Metropoly Is Planning to Disrupt the Real Estate Industry Through the Blockchain: Is It the Best New Token of December 2022?
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
The cryptocurrency market is rife with projects claiming to be the next revolutionary platform that will forever alter an industry. However, there are very few that actually seem like they’re making good on this promise. Overpromising and underdelivering is a fairly common phenomena in the crypto market.
However, every now and then, there’s a project that shows itself to be one that can actually have a revolutionary impact. Metropoly is a project that is doing just that and is looking all set to change how we handle real estate purchases.
Metropoly, which is a platform for fractional real estate investment, is already gearing up to remove the long, complicated processes of property transactions and removing middlemen. Learn how exactly it is doing that and why it looks like one of the best new tokens of December 2022.
Why Does the Real Estate Market Need Disruption?
The real estate market is from being conducive to investment. The entry barrier has become quite high over the past few decades, with simply owning a home for safety and security now impossible for most of the human population. Meanwhile, large corporations begin to sweep up an increasing number of properties.
There are two telling statistics in this discussion. Together, they paint a grim picture for the masses if the real estate market continues on its current path.
First, the global real estate market was estimated to be $6.8 trillion in 2021, with a compounded annual growth rate (CAGR) of 1.9%. In the United state, the market size was $3.69 trillion in 2021, with a CAGR of 5.2% expected from 2022-2030.
Second, the median house price-to-income ratio of workers in the United States is at an astonishing high – the value is currently 7.61. This is higher than it was during the 2008 financial crisis and far above the value of 4.4 it was twenty years ago.
This tells us the real estate market has demand, but that fewer average investors are able to enter the market. It is not a good situation to be in, as younger investors will not be able to tap into the investment benefits of real estate. This includes diversifying their portfolio and using real estate to hedge against inflation. Most importantly, they lose the comfort of having their own home.
How Metropoly Plans to Disrupt the Real Estate Market
Metropoly’s power play in disrupting the real estate market is fractional investment. NFTs are used to represent NFT ownership in properties and all NFTS are 100% backed by real-world properties. As a result of ownership being fractional, several investors collectively own a property. These fractional investments are very affordable, and on Metropoly the investment starts from as low as $100.
Owners of these fractional shares will receive voting power and rental income commensurate with the number of shares that they own. The voting decision includes deciding to sell the house.
There are several advantages to using a blockchain-based real estate investment platform. For one thing, investments can happen much quicker and from one’s own home. Metropoly says that investments can happen in under 30 seconds. To do so, users only have to connect their wallet, visit the marketplace and make the purchase of the various properties.
Then there’s the advantage of being able to earn passive income through the renting out of properties. Users can purchase property from anywhere in the world, which is also a substantial benefit. All said and done, they can earn passive income, diversify their portfolios, and hedge against inflation.
Seeing is believing, and Metropoly actually has a prototype of its marketplace that showcases the various features. The properties on it are only for illustrative purposes, but one can see what the property listings will be like, ongoing auctions, and payouts.
The METRO Presale and Why It’s So Popular
Metropoly’s presale is currently going on and is attracting a lot of attention, raising over $317,000 already. The project’s powerful use case is what is pulling investors in, as they see it as being capable of having a tremendous impact globally.
The presale of the METRO token will end soon, so investors have less than a week to enter the presale and nab the token at presale prices. The token itself runs on the Ethereum network and has a maximum supply of 1 billion tokens. It will be used for payments and rewards in the Metropoly ecosystem.
Potential investors can purchase the tokens with USDT, ETH, or BNB. Each METRO token is priced at $0.05 and the minimum investment is $100. As such, they will receive 2,000 METRO for this minimum investment.
Metropoly offers a lot of exciting benefits for being a presale investor. All presale investors will enter the Platinum Member’s Club, which comes with a lot of benefits. The exact benefits depend on the amount invested and how early in the presale the investment is, which is more incentive to enter the presale as soon as possible.
Metropoly Can Bring Real Estate Back to the Masses
Platforms like Metropoly are the reason why blockchain technology is so important. These use cases will change a tremendous number of industries, and real estate is just the start. However, blockchain in the real estate industry is certainly one that could have the deepest impact.
Making finance more accessible and equitable is the central principle of blockchain technology. Metropoly’s features, which remove investment barriers, are the perfect example of this central principle. In the near future, it could very well become an example of how the technology should be deployed. The best way to see this for yourself is by simply taking a look at the presale, which is going to end very soon.