Some are fans of ICOs, others not. Regardless, they aren't going away anytime soon. They seem to replicate IPOs, but for smaller companies and illustrate cryptos use as a storage of value as opposed to a transaction means.
Anyway,....Deedcoin is launching their ICO on February 19 (Monday) according to ICO Hot List. It is to end two months later on April 19. The presale ends March 19.
Other details: (from ICO Hotlist)
Whitelist Yes
Token Sale Hard Cap $ 105000000
Token Sale Soft Cap $ 20000000
Presale Start Date February 19th, 2018
Presale End Date March 19th, 2018
Token Symbol Deed
Token Type ERC20/Ethereum
Token Distribution 70% Token Purchasers 15% Founders 15% Company Reserve
Initial Token Price 1 token = 1.50 USD
KYC Yes
Participation Restrictions Limit of 1500 token per sale for non-accredited investors located in United States.
Accepts BTC, ETH, LTC, USD
The main argument of Deedcoin is that homeowners are losing future commissions to real estate agents. The claim they will use blockchain to "decentralize and streamline this process, return money to homeowners by tokenizing real estate commission and connect customers and agents directly." They state this problem is not US specific.
I think this is an interesting idea. First, it doesn't simply throw out "blockchain" as if it is just a catchphrase or tag. There is, if we are to believe the company, a legitimate use of the technology. Furthermore, it is tackling a real problem. Next, it is involved in an industry that could use a shakeup and that regularly involves high volume and value transactions. Finally, regardless of how the future plays out home ownership is likely to be a constant.
Perhaps most interesting is the following found in the details on the ICO Hot L
ist website.
"The network and infrastructure are already usable with partnered brokerages in 140 cities across all 50 States. Deedcoin agents and a revolutionary platform are standing by to help homeowners. Only 50 Deedcoin is needed to retain 5% more of the equity in a property upon sale, while still enabling owners to access full service agents for a mere 1% commission."
Thoughts?