The Praetorian is the group that creating the first Sound Money Cryptocurrency that will be backed by residential real estate in New York State. This group is especially excited to be able to bring cryptocurrency to those who would never have the opportunity to understand it and use it to better their lives.
• Vision
Vision is to bring safety, security and lower volatility to the cryptocurrency community by introducing a sound money alternative to those cryptocurrencies currently in existence.
Praetorian is currently a two-phase business model that will utilize a number of blockchain opportunities as the company grows through its projected milestones.
Phase 1
Phase 1 of the Praetorian Group’s mandate is the acquisition of real property. The Praetorian Group will purchase and operate income-producing properties that can include office and apartment buildings, warehouses, condos and shopping-centres. While the mandate calls for acquisition of a broad range of property types, we will focus on residential real property opportunities as we believe they are the best foundation to create our Sound Money Cryptocurrency.
Operational Plan
The praetorian PAX Token is a cryptocurrency on the Ethereum blockchain. The PAX Token is a digital currency using smart contracts to ensure trust and integrity and uses cryptography for its security. Cryptocurrencies are not susceptible to government or central bank manipulation or inflation. Praetorian’s Operational Plan is, once funded, to immediately engage and consummate real property transactions in lower income but up and coming markets in New York State. As a result of this plan, PAX Token holders will begin to receive passive income in the form of net profits derived from the rental payments of tenants located in Praetorian owned properties.
Phase 2
Phase 2 will begin within 12 months post campaign closure. Using existing technology, this phase will create The “PAX” Cyrptocurrency Blockchain Asset Wallet which will enable users to spend crypto currency anywhere in the world that fiat currency debit or credit cards are accepted, and instantly convert that particular crypto currency, like BTC, ETH, LTC, Dash, NEO, OMG and many others, into the local fiat of the region in which the transaction has occurred, or making a purchase in crypto currency utilizing their smartphone or a debit card or a credit card.
The PAX Universal Debit/Credit card
The PAX Universal Debit/Credit card works very simply and is quite easy to understand. The user swipes their PAX card through the merchant’s credit/debit card machine port or computer system. Instantly through a number of new and existing technologies we have at our disposal, a network router will send an invoice in fiat money to the Praetorian server. Next the PAX user will receive an electronic invoice on in their wallet. The users will choose their desired crypto currency and simply pay their invoice and receive rewards for this purchase in the form of PAX tokens, which will be purchased on the open market by Praetorian. Also, the PAX cardholder enjoys low and even no fees for the using their debit card.
Find more details about PaxCoin;
Website: https://www.pax-coin.io
Whitepaper: https://www.pax-coin.io/download/PAXCoinWhitepaperEnglishv1.pdf
Telegram Group: https://t.me/PaxCoinChat
Bitcointalk Ann Thread: https://bitcointalk.org/index.php?topic=5061285
Bitcointalk Bounty Thread: https://bitcointalk.org/index.php?topic=5061623
Bitcointalk Username: TNAlwis
PAX Address: PCqA69jHJncSKjxDJ8ciCoFibFds2uuSbQ
