Startup brings a unique crypto approach to Real Estate

UK tech startup EWO place has unveiled the first real estate crypto reward system. Designed around blockchain’s staking concept, EWO rewards property subscribers while making rents fairer for the local community.

EWO Place functions like virtual real estate club, giving members the opportunity to earn rewards by subscribing to EWO owned properties in various locations across the globe.

Each week, members receive crypto rewards taken from the net profit of EWO’s lettings portfolio. This not only offers incentives for members, the system also allows for local communities to access good quality accommodation at fair prices.

Based on the Ethereum blockchain and designed for use within the platform, EWO’s native cryptocurrency, the EWO token works with a range of third-party services and apps, such as wallets and exchanges and can be traded for cash or other crypto assets. Comparing with other crypto staking platforms, the EWO difference is that it uses its own property’s income to distribute token rewards.

This model not only benefits members, but it also allows the socially conscious startup to list properties at below-average rental prices for that area, helping those that are struggling to source quality and affordable accommodation; something that is in short supply.

Richard Mathieson, Co-Founder of EWO place said, “It’s no secret that homeownership has become increasingly difficult. While this happens, tenants suffer ever-growing rents under punishing terms making the whole process unfair.”

He also added, “EWO lets you earn from properties you don’t own, while helping people you don’t know, so it feels great to be giving something back to our local communities while helping people earn crypto from the property market.”

To download the official EWO place app, visit https://www.ewoplace.com./