In a world where everything is changing, why not change the way we pay for rent too? In a globe where blockchain and asset tokenization are becoming more popular, EWO Place is applying the same technology to real estate.
EWO Place aims to revitalize neglected areas by #CancelRent, as they like to say. They observed how rapid urbanization has led to small European villages losing a large portion of their economic activity, resulting in huge tracts of abandoned property in some of Europe’s most beautiful regions
In an effort to try and kill rent once and for all, they have created a no-rent model based on their own properties worldwide. This has never been done before in the real estate industry and will allow people to live anywhere without paying any monthly payments or having any contracts that tie them down.
Democratizing Ownership and Driving Accessibility
The company’s mission statement is ‘to democratize property ownership by giving everyone access to high-quality homes.’ They are doing this by using blockchain technology which allows them to be more transparent than traditional companies that can hide behind paperwork and local laws. They also allow their tenants to make contributions and earn equity as owners, giving them a say in the development of each property as well as any decision-making as it pertains to future real estate ventures.
This is done with their EWO token (the company’s own currency) which is used to rent property, vote on decisions and make other contributions. The EWO token is an Ethereum-based cryptocurrency with a finite supply of 101 million coins. You can simply purchase it using fiat or direct Ether exchange on their official app (Android and iOS). EWO Token also has a limited daily buy limit to avoid whales, and users may stake while waiting for listings.
The company has a team of experts in real estate, blockchain technology, and marketing who share the same vision of changing the way we live for the better. They have already started purchasing property all over the world and will continue to do so as they expand.
“The EWO Place no-rent model is a game-changer in the real estate industry,” says the CEO of EWO Place. “We are giving people the freedom to live where they want, without having to worry about monthly rent payments.”
The company is in the process of testing its system on a larger scale in Portugal’s Pampilhosa da Serra region and will look at other countries throughout Europe. To expand this platform, the team is advocating at all stops. Italy? El Salvador? Who knows what lies ahead?
This is a project that allows anybody to feel like a landlord without having to do any of the work, while still ensuring that you’re helping to revitalize neglected communities and their economic vitality. With all the overcrowding in major cities, it’s strange that we don’t see more initiatives like this. It’s time we all start canceling our rent and taking advantage of this new, innovative way of living.
You can be a part of this movement by downloading their app, browsing through their selection of properties, and purchasing tokens in the hopes of owning your property in the future! You will become a stakeholder in the company and have a say in how it grows. So, why not join the revolution and #CancelRent?
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