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HomeToken Announces ICO After Raising $3 Million in Pre-ICO Investment, Crowdsale Starts October 1, 2017

HomeToken Announces ICO After Raising $3 Million in Pre-ICO Investment, Crowdsale Starts October 1, 2017

September 21, 2017 6:21 am,

September 16, 2017, Kuala Lumpur, Malaysia – HomeToken, the Asian blockchain powered investment fund focused on the real estate market has announced the launch date for its upcoming crowdsale. Starting October 1, 2017, the start-up will start offering its WAVES protocol based HOME tokens to the crowdsale participants.

It has already raised over $3 million in investment during its Pre-ICO fundraising round from Southeast Asian investors. The start-up is offering global investors a unique opportunity to invest in emerging Asia’s real estate market by creating a closed-ended fund to acquire and develop two types of residential properties:

  • Small apartments ranging in sizes from 250 to 1200 square feet strategically located near city centre, and
  • Private nursing homes, the first of which was launched on 1st September 2017.

Real estate investment is one of the safest and most lucrative investment forms that provides good capital appreciation, potential rental income, and a solid hedge against rising inflation. The properties situated in Asia’s emerging markets have the potential to outperform real estate markets in North America and Europe. However, with the price of real estate growing at an accelerated rate than the growth of income, prospective investors and homeowners are resorting to alternative solutions.

Outlining the start-up’s mission, the founder of HomeToken Andrew Yap said,

“Over the past few years, Chinese real estate developers such as Country Garden, invested billions to develop ambitious projects in Southeast Asia. Although real estate prices here are relatively cheap when compared to other parts of the world, the investment properties we own must be strategically located and easy to rent out. In addition, we intend to develop more private nursing homes to tackle Asia’s impending aging crisis”

It is focused on acquiring high income producing investment properties. By tokenizing these properties, the start-up will simplify real estate investments, democratizing it with blockchain technology and provide a platform for investors to profit from the income-producing properties without the costs and risks of traditional real estate investments.

The underlying profitability model of HomeToken is derived from the rental and capital appreciation of these apartments and nursing homes under its ownership.  With this business model, barriers to entry like mortgages, legal and insurance fees are broken down, purchase and transfer of properties are instantaneous, and liquidity of funds is assured. Additionally, HomeToken will repurchase HOME tokens from the holders at market rates, under its buyback program to avoid inflation of market prices in 2018.

To maintain the integrity, and ensure transparency and accountability, all investments in the HomeToken’s portfolio will be recorded and publicly posted on Youtube. It will also be responsible for managing and maintaining these investments on behalf of the investors.

The total supply of tokens is limited to 100,000,000, out of which 65% will be made available for the crowdsale, 20% will go into future partnerships and joint ventures, 5% for marketing costs, and the remaining 10% will be retained by the development and management team. The funds generated during the ICO stage will be kept in a multi-signature wallet with escrow. All unsold tokens will be burned.

It has already made headway by opening its first private nursing home, as a part of its portfolio which received its first resident on September 7, 2017. With a pre-existing real estate portfolio, geopolitical developments surrounding China’s One Belt One Road policy and skyrocketing property prices has put HomeToken in a unique position to forge meaningful alliances with other potential partners in the coming days as the demand for properties in the region is expected to increase further.

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Media Contact

Contact Name: Andrew Yap
Contact Email:
Location: Kuala Lumpur, Malaysia

HomeToken is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest.