According to reports, the real estate market is a massive and profitable market worth up to $10.5 trillion in 2020. Since its inception, the real estate sector has adhered to a traditional, streamlined model, which has resulted in consumer complaints, as there are numerous flaws in the current real estate model.
The introduction of blockchain technology into the finance industry has catapulted it to new heights, with DeFi (decentralized finance) serving as the key to a trustless and permissionless financial system. With the introduction of blockchain technology into these various industries, other industries such as health, sports, and, more recently, online gaming have seen massive growth. The possibilities associated with blockchain technology are limitless, as has been demonstrated time and again. The real estate industry appears to be the next stop for blockchain technology. In this article, we will look at EWO place, a real estate tech company, and its unique cryptocurrency offerings.
Introducing EWO place
For a long time, the real estate industry has been stuck in a rut, with innovations few and far between in the trillion-dollar industry. EWO place is a real estate technology company that aims to change that by utilizing cryptocurrencies and blockchain technology.
Intending to replicate what low-cost airlines did for flight-based travel, EWO Place uses blockchain technology to disrupt the traditional real estate model with the hashtag #CancelRent. They are trying to kill rent, this has never been done before, this truly is a unique real estate offering. EWO place uses a no-rent model for its properties to demonetize the real estate sector and empower people to live free of mortgages and exploitative rent.
The traditional real estate model has been built on exploiting poor renters and enriching the pockets of wealthy property owners. This issue has become a source of concern for a large portion of the world's population.
Its native token, EWO token, backs EWO Place's real estate tech platform. They are widely compatible Ethereum based assets and only 101M are issued. You can buy, earn, store, swap, or use ETH for EWO tokens directly within the. EWO token promotes decentralization further and can be used to pay for property bookings, on-demand services, and as a form of incentive for EWO platform users. This creates a new way for people interested in real estate to transact, as there is no longer a need to use centralized financial models to book or obtain a property. Besides that third-party apps, wallets and exchanges are also available.
EWO's Place Business Model
Users of the EWO platform benefit from a more equitable rental model, with EWO allowing them to pay little to no rent while also providing a passive income stream in the form of EWO tokens. The properties listed on the EWO platform are strategically important. EWO aims to rekindle interest in struggling communities and encourage users to sign up to purchase local services and goods. EWO tokens are used in all transactions on the EWO platform.
Unlike other crypto-related projects, EWO Place did not raise funds through the traditional ICO route, instead opting to develop a solid product and run a successful pilot across Europe. EWO Place is similar to a community-first real estate club for flexible living. EWO Place aims to make rent affordable and give people the freedom to live wherever they want. EWO Place aims to improve the real estate industry and assist in developing sustainable micro-economies in surrounding communities.
