The blockchain-powered EstateX platform is aiming to help people get into the property market with its upcoming token launch. But (ESX)? Let’s see what we can find out.
Property and crypto
In terms of investments, one of the biggest investment sectors is property. The idea of bricks and mortar is seen as a safe choice for people who are fortunate enough to be able to afford a home of some description.
Although house prices can and do move up and down, as a generalisation, they have tended to rise far more than they actually fall. In addition, compared with a lot of other commodities, house prices are seen as a relatively stable choice and the basis of solid and reliable investments.
Compare this with cryptocurrency, and you can quickly see a major difference. Cryptos are notoriously volatile, with not only the whole market but individual coins and tokens liable to major swings from hour to hour, let alone day to day, month to month, or year to year.
Cryptocurrency is also a potentially very risky investment with the value of a token often affected by some rather random things.
EstateX explained
As anything can be traded, in theory, there just might be the potential for some kind of crossover between the worlds of cryptocurrency and that of the property market. One such platform that aims to do precisely that is the EstateX crypto project.
But what is EstateX? Essentially, it is a
