A: aassio can be used by:
A: aassio can solve the 3 critical problems in current real estate investing:
A: If a property generates negative profit (which happens rarely in real estate market), then it will trigger the opposite procedure of the buybacks & token burning, namely, issuing new tokens. The total token supply would increase, as a result the value of each token decreases. It's theoretically possible, as it happens in the traditional real estate market. However, this is not common.
Another reason for aassio being a better & safer real estate investment is that the aassio ecosystem will cover the whole world, not just one region. Meaning if something happens to destroy the real estate market in one region (e.g. war, natural disaster), the value of aassio is still automatically hedged by the global strategy. The risk is enormously lower compared to investing into one single property in a single location.
A: Here at aassio, we would love not to have to ask you for any information so that you could make anonymous token purchases. However considering the current state of Anti Money Laundering laws, we need to ask for some basic information when you buy AAS tokens to comply with recent legal frameworks. This will help us to protect you and your investment now and in the future. The Know Your Customer information (KYC) we require for AAS token purchases simply allows us to verify your identity so we know the members of our community. We are doing our best to keep the process as easy as possible.
This process will be done internally by aassio so we do not have to share your information with any third parties. KYC is how we will be able to check the source of the funds coming in from our token sales and is required by governments, regulators, and banks for our company to operate. Within aassio, we have spent a lot of time debating how we would apply KYC and the pros and cons of this data collection. By processing the KYC documents ourselves you can rest assured that your private and sensitive information will stay with us and you will know for sure that your data will be handled only by us.
A: The Know Your Customer (KYC) process begins as soon as you sign up on the aassio website and create a user account. You create your new aassio account on our website, add your Ethereum wallet, and decide on the amount you want to contribute. Based on this initial purchase, aassio will begin the KYC identity verification process.
Our KYC will have five levels with each level adding a few requirements. At the first level, we ask for you to sign up on our website and to verify your email address. On level two, we ask for your mobile phone number and we will send you an SMS message with a special code to verify that you own that number. On level three for purchases, we request digital images of the front and back of your passport and a photo of yourself. An easy to take mobile phone selfie will do. For level four for purchases we request a proof of address in the form of a utility bill or bank statement which is no more than 3 months old with your current address. Finally, on level five for purchases you are who you say you are and to get to know you a little better as an important member of our community. Each increasing level requires that all of the information of the proceeding levels to all be submitted. For example for community members at level five, we will need the information for levels 1, 2, 3, and 4. Please see the chart below for clarity. If you have any questions, find us on Twitter @aass_io or join our Telegram group @aassioglobal .
A: aassio’s plan for the distribution of the billion tokens issued initially is:
A: The status of your token purchase transaction can be found on the blockchain explorer. You will also be able to see the token balance reflected in your Ether wallet if you add the AAS token to it.
A: Any wallet compatible with ETH is also compatible with ERC20 tokens. However, you should NOT purchase tokens directly from an exchange wallet (Coinbase, Binance etc). An exchange wallet is managed by the exchange, and you do not have direct access to it. If you purchase tokens from an exchange wallet, you will not be able to access the tokens. Here is a list of recommended wallets: