How do you purchase an apartment using Bitcoin or Ether without selling it or paying taxes on the profits? What would you do? Propy, the real estate corporation, is providing precisely that. A new and contemporary way to purchase a home involves the use of crypto-backed loans and tokenized properties.
What’s the Deal?
Propy is selling a condo in Honolulu, Hawaii, starting from January 29 at 250,000. The coolest part? If you use your crypto as collateral, you can buy the property with a loan and pay the entire amount. Note: Here’s how it works:
- If your crypto investment increases by 100%, you can repay the loan with only your gains.
- Propy acquires the property, transforms it into a digital token, and then forms an LLC.’ This token signifies ownership and can be easily shared, much like how crypto is transferred between wallets.
- Although I am not well-versed in cryptography, its speed and transparency make it a valuable investment.
- The Ownership changes and the new owner takes a quick Know-Your-Own (KYC) step. Those who have customary ownership can choose to un-chain the property and remove it from an LLC’s framework.
- The purpose of investing in real estate is to transform individuals, not just their home. Why? Trading assets that were once entangled in paperwork and bureaucracy with minimal disruption is made easier with tokenized property liquidity. This needs to be taken into account.
Propy is building the infrastructure to achieve this goal, as it earns 5% of its crypto transactions. Why? In the future, you could consider trading your home for digital currency or virtual currencies. An innovation opportunity of $300 trillion is substantial.
What’s the Big Picture?
The dream of all crypto enthusiasts is a reality. Neither the sale of cryptocurrency nor taxation regulations apply when investing in physical property. It’s a good technology, as it lowers costs and opens up new markets for property owners to buy and sell their properties.
The power of Propy extends beyond the sale of homes, as it demonstrates to people how blockchain can revolutionize the real estate industry.
