This is a self-assessment, meaning, it is information that the issuer has written themselves. The XRP Ledger Foundation does not recommend or endorse any individual token. Read more.
Project name: Torre Capital International
Currency: TORRE (544F525245000000000000000000000000000000)
Issuing account: rECcCi31jPhHxy8FmhBqc8sVwZkDYGgca2
Distribution accounts: rD5cybdY7xuRCGZPNKnfbqBQhQFcTBcJXZ, rw6e7dGja5EqPuLPANqnQFBNarhx56SCHV, rUM7UoxUAenrSvqZEP5sJWzjYJ3KjvW7Db, rs812oZLBB8wZoBSN3U9iLMiWAMSnBswpr, r9rbyFFwa4GoYXKubuVpAvYFdXtV7xK7Z5, rBGPcXhWGHxAEqCKcV3CJJ4AZzKD3WPwWU, r4HdNvLRuRVitLS7RrSJKhhCD6oNGAyyL7, r3jejYFmnQWaUhysk2AzekH2D1s9VH546u
This is revision number 1, signed April 23, 2023 by rD5cybdY7xuRCGZPNKnfbqBQhQFcTBcJXZ
Description: At TORRE, we're transforming the real estate investment market by offering fractional ownership of high-value properties through real estate asset tokenization. Our innovative platform uses the XRP Ledger's unique features to provide a seamless and cost-effective experience for investors. Through our platform, anyone can invest in real estate with smaller investments, democratizing access to high-value assets that were once only available to the wealthy. Our mission is to revolutionize the real estate investment market and provide a more efficient, transparent, and accessible investment model for everyone.
Unique selling points: What makes this token unique, compared to the broader landscape of tokens?
At TORRE, We believe that by creating fractional ownership opportunities through tokenization, we can open up the real estate market to a wider audience. Our platform allows investors to purchase a fraction of a high-value property, eliminating the high barriers to entry associated with traditional real estate investment. This model democratizes real estate investment, enabling people with limited financial resources to invest in properties they otherwise would not be able to afford.
Our platform is built on the XRP Ledger, a decentralized public blockchain that allows for fast, low-cost, real-time transfer of XRP, fiat currencies, and other digital assets. By leveraging the unique features of the XRP Ledger, we can offer our users a seamless and cost-effective experience.
Our platform's development will occur in several phases. In the first phase, we will focus on infrastructure development and asset tokenization. We plan to build the infrastructure of the real estate investment platform and develop partnerships with real estate developers worldwide. We will then tokenize high-value real estate properties by creating digital assets represented by non-fungible tokens (NFTs) registered on the XRPL. We will then fractionalize the NFTs into smaller portions, each represented by a wrapped NFT with a unique custom token name.
In the second phase, we will focus on developing a secondary market for fractional ownership, allowing investors to buy and sell their shares in real estate properties on the platform. We plan to offer users more liquidity and flexibility in managing their investments.
In the third phase, we will launch the real estate investment platform to the public, offering investors the opportunity to invest in fractional ownership of high-value real estate properties worldwide. We will also continue developing the platform's features, such as a user-friendly interface and advanced analytics tools.
In the fourth phase, we plan to develop a DeFi platform focused on real estate, providing an innovative and accessible way for people to achieve homeownership. This platform will disrupt the traditional real estate industry and offer an easier path for people to own their first homes without the burden of a traditional mortgage.
In the fifth phase, we will offer a crowdfunding platform for real estate development projects, enabling developers to raise capital from a larger pool of investors. This will foster more partnerships with real estate developers and offer users more investment opportunities.
In the sixth phase, we plan to expand the platform to include other real estate-related asset classes, such as mortgage-backed securities or real estate investment trusts (REITs). This will offer users more diversified investment opportunities and help them build a well-rounded portfolio.
In the final phase, we plan to develop a real estate investment education platform, offering courses and resources to help new investors learn about the real estate market and investment strategies. This will attract more users and increase their knowledge and confidence in investing.
Our target audience is primarily individuals who want to diversify their portfolio and invest in high-value real estate properties but do not have the capital required for traditional real estate investment. However, our platform's accessibility and transparency will benefit all users, including real estate developers and other stakeholders in the real estate industry.
In terms of licensing, we plan to make our platform open-source, enabling anyone to use and contribute to the project. We believe that an open-source approach will foster innovation and collaboration, ultimately benefiting our users and the real estate industry as a whole.
In summary, TORRE is building a XRPL-powered real estate investment platform that enables fractional ownership of high-value real estate properties worldwide.
Purpose: What is the reason for issuing a new token, rather than using an existing? What purpose does this token serve, that is not possible with the native XRP token or other already existing tokens?
The purpose of issuing a new token for this project could be to create a specific utility for the token that is not possible with existing tokens like XRP. This utility could be tied to the real estate market and could provide a means for investors to participate in real estate investments through the token. Additionally, the token could be used as a means of payment within the real estate market, facilitating transactions and reducing the need for traditional financial intermediaries. This could potentially provide greater efficiency, speed, and transparency in the real estate market. Furthermore, the token could also provide governance and voting rights for investors, allowing them to have a say in the direction of the project and the management of the real estate investments. Overall, the purpose of the new token should provide clear value and advantages over existing tokens and traditional financial systems.
Whitepaper/sales material: https://whitepaper.torreci.com/
The whitepaper includes concepts of how and when are the tokens created, total supply and if applicable the distribution models and total amount of allocation.
Risk reminder: The issuer has disclosed a warning or a reminder of the risks associated with crypto/tokens.
Bug bounty program: This is not applicable for this token.
The self-assessment is made on behalf of a legal entity (for example the issuer is a general partnership, limited partnership, private limited company, public limited company, corporation, commercial association or other).
Website: https://torreci.com/Website information: The website should disclose the following information:
- Details of the legal entity: official name and registry code, company headquarters mailing address
- Contact information: e-mail and other contact information
- Core team members
- Whitepaper if available
The website contains relevant information.
Business plan: A business plan should entail:
- the amount of revenue and expenditure by area of activity
- obligations related to the issuing of the token
- the technical administration of the company
- operational strategy
- the intended activities related to the token
- general principles of risk management and strategy of risk management
- policy for the financing of activities.
The issuer has developed a business plan for the next 3 years.
Risk assessment: A risk assessment should include identification of, assessment of impact and likelihood and mitigation measures and status of implementation for applicable risk scenarios.
The issuer has conducted risk assessment and implemented risk management activities.
Internal policies: Critical internal policies are necessary to manage risks.
The issuer has adopted and implemented appropriate internal policies and procedures in the areas of information security, business continuity, risk management and accounting.
Legal requirements: Legal requirements may vary per country and project. It is the responsibility of the legal entity to ensure legal compliance.
The issuer has assessed whether and what legal requirements apply to the project (licenses, jurisdictions, anti-money laundering regulations etc).
|Revision 1||April 23, 2023|