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Users receive rewards for contributing market data to the platform, for example, or posting detailed information about a specific listed property.
Ultimately, REX is a free real estate listing service with no advertisements and faster speeds. How does the company plan to make this business model work? REX is built on blockchain technology. That blockchain connects vendors, buyers, and agents over an open network that rewards you for contributions. How can REX be free to use?
This token is used to interact with all different products and services on the platform. That currency enables frictionless transactions between members on the platform. Users are paid in REX tokens to list properties or to provide network data.
You might receive REX tokens for providing a history of a property, for example, and other relevant real estate information. Tokens can then be exchanged within the platform for REX features and services. You could spend REX tokens to create a professional profile, for example, or to promote your profile across the REX network. Like other blockchain technologies, REX is based on a decentralized, distributed network.
Anyone can access the platform anytime from anywhere in the world. Ultimately, the goal of REX is to connect vendors, buyers, and agents through an open network. By distributing data across thousands of computers, information is democratized and storage becomes exponentially cheaper.
The company has scheduled its ICO for July The first seed round closed in October , while launch dates appeared online in March Test listings went live in April By December , the company hopes to launch phases 1 and 2 of its platform. The company is also assisted by advisors like Duke Long, a 20 year veteran in commercial real estate, as well as William King, the founder and executive chairman of Zephyr Health, and Dr.
John Balian, an active real estate investor in New York City. REX has an ambitious goal: they want to disrupt the property listing industry the same way Netflix, Amazon, and Uber have disrupted their industries. Using blockchain technology and a free, open listing service, REX offers a more viable alternative to platforms like MLS, which charge high fees, display intrusive ads, and have monopolized the industry.
The next step for REX is to release its tokens. Details about the token sale will be released in the near future. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption.
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