Published On: Fri, Oct 27th, 2017

XRED – The First Cryptocurrency Fund for Real Estate Development and Investment

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UK-based X Real Estate Development (XRED) aims to shatter the barriers for entry into real estate investing through their groundbreaking cryptocurrency fund – the first of its kind for real estate development and investment.
[Note: This is a sponsored article.]
Real estate investment has traditionally been the province of the already-wealthy. Who else but the wealthy could afford to purchase a property for several hundred thousand dollars (or more) and then sit back and hope that the property value increases enough over time to realize a profit?
As the first cryptocurrency fund to aim specifically for real estate development and investment, XRED is going to make real estate investment accessible to everyone through its unique investment platform. Built on the Ethereum blockchain, the platform will incorporate asset tokenization – a process of converting rights to a physical asset into a digital token – to enable people to invest in properties and realize profits based on the total share of an asset’s tokens owned by the investors.
In addition, the platform’s use of smart contracts will eliminate much of the time-consuming paperwork and costly intermediaries typically associated with real estate transactions. The removal of these unnecessary steps …

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