Here at Cyanstone Technology, we have an exciting announcement to make!
As you may know, in my previous blog posts I have mentioned Cryptocurrency quite a bit and I have hinted that it is a big part of our culture here at Cyanstone Technology. It is also something we are going to incorporate into our new application very soon...
But now it’s time for the announcement... drum roll please... we now have our own cryptocurrency: House Token (HoT).
House Token (HoT) is a Cryptocurrency based on the Ripple network, it is secure, stable and offers a great long-term investment. By using blockchain we can enable a safe and fast way to verify, exchange and hold your digital money. If you are unsure how blockchain works please see my previous blog post for a quick introduction.
The name House Token originated from Token Yard which is situated in central London. Tokenhouse Yard was built by Sir William Petty (during the reign of Charles I) on the site of a house and garden of the Earl of Arundel. This historic place was the centre of token exchange in 1636. At the time, there were no smaller denominations of coins than silver so this led to the creation of ‘tokens’, these tokens were personal and represented each individual. And from this, our digital currency ‘House Token’ was born. Much like the tokens used in the 1600s, we aim to combine the exemplary tradition of real estate investment with digital currency.
When you purchase House Token you are investing in long-term financial assets which in this case is property located in the heart of London. These properties are rented by top financial companies, lawyers etc. These companies have resided in these buildings for years and the rent from these companies enables the coin to stay at a steady rate of inflation and ensures the security of the coin.
So what are the advantages of a more stable coin such as House Token as opposed to a high-risk coin such as Bitcoin? Well, we know that the stability of House Token comes from the real estate investment that backs the coin which means the inflation will be steady. When you invest the currency will never drop below what you have put in. Our investment philosophy lies with the fact that in the last 10 years the rent-to-price ratio of commercial property around this area has never dropped below 4%. In other words, your investment is safe as ‘houses’.
Along with purchasing House Token, you can also earn coins in our new app that is currently in production! I give you more clues about our app nearer the release date.
In the meantime, if you want any more information on our new Cryptocurrency there will be more information on our new website, coming soon. For now, check out our Be.chat website to find out a bit more about our app.
For someone who is new to Cryptocurrency, this could be a great investment without the risk. It is turning real estate investment into digital currency, basically bringing into the 21st century and combating the future.
So why choose House Token?
Token house is the core of our House Token coin - this historical real estate is the backbone of House Token and provides a small part of the collateral for your investment.
The investment opportunity and the interest on House Token is much higher than banks. The blockchain technology makes it simple, safe and effective to store your tokens without the threat of Bankruptcy.
Our exchange site, BitQuin, allows you to safely store and buy your House Tokens. The site also allows you to buy other forms of Cryptocurrency and store them in your own wallet.
What do you think? Do you want more information and how to get your hands on them? If so keep a look out for more blog posts very soon!