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HouseCoin (HSC) ICO

ICO
Past
Jan 15, 2019 – Apr 15, 2019

HouseCoin is a UK Real Estate Development Finance lender which specialises in loans which are backed by large scale UK Development Projects. All loans will be repaid using House Coins via Smart Contracts while using British Fiat Currency as a baseline of exchange.

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HouseCoin (HSC) ICO ratings

ICOrating.com HouseCoin (HSC) icorating
Hype score Low
Risk score NA
Investment rating NA
ICObench.com HouseCoin (HSC) icobench 2.8 / 5
ICOmarks.com HouseCoin (HSC) icomarks 4 / 10
TrackICO.io HouseCoin (HSC) trackico 4.3 / 5
ICOholder.com HouseCoin (HSC) icoholder NA
Our rating
6.6
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Overview

Project industry Real Estate
Product type Cryptocurrency
Founded United Kingdom
Technical details HouseCoins are standard ERC20 tokens on the Ethereum network and have a maximum supply of 100 million. The tokens have pre-scheduled release targets for the next 10 years. Please note that 50% of all tokens will be released at ICO while the remaining tokens will be released once a year from Reserve

What is HouseCoin

Mission Statement

The vision of House Coin is to become a market-leading lender in the United Kingdom (UK) real estate development sector leveraging Blockchain technology, which has unlimited potential for both growth and scale in the raising of finance for real estate developers, while maintaining the integrity and security of a decentralised platform.

The implementation of Blockchain technology into real estate development finance in the UK will both revolutionise and innovate the growth and success of this industry.

Problem

Real estate development in the UK, although lucrative, demands significant expertise, operations, management, and financial resources to successfully execute and deliver a profitable development project. There are both financial and non-financial risks involved which may only be successfully navigated by experienced and sophisticated developers, which makes this an exclusive investment strategy. Consequently, significant barriers to entry still exist in a lucrative market which offers strong financial returns.

Solution

House Coin simplifies UK real estate development as an investment strategy through tokenisation which allows participants to reap great rewards through strong utility use cases and a very limited supply in circulation.

House Coin will help developers move fast on development opportunities without the burden of constantly raising finance. All loan repayments will be made monthly in House Coins via Smart Contracts while using the British Fiat Currency as a base line for exchange. Unlike the burden of traditional real estate investment, purchasing House Coins gives participants both financial and geographical flexibility whilst achieving strong financial gains through real estate development in the UK.

Under the Howey Test, a transaction is a contribution contract if:

  • It is a contribution of funds
  • There is an expectation of profits from the contribution
  • The contribution of money is in a common enterprise
  • Any profit that comes from the efforts of a promoter or third party to determine whether certain transactions qualify as “contribution contracts.”
  • House Coin is a payment Token used to pay for House Coin services. House Coins are not linked to real assets and do not grant their holders ownership of any share of the company or any dividends. As such, House Coins cannot be construed as securities and pass the Howey Test as:

  • House Coins are not to be purchased with expectation of profit on potential appreciation.
  • House Coins do not represent a common enterprise, as the House Coin platform is operational prior to offers on contributions.
  • House Coins shall be purchased by developers to repay loans, tenants to pay rent, and House Coin Limited to lock in Reserve.
  • House Coins do not represent a contribution contract with an expectation of profits from the entrepreneurial or managerial efforts of others.
  • House Coins are not intended for contribution or currency speculation and House Coin Limited reserves the right to refuse to sell House Coins to any purchaser that does not prove a bona fide intent of purchasing House Coins for their intended purpose.
  • All contribution decisions are made directly by the holder of House Coins, independent of other holders of House Coins, or the Management of House Coin Limited.
  • Details

    Public sales: Jan 15, 2019 - Apr 15, 2019
    Token supply: 100,000,000 HSC
    Total tokens for sale: 30,000,000 HSC
    Soft cap: 3,000 ETH
    Hard cap: 30,000 ETH

    Legal

    Blockchain Platform: Ethereum
    Country limitations: USA
    Registration country: United Kingdom
    Registration year: 2018
    Office address: 24 Parkview Way, Epsom, KT19 8FF

    Token info

    Ticker: HSC
    Type: Utility-token
    Token standard: ERC20
    Token price in USD: 1 HSC= 0.12212 USD
    Token price in ETH: 1 HSC = 0.001 ETH
    Accepted currencies: ETH
    Token distribution:
    50% Reserve
    30% ICO
    10% Team
    8% Partnerships
    2% Bounty

    HouseCoin Roadmap

    1
    Q1 2019

    50,000,000 HSC Released

    2
    Q2 2019

    Mezzanine Development Finance

    3
    Q3 2019

    Smart Contracts Launched

    4
    Q4 2019

    Equity Development Investment

    5
    Q1 2020

    5,000,000 HSC Released

    6
    Q2 2020

    Real Estate Trading Investment

    7
    Q3 2020

    HSC used for Repayment locked back in Reserve

    8
    Q4 2020

    Sourcing Mobile Application Launched

    9
    Q1 2021

    5,000,000 HSC Released

    10
    Q2, 2021

    Rental Smart Contracts Launched

    Project team

    Don Ndiweni
    Don Ndiweni
    CHIEF EXECUTIVE OFFICER AND CO-FOUNDER
    linkedin
    Taimour Baban
    Taimour Baban
    CHIEF FINANCIAL OFFICER AND CO-FOUNDER
    linkedin
    Daryl Thorpe
    Daryl Thorpe
    Chief Operations Officer
    Ismail Malik
    Ismail Malik
    Chief Technology Officer
    Thomas Lloyd-Jones
    Thomas Lloyd-Jones
    Real Estate Analyst
    Theo Theodosiadis
    Theo Theodosiadis
    Blockchain Analyst
    James Lloyd-James
    James Lloyd-James
    Financial Analyst
    Dorjee Sun
    Dorjee Sun
    Investor Relations

    Advisors

    Blockchain Advisor in HouseCoin (HSC) - 9
    Taiyang Zhang
    Blockchain Advisor
    FinTech Advisor in HouseCoin (HSC) - 10
    Lasse Clausen
    FinTech Advisor

    Social media

    Web-site Reddit: HouseCoin (HSC) Medium: HouseCoin (HSC) YouTube: HouseCoin (HSC) Telegram: HouseCoin (HSC) Instagram: HouseCoin (HSC) BTCTalk: HouseCoin (HSC) LinkedIn: HouseCoin (HSC) Twitter: HouseCoin (HSC) Facebook: HouseCoin (HSC) Slack: HouseCoin (HSC) Github: HouseCoin (HSC)

    User rating:

    5/5 ( 1 )

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