Is it the best new token in December 2022?
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
The cryptocurrency market is full of projects that claim to be the next revolutionary platform that will forever change an industry. However, very few actually seem to keep this promise. Over-promising and under-delivering is a fairly common phenomenon in the crypto market.
But every now and then there is a project that turns out to be one that can actually have a revolutionary impact. Metropoly is a project that does just that and looks poised to change how we handle property purchases.
Metropoly, which is a fractional real estate investment platform, is already gearing up to remove the long, complicated processes of real estate transactions and remove middlemen. Find out how it does it and why it looks like one of the best new tokens of December 2022.
Why does the real estate market need disruption?
The property market is from being favorable for investment. The barrier to entry has become quite high over the past few decades, with simply owning a home for safety and security now impossible for most of the human population. Meanwhile, large corporations are beginning to sweep up an increasing number of properties.
There are two telling statistics in this discussion. Together, they paint a bleak picture for the masses if the property market continues on its current path.
Firstly global property market was estimated to be $6.8 trillion by 2021, with a compound annual growth rate (CAGR) of 1.9%. In the United States, the market size was $3.69 trillion in 2021, with a CAGR of 5.2% expected from 2022-2030.
Secondly median housing price-to-income ratio of workers in the United States is astonishingly high – the value is currently 7.61. This is higher than it was during the financial crisis in 2008 and far above the value of 4.4 it was twenty years ago.
This tells us that the real estate market has demand, but that fewer average investors are able to enter the market. It is not a good situation to be in, as younger investors will not be able to take advantage of the investment benefits of property. This includes diversifying the portfolio and using property to hedge against inflation. Most importantly, they lose the comfort of having their own home.
How Metropoly plans to disrupt the real estate market
Metropoly’s power play to disrupt the real estate market is fractional investments. NFTs are used to represent NFT ownership in real estate and all NFTS are 100% backed by real estate. As a result of ownership being fractional, several investors own a property collectively. These partial investments are very affordable and at Metropoly the investment starts from as low as $100.
Owners of these fractional shares will receive voting power and rental income in proportion to the number of shares they own. The voting decision includes the decision to sell the house.
There are several benefits to using a blockchain-based real estate investment platform. Firstly, investments can be made much faster and from one’s own home. Metropoly says investments can be made in under 30 seconds. To do so, users simply need to connect to their wallet, visit the marketplace and make purchases of the various properties.
Then there is the advantage of being able to earn passive income through letting properties. Users can buy property from anywhere in the world, which is also a significant advantage. All said and done, they can earn passive income, diversify their portfolios and hedge against inflation.
Seeing is believing, and Metropoly actually has one prototype of the marketplace which shows off the various functions. The properties on it are for illustrative purposes only, but you can see what the property listings will look like, ongoing auctions and payouts.
The METRO pre-sale and why it’s so popular
Metropoly’s pre-sale is currently attracting a lot of attention, and has already raised over $317,000. The project’s powerful use case is what is drawing investors in, as they see it as capable of making a huge impact globally.
The pre-sale of the METRO token ends soon, so investors have less than a week to enter the presale and grab the token at presale prices. The token itself runs on the Ethereum network and has a maximum supply of 1 billion tokens. It will be used for payments and rewards in the Metropoly ecosystem.
Potential investors can buy tokens with USDT, ETH or BNB. Each METRO token is priced at $0.05 and the minimum investment is $100. As such, they will receive 2000 METRO for this minimum investment.
Metropoly offers many exciting benefits for being an upfront investor. All pre-sale investors will enter the Platinum Member’s Club, which comes with many benefits. The exact benefits depend on the amount invested and how early in the presale the investment is, which is more incentive to enter the presale as soon as possible.
Metropoly can bring real estate back to the masses
Platforms like Metropoly are why blockchain technology is so important. These use cases will change a huge number of industries, and real estate is just the beginning. However, blockchain in the real estate industry is certainly one that could have the most profound impact.
Making finance more accessible and fair is the central tenet of blockchain technology. Metropoly’s features, which remove investment barriers, are the perfect example of this central principle. In the near future, it may very well become an example of how the technology should be deployed. The best way to see this for yourself is to take a look at the pre-sale, which ends soon.