Is Everlodge ($EGLD) a buy as Thailand raises real estate-backed tokens?
Thailand lifts restrictions on real estate-backed tokens for retail: Should you buy Everlodge? This project aims to disrupt the vacation property space. The $EGLD presale continues to attract traders' attention.
In recent crypto news, Thailand's Securities and Exchange Commission (SEC) has updated regulatory restrictions on retail participation in real estate-backed tokens. The development is likely to prompt more retail investors in the country to join real estate investment trusts (REITs) and token-backed property projects.
As the industry completes this growth, a new project that seeks to democratize the real estate investment space is making its first preparations for the market following pre-sales.
Here's what Thailand's regulatory action means and how Everlodge ($EGLD) is positioned to transform the property industry through tokenization.
Retail investors can join real estate-backed ICOs.
In the year According to a January 18, 2024 amendment by Thailand's SEC, the regulator revised criteria for retail investments in digital tokens whose underlying assets or sources of income are real estate or infrastructure.
The regulator announced that it has lifted the previous requirement that retail investors in real estate-backed or infrastructure-backed tokens could only invest up to 300,000 baht ($8,500).
With this update, retail investors have more opportunities to participate in the real estate market. This new approach to digital tokens went into effect on January 16, the regulator said.
Everlodge ($EGLD) brings fractional real estate ownership to retailers
If you want to invest in luxury villas, hotels and vacation homes but can't make the cut, now you can invest in fractional shares.
Everlodge ($EGLD), a crypto startup looking to bring the real estate marketplace to the blockchain. In the year Statista estimates that this major investment sector will grow at a compound annual growth rate (CAGR) of 3.41% from 2024-2028, representing a market size of more than $729 trillion by the end of 2028.
As tokenization increases interest in receiving real-world assets on the blockchain, retail investors can diversify with Everlodge as they compete for investment opportunities in the broader real estate market.
As an example, a retail investor can invest as little as $100 as a luxury home owner. Then, as vacation property prices explode, so do the prices of fractional shares, giving retailers an opportunity to be part of this market.
Everlodge is accelerating this, with its fractional trading marketplace, powered by the $EGLD token. The token acts as a native currency within the Everlodge ecosystem and provides opportunities for stays as well as discounts on purchases on the Marketplace.
With ownership and document titles stored as NFTs, trading opens up other opportunities for the community.
$EGLD is currently only available through pre-sale.
