New York City Real Estate Coin (NYCREC) is a Reg S security token offering that aims to break down the barriers to entry for real estate in New York City.
NYCREC uses blockchain technology to tokenize New York City real estate in order to offer token holders fractional interest in a portfolio of properties in NYC. This opens up opportunities for worldwide accessibility and liquidity in one of the most competitive and desirable real estate markets.
NYCREC Token holders can enjoy some of the benefits that come with owning real estate, including receiving revenue from the building’s cash flow via Ethereum airdrops.
The NYCREC ICO began on December 12, 2018. The ICO token supply represents 60% of the total token supply, so there is a total of 1,050,000,000 NYCREC tokens available (including Pre-Sale), for 0.2 USD. The ICO the funding cap is 1,050,000,000 NYCREC and is expected to end on June 1, 2019, or when the funding cap is reached.
Token Reserve Split (40%):