Everlodge: The next crypto giant with Beta sale of $233K in 35 minutes
Tokenization of Real World Assets (RWA) is the next sector of crypto to start blowing up. Vacation property project Everlodge is one of the first to be positioned to take profit from this boom. Let’s find out more.
What does tokenization have to offer the retail investor?
According to Moody’s Investor Service, since the housing crisis of 2008, the real estate market has seen limited innovation. However, research by Cushman & Wakefield suggests that blockchain technology has the potential to revolutionize the sector.
According to Moody’s research, applying blockchain in the US market could result in substantial savings, estimated at around $1.7 billion each year.
Cushman & Wakefield’s research predicts that tokenization will facilitate access to the commercial real estate market for a broader range of people, including young people, due to low minimum investments and increased liquidity.
Consider Everlodge for instance, where you will be able to buy a fraction of a luxury property for as little as $100, or build up a portfolio of residences around the world.
Compared to other asset classes, real estate is expected to show the potential of blockchain technology sooner rather than later, as evidenced by early examples of real estate tokenization gaining traction. Now bear in mind that the global vacation rental market size was estimated at around $82.63 billion last year.
Her Majesty’s Land Registry (HLMR) did a Proof of Concept for asset digitization and the results showed that all the benefits are possible, whilst maintaining security and governance standards. This is crucial for building trust among property owners, investors, and regulators.
They say that the benefits for all can lead to cost savings, increased accessibility, and improved processes, making real estate investment more easy and affordable for all participants.
Everlodge is democratizing access to property investments.
Everlodge is well aware of the developments above and is positioning itself as the Airbnb of Web3. It seems that Everlodge isn’t the only one to be aware of all this since they raised over $200 million in under an hour!
Land NFT holders benefit from rising property prices, and people will be able to generate passive income from renting.
This will be done by giving token holders free stays in vacation homes. If people don’t want this perk they can simply rent it out instead.
Initially, Everldoge will partner with existing chains, but we will likely also see new developments being built using the Everlodge launchpad. This will allow new developers to raise capital and new properties exclusively for Everlodge customers.
Technical and safety details to know
ELDG is built on Ethereum. The team tokens are locked for 2 years and the liquidity pool is locked for 8 years. The team has been KYC’d and the smart contracts have been audited by SolidProof.
The initial and current price is $0.01 and the launch price will be $0.038. Some crypto forecasters are expecting a 30x on the launch date.
Find out more about the Everlodge (ELDG) Presale
Disclaimer: This is a paid post and should not be treated as news/advice.