FOHO is launching a blockchain-based fractional real estate market that will make real estate accessible and affordable to more people around the world.
INDIA, November 17, 2021 /EINPresswire.com/ – FOHO has created a revolutionary marketplace for shared diligence and real estate investing that uses cryptocurrency. FOHO aims to provide a platform for safer and higher returns compared to traditional avenues of real estate investing. The platform brings together the worlds of blockchain, real estate and technology. The idea was co-conceived by Vijay Thomas and Roshan D’Silva. The goal is to create a transparent and incentive blockchain-based system to democratize real estate, making it accessible and affordable for everyone around the world.
The FOHO platform can be accessed at www.letsfoho.com and features fractional real estate opportunities in India, Sri Lanka and Canada. The initial offerings are a mix of residential and vacation rental properties in top tourist destinations as well as downtown business centers. Investors around the world can invest using cryptocurrencies, their credit card, and also through the FOHO Coin – a special utility token launched by FOHO, which began trading as a public coin on August 15, 2021. The Payment through FOHO Coin entitles investors to a 30% discount on platform fees.
Investors who buy fractions on LetsFOHO can make an informed decision by comparing investment opportunities on several parameters such as target IRR, expected return, purchase price, location, property size, etc. In addition to this, each transaction must be sponsored by an expert investor who invests a minimum of 10% of the property’s value and shares his investment thesis. This can be viewed and then reviewed by other website users.
The LetsFOHO platform is based on the fractional sharing of rentals and real estate experiences. The 4 pillars of the FOHO ecosystem include FOHO Coin, FOHO Haus, FOHO Work and FOHO Club. FOHO allows attendees to access world-class properties at a fraction of the cost. Jason Fernandes, a renowned figure in the crypto space and a member of the FOHO Advisory Board said, “FOHO is to the crypto space, what Uber is to the car rental industry. FOHO enables the fractional real estate ecosystem of the future.
FOHO is promoted by Tangentia and Tripvillas. Tangentia has been on the Profit 500 list of the fastest growing companies in Canada for 6 consecutive years and Tangentia America, the US arm of the company, has been included in the INC 5000 ranking of the fastest growing companies in Canada. United States. Tripvillas Group is one of Asia’s largest vacation home rental companies, headquartered in Singapore.
Combining the strengths of each member to move the team forward and through a unique community approach, FOHO has created a revolutionary blockchain-based marketplace for shared real estate. LetsFOHO.com’s goal is to create a transparent and trustworthy blockchain-based incentive system that democratizes real estate by making it accessible to more people around the world.