Crowdvilla is a great example of a project that is trying to create a more fair and open marketplace for the real estate industry. We are very excited that Crowdvilla has decided to build on the Origin Platform and we look forward to collaborating with Darvin Kurniawan and his team
SINGAPORE (PRWEB) June 15, 2018
Crowdvilla, a blockchain-based real estate startup, has joined the ranks of cryptocurrency startups that support the Dai stablecoin.
Crowdvilla enables users to own and share holiday homes as a community through its newly enhanced token designed to make the Crowdvilla platform more secure and flexible.
Moving full steam ahead, Crowdvilla is reviving the sharing economy by using Dai in the Crowdvilla app for greater access to the cryptocurrency network.
“We are elated to be collaborating with MakerDAO. They are creating an interesting and elegant solution with the Dai Stablecoin System, and we are exploring adding Crowdvilla token to the Dai Stablecoin System upon the release of multi-collateral Dai,” said Darvin Kurniawan Co-Founder and CEO of Crowdvilla.
Crowdvilla and the MakerDAO team are also working together to help users seamlessly book beautiful and exotic homes using tokens known as Crowdpoints that are generated by Crowdvilla tokens.
In addition, Crowdvilla will integrate the Origin Protocol for fractionalised usage and will integrate the Bancor Protocol for access to continuous liquidity.
As Crowdvilla works to build a ‘true’ real estate sharing economy model, the aim of integrating Origin Protocol is to decentralize the real estate industry, and put control back into the hands of users.
Origin Protocol enables both traditional marketplaces and fractional-use, or sharing economy marketplaces (such as short-term rentals or ride sharing), to function in a completely distributed way using Ethereum and IPFS.
“Crowdvilla is a great example of a project that is trying to create a more fair and open marketplace for the real estate industry. We are very excited that Crowdvilla has decided to build on the Origin Platform and we look forward to collaborating with Darvin Kurniawan and his team,” said Josh Fraser, Co-founder of Origin Protocol.
With the integration of the Bancor Protocol, Crowdvilla token holders will be provided with an alternative way to buy and sell their tokens outside of cryptocurrency exchanges, creating instant liquidity.
Crowdvilla Tokens will be released after their token sale to launch in July 2018, and can be obtained in exchange for ETH.
As Crowdvilla is a non-profit organisation, proceeds from the token sale will be used solely for the acquisition of holiday homes and would not be used for any other purpose.
Crowdvilla is a Singapore-based community-focused blockchain non-profit organization that provides a platform for users to own and share holiday homes around the world. After founding REIDAO, a blockchain based real estate company, Darvin Kurniawan co-founded Crowdvilla as a proof of concept of the the decentralized real-estate ownership model.
MakerDAO is a decentralized organization dedicated to bringing stability to the blockchain. After 3 years of development, Dai is now publicly available an asset-backed, hard currency for the 21st century — the first fully-decentralized stablecoin on Ethereum. Dai is on it’s way to unlocking the unique benefits of a true financial ecosystem on the blockchain. The stablecoin is managed through an autonomous system of smart contracts, specifically designed to respond to market dynamics which ensures that this essential stability property is continuously maintained. No one can alter the core mechanics of Dai, making it a safe and predictable form of money. Visit the website and join the MakerDAO subreddit.
The Bancor Protocol is a standard for the creation of Smart Tokens™, cryptocurrencies with built-in convertibility directly through their smart contracts. Bancor utilizes an innovative token “connector” method to enable formulaic price calculation and continuous liquidity for all integrated tokens, without needing to match two parties in an exchange. Smart Tokens interconnect to form token liquidity networks, allowing user-generated cryptocurrencies to thrive. To convert tokens instantly, visit the Bancor Web App or join the Bancor Telegram group for more information.
About Origin Protocol:
Origin is building the sharing economy of tomorrow. Buyers and sellers will be able to transact without rent-seeking middlemen. Origin believes in lowering transaction fees, reducing censorship and regulation, and giving early participants in the community a stake in the network.