Press Releases

GBR’s ICO Is Officially Live On The Project’s Official Website

A blockchain company, backed by veterans in the real estate industry and based in Dubai, has recently launched the ICO of their token. The team behind GBR Coin (GBR) is completely set on its intention of becoming the default crypto payment gateway for the real estate industry, and has made astounding progress towards its objective.

The ICO for GBR Coin was launched just a short while ago on the project’s official website. However, the team has recently announced that it is shortening the period that the ICO will run Initially scheduled to remain active for four months, early investors will only be able to purchase the token at pre-sale prices over the next two months.

The GBR token was minted on the Polygon blockchain and has a max supply of 60,000,000 tokens. Of the total supply, 40% will be sold in private and public sales, 25% for company allotment, 20% for advisors and partners, and 15% for ecosystem and marketing.

Real estate investors, buyers and sellers will use the GBR token as a utility token within the all-inclusive GBR ecosystem to perform various real estate transactions. Furthermore, they will enjoy lightning-fast transaction speeds and phenomenally low network fees since the token is minted on an Ethereum “Layer 2” solution: the Polygon (MATIC) blockchain.

In addition, the underlying blockchain network of the GBR ecosystem will ensure that the ownership of the various properties listed on its ledger is protected and can be verified, and that all important information and files such as title deeds and property transfer agreements will remain secured.

To counteract the inherent volatility of the crypto markets, the GBR ecosystem will rely on a cutting-edge internal algorithmic trading bot, which has been tried and tested over the course of several months, to assist in maintaining the price stability of the GBR token.

In so doing, the GBR token can be considered as a viable form of payment in the real estate industry, since, at the very least, it is able to maintain its buying power to a level that cryptocurrencies created previously are still unable to accomplish.

Another neat feature of the GBR ecosystem is that middlemen traditionally involved in real estate transactions are no longer needed for the processing and settlement of transactions within the ecosystem, since it is able to benefit from all of the advantages that distributed ledger technology has to offer, including complete decentralization and autonomy.

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None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

Amaury Reynolds

A freelance writer covering many topics.

Published by
Amaury Reynolds

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