Question 1

What is Vestate (VES)?

Accepted Answer

Vestate (VES) is a digital currency that operates on the Ethereum blockchain, introduced in 2024. It supports an AI-powered proptech platform that aims to modify the international real estate market by tokenising real estate agent commissions and integrating traditional real estate agents with blockchain-based real estate projects. The platform focuses on tokenising commissions from real estate transactions to enable seamless distribution of commissions, staking privileges, and a cohesive ecosystem through the use of the $VES token​​​​.

Question 2

What is Vestate (VES) used for?

Accepted Answer

The functionality of Vestate encompasses several key areas, primarily aimed at addressing challenges within the real estate sector through the use of blockchain technology:

* **Commission Distribution:** VES facilitates a transparent and efficient method for the distribution of commissions in real estate transactions, utilising a mix of stable and native tokens to ensure clarity and accuracy in commission allocation.
* **Staking for Services:** Through staking VES tokens, users can increase the visibility of property listings, gain access to additional services, and avail of special offers and agent-related discounts on the platform.
* **Unified Ecosystem:** The $VES token plays a crucial role in the platform, enabling users to participate in sales targets setting and contributing to the platform's development. The token helps in creating a consistent and effective environment for all users within the Vestate ecosystem​​.

***The official Vestate ticker is “VES” and trades under that name on all the exchanges where it has been listed. The designation “VESTATE” is for CryptoCompare.com only.***