Metropoly is the first platform through which real estate ownership interests can be traded in fractional NFT format.
Through crypto and blockchain, Metropoly democratizes the real estate market, making it accessible to more retail investors. The minimum entry threshold is $100.
Each penthouse, apartment or house on the platform is pre-digitized as multiple non-interchangeable tokens that are 100% backed by real physical objects. Different NFTs are assigned their own promissory notes, which guarantee dividend payments to its owner, according to the size of the investment.
The marketplace features properties that are available for long-term rentals for daily living or short-term rentals for vacations. Before investing, users can check the reports related to a particular house. The company assures that all properties are owned by Metropoly Foundation or partner companies.
If someone wishes to redeem all the fractional non-mutualizable tokens that make up the ownership of a single property, the Metropoly team will provide advice on what steps to take and what documents to prepare.
Real estate and blockchain experts from London, Dubai and Ontario are working on the project. The people behind Metropoly are experienced managers of international companies and founders of various startups.
METRO token
METRO is the platform’s own utility token, developed according to the ERC-20 standard. It is required for transactions in the Metropoly ecosystem and is also used for investor rewards. METRO’s maximum supply is limited to 1 billion tokens.
Token allocation:
30% for rewards for buyers;
28% to the presale;
20% to the liquidity pool;
10% to the team;
10% to the agreement between the parties (Terms & Conditions);
1% – for eirdrop;
1% – for referral program.
During the pre-sale Metropoly managed to raise more than 1.1 million dollars, about 3 thousand investors participated in it. The primary value of the METRO token during the listing on the exchange was $0.1.
