Metropoly is the first-ever platform that allows you to trade fractional ownership of real estate through NFTs.
Metropoly democratizes the real estate market by utilizing cryptography and blockchain technology, making it accessible to a wider range of retail investors. The minimum entry threshold is $100.
Each penthouse, apartment, or house listed on the platform is digitized as a set of unique tokens, which are 100% backed by real physical properties. Each NFT is linked to an individual dividend-paying promissory note, which guarantees the owner a share of profits based on their investment.
The marketplace features properties available for long-term or short-term rental. Users can review the financial reports associated with each property before investing. The company assures that all properties belong to the Metropoly fund or partner companies.
If someone wishes to purchase all fractional NFT tokens that comprise the ownership right to a property, the Metropoly team will consult on the necessary steps and document preparation.
The project is developed by real estate and blockchain experts from London, Dubai, and Ontario. The people behind Metropoly are experienced managers from international companies and creators of various startups. The senior platform developer is Mark Dave
METRO Token
METRO is the native utility token of the platform developed under the ERC-20 standard. It is necessary to conduct transactions within the Metropoly ecosystem and is also used as rewards for investors. The maximum supply of METRO tokens is limited to 1 billion.
Token distribution:
- 30% – rewards for buyers;
- 28% – pre-sale;
- 20% – liquidity pool;
- 10% – team;
- 10% – terms & conditions agreement;
- 1% – airdrop;
- 1% – referral program.
Token Distribution Infographic. Source — White Paper Metropoly
The platform raised over $1.1 million from around 3,000 investors during its pre-sale. The primary price of the METRO token was $0.1 at its listing on the exchange on May 1, 2023. The token address security was audited by reputable auditors such as CertiK and Solidproof.
Metropoly’s ecosystem
NFT marketplace
The NFT marketplace allows users to buy and sell fractional NFTs on the Ethereum blockchain, which can be stored in Metropoly's wallet or other ERC-20 supporting applications. The platform also offers a feature of loans secured by NFT collateral.
Launchpad
On the launchpad, users can purchase real estate NFTs before they appear on the secondary market, at a 5% discount.
Mortgage platform
The mortgage platform enables users to lend and borrow funds, backed by their NFT holdings. The platform is decentralized, with no intermediaries or hidden fees.
DAO
Metropoly's NFT holders become participants in a decentralized autonomous organization (DAO), giving them a say in decision-making. They can suggest proposals, such as selling real estate, raising rental rates, and more.
The project’s ecosystem. Source— White Paper Metropoly
Metropoly charges buyers an annual fee of 1%, deducted from their promissory note. Additionally, there is a 1.5% fee for selling NFTs on the platform. If Metropoly sells real estate above market value, they charge an additional 25% profit.
Advantages of Metropoly
Compared to the traditional real estate market, which is expensive, illiquid, and slow, Metropoly's services are more attractive.
The platform offers a straightforward and speedy process for buying and selling NFTs, eliminating the need to deal with banks, documents, or hidden fees.
Investors can make fractional purchases of real estate with a small budget, and sell their NFTs quickly without waiting. The most attractive feature is the monthly rental income from the purchased property.
Furthermore, real estate NFTs are likely to appreciate in value, protecting against inflation as their price is backed by real assets, which may become more valuable over time.
