Cryptocurrencies, from Switzerland the currency linked to real estate. Here's how the SwissRealCoin stablecoins work.
Low liquidity and excessive volatility are two problems that feed almost all ecosystems cryptocurrencies based on blockchain. And precisely for this reason the "stablecoins" are becoming increasingly popular. It is sufficient - in this sense - to recall the growing number of projects that base their substance and sustainability on gold, oil, currencies, more consolidated assets, and so on. In short, the stablecoins they seem to offer an interesting alternative to cryptocurrency first generation.
In this context, just yesterday SwissRealCoin (SRC) announced the launch of its own platform of criptovaluta backed by real estate, which therefore allows investors from all over the world to access Swiss real estate through a new and technologically advanced asset. The goal is clear: by supporting the currency with real estate, SwissRealCoin hopes to provide a more stable than average option in the current panorama criptovalutario.
"The real estate sector is a very traditional and stable asset class, and therefore it is an excellent choice for a true stablecoin”- said Marc P. Bernegger, entrepreneur and ICO adviser at SwissRealCoin. “Switzerland stands out for its stable economic fundamentals in international comparison. Positive GDP growth, very low unemployment, a stable and liberal government and a very low debt / GDP ratio contribute to guaranteeing a prosperous environment for our stablecoin ".
The project provides that the money collected through SwissRealCoin ICO is invested in Swiss commercial real estate. A percentage will then reward the development of the company's blockchain platform, which includes algorithms that - he says - will help maintain a reasonable profit and minimize the negative aspects.
"The real estate portfolio is constantly growing"- said the managing director Brigitte Luginbuhl -"and SRC has an ever-increasing intrinsic value by reinvesting the net rental profits and reinvesting the net profit of the software licenses". The CEO then explained that "when the SRC market price deviates more than double the real estate value, the new SRCs are issued and sold at the market price, which means that we receive more money to buy additional houses and add to the portfolio. This action increases the internal value of the token".
Also, although the initial offer uses Swiss real estate, the company is already planning to expand into other markets. "For SwissRealCoin, properties are located throughout Switzerland, but we are already planning expansions for GermanRealCoin, EuropeanRealCoin and so on, where the portfolio will expand geographically"- said the manager.
