I recently came across a really innovative crypto based project which aimed to infuse the power of blockchain into the field of real estate.
I think this is going to completely revolutionize the property industry as traditionally real estate has been the favorite means of investment for the rich and wealthy. Real estate is one of the safest bets to put your money in and what makes it more appealing is the exponentially rising profits. This is driven by the fact that land available to us has always been fixed but population has been rising steadily. This creates more demand than available supply which triggers the prices upwards.
The middle class and lower class people have usually been deprived of being able to invest in property due to several factors like huge entry barriers due to high costs beyond the reach of common man and illiquid nature of this investment which makes it difficult to convert to fiat currencies in the short term if required.
Another deterrent is the complex paper work associated with purchasing real estate which makes buying and selling a time consuming activity. It also requires one to be aware of the local regulations and government policies linked to buying and selling of real estate.
Max Property plans to eliminate all these issues by leveraging blockchain technology and make real estate investments in prime locations across the world easily accessible to everyone irrespective of their budgets.
They plan to tokenize the investments by using their native token called MPG. Each property will be split through the backed tokens which can be bought by global users. The number of tokens you buy will decide your percentage share in the selected real estate. This means a quick hassle free way to buy and the convenience to sell whenever you need the money. You can simple sell your tokens any time you desire and you will gain the benefit as the tokens price will rise according to the price appreciation of the property. As these tokens will be available for trade as this project gets more popular the token price will rise upwards.
A key differentiating factor going in favor of Max Group is their global team. Their core team involves individuals coming from countries all over the world. This provides them insights about special market challenges and knowledge about how to operate in different regions.
Being backed by blockchain will also help them prevent property frauds. This is specially important in developing countries where property disputes are quite the norm. Blockchain will ensure clear transparent and non corruptible records of how property ownership is spread and changed.
The total supply will be limited to 1 billion MPG tokens and there will be a certain burn rate as the company intends to regulalrly buy back these tokens from the market.
If you come across an airdrop for MPG tokens be sure to collect them as I think in future this project is going to do really well.
