$2.2 Billion in Commercial Real Estate tokenized by RedSwan using Polymath
Let the stampede begin.
https://www.coindesk.com/startup-tokenizes-2-2b-in-commercial-real-estate-through-polymath
Posted Feb 27, 2020, 3:56 PM UTC
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RedSwan is selling 1,034 mid-rise and high-rise apartments, in Texas, New York and California. A 150 acre hemp production farm in the Canadian province of Ontario is also up for grabs.
Tokenized using Polymath 🚀
https://decrypt.co/19980/a-hemp-farm-is-being-put-on-the-blockchain-as-part-of-2-billion-deal
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In what way is the POLY token involved in this?
Read the title.
The $2.2B in Real Estate is tokenized on Polymath as ST20 tokens, not the POLY token you can buy on exchanges which is ERC20. To buy the tokenized Real Estate you have to be an accredited investor.
What is the point of the poly token then?
2 pump
My question exactly
Does it matter, it shows its being adopted.
You obviously don’t understand that a token that gets pumped on news about adoption, but doesn’t have true utility itself in the protocol is a bad long term investment