We all know that Cryptocurrencies are rapidly becoming a trillion-dollar industry and many are discovering that block chain technology is the future of the world. The market cap as of November 2017 has surpassed $200 billion, with Bitcoin making up $120 billion of this.
Bitxcoin is a new Cryptocurrency/company that is looking to innovate the Global Payment System.
If Bitcoin was being started over again, it would most likely use the superior Ethereum block chain platform.
Some consider Bitxcoin to be like Bitcoin as a payment system but expected to be better due to its more effective blockchain technology platform.
Plus, it’s backed by real estate assets (40% of pre ICO and ICO monies raised will be invested into real estate to ensure the currency also has an underlying intrinsic value). This can also make it a more stable currency unlike Bitcoin, which suffers from high volatility. Moreover, this can assist it being a more suitable payment system and likelihood of it being utilized long-term.
The team consists of successful early-stage bitcoin investors looking for the next up and coming Cryptocurrency and a development team that’s helped develop several other Cryptocurrencies.
The Cryptocurrency boom could be likened to the Dot Com boom. The currencies with asset backing will grow in value even if there is a future crash one day.
However, had Dot Com companies invested into quality assets, many of them would have survived and flourished.
Whereas many Cryptocurrencies may crash and burn, ones backed by real assets are likely to be around 10-20 years from now .
Bitxcoin seeks to introduce crypto assets that are backed by top performing real estate such as luxury holiday homes suitable for Airbnb and holiday letting platforms that generate 2-3 times the rental return of long term tenants (8-10% pa rental yields with 5-6% capital growth plus distressed real estate assets and land that can be developed and its value increased substantially once Development Applications are approved). This will create an exposure towards the real estate market for the crypto assets holders, such as rental income generation and capital appreciation from the underlying properties.
These crypto assets will be integrated with other services on the Ethereum blockchain. Bitxcoin will invest 40% of funds received into Real Estate and cash. This provides a long term growing asset backed currency that also has liquidity.
A professional profile Real Estate Investment Manager is being recruited to oversee the real estate portfolio. It is a more stable and ideal currency to be used as a payments system in general because of its asset backing and liquidity.