Meet Firmseed: The DeFi disruptors are breaking down the walls between real estate and blockchain
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One of Defi’s most attractive properties is its potential to level the playing field for investors, and there is no field more uneven than the real estate sector. Enter Firmseed, an innovative defi platform with a laser-focused aim to disrupt the entire real estate market. Simply put, Firmseed plans to offer fractional ownership in both commercial and residential real estate markets underpinned by the immutable power of blockchain technology.
“I saw an opportunity to use blockchain technology to create a platform that would allow people to invest in fractional real estate, giving them the benefits of real estate without the high costs.Emeka Uzoewulu, Founder and CEO of Firmseed.
What is the big idea?
The high prices associated with property investment have long kept low-income investors out of this lucrative field and off the property ladder in general. With Firmseed, investors can get in on the action with a stake as low as $10 and grow their investment over time. Interested parties can choose between being simple token holders and owning part of Firmseed’s real estate portfolio.
Ownership rewards, such as rental income or increased property value, will be shared by Firmseed’s sub-investors, while token holders can simply choose to invest for a fixed period depending on their expected level of return. Therefore, there is potential for both investors to see real returns, and the returns actually look rosy. Core to Firmseed’s original plan is to leverage seed funding and coin sales to buy, renovate and resell the property.
House flipping, as it is known in the industry, is an ancient tradition in the financial world and one of the simplest methods of raising capital. In layman’s terms, Firmseed will use investors’ liquid funds to get the best deals on available properties before turning around and reinvesting the proceeds back into the ecosystem. Of course, there are endless other opportunities for solid returns on investment in the real estate market from rental fees to the steady increase in property values in general.
Consolidate it all!
The platform itself is powered by a new utility token called FIRM. The FIRM token is Firmseed’s currency and will support transactions and investments in the system. Additionally, coin holders will also be able to earn traditional crypto rewards and tokens by participating in the community and staking tokens. In addition, there are also plans to offer opportunities for yield farming, or auto-compounding, as Firmseed’s white paper describes it.
The security of Firmseed’s platform is supported by the transparent and immutable nature of proven blockchain technology and its public ledger. Additionally, as mentioned above, despite the tangible opportunity to gain rewards from an extensive real estate portfolio, FIRM token holders are not directly responsible for these investments.
The road less traveled
To date, Firmseed’s founder Emeka Uzoewulu has turned his 2020 concept into an exciting startup, with a dedicated, talented team and a solid business model. The project already has a robust whitepaper and the team has prepared an impressive set of tokenomics. Firmseed’s marketing is also well under way and they recently announced a partnership with leading Defi Marketing specialists Lunar Strategy.
Thanks to their joint efforts, the project is already raising eyebrows across the crypto sector with recent pieces in the likes of Blockster, as well as mentions at A-list financial foundations like Blomberg, Yahoo Finance and Coin Telegraph.
Next on the agenda is a round of seed funding with the FIRM token launch not far behind. In fact, interested parties may like to know that Firmseed’s whitelist is already open and growing daily. As for the real estate acquisition itself, well, it’s scheduled to take place shortly after the launch of the FIRM token, but you can bet the team already has a shortlist.
Later down the road, the project aims to set its sights on the undersigned markets such as Africa, which thanks to the Firmseed founder’s personal experience, the platform hopes to invest heavily in this booming part of the real estate sector.
Driving home
So if Firmseed’s unique take on the property market floats your boat, the pre-sale is imminent. You can find out more about Firmseed, the FIRM token and the project in general by following the links below.
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