NAREIG (North America Real Estate Investment Group), one of the leading real estate companies that helps Chinese high-net-worth buyers to invest overseas is announcing its real estate coupon Ethereum Token Pre-Sale plan. NAREIG will tokenize real estate coupons on their Ethereum platform and enable the cryptocurrency owner to use this tokenized coupon to purchase properties. The token is named HCT (House Coupon Token), and the Pre-Sale Launch date will be January 16th, 2018.
What is NAREIG?
NAREIG (North America Real Estate Investment Group) was established in Seattle, Washington in 2012 with an initial vision of providing an online-to-offline platform to help international real estate buyers invest in North America.
Over the past 5 years, NAREIG has evolved into an industry leader that provides real estate services in various states including Washington, California, and New York. With corporation of various local strategic partners, NAREIG has its operations in US, Canada, UK, Germany, France, Portugal, Spain, Greece, Australia, New Zealand, Japan and Thailand.
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. The HCT will immediately benefit our clients and establish the connection between digital currency and the value of real estate coupons.
Founder and CEO, NAREIG
What are NAREIG tokens?
The NAREIG tokens are “coupons to purchase real estate properties”. Each token purchased at USD $1 cash value can be redeemed as $100 token value which is USD$ 100 cash value when clients purchase properties with NAREIG. (Limitations and restrictions apply). 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.
House Coupon Token
NAREIG’s tokenization approach to real estate coupons sets an anchor value to the token, while many other tokens in the market proved to be unreliable and prone to volatility. Historically, many types of coupons were wasted because of liquidation issues.
The purpose of HCT is to provide stable incentives that benefit real estate investors.