FAQ
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How does the project generate income?
The project is connected with multiple developers and projects around North America. Participant deposits will be used to help fund pre-construction and construction costs while being rewarded with interest withdrawals payed by the applicable funded real estate developer.
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Do I have to KYC?
You must submit a government ID along with a matching legal name on the Deposit Address Request form. This is not an official KYC, but we would like to understand who we are working with. Without a government ID your request will not be processed.
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Why Cold Wallets over Smart Contracts?
Defi and Crypto have been vulnerable to many hacks over the course of the past 24 months. We wrote a smart contract and even enlisted a developer to manage it but there were still too many loopholes that had potential to be breached and in the interest of keeping everyone’s funds safe, we chose cold wallets.
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1% a month?
The target annualized rate is 12%. Our team works with many different projects and each of them has a different rate of return. The goal of the project is to offer an additional withdrawal that will be paid as a bonus after an 84 month period to all participants who commit to a 3 year term.
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How does the project make money? Are there additional fees?
The project makes money when we secure funding with our developers. Additionally, we charge a 1.5%-2.5% fee on all deposits based on the term length of the deposit (these also help sustain the admin side of the project). There are no withdrawal fees and the entirety of your deposit (minus deposit fees) will be sent back to your wallet upon the completion of the agreed to term.
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Why Polygon and USDC?
Buying and selling crypto is a taxable event. Our project is a flow through entity and in the interest of stability, deposits in USDC allow for consistency. We use Polygon because of its speed and low gas fees.