Is it a bitcoin?
No, it is not bitcoin. AcreageWay investing platform for instance deploys the same technology behind bitcoin, called blockchain. This is the only similarity between the two. Blockchain is used to digitalize the property and break it into small pieces, named tokens. In a token, you can add all the information towards ownership, issuer, value, and so on, such as paper security. That is the reason it’s called security tokens. These tokens are stored in a decentralized, transparent, and immutable network, with the top cybersecurity technology available. Let’s point out that some platforms will allow you to invest with bitcoin or any other type crypto, but the outcome will be the same as if you have used regular currency.
What's a security token, and how it is different from crypto (bitcoin)?
A security token is a digital representation of a real-world investment contract. It is fully compliant, legal and regulated, by bodies around the world and government agencies. Whereas, crypto is regulated only by code working with each other, so you won’t see any third party validate or facilitate the crypto transaction. This is the downside to cryptocurrency since once you are dealing with financial assets, you will be required to be compliant with financial regulations. With a security token, you can get the best of both two worlds, since it can be considered an intersection between the crypto world and the traditional finance world.
Do I need a wallet? What if I lose it?
Yes, you will need a wallet, but not a physical one. Once you create your profile on a real estate investing platform, you can request to create a wallet as well. The wallet is another layer of protection for you. It will also be allowed you to keep track of your investment, safely, on your screen. You can’t lose your wallet, because, for these purposes, there’s no physical wallet, only an online process. Although you will be required to keep some information saved; in case you lose your password, you will be requested to provide that information.
Do I need any special device to access a blockchain system?
That is a fair question. If you have heard about blockchain it can sound a little bit like a sci-fi plot. However, in real life, it is a backstage situation, which means, it looks exactly like any virtual application on your screen. So, no, you don’t need any special device or system to access blockchain applications.
How can I start to invest?
It’s very easy. You will need to create a profile on a digital real estate platform. KYC (know your client) question will be asked and a photo ID request, so the organization can define your investor profile, and also ensure you are you. At the same time, you will be asked to create your wallet. The platform will take a short period of time to validate the information you’ve provided and you will receive an email informing you that you’re good to go.
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