Review on Relex by Ogulnar Annamuhammedova

Relex is a new real estate management and investment platform. Indeed, according to many futurists, it is real estate, together with cryptocurrencies, that will have real value in the future. However, while this statement sounds ambitious or even utopian, today everything is going exactly towards this. We see how fiat money is losing more and more to electronic money, while real estate remains the yardstick of the material world.

That is why this publication will describe in detail a rather ambitious project, which, in addition to its tokens, also has a platform for investing in real estate.



The RELEX project was launched in October 2017 and has already managed to show good results in a fairly short time. Bypassing the ICO stage, the team chose a different way to enter the market. Firstly, it helps to avoid a sharp drop in the market price after the end of the ICO, and secondly, it will allow early users of tokens to better familiarize themselves with the features and understand all the advantages of the platform. Despite such a quick launch, they managed to attract investors and signed a contract with three major developers from Vietnam, Canada and the United States. As conceived by the founders, holders of RLX tokens have the opportunity to invest in objects at the development stage, gaining the right to become the trusted owner of shopping centers, office buildings and other objects. All partners who cooperate with the RELEX platform agree to strict transparency conditions and accounting standards that are enforced by the blockchain network. Thus, the attractiveness for investors is increased. All parties benefit, investors see the history of the project, and developers get access to financing. From autumn 2017 to January 2018, the capitalization of the project increased by 440% and amounted to $ 4.4 million.

The founders of the RELEX project, they are also the founders of Squawk Advisors Inc., focused on the implementation of blockchain technology and its application in practice in the real estate industry. This decision and choice of direction was due to the fact that the traditional real estate system works in such a way that developers have access to a limited number of institutional investors, the real estate market requires a wide coverage of investors. Verification and bureaucracy to confirm future developments could take 6 to 12 months, along with 10% of the budget to cover various costs and expenses. Thus, intermediaries in the real estate industry, such as banks and institutional investors, have become a major obstacle to the implementation of projects. This reduces the time and costs for developers to obtain capital and implement construction and removes obstacles from the old system.