Great Questions! This is the kind of debate that I wanted to generate.
1- Let's compare REIT with this approach:
- REIT funds became really popular, but actually some countries, including Chile, don't have one yet.
- Both XYZ and REIT are low risk, high reward because of the diversification.
- XYZ is not a REIT itself, it's a currency that you can use to buy some XYZ-?, which are assets, and make your own portafolio. So you decide in which properties to invest and how much, REIT funds dont have that flexibility. So a combinatios of XYZ-? make a RITS.
- From my platform, you will be able to trade this XYZ-? with XYZ.
- You will have visibility of all the properties being administrated, you will know who lives in each property you onw some %, see pictures of the property every 6 months, watch that all the expenses are being paid, etc. This is about visibility and transparency. REIT funds dont have that, you dont know how properties are being managed.
- I don't know any RITS this international reach.
- I would like to make it secure for investor, so XYZ can be made using the same regulations that RITS funds use.
- REIT funds usually mix mortgage and equity. This will be based only on equity. So you earn a monthly income from rentals + the future value of the property because of the appraisal every few months.
- I want to introduce online actions later! So you will be able to buy a property in auctoin with XYZ, you can own the 100% of this XYZ-?, we can reapair the property and rent it. Those properties being in auction are MUCH cheaper, in Chile we have a few thousend auctions every year, so it's a few properties every day, not a bad volume at all.
2- Why is it important that it's a cryptocurrency?
It isn't! It's not necessary to use cryptucurrencyes, but we all know that databases are prone to hacking, so this is an extra security layer. Let's use the technologies that are in our reach.
Another pro is that cryptocurrencies became really popular, and you can trade most of them with bitcoin, you can trade Ethereum with bitcoin now, etc. So making XYZ tradeable with bitcoin will make it reachable around the world.
I can integrate the platform with Stripe, with Stripe you can pay with dollar, euro, bitcoin, etc. They are not yet in Chile that's why I havent dont it yet. I'm just waiting for them.
I can you use CLP or CLF (Chilean currencies) and accep[t EUR-USD, etc as payments. But i like the idea of a cryptocurrency, as it is novel, it will have a lot of traction I think, I can reach the news and newspapers on my country (at the beginning) as a new way to invest that is reachable to all the country (and the globe).
Hope it helps to further discussions and hope that there are more questions left, so we can all make clear those ideas in our minds. I'm not the "owner of the truth" or something like that. Just wanted to share my idea to make it better with you so it can be improved.
Regards!
Luis