Despite fierce opposition from the governments and regulators, cryptocurrencies are gradually permeating into numerous industries, which represent both virtual and real economy sectors. Real estate, or housing, is arguably one of the biggest markets in the world. According to the Global Real House Price Index, calculated by the International Monetary Fund, the housing market has been on a steady rise after the 2008 global economic crisis, having already surpassed the pre-collapse market volume and reached $8.9 trillion, with an average annual growth rate of 4%.
The traditional investment instruments are no longer sufficing those who are looking to devote their capital to real estate due to high fees charged by intermediaries and, in some cases, the inefficiency of data flow and document processing. That is the reason why progressive investors are now actively considering the use of blockchain and cryptocurrencies that are tailor-made for this particular sector. So, let’s review the Top 5 cryptocurrencies that benefit the real estate industry.
BRZE is a cryptocurrency that is fully backed by real estate assets. Presently, the coin is ranked 221st on Coinmarketcap, valued at around $0.45 and with a market capitalization of $45 million. Apart from serving its primary function of being a trading instrument and a means for buying/selling items of real estate, BreezeCoin affords an opportunity for internal staking and using the coins as a medium of exchange in Breeze Del Mar, a collective name for hotel and resort complexes across the United States. The first of such complexes is already under construction in Orlando, Florida.
LA is a native cryptocurrency of the eponymous exchange platform that is known for having a popular launchpad for token sales. As of the time of writing, the price of LATOKEN stands at $0.1; the coin itself has a market capitalization of $38 million, ranked 225th. The holders of LA are allowed to engage in the trading of tokenized assets and shares, including the ETF of real estate.
ECOREAL is a cryptocurrency that promises a stable value to the holders thanks to the fact that it is backed by a number of commercial and residential real estate, such as tourist resorts in the south of Europe, a business center and conference halls in Germany, and medical facilities in Asia. The funds acquired through the trading operations with ECOREAL are then used for the acquisition of new properties.
The PRO cryptocurrency fuels a blockchain-based software for real estate transaction management. The platform is still in development, but the potential investors can apply for a demo version. The software itself has such interesting features as DocuSign that provides means for streamlining operations with real estate. PRO is ranked 239th with a market cap of $27 million.
ATL is a cryptocurrency that exercises the function of share in personal real estate assets. It is a base security token that is compliant with the ERC-1462 standard, and extension to ERC-20. The platform, which is built on the Ethereum blockchain, provides solutions for such burning issues as tokenized ownership and peer-to-peer rentals. Thanks to ATLANT, people can rent the property without having to pay the mandatory fees. In the future, the company wants to incorporate this blockchain platform with governmental property registries.
|Price, USD||24h||7 days|
|Volume 24h, USD||Change 24h|
|Binance||4 947 094 785||-11.72%|
|Huobi Global||3 702 962 559||-17.37%|
|TAGZ Exchange||3 485 560 734||11.50%|
|OKEx||2 855 222 641||-12.17%|
|PayBito||2 753 649 723||30.19%|
|BitForex||2 113 601 332||-3.17%|
|Biki||2 075 727 316||-12.19%|
|EXX||1 960 824 234||5.41%|
|BKEX||1 911 196 332||-6.10%|
|ZBG||1 824 939 869||0.32%|