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What is RealEx DAO?
RealEx is the first real estate backed cryptocurrency. The RealEx DAO’s goal is to democratize real asset ownership and empower billions of people to participate in wealth creation through decentralized finance.
RealEx DAO’s Mission:
RealEx is pioneering digital asset technology representing an evolution in the ownership of real assets such as real estate, and provides a platform to make it possible for anyone to benefit from real asset ownership combined with the utility and growth of the decentralized finance markets. RealEx will provide a protocol level composition and integration layer that enables many different participants to plug into the system in order to provide utility that enhances the use and optimization of assets managed by the protocol, all powered through a RealEx steadycoin (symbol:REALEX).
The RealEx steadycoin is used to coordinate an array of real world assets whilst delivering multiple services and benefits to steadycoin holders:
-Store of value.
-Medium of exchange.
-Access to asset utility.
How RealEx DAO Operates:
The current approaches to converting real assets into digital assets are hinged on creating one-off assets that act as a store of value and rights to cash flow of a specific property or set of properties. RealEx takes a different approach by providing a generalized asset protocol and enabling multiple assets to be plugged into the protocol over time, which, in turn, will unlock additional benefits. One reason for this is that in many cases, the concept for owning property may not be to generate rental revenue, but rather for any number of other motivations; ranging from environmental preservation, to simply being an asset to back up a digital product. The core of the protocol is the RealEx steadycoin, which provides;
-Diversified risk across a very wide array of assets.
-Liquidity for steadycoin holders.
-Integrated access to the utility of all or a sub set of assets.
-Leverage across the DeFi ecosystem as a medium of exchange.
-Open access through public blockchain networks.
The Student Debt Crisis Alignment with the RealEx DAO:
RealEx is a mission-driven community. The RealEx DAO’s initial social mission is to transform student debt into financial independence by awarding RealEx steadycoins to any of the 43 million Americans shackled by $1.6 trillion of student loans. There are two reasons for this. One is to help this community pay off their loans. Two is to help create a private-market solution to the housing affordability crisis. Student debt is an increasing problem in Europe with over 1.3 million people in the UK suffering under a staggering average of $60,000 USD of debt per person.
Through planning to award steadycoins to people with student debt, RealEx DAO hopes to increase access to property ownership and provide a way to help people in debt get ahead as the value of their real estate backed cryptocurrency grows over time.
The RealEx Foundation has been allocated the first 1 million RealEx steadycoins to be awarded to people with student debt.
The RealEx Foundation intends to distribute steadycoins to anyone from any country in the world who applies and qualifies for an award, provides their contact information, has a valid student loan, and a crypto wallet in which they can receive steadycoins.
RealEx Main Site: