 | New York City Real Estate Coin |
By offering participants an interest in actual buildings, NYC Real Estate Coin uses the blockchain to increase access and transparency to real estate. Participants can enjoy some of the benefits that come with owning real estate, including receiving revenue from the building’s cashflow.
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What is New York City Real Estate Coin
The NYC Real Estate Coin team claim that their offering is a Registration S. security token. NYCREC token holders are supposed to get fractional interest in a portfolio of properties in NYC. The NYC Real Estate Coin team will have an Investment Committee who will be making decisions relating to the property acquisition, investment, management, etc. The team aims to purchase stable multifamily commercial real estate (apartments). The NYC Real Estate Coins Collateral Chain will only support issuance of asset-backed tokens. The smart contract functionality will be comparable to NEM and Stellar.
New York City Real Estate Coin Roadmap
RUN ICO
LIQUIDATE FUNDS (FUNDS HELD IN BANK)
DISCOVER FAVORABLE PROPERTY
BUILD STRATEGY FOR CASHFLOW
PURCHASE PROPERTY
GENERATE REVENUE/CASHFLOW
STABILIZE REVENUE
A. SELL (OR) B. REFINANCE
REPEAT STEP 4-9
Token Sale Dates
ICO
Token Allocation
Restrictions
United States,
Token distribution
60% - Presale / Public Sale
30% - Reserve
5% - Treasury
5% - Team / Founders
Funds allocation
90% - 95% - Acquisition of Property
5% - 10% - Administrative / Operational / Legal
Token Price and Payment Options
Project team
Advisors
Social media
Twitter
Telegram
Reddit
Medium
YouTube
Facebook
LinkedIn
BitcointalkIndustries
