One of the big trends that has been seen since the evolution and adoption of blockchain technology in the mainstream, is the tokenisation of real estate.
Most of these projects are unique but they tend to have common themes at their core. Regulatory framework is especially important when it comes to real estate, which is why most of the real estate related tokens have immediately registered their tokens as securities. There is no point dealing with the wrath of regulators by trying to avoid doing so.
SwissRealCoin is aiming to be the standout real estate crypto token in Switzerland. Currently the commercial real estate in the country is very stable and this is the ideal environment for the company to try disrupt the current real estate management process.
What are the details about this token?
The SwissRealCoin (SRC) has registered in the category of a security token that is backed by an asset. They have also submitted to the FINMA, the leading financial market supervisory body in Switzerland for a letter of non-action.
The key issue with any type of real estate investment is having enough liquidity, which can be a major issue due to the costs and time involved in the investment process. The aim of SRC is to bring more transparency of data and full liquidity into the sector. This would accurately allow the likes of occupancy and rental rates to be tracked.
As SRC is backed by real estate in Switzerland, this is one of the most stable asset classes around. Every token is representative of a portion of the portfolio of investment. The price of this token is hoped to be kept secure and stable thanks to the nature of the asset.
If the token price exceeds that of the robust demand of real estate investment, there will be further SRC tokens issued at the current market rate. These newer tokens will then be used to make investment into further commercial properties, which means the overall value of the portfolio will be heightened and brought closer to the price of the market.
What are the details about the ICO?
The token sale will begin on the 23rd of May and there are a total of 150 million tokens available for sale. This is also the total issued supply, in addition to 7% further tokens being issued in the future. The process has been set at CHF 1 for a single token and the soft cap is CHF 30 million, with the hard cap being 160.5 million SRC.