Could A Token backed by Real Estate Change the World?
While most crowd funding campaigns are merely ideas and start ups, the Praetorian Group’s Token is backed by real estate using an ERC20 PAX Token smart contract on the Ethereum blockchain. The world has never seen anything like this. The Praetorian Group's PAX token is a totally unique cryptocurrency because it is backed by real assets. PAX will be cryptocurrency's first sound money cryptocurrency.
The Praetorian Group chose real property to lay the foundation for its token's value because like gold it garners appreciation value but unlike gold holders will also enjoy participation in the net profits generated by the rents collected from tenants in Praetorian owned properties. The foundation of real estate coupled with our merchant services project in Phase 2 will bring real returns to token holders for many years to come. As tenants in NYC pay rent with this amazing currency, they actually are paying down on the property itself, become a partial owner in the property for the first time ever.
Ever since President Richard Nixon took America off the Gold Standard in 1971, people worldwide have been looking for an asset that is secured by real value. The Praetorian Group's mission from the outset had been to create a sound money cryptocurrency that will ensure protection of value and allow for appreciation of a holders value secured by the PAX Token.
Could the Pax Token be the currency that changes it all? A currency that finally opens the eyes of the general public and gets everyone on board? The Token pre-sale will run from November 1 2017 until November 15th 2017. The ICO will run from December 1st until December 15th 2017. At this time, Praetorian real estate experts are identifying hundreds of potential properties in the New York area. As the date arrives for our crowd funding campaign to close, Praetorian will begin making offers on these properties so we are able to close very quickly. Our hope is to slowly and carefully purchase 5 to 7 properties per month which will be posted on this website with full transparency. In addition, Praetorian will invest in the areas to help the respective community to help better the lives of residents, showing the world the power of crypotocurrency and how it can bring a positive and direct change to those most in need.
Praetorian is a two-phase business model that will utilize a number of blockchain opportunities as the company grows through its projected milestones. Praetorian's mandate is to bring cryptocurrency and blockchain technology to the masses for an understanding, cooperation and integration into the daily lives of individuals around the world who normally would never have access to the amazing benefits of blockchain technology or to own a piece of New York real estate; all of this while maintaining transparency and integrity.
Imagine bridging two major industries, real estate and the blockchain with the power of the internet to create the first ever decentralized company, independent of government and politics with the result being a capitalistic compassion to the people and projects we invest in. The Praetorian Group is the first ever Crowd Funding Token Sale backed by real and tangible assets. While most crowd funding campaigns are merely ideas and start ups, the Praetorian Group’s Token is backed by real estate using an ERC20 PAX Token smart contract on the Ethereum blockchain.