HomeCoin: An Innovative Real-World Asset (RWA) Based Stablecoin

Bittime - HomeCoin is here as a new breakthrough in the cryptocurrency space, offering a stablecoin backed by Real-World Assets ( RWA ) in the form of mortgages in the United States.  

Let's take a deeper look at HomeCoin and how they are trying to create a more efficient and profitable financial system for their users.

RWA-Backed Stablecoins: Stability and Profit Potential

HomeCoin is categorized as a stablecoin, namely crypto with a stable exchange rate and pegged to real assets such as the United States dollar. However, what differentiates HomeCoin from other stablecoins is its support for real assets in the form of mortgage loans.  

These assets are similar to home loans held by banks and governments, providing a strong foundation for the stability of the value of HomeCoin ($HOME).

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Benefits of Using RWA

• Price Stability: RWA support in the form of US government-approved home ownership loans contributes to the price stability of $HOME. This makes HomeCoin an attractive alternative for investors who want a stable crypto asset.
• Profit Potential: HomeCoin offers higher profit potential compared to traditional financial products. HomeCoin users are entitled to a portion of the income from mortgage payments underlying the $HOME asset. HomeCoin claims that this profit can reach 10-30x the interest of conventional banks.

HomeCoin Working Mechanism: Transparency and Security

HomeCoin implements a transparent working mechanism and prioritizes security:

1. Token Deposit and Issuance: Users deposit crypto assets such as USDC , USDT, or DAI into the HomeCoin protocol. In exchange, users receive $HOME tokens.
2. Lien Assignment and Registration: A lien is placed on the property underlying the home loan. These liens are registered at the local civil registry office and on the blockchain, so ownership and security are guaranteed.
3. Lending: The HomeCoin protocol provides loans to property owners with a value equal to the lien.
4. Income Distribution: When a property owner makes an installment payment, the payment is received by the HomeCoin protocol. After deducting operational costs (1%), revenue is then distributed to $HOME token holders.
5. Right to Claim Collateral: If the property owner fails to make payment, the HomeCoin protocol has the right to sell the property and use the sale proceeds to settle obligations to $HOME token holders.
6. Transparency and Security:   This entire process is managed transparently on the Ethereum blockchain. Users can track every step, from lien registration to income distribution.

HomeCoin Tokens

The HomeCoin system is supported by two tokens:

• $HOME (Utility Token): This token serves as a representation of asset ownership and rights to profits generated from the protocol.
• $RWA (Governance Token): This token gives its holder voting rights in the decision-making process regarding the governance of the HomeCoin platform.

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HomeCoin: Towards a More Inclusive Financial Future

HomeCoin offers an innovative solution that combines the stability of real assets with the profit potential of crypto. Users can enjoy the price stability of $HOME while participating in the home mortgage market and earning potentially higher returns compared to traditional financial instruments.

By combining blockchain technology and Real-World Assets, HomeCoin seeks to create a more efficient, transparent and inclusive financial system.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and safe way via Bittime . Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.  

To be able to buy crypto assets on Bittime , make sure you have registered and completed identity verification. Apart from that, also make sure that you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. 

Learn  Complete Guide How to Buy Crypto on Bittime . 

Monitor price chart movements of Bitcoin (BTC) ,  Ethereum (ETH) ,  Solana (SOL)  and other cryptos to find out today's crypto market trends in real-time on Bittime. 

Also read:

Latest RWA Opportunities: Can Now Be Invested in Small Denominations with Tokenization

What Are Real World Assets (RWA), 5 Crypto Coins & Blockchains That Use the RWA Narrative

RWA Report in 2024: These 3 Things Are Evidence of the Rise of Real World Assets in Crypto

DISCLAIMER:  This article is informational in nature and is not an offer or invitation to sell or buy any crypto assets. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices can change significantly from time to time and Bittime is not responsible for changes in fluctuations in crypto asset exchange rates.