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How cryptocurrencies are used to invest in real estate

  • January 21, 2023
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The Kodo company has created its own virtual currency for investing in infrastructure projects around the world. REUTERS/Edgar Su the market of cryptocurrencies and deals It has had

How cryptocurrencies are used to invest in real estate
The Kodo company has created its own virtual currency for investing in infrastructure projects around the world. REUTERS/Edgar Su

the market of cryptocurrencies and deals It has had progressive growth based on digital assets, which has enabled it developing Not just multiples ways payment, but it is also possible to generate constant income with the right investment of this type of money virtual signs.

That’s why different companies tried to get involved technology Blockchain of Georgia cryptocurrencies In developing profitable business models that can also provide benefits customers.

code assets It combined the concept of virtual currencies with investments in real estate, but the difference is that instead of doing them domestically, it deals can be done in the form International.

According to the data generated by the company, only St Colombia The real estate market increased and the total 234,592 houses Over the past year, which represents an increase 28% more than in previous periods. Also, in such countries as Peru i ArgentinaThis market is growing with the promotion of new ones projects infrastructure.

The Kodo company has created its own virtual currency for investing in infrastructure projects around the world. REUTERS/Dado Ruvic/File photo

Cryptocurrencies for investing in real estate

Kodo’s proposal to be included cryptocurrencies As a means of investing in this type of business, it is based on the creation of cryptocurrency, which is called KODO1A token that will allow people who buy it to earn income by selling a building in Brazil.

This property, which was “tokenized” or “split” the space into parts having the minimum value of the sign, which in turn is equal to 140 dollars Each of them will provide benefits to users and create a collection 3.5 million Dollars for the company that can be invested in other infrastructure projects that can be tokenized and generate even more profit for users.

Each token sold by the company adds up to the total 4.58 square decimeters of space inside the building, so after its fragmentation it was decided to initially run in total 25,000 tokens.

The company The promoter of this crypto-investment methodology indicates that the building is currently occupied by a financial center. BrasilSo, all the rental income will be divided by the total area that is purchased at the sale cryptocurrencieswhich has only been announced so far and the official release date is not known.

“Each token holder KODO1 You will be entitled to receive rental income relating to this property in proportion to your share Tokens Compared to the total number of tokens issued by the project, as well as obtaining a proportional result for the final sale of the underlying property, which can generate interesting profits”, explains Helena Margarido, Kodo’s Director of Operations.

On the other hand, white paper of the economic project on the basis of which it functions Code, not yet released. from web page It has been announced that it will be available soon so that people can make a realistic analysis of the feasibility of the project, although it is also unknown if there is a date for its implementation. Edition.

The company Kodo has not published a document on which it will base its financial operations with its cryptocurrency. (shooting)

According to the site, return on investment in São Paulo and specifically in the Sulamerica building project 5.7% Thanks to a 6.4% increase in property sales over the past year.

Currently, this type of investment allows people to invest in infrastructure projects around the world “in a safe and fast way, without bureaucracy And the high costs of the traditional market, access to different markets around the world,” says Margarido.

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Source: Info Bae

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