FOHO Coin

What is FOHO Coin

FOHO Coin is the crypto-currency issued by FOHO Holdings which will serve a key role for anyone to participate in the FOHO ecosystem. Participating in some portion of the economy - for instance sponsoring a deal on FOHO Haus or organising a Club on FOHO Club - will necessarily require FOHO Coins - while buying a Real Estate fraction or joining a Club for instance, can be done both with the FOHO Coin or with Fiat currency or other crypto currencies.

Participation in the FOHO Haus marketplace is democratic and open to all FOHO Coin holders and governed by smart contracts on the blockchain with governance functions based on the number of tokens held by the token holder. Owning a fractional interest in a property does not entitle a FOHO Haus Member to any usage and the goals of all owners are aligned - they all would want the property to appreciate rapidly and to generate the best possible yield e.g. the same condominium from New York overlooking Central Park from the FOHO Club example, could be listed on FOHO Haus and a set of people that are only interested in Ownership* in the property and associated benefits like yield and capital appreciation would buy fractions on FOHO Haus.

A more common scenario would be of a Sponsor creating a deal on FOHO Haus and attracting fractional owners and then adding the same property on FOHO Club attracting fractional renters. By use of the FOHO ecosystem, property owners who will be deal Sponsors on FOHO Haus, property managers who will be Club Sponsors on FOHO Club, Fractional Real Estate Investors and Fractional Real Estate Renters can all participate in a seamless Real Estate sharing ecosystem.