NAREIG (North America Real Estate Investment Group) announced its real estate coupon Ethereum token pre-sale plan. NAREIG will tokenize the real estate coupon on Ethereum platform and enable the cryptocurrency owner to use this tokenized coupon to purchase properties. The token is named of HCT (House Coupon Token), and the opening pre-sale date will be January 16th, 2018.
"We are thrilled to announce our own Real Estate Coupon Ethereum tokens and it will become the first Real Estate Coupon tokens in the industry. Instead of establishing a brand-new distribution platform, we issue our tokens on Ethereum. Given to NAREIG’s business model, we decided to use blockchain technology to develop our application." said Hunter Lin, the Founder, and CEO of NAREIG.
The NAREIG tokens are “coupons to purchase real estate properties”. Each token purchased at $1 cash value can be redeemed as $100 token value which is $ 100 cash value when clients purchase properties with NAREIG. (Limitations and restrictions applied). Since the company’s business has expanded globally, the token can be utilized in 12 different countries. The HCT has very stable value and it also provides liquidity through tokenization.
NAREIG’s tokenization approach to real estate coupon sets an anchor value to the token, while many other tokens in the market proved to be unreliable and prone to volatility. The purpose of HCT is to provide stable incentives that benefit real estate investors. Historically, many types of coupons were wasted because of liquidation issues. After tokenization, our tokens can be easily acquired and sold in minutes.
NAREIG will only issue 20 million HCT tokens in total. It will distribute 1 million HCT during pre-sale, starting from January 16th to January 25th, 2018. After then, it will release 9 million HCT during crowd sale, starting from January 28th to March 18th, 2018. To learn more, please visit www.nareigus.com.
NAREIG International Realty is a full-service real estate brokerage company. It represents clients worldwide in a broad spectrum of real estate services, including residential sales, commercial sales (such as office buildings, hotel, and retail centers), land development, property management, and additional services.
NAREIG was established in Seattle in 2012 with initial vision of providing an online-to-offline platform to help international real estate buyers to invest in North America. Over the past five years, NAREIG has evolved into an industry leader that providing real estate services in various states including Washington, California, and New York. With corporation of various local strategic partners, NAREIG has its operations in United Kingdom, Canada, United Kingdom, Germany, France, Portugal, Spain, Greece, Australia, New Zealand, Japan and Thailand.