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Cybereits Review

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Revainrating 2 out of 5  
Rating 
2.0
Crypto Projects, ERC20

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Description of Cybereits

Cybereits is the blockchain online real estate trading platform. Achieving 200 trillion US dollars of global real estate digital transactions, opening up the digital currency payment channel.

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Type of review

Revainrating 2 out of 5

Real estate transactions project

A platform intended for the use of real estate trade, offers the consumer the necessary tools to be able to execute commercial and legal procedures on property rights with blockchain technology. Developed in the Ethereum chain, it contains its smart contracts and a DAPP that contains a series of contracts that establish the parameters for real estate transactions and that these have the least minimum of risk. Being on the Ethereum network, it consists of a cross-chain transaction mechanism and

Pros
  • First to innovate in a real estate marketing system based on blockchain technology
  • The chain contract of the CYBEREITS platform is based on Ethereum.
  • Uses the GXS Gongxinbao risk control engine to periodically review the credit of registered users
  • Establishes a mechanism of mutual trust and transaction between chains.
Cons
  • With the CRE token you can buy digital real estate shares on the CYBEREITS platform
  • There is no P2P section for real estate transactions.
  • It will take time to introduce this system, as the traditional system dominates the market.
  • Using both Ethereum smart contracts and the on-chain transaction network can be detrimental when Ethereum is congested.