Team Deedcoin: Congrats on hitting the pre-sale phase limit!

 

Hey hieu81. I don't represent Team Deedcoin, but I'm sure more marketing and outreach is on the way.

Hey Tstar. If you go to the Deedcoin HQ site (link in my original post) you can see them by each state. From my understanding, the list is growing but already has representation in most major areas.

This is my first post on Bitcointalk, but wanted to shed some light on a utility token in its ICO phase.

Deedcoin (DEED) is a utility token focused on real estate commissions (residential or commercial real estate). Essentially, DEED is used to lower commissions up to 5%, and to provide a platform for connecting buyers/sellers with participating real estate agents. Agents are already identified in all 50 states. Let's break it down a bit more:

In the United States, a typical residential real estate transaction includes fees of roughly 6% of the sale price. The seller bears this responsibility, owing 3% to the buyer's agent and 3% to their agent. So, for example, a $400,000 sale would include $24,000 in fees. Deedcoin believes this system is flawed, and wants to put more savings into the sellers'/buyers' hands. At its basic application, 10 DEED will be pegged to a 1% reduction in the overall commission, with a maximum of 5%. The local agent keeps 1%, while the use of DEED covers the overhead and transaction management provided by Deedcoin HQ. If the buyer is the only party using DEED in the transaction, they can receive up to a 2% rebate in the purchase price of the home (I recommend reading the whitepaper for more information on this topic).

My main question during my research was this: "What if the market rate for DEED exceeds the normal commission price?" Well, enter the Alpha Formula, which guarantees savings regardless of what the current exchange rate might be. In a nutshell, once DEED hits $120 per coin, the Alpha Formula starts adjusting the amount of DEED required to lower commissions. If the price of DEED rises dramatically via mass adoption/use, the amount of DEED your transaction requires is lowered. I created the following scenario using the Alpha Formula:

A) Property Sale Price: $250,000
B) Market price per DEED (hypothetical): $150
C) DEED required to lower commission by 5%:  33
D) Total DEED cost (with target being a 5% commission reduction): $5,000
E) 1% Commission to local agent: $2,500

Commission cost WITHOUT Deedcoin: $15,000
Commission cost WITH Deedcoin: $7,500 (D + E)
SAVINGS PER DEEDCOIN: $225, OR A TOTAL OF $7,500

Deedcoin is based in Florida and already has one pending property closure using DEED. Think about that for a second. This is a cryptocurrency application that's already in use, already serving a tangible benefit. That's miles ahead of most other ICOs. If this market grows, and actual sellers and buyers start talking about their savings, the potential is huge. Additionally, the Deedcoin HQ site could easily grow into the next Zillow or Trulia, where most residential real estate movement begins.

During the ICO, DEED is going for $1.50 per coin, with a total supply of 70,000,000 tokens.

Deedcoin Launch (token sale site): https://www.deedcoinlaunch.com/
Whitepaper: https://www.deedcoinlaunch.com/documents/Deedcoin%20White%20Paper.pdf
Deedcoin HQ: https://www.deedcoinhq.com/
Telegram (awesome community): https://t.me/Deedcoin