Deedcoin (DEED) - Utility token for real estate

[potato_potato]

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

[friera]

I agree completely, I am part of the crypto community for the last 2 years, I analysed and invest in some ICOs, and to be honest, Deedcoin has an already implemented idea, it is an ongoing business... it is not theoretical, IT IS practical, it is already in use...

I really recommend you, go through the whitepaper, analyse the idea, the team, the community... after doing this you will become a believer and an investor...

[stan8791]

I can define Deedcoin with these words: Great team, great community and revolutionary project. I believe Deedcoin will disrupt real estate sector with blockchain technology. You can easyly understand by reading the whitepaper how it is beneficial for all sides. I believe in Deedcoin.

[Milaneg]

For two weeks now, I keep my focus on Deedcoin. Deedcoin allready proven to be a project with great potential.  Today i finaly noticed what makes this ICO is so great. In the past i joined a few coin airdrop. Most of them i do not even remember the name of. Airdropping coins isn’t the way to start a new ICO. The team of Deedcoin does this in a more profesional and fun way. Artcontests, monster hunting and all kind of other contests and of course just making fun together in their Telegram. All to build on a great and dedicaded community of followers, who believe in the project.     

[Tstar]

Interesting concept with a interesting business model and a real usage.

But even more interesting will be to see the list of those "Agents are already identified in all 50 states."

[potato_potato]

But even more interesting will be to see the list of those "Agents are already identified in all 50 states."

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.

[hieu81]

This is interesting business model and a real usage. I like your plan but you need share more info! Because this year! We have more ccoin and token creat per day!

[potato_potato]

This is interesting business model and a real usage. I like your plan but you need share more info! Because this year! We have more ccoin and token creat per day!

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

[Cryptowhynot]

This is interesting business model and a real usage. I like your plan but you need share more info! Because this year! We have more ccoin and token creat per day!

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

They seem to have a strong following on Twitter and their Telegram group is growing steadily. The fact that they already completed a transaction before the actual launch in April is very impressive to me.