The forthcoming release of ProperT 2.0 tokens, to be issued on the Ethereum blockchain (ERC-20) as well as being bridged to (MATIC) Polygon in November 2023, will offer a host of benefits to users looking to leverage their assets to transact with the real estate market. These benefits include immediate utility in the form of gift cards, token-back rewards, and the security that comes with transacting in crypto over a secure payment gateway, in this case, ForumPay.
This article takes a closer look at the forthcoming release of ProperT tokens and the benefits for property investors.
A deeper dive into ProperT 2.0 and the benefits of this new token
ProperT 2.0 is a fully fungible utility token that functions as a limited digital asset. Once acquired, users can hold or spend their funds by exchanging them for goods and services marketed in FIAT currencies via ForumPay. This payment gateway is also wallet-agnostic, allowing users to hold their ProperT tokens in the wallet of their choosing alongside other digital assets, and spend whenever they want.
ProperT will also offer 5% token-back rewards on every purchase consumers make, thereby operating just like a credit card: the more you spend, the more you are rewarded. This feature presents a huge hook for real estate buyers. Whether the tokens are used for the down payment on a new home, or to purchase an entire property, the rewards could be extravagant, allowing the buyer to use these tokens to spend freely on renovations, new furniture or maintenance services.
What’s more, ProperT consumers will gain immediate utility from their tokens in the form of gift cards. We will be launching a native gift card platform, where consumers can exchange their ProperT tokens for gift cards to spend on hundreds of brands, products and services in the FIAT space. These include businesses such as Home Depot, Lowe’s, Gas Cost, and more, which users can also access using the token-back rewards they earn from the real estate purchase itself, allowing them to make a significant dent in their renovation expenses. Thanks to this platform, ProperT consumers will not have to leave the crypto world in order to interact and transact with traditional merchants.
With your 5% token-back rewards converted into gift card purchasing power, there will be ample opportunity to prepare your new home exactly to your liking.
Trust ForumPay to handle real estate transactions
A significant benefit of leveraging cryptocurrency for real estate transactions lies in their speed and effectiveness. Traditionally, the buying and selling of property involves centralized banks, which inevitably leads to frustrating delays, intermediaries and high, unavoidable fees. By contrast, transactions involving crypto assets can be executed at speed exclusively between the buyer and seller, thereby removing numerous middlemen and costs from the equation.
Thanks to ForumPay, newly-fledged ProperT holders who wish to spend their tokens on real estate do not need to find a seller who also owns crypto. ForumPay seamlessly bridges the gap between the crypto space and the real estate FIAT space, enabling exchanges between any digital asset (from any digital wallet) and the FIAT currency of the seller’s choice, be that Euro, USD or Yen, thereby avoiding all risk of market fluctuation. This also applies to title and escrow companies involved in the sale.
ForumPay can enable these payments seamlessly with ForumPay-enabled mortgage lenders or directly with homeowners, enabling ProperT consumers to settle down payments or pay for the entire price of a home using their tokens. There are no spending limits and each transaction incurs a single ForumPay fee, unlike traditional forms of payment.
ProperT 2.0 tokens will offer users a wealth of advantages and provide particularly attractive conditions when leveraged to access the real estate market. These tokens provide utility, security, and rewards, making transacting with property sellers faster and more cost-effective, bridging the gap between the crypto and FIAT worlds through ForumPay. ProperT will be issued on the Ethereum blockchain (ERC-20) as well as being bridged to (MATIC) Polygon in November 2023.
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