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There’s No Place Like HomeToken

By:
on Sep 20, 2017
Updated: Oct 18, 2019
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Tokenized real estate fund HomeToken is the next blockchain startup to announce an ICO, this one set to commence on Oct. 1 on the heels of a USD 3 million pre-ICO comprised of South Asian investors. The Kuala Lumpur, Malaysia-based startup will offer 1 million WAVE-based HOME tokens in total but only 65% of the total is reserved for the crowdsale.

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HomeToken’s ICO gives investors a chance to gain exposure to the Asian real estate market, including small apartments – from which the startup collects rental income — and private nursing homes. HomeToken touts its coins as providing liquidity to investors because the tokens can be traded at any time. The coins will theoretically rise in value with increasing rental incomes, capital appreciation and added properties. 

HomeToken is not the first real estate blockchain to ICO, with Ethereum-based Propy having raised USD 15 million in the sale of its PRO tokens. Propy, which dubs itself as a global property store with a decentralized title registry, is dedicated to cross border real estate deals on the blockchain.

In the United States, the title insurance industry for homeowners generates USD 17 billion in annual revenue (as per IBISWorld data) in a market that’s still very much dependent on paper documentation. Transferring real estate transactions over to the blockchain would cut down on recordkeeping expenses and boost accuracy, as pointed out by Fast Company.   

For its part HomeToken is taking the transparent approach in its ICO, with plans to broadcast its investment portfolio publicly on Youtube. Erring on the side of too much transparency in the currently regulatory climate is smart, particularly given that the fund’s investment focus is Asia real estate.

HomeToken’s approach to avoid inflation in 2018 is to buyback HOME tokens from coin holders at market rates. Any tokens that the company doesn’t sell will be burned. 

For information on how to buy and trade WAVES, .

 

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