NASHVILLE, Tenn. (June 12, 2018) — TNCoin LLC, a Nashville, Tenn.based real estate investment platform, recently announced the creation of one of the country’s first real estate tokenized asset funds. TNCoin will use the Stellar consensus protocol to distribute tokenized shares to investors, which allows for the portability and fungibility of cryptocurrencies that modern investors love. “TNCoin is a move in the positive direction for cryptocurrencies by providing more stable, securitized options.” said Fund Manager Luis del Mazo, Jr., CIPS.
TNCoin represents a valuable opportunity for individuals wanting to capitalize on this unique real estatebacked investment. At this juncture, TNCoin is seeking to raise between $5 and $50 million from accredited and foreign investors. “Although initially, this offering is only for accredited investors in the U.S., in the future, we would like to offer a Regulation A plus to open up to all levels of investors.” del Mazo said. Currently, TNCoin is offering a 30% bonus Tokens for first 10 million in capital raised. Investors will be available to sell tokens on the decentralized exchange 90 days after soft cap goal.
One of the key components of TNCoin’s offering is to provide investors with a tokenized asset that can be stored and exchanged at a future date. TNCoin is distinctive because it is one of the first securitized real estate investment funds to offer liquidable security tokens. The fund will acquire real estate assets either to rent, hold, renovate and sell while distributing dividends to token holders. TNCoin is considering as its first acquisition a multifamily housing facility located at 1601 Herman St. in Nashville. (Currently, the apartment building is 100percent occupied.) “If we can negotiate a better price then TNCoin will initially be backed by this 68unit apartment building generating 1.3 million in revenue a year, secured by corporate rental agreements,” del Mazo said. “The steady rate of return through rents and appreciation will help cryptocurrency investors stabilize their volatile portfolios.”
Stellar is a blockchain platform that is primarily focused on integrating distributed ledger technology into the existing financial infrastructure. The Stellar consensus protocol is an opensource protocol for exchanging money. Stellar connects banks, payment systems and people around the world. Smart contracts combine protocols with user interfaces to formalize and secure relationships over computer networks. Objectives and principles for the design of these systems are derived from legal principles, economic theory, and theories of reliable and secure protocols.
Liquidity, performance, security, and ease of use make Stellar an ideal protocol for tokenization. Stellar provides a builtin exchange which does not require the use of listing to a 3rd party exchange. Token issuers can customize smart contract features to satisfy securities laws. Consumer protection and KYC/AML requirements can also be added, providing for a selfregulating ecosystem, other programmable features include dividend distribution and selfauditing functionality. Tokens created on the stellar consensus network can also be listed on 3rd party exchanges like Bitterex and Binance in the same way as ERC20 tokens. Another important factor is performance. Stellar remittance fees are cheaper and faster than ERC20, and the stellar network can handle more transaction simultaneously while not being susceptible to the scalability issues of the ERC20 protocol. The ease of use and simple programming of the stellar protocol is also a security feature as it prevents complicated and exploitable codes to be programmed into its network. Another security feature is the ability of administrators to recover lost or stolen tokens. For investors who wish to use BTC and ETH, do not worry TNCoin will be able to accept those too!
TNCoin is poised to help investors take advantage of this emerging asset class and technology. Luis A. del Mazo and his business partner, Tanya Rodriguez, CIPS have a high level of knowledge in Real Estate and blockchain investing and are establishing themselves as real estate crypto pioneers. They are committed to leading the way in this new emerging tokenized real estate industry.
In terms of their professional background, del Mazo and Rodriguez both became licensed Realtors in 1998 and have distinguished themselves as international real estate advisors. Together, these certified international property specialists have completed hundreds of commercial and residential real estate transactions. Over the past 20 years, del Mazo and Rodriguez have worked all aspects of the real estate industry and have continually enhanced their knowledge. Del Mazo, who holds a Bachelors in Business Administration from ITT Technical Institute, worked in mortgage finance before beginning his real estate career. From 19982008, he maintained a position in Remax’s elite 100% Club as one of its top producers. His experience encompasses everything from rental and construction management to renovations, sales, structuring creative financing strategies, and investment consulting. Rodriguez is an experienced commercialresidential Realtor with a solid history of working in the areas of negotiation, sales, buyer representation, investments, U.S. Federal Housing Authority (FHA) and relocation.
For more information about TNCoin and its exceptional investment opportunity, please visit www.tncoin.io.