Our greatest strength here comes from the wide real estate network I have accumulated due to being in the sector for many years. I’m in touch with all my contacts now. We’re getting great feedback. However, there are milestones we are waiting for to announce these partnerships.

5. Do you have a user manual or short videos that would guide potential users of VESTATE to safely navigate your platform? Have a good day @ / Alex Dương

Answers:

Since our platform is not live yet, we have not published any guides. But of course, we will publish articles and videos that will guide you for each system we activate.

And that brings to a close our AMA! Thanks to everyone who participated to make this event a success! Thank you, especially, to the VESTATE team for the great AMA session! We are pretty sure our community now knows better about the VESTATE project & team!

Remember to participate in our exciting VESTATE Trading competition which is ending soon!
https://www.probit.com/en-us/competition/202402vestate