Elements Estates (ELES)

Elements Estates is developing a blockchain-powered platform with an underlying portfolio of real estate deriving from the distressed assets of banks. The platform enables the utilization of ELES tokens through rent or purchase of real estate and other services, all mainly related to modern and newly developed properties in platform ownership. Elements Estates allows individuals to engage in something that will promote the growth of token value by unlocking distressed assets’ hidden value deriving from non-performing bank portfolios, often reserved for significant players.

There has been a high demand for distressed assets since the last economic and financial crisis, which disrupted the European financial and economic landscape. Over the last couple of years, the Elements team was part of various significant distressed acquisitions in the South-Eastern Europe (SEE) region in which they functioned as an advisor to hedge funds from Western Europe and the USA. The Elements Estates project is another step in that area. It will build a private corporate fund aimed at purchasing, developing, and maintaining real estate across the regions. It will be governed by blockchain smart contracts and managed by an experienced team with a proven track record.

Elements Estates leverages the blockchain technology to create a platform that will allow anyone to benefit from real estate opportunities in distress market. It will function as a transactional hub between a fund and ELES token holders who will benefit from the token’s rising value. The ELES token will also be utilized as a method of payment in all transactions related to the properties owned by the fund, guaranteeing transparency and security. All services will be payable in ELES tokens alone.

The ELES token is among the first cryptos to combine the blockchain with distress real estate opportunities. It is classified as a utility token since the holders will not have shares of the corporate private fund or ownership. However, they can benefit from its deployment and utilization through the platform.

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