Ekta Whitepaper v2
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Ekta Assets

Ekta Assets
Ekta Assets makes the long and complicated journey of purchasing and paying for physical real-world assets secure, simple, fast, and accessible to more buyers and sellers around the world. Ekta accomplishes this by using the power of the Ekta blockchain (EktaChain) to fractionalize physical, interest-bearing assets. This allows anyone to purchase an asset, while generating rental income, price appreciation, physical use of the asset(s), and other crypto and physical real-world rewards and incentives for all parties involved. Ekta Assets’ extensive roadmap includes:
  • fractionalized buying and selling of premium vetted real-world assets, such as real estate, private jets, and yachts
  • decentralized leasing/use of real world assets, such as a single trip on private jet
  • the deployment of Ekta’s stablecoin [$USE]
  • a robust decentralized ecosystem where buyers, sellers, leasers (“users”), and affiliates can earn high returns through the power of DeFi, and the $EKTA token
Physical assets can be residential property, commercial developments, land, hotels and other nightly/short term accommodation businesses, and luxury assets such as watercraft (yachts), aircraft (private jets), and more.
Ekta Assets Roadmap: (for the dates of roadmap refer to Asset Backed Roadmap)
  1. 1.
    Ekta Real Estate - Phase 1
  2. 2.
    Ekta Jets - Phase 1
  3. 3.
    Ekta Yachts - Phase 1
  4. 4.
    $USE (Ekta’s stablecoin) deployment
  5. 5.
    Ekta Real Estate - Phase 2
  6. 6.
    Ekta Jets - Phase 2
  7. 7.
    Ekta Yachts - Phase 2
Ekta Assets is a marketplace that connects asset owners with the Ekta community of fractional purchasers and vice-versa. Ekta Assets aims to connect asset owners with an international, liquid marketplace, and purchasers of all sizes an entryway to global fractional investments and real-world service provider transactions via the power of EktaChain. Ekta Assets offer both the buyers and sellers much more attractive costs/fees/rates, speed of transaction flow, and ease of use than traditional marketplaces.
Ekta Real Estate
The traditional method of buying and selling assets is expensive, time-consuming, wildly inefficient, and outdated. Ekta Real Estate will be available initially under the leasehold model (i.e. buying and selling long term-leases, such as 30 years) to satisfy regulatory requirements and operate in full compliance in every Ekta Real Estate market.
Ekta’s team of specialists review applications from asset owners, verify appraisals and other pertinent information and perform thorough due diligence and inspections prior to making an asset available for fractional ownership. Once an asset has been approved, an NFT is minted as the basis of ownership of the asset, and a “hard cap” of $USDT or $USE is assigned based on the real-world value/appraisal of the asset. Purchasers can then buy any amount of the asset in stablecoin or use $EKTA token and receive large discounts and other benefits.
All monetary exchange between buyer and seller can be executed in stablecoin for both parties, but either party may elect to receive their sum in $EKTA and gain significant rewards and other benefits by doing so.
Ekta Jets & Ekta Yachts
While several prominent private aviation and yachting companies have begun accepting crypto as a payment option, none of these companies have truly integrated or leveraged the power of blockchain technology to revolutionize the industry, and instead are simply using cryptocurrencies as a form of payment.
Ekta Jets is a joint venture partnership between Ekta and a well-established Jakarta-based private aviation company. The purpose of Ekta Jets is to provide consumers with NFT jet cards that can be used to access a fleet of jets for personal or business travel, on a one time basis or a prepaid hourly basis, on a variety of the top aircraft around the world.
Instead of following the rest of the industry and simply processing payments with cryptocurrency, users’ ownership of the Ekta jet card NFT and right to use the Ekta jet card NFT for air travel will be on-chain and provide other benefits including sale and transfer rights at marker price, highly discounted rates, expanded privacy, and non-parallel ecosystem benefits such as crossover benefits to Ekta Real Estate and Ekta Yachts.
Ekta Yachts will operate in near identical structure to Ekta Jets.
Traditional Asset Sales & Acquisition
  1. 1.
    Search for a suitable asset on a number of platforms based on needs and wants
  2. 2.
    View & inspect the asset, sometimes requiring 3rd party inspectors/auditors
  3. 3.
    Complete credit check, secure mortgage pre-approval
  4. 4.
    Negotiate pricing
  5. 5.
    Produce dozens of documents, secure loan approval
  6. 6.
    Arrange additional final inspections
  7. 7.
    Renegotiation
  8. 8.
    Sign, notarize & exchange paper contracts
  9. 9.
    Make deposit
  10. 10.
    Prepare for settlement
  11. 11.
    Organize insurance
  12. 12.
    Final walkthrough
  13. 13.
    Settlement with bank/lender, agents, buyer/seller
  14. 14.
    Adhere to complex tax compliance regulations
  15. 15.
    Manage the asset as a rental/hire a manager or utilize an expensive service like Airbnb
Ekta Real Estate F-NFT Model
  1. 1.
    Easily search Real Estate Marketplace via desktop DApp or mobile DApp to choose a suitable asset to purchase. Review cost, projected ROI, rewards options, photos and videos, terms and conditions, and real-world documentation.
  2. 2.
    Choose your preferred currency and purchase your stake in seconds with extremely low fees and fast transaction times. Buyer and seller will be democratically settled in seconds and ownership of the asset, or fraction of the asset will be transferred to the buyer's wallet.
  3. 3.
    Rewards are paid out monthly, unless otherwise specified.
  4. 4.
    Rewards are paid based on total net profit from all revenue sources of the asset.
  5. 5.
    Rewards include off-chain revenue and fiat transactions that the asset generates.
Ekta Assets aims to be the disruptive global leader in fractionalized asset sales. Through a carefully sequenced rollout strategy, and with the full power and support of EktaChain, Ekta Real Estate envisions a future where people around the world can buy and sell fractions of interest-bearing assets with ease at a significantly lower cost than traditional transactions. The development of Ekta Real Estate will occur in phases, with the objective of onboarding the maximum number of users and assets until on-chain activity is robust enough to successfully expand to new divisions and markets.
Asset Backed Roadmap
  1. 1.
    Phase 1: First Real Estate assets launch + first major developers
    1. 1.
      Objective: integrate early adopters into our flagship division of Ekta, list genesis F-NFT offerings, create a viable use-case driven market; evaluate the launch and make improvements to any inefficiencies
    2. 2.
      Timeline: Q4 2022
  2. 2.
    Phase 2: Ekta Jets and Ekta Yachts launch
    1. 1.
      Objective: further increase adoption and marketability of the Real Estate platform through high-value partnerships that offer both exciting and profitable assets (i.e. yachts/private jets), and visibility to established networks
    2. 2.
      Timeline: Q4 2022
  3. 3.
    Phase 3: Launch $USE stablecoin + scale partnerships and inventory
    1. 1.
      Objective: first large scale offering of assets available to the marketplace to drive mass adoption + stablecoin deployment to attract new real-world partners
    2. 2.
      Timeline: Q1 2023
  4. 4.
    Phase 4: Enhancements to marketplace for $USE and mobile web/app
    1. 1.
      Objective: Ekta Assets product to pass all beta testing and be ready for mass adoption
    2. 2.
      Timeline: Q2 2023
Strategic Partnerships
Ekta believes that we are only as strong as our weakest partner, and strive to thoroughly vet and onboard only the best operators in every vertical that Ekta Assets touches; successful strategic partnerships are critical to achieving our targets. Working with established brands helps us achieve multiple objectives at once: integrate users in large numbers into the Ekta network, grow our reach quicker, and offer the most desirable and largest range of asset options to purchasers and users.
Fee Schedule: Buyers
Ekta Assets will give users, asset owners, and service providers the freedom to choose how to transact, with various surcharges for each available currency. The fees below are surcharges in addition to network fees (which are negligible due to the low cost of EktaChain transactions) and will be earmarked for Ekta’s treasury and development fund.
  • Fiat (Credit/Debit): 4% fee
    • Net margin: ~2.5%
  • Non-Ekta Tokens: 0.5% fee
    • Net margin: ~0.5%
  • $USE: No fees
  • $EKTA: 20% discount
Fee Schedule: Sellers
Asset owners will also be subject to fees and/or benefits based on the currency they receive:
  • Non-Ekta Tokens: 0.5% fee
    • Net margin: ~0.5%
  • $USE: No fees
  • Locked $EKTA (locked 90/180/365 days): 10%/20%/30% bonus
Onboarding Assets & Asset Owners
Before listing an asset into the marketplace, all assets are thoroughly inspected and a due diligence report is published that includes:
  1. 1.
    Certified Asset Inspection
  2. 2.
    Current Management Report
  3. 3.
    Certified ROI Report (based on 12 month trailing P&L)
  4. 4.
    Certified Appraisal
  5. 5.
    Photos, Renders, and/or Video Walkthrough
  6. 6.
    Tax Status
  7. 7.
    Lease Analysis (and certified translation, if applicable)
  8. 8.
    Other Expenses (i.e. maintenance, insurance, etc, if applicable, based on trailing 12 months)
This report is completed before listing on the marketplace and provides prospective purchasers a clear and transparent report of each asset. This service further reduces the selling time of an owner’s asset from ~120 days to as quickly as same-day, and greatly reduces costs, fees, paperwork, and other inefficiencies of traditional sales.
Property/Asset Management
Ekta will only work with established developers (or other asset classes) that have a long and proven track record of managing a turnkey operation with no need for purchaser intervention. All partners will be thoroughly vetted to ensure minimal downtime, calendar/booking management, repairs and maintenance, utilities, and other financial, legal, or professional obligations are met in-line with Ekta’s standards.
Annual Financial Audit
For total transparency, a 3rd party firm will audit each listed asset’s financial reporting every year, to ensure that reporting and forecasting are always accurate and based on current real-world data. Purchasers will have total confidence knowing that their stakes in real world assets are truly worth their advertised price while being distributed the correct rewards each month and earning on price appreciation.