Disclaimer: The following text is a press release and is not part of the editorial content of cryptonews. com.
The cryptocurrency market is filled with projects that claim to be the next game-changing platform that will change an industry forever. However, there are very few who seem to actually deliver on that promise. Overpromising and underperforming are quite common phenomena in the cryptocurrency market.
However, every once in a while there’s a project that turns out to be one that can have a game-changing impact. Metropoly is a project that does just that and looks set to change the way we handle real estate purchases.
Metropoly, which is a fractional real estate investment platform, is already gearing up to remove the lengthy and complicated processes from real estate transactions and cut out the middlemen. Find out how it does just that and why it could be one of the best new tokens of December 2022.
Why does the real estate market need a revolution?
The real estate market is no longer conducive to investment. The barrier to entry has gotten pretty high over the last few decades, the simple fact of owning a home for security reasons is now impossible for most of the human population. Meanwhile, large corporations are starting to grab more and more properties.
There are two significant statistics in this discussion. Together, they paint a bleak picture for the masses if the housing market maintains its momentum.
First the world real estate market was estimated at $6.8 trillion in 2021with a compound annual growth rate (CAGR) of 1.9%. In the US, the size of the market was $3.69 billion in 2021with a CAGR forecast of 5.2% for the period 2022-2030.
Secondly, the average house price/income ratio of workers in the US has reached an astonishing level: it currently stands at 7.61. This value is higher than it was during the 2008 financial crisis and much higher than the value of 4.4 it had twenty years ago.
This tells us that the real estate market is in demand, but that fewer average investors are able to enter the market. This is not a good situation, because young investors will not be able to exploit the investment benefits of real estate. This includes diversifying your portfolio and using real estate to hedge against inflation. More importantly, they lose the comfort of having their own home.
How Metropoly intends to shake up the real estate market
Fractional investing is Metropoly’s way of disrupting the real estate market. NFTs are used to represent ownership of NFT holders’ properties and all NFTs are 100% backed by real world properties. Because ownership is fractional, multiple investors collectively own a property. These split investments are very affordable, and on Metropoly, the investment starts at just $100.
The owners of these fractional shares will receive voting rights and rental income corresponding to the number of shares held.. The decision to vote includes the decision to sell the house.
There are several benefits of using a blockchain-based real estate investment platform. First of all, investments can be made much faster and from your home. Metropoly claims that investments can be made in less than 30 seconds. To do this, users just need to connect their wallet, visit the marketplace and complete the purchase of the various properties.
There is also the benefit of be able to earn a passive income by renting real estate. Users can purchase goods from anywhere in the world which is also a substantial advantage. In short, they can earn passive income, diversify their portfolios and protect themselves from inflation.
You have to see it to believe it, and Metropoly has a prototype of its market presenting the different functionalities. The properties shown here are examples only, but you can see what the property listings, pending auctions and payments will look like.
The METRO presale and why it’s so popular
Metropoly pre-sale is underway and attracting a lot of attention, like has already raised more than $317,000. The project’s powerful use case is what attracts investors, as they view it capable of having a huge impact on a global scale.
The pre-sale of the METRO token it will end soon. Investors then have less than a week to participate in the pre-sale and buy the token at the presale price. The token itself works on the Ethereum network and its maximum supply is 1 billion tokens. It will be used for payments and rewards in the Metropoly ecosystem.
Potential investors can buy the tokens with USDT, ETH or BNB. The price of each METRO token is $0.05 and the minimum investment is $100. Thus, they will receive 2,000 METRO for this minimum investment.
Metropoly offers many benefits for pre-sale investors. All pre-sale investors will enter the Platinum Members Club, which offers many advantages. The exact benefits depend on the amount invested and how much time is invested in the pre-sale, which provides an incentive to participate in the pre-sale as soon as possible.
Metropoly can bring real estate back to the masses
Platforms like Metropoly are why blockchain technology is so important. These use cases will change a huge number of industriesand real estate is just the beginning. However, blockchain in real estate is definitely the one that could have the most profound impact.
Making finance more accessible and fair is the central tenet of blockchain technology. Metropoly’s features, which remove barriers to investment, are the perfect example of this fundamental principle. In the near future, it may well become an example of how technology should be implemented. The best way to convince yourself of this is to take a look at the pre-sale, which will end very soon.