As the state of the global economy remains on a tightrope, a new digital currency might help keep the US real estate market afloat.
Whether due to the post-pandemic relocation anomaly, lowered economic stimulus, or the surfacing consequence of inflation, the US real estate market is making less sense by the day. As the world simultaneously becomes increasingly digital, a new cryptocurrency has the potential to keep the market afloat.
ProperT
By applying an automatic 5% token-back reward in ProperT of the total purchase or downpayment price of property purchases, ProperT, has the potential to entice the continuation of transactions within the real estate market. The token is designed so homebuyers pay 100% of the property price when using ProperT tokens and automatically get back 5% of the total purchase cost to the buyer in ProperT tokens. ProperT is a utility token that can be processed for payments through ForumPay’s crypto payment processing technology. Any time ProperT is processed through ForumPay for payments, 5% of the purchase price is returned to the user in tokens, or the tokens can be held for future real estate purchases.
Currently, title and escrow companies with ForumPay crypto payment gateway installed can process ProperT payments. How it works is that ForumPay-authorized title companies accept the ProperT payment for a new home or property. The entirety of the funds are instantly converted to cash and sent to the seller’s title or escrow agent at closing.
How ProperT works?
There will be a total of 21,000,000 ProperT tokens minted (created and verified) following a release schedule. In the first year, 50,000 tokens will be released weekly and halving every 4 years weekly (i.e., starting in year 5, 25,000 tokens will be released. In year 9, 12,500 tokens will be released – and on).
The easiest way to acquire ProperT is through the Token Purchase Platform. You can buy ProperT with crypto or wire transfer there. Notice: for non-US citizens or residents, ProperT can be bought on either the Token Purchase Platform or the Limitlex exchange.
With the current state of the US real estate market, anything to keep homes selling by offering a financial reward for buyers could be the economical solution the industry is looking for.
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