What is SQUAREX Token?

The SQEX Token is an important part of SQUAREX Ecosystem, which makes the purchase of real estate convenient for buyers and increases the liquidity of square meter itself which is important for backers. The combination of liquidity of square meters with the best price offer on the market and maximum quality makes real estate in the ecosystem attractive. The availability of smart mortgage mechanisms and leasing of square meters makes this property accessible to everyone.

In concrete terms, SQEX token is a single payment instrument in the Ecosystem and might become in fact, an analogue of ETH for the development and real estate market. It can be used for:

• Payment of the cost of placing a request for Initial Square Offer (ISO), including the cost of due diligence of the request, and the cost of digitizing the construction project (creating a smart construction contract);
• Purchase of square meters of projects in the course of ISO on Square Exchange.
• Payment of the part of the mortgage and leasing;
• Participation in the auction of constructors and auditors (in order to participate in construction and related works, it is necessary to block the package of SQEX tokens);
• Payment of penalties for poor quality audit and poor performance of construction works.

Speaking in more mere language, possessing an SQEX token is advantageous for any participant of real estate market. Let’s see what opportunities SQEX provides:

If you are a buyer — to purchase real estate of the highest quality, at the best price, anywhere in the world, without physical presence, with one click of a computer mouse. It will be possible to create savings in square meters, receive square meters in the mortgage and leasing, and sell square meters and mortgage contracts on the stock exchange at any time to;

If you are a backer — to purchase the architectural concepts with maximum security of SQEX cryptocurrency, to participate in the control of spending your assets, to see the construction process in ZD-models, to make a profit in the sale of marketable square meters or in case of their lease or loan;

If you are a developer or owner of land — to upload your project to the SQUAREX platform and get tokenized square meters in the high-quality and affordable facility, which can be profitable to sell or rent. At the same time, without the need to waste time on the control of participants in the construction process, a decentralized construction program based on smart contracts, and members of the SQUAREX ecosystem who use it, will build an object for you;

If you just have a taste and understand the architecture — to upload your project to the ecosystem on the platform, and as a result depending on your vision, you can receive ready building and square meters in property;

If you are not a professional in the construction market — to be involved in the creation of the highest quality buildings in the world;

If you are a constructor — to have an access the base of construction work orders with confidence that the work will be paid. Write-offs are controlled by a decentralized construction smart program that has no benefit of delaying the payment of your work.

All in all, SQUAREX tokenization system is a modern form of “building for justice” concept, in terms of construction. This model has historically proven its effectiveness, which will be a topic of our next post. Stay tuned and join our Telegram group for more posts coming!