TNCoin: Bringing Real Estate Investors Together Using Blockchain

TNCoin is a real estate platform built on the Ethereum blockchain. The platform allows for the tokenization of the real estate and allows ownership interest to be distributed in the form of digital shares.

The company’s aim is to create a direct relationship between real estate investors and investment opportunities. The platform champions for risk-adjusted returns as each investment is made up of risks and rewards.

Investors in the real estate industry can now hold and store their digital investment in Ethereum based wallets such as Ledger and Trezor.

This enables the investors to invest any amount of money in commercial or residential properties.

How TNCoin Works

The platform uses digital assets to bring democracy to the real estate industry allowing transparent access to real estate opportunities. The TNCoin assets provide more liquidity to investors in a current illiquid real estate industry.

The goal of the platform is to bring tokenized cash flowing real estate to the investor’s portfolio. With the help of blockchain technology, both corporate and private clients can access all the information they might require on multiple real estate opportunities from one platform. The platform lowers the barriers to entry for investors enabling them to be part of the real estate market.

TNCoin is backed by real estate and thorough investigations, evaluation, selection, and approval of properties are carried out before any property is added to the platform. The proceeds from the initial coin offering shall be used to acquire properties for investment.

The platform offers real estate investment opportunities at Nashville, which is one of the top US real estate markets.  On a daily basis, approximately 100 new residents move into the town due to the affordability and the growing real estate industry.

The cost of doing business at Nashville is said to be 88%  of the national average and the local growth in disposable income is estimated to be 40% higher than the national average over the next five years.

The current real asset property offered by the platform is the initial phase of a 68 unit fully renovated apartment which is located at Nashville TN. It has five buildings that total 69, 106 square feet. The apartment is currently 100% occupied and the annual rent is at 1.3 million, which puts the investment in this apartment at 6% cap rate.

This tokenized asset can be stored and exchanged at a future date. This will allow for the portability and fungibility enjoyed by crypto enthusiasts

Why TNCoin

• Backed by real estate- The platform is backed by real estate investment that is the only true and known store of value
• Legal compliance- The investors are accredited under Reg. D 506 (c) and Reg. S 144 R.
• Tokenized asset- The token allows for portability, fractionalization, and ease of exchange among investors
• Ethereum platform- The ERC-20 platform used allows for tokenization and for transparency in the platform.

The TNCoin ICO

The platform token is unique as it is based on the Ethereum standard, it can be used for other services that are built on the Ethereum blockchain. The ICO of TNCoin will start on 5th April 2018 at 12:00 UTC and is scheduled to end on 16th May 2018 at 12:00 UTC. The token will be valued at 1 ETH=300 TNCoin