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 Review and Analysis
Review and analysis of New York City Real Estate Coin by ICO analysts:
Strenghts
- The project has established quite a strong community support in short time and is backed by two venture capital companies
- The core team members of the project are extremely experienced in what they do, and most of them have finance and real estate investing backgrounds
- One of the team members is an ex-SEC lawyer, which brings great advantages to the project in terms of launching the security token offering in a compliant manner
Potential Concerns
- No hardcap at all, the fundraising goal is 100M USD – the hard cap is not that important in this case, as it’s an STO and the underlying assets provided dividends for airdrop holders
New York City Real Estate Coin ICO Rating: BBB
New York City Real Estate Coin rating breakdown by ICO analysts - Learn more about the rating and grading here
| Rating category | How to evaluate | Rating |
|---|
| Team legitimity | How experienced is the team in terms of blockchain and project industry track records? | 3.95 |
| First Impression | What kind of first impression the ICO website and whitepaper gives? | 3.75 |
| Potential of tokenization model | How appealing is the token from both project business and ICO investor's point of view? | 3.55 |
| Hard Cap | Is the hard cap of the ICO appealing from investor's point of view? | 3.5 |
| Token allocation + Fund allocation | How are the tokens allocated after token generation? How are the funds raised from the ICO going to be distributed in moving forward with the project? | 3 |
| Professionalism of the available material | How good are the marketing materials of the ICO? | 3.15 |
| Realism of the roadmap compared to the team size and budget | The roadmap is divided into 4 tiers according to different amounts of money raised | 3.15 |
| Partnership network | Has the ICO announced partnerships, if so how big and credible companies are they? | 2.5 |
| Background of the managing organization | Has the managing organization a successful track record in business? | NA |
| Size of social media communities | How big are social media communities, especially Telegram and Twitter following? | 3.75 |
| Reviews on other ICO sites and media | Are there other reviews of the ICO available? | 4 |
| Is it easy to find the relevant information from the provided materials? | Is it easy to find the relevant information from the provided materials? | 4 |
