What Is The RealEx Steadycoin
The RealEx steadycoin is a token by RealEx DAO (decentralized autonomous organization), which is an organization on a mission to democratize real asset ownership. The company aims to increase participation of people in wealth creation by using decentralized finance.
RealEx steadycoin, is the first real estate-backed cryptocurrency that aims to achieve decentralization in real estate. The token is backed by assets that are resistant to inflation, offers the owners the concept of yield and also gives a medium of exchange. The token will soon be listed on decentralized exchanges following the Liquidity Bootstrapping Pool (LBP) event.
Benefits of the RealEx Steadycoin
The earnings from the sale of RealEx tokens will be used by RealEx DAO for acquisition of real estate and crypto assets. Besides this, it will also be used for further development of the organization’s technology platform (RealEx Protocol) on behalf of the community.
What Comprises a RLX Steadycoin?.
The RealEx steadycoin is a system of smart contracts. These are:
The RealEx steadycoin (RLX) – A standard ERC20 token that can be integrated into any DeFi product and protocol.
The RealEx Governance token (RLX-G) – A token providing governance rights over decisions in the DAO. This is a non-transferrable token.
The RealEx Asset NFTs (RLX-NFT) – A non-fungible token representing real assets under management by the DAO.
The RealEx Asset Vault – A set of smart contracts coordinating the assets held in the vault and the issuance of RLX tokens as a representation of those assets.
Steadycoin is a generic term used for tokens by the DAO and RealEx is a steadycoin. There are several benefits to holding steadycoin:
Since RealEx is backed by real estate assets, it is inflation-resistant. What does this mean? RealEx is not pegged to fiat currencies and thus, the yield can remain consistent relative to inflation when the purchasing power of fiat decreases.
The underlying value of the real estate assets backing the RLX steadycoin can provide a hedge in the case of a negatively volatile crypto market.
The RealEx steadycoin is not just used for trading, but additionally represents participation interests in the RealEx DAO. Those owning RealEx coins also get fractional ownership of underlying NFTs attributed to the individual assets held within the DAO treasury.
