What is New York City Real Estate Coin about?
NYCREC uses blockchain technology to tokenize New York City real estate in order to offer token holders fractional interest in a portfolio of properties in NYC. This opens up unprecedented opportunities for worldwide accessibility and liquidity in one of the most competitive and desirable real estate markets.
NYCREC Token holders can enjoy some of the benefits that come with owning real estate, including receiving revenue from the building’s cashflow via Ethereum airdrops. Led by a team of seasoned professionals who have managed or invested over $15 billion in real estate and on Wall Street, NYCREC is a true asset-backed token set to disrupt the NYC property market before expanding to other major gateway cities around the world.
What are the value drivers behind New York City Real Estate Coin token price?
As an asset-backed security offering, if the value of real estate increases, the value of the token should increase as well. Therefore the main value driver behind the token price is the value of the underlying assets, in this case real estate investments.
New York City Real Estate Coin ICO Roadmap
Liquidate funds (funds held in bank)
Discover favorable property
Build strategy for cashflow
A. Sell (or) B. Refinance
Repeat steps 4-9