HOMEBLOC
The Homebloc exchange is a #smartcontract platform that offers global trading 24/7 using #blockchain technology for residential #realestate and lodging..
| Date | Investors | Amount | Round |
|---|---|---|---|
N/A | Angel | ||
| Total Funding | 000k | ||
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Established in 2017, Homebloc is a financial software company operating in the real estate technology and cryptocurrency sectors. The firm is developing a decentralized platform built on blockchain technology to facilitate the tokenization of real estate assets. This approach aims to address market inefficiencies, primarily the illiquid nature of real estate, by converting property rights into tradable digital tokens. The company's vision is to increase liquidity in the rental and property markets by transforming traditional ownership models.
Homebloc's platform is designed to serve as a global marketplace for trading rental usage rights and real estate security contracts, operating 24/7 on the Ethereum blockchain. It plans to feature an asset authentication system and a dedicated registration and trading platform. The business model involves creating a complete ecosystem that supports everything from land development to the creation and trading of digital assets. Revenue generation is tied to the volume of transactions on the platform and its overall market share. The company targets the lodging and residential real estate markets, with an initial focus on China and the U.S., which represent significant portions of the global real estate value.
The ecosystem utilizes a proprietary cryptocurrency, the HOM token, as a means of transaction and a rewards mechanism. To mitigate the price volatility of its native token, the firm intends to incorporate a 'HOM Credit' system pegged to a specific market value. Users on the platform will have the option to transact using fiat currency, HOM tokens, or HOM credits. In June 2019, Homebloc secured an undisclosed amount of early-stage venture capital funding from Geekbeans Capital.
Keywords: real estate tokenization, blockchain, property rights trading, financial software, proptech, asset tokenization, decentralized platform, real estate investment, cryptocurrency, digital assets, fractional ownership, rental rights, lodging industry, smart contracts, ethereum, HOM token, Geekbeans Capital, market liquidity, asset-backed tokens