Due to Deedcoin’s recent surge in media attention, and the popularity of its innovative real estate platform, the company sold out the private and presale goals ahead of schedule.
Holders of the token from the private sale have already used Deedcoin. The first closed real estate transaction on March 8th provided the owner a rebate of $3,780 at the closing table, using only 20 DEED (Deedcoin). This saved $189 per Deedcoin, over 100X the price in the real world, just weeks into the token launch.
“The response to our platform has been tremendous,” Deedcoin Co-Founder and Director of Operations Charles Wismer said. “We are excited about the momentum we have moving forward, and know Deedcoin’s popularity will keep growing as people continue to grasp and embrace our concept. Our product decentralizes commissions to make sure people can retain the majority of their equity.”
Currently, each DEED is sold for $1.50 during the sales phases through a whitelisting process.
Deedcoin has three distinct advantages over most token launches:
1. The only token to directly convert to a percentage against a real-world property price. A user can buy this through the launch now, or from an exchange later, and immediately use it to save over $200 per DEED on the average U.S. home, or $1,000 per token on a million dollar property. Anyone selling or purchasing a home can do it, the platform is already usable.
2. Disruption of the massive industry of real estate commissions, allowing users to pay 1% instead of 6%. Every 10 DEED save 1% off any property’s value upon sale. DEED is not a niche technical product. It’s designed for everyone that owns a home. Using 50 DEED recovers 5% of the total value of any property.
3. Deedcoin is already a live product from a U.S.-based company, with a broker network spanning over 140 cities across all 50 U.S. states, and now including Puerto Rico, with international expansion coming soon. Deedcoin is SEC compliant, and a truly usable utility coin. It is the only token that can be used to pay local agents in every state, with access to a next-generation real estate platform.
Deedcoin’s platform and broker network was already built and operational before the sale of a single token. DeedcoinHQ simply replaces the way a homebuyer would find their next real estate agent. Instead of finding their next agent on Google or Zillow for a 6% commission, customers access the platform, input the property address, and connect with one of many local Deedcoin agents. Customers use Deedcoin to decide the commission or rebate before linking with their agent. Also, Deedcoin integrates fully with the existing real estate infrastructure, and customers have access to a groundbreaking technology dashboard, allowing 24/7 access to an agent or licensed transaction assistant.
The platform streamlines real estate to run on 1%, allowing future commissions to truly be set by the free market, based on the price of Deedcoin. The Deedcoin Network also creates an opportunity for buyers to receive rebates, with only 20 Deedcoin required to rebate 2% of any property purchased.
Deedcoin has taken a proactive approach by going above and beyond what other companies have done to achieve compliance. Part of Deedcoin’s efforts are detailed in an article by Inman, a well known real estate publication.
“U.S. property owners hold $15 Trillion in private property and stand to lose $900 Billion to future commissions. Through the free market economy created by blockchain technology, the real estate industry can be decentralized and streamlined. Deedcoin can return up to $750 Billion to homeowners, by tokenizing real estate commissions and connecting customers with agents directly.”
The problem of predatory real estate commissions is not exclusive to the United States, and globally, there is over $200 trillion in privately held real estate.
People that missed out on the first pre-sale phase can subscribe to the company’s Whitelist at www.deedcoinlaunch.com.