First Realtor's Deal Using Blockchain Concluded in UK

Four-room house in Oldham was first in United Kingdom to be sold using distributed ledger technology
19 March 2018   729

In Oldham, in the county of Manchester, a first house purchase deal was concluded using the blockchain technology. It is the first deal of this kind in UK. This is reported by Buy Associattion.

Manchester Group HS Property Group used the Clicktopurchase platform to sell a four-room house in Oldham.

As a company which prides itself on innovation, we want to offer our global investor network a more straightforward and secure method to purchase residential investments without compromising any legal safeguards.

Guy Horne
Director and co-founder, HS Property Group

All stages of the transaction, including supply, acceptance and exchange of contracts, were recorded using the blockchain.

Some of the biggest problems the property industry faces is the length of time it takes to exchange contracts along with the lack of certainty. Real estate transactions can be complex but by using clicktopurchase the process is significantly quicker.
 

Neil Singer 

CEO, clicktopurchase

The only yet not digitized stage is the registration of the purchase manually in the Land Register.

Binance DEX to Launch Trading

Mithril is the first asset, that is trading on new platform; also, the exchange presented the listing rules for assets
25 April 2019   83

Binance DEX announced the start of trading in the Mithril token (MITH) together with Binance Coin (BNB). This is the first asset in the listing site.

At the same time, the exchange presented the listing rules for assets. So, anyone can release a token on the Binance Chain, but listing it to the marketplace takes place in several stages.

First of all, the issuer must place a listing application on the Binance Chain community forum, providing answers to a number of questions relating to the innovativeness of the project, its scope and other characteristics.

After that, the issuer must make a deposit in the amount of 1,000 BNB within two days, which will be returned later. Note that the listing of an asset on Binance DEX must be approved by at least half of the validators.