HouseBit is about to launch its first tokenized property and chose to be powered by Polygon PoS Chain. As a popular chain with low fees, Polygon is an excellent environment to allow and support the scalability, costs, and security needed for the project.
The first property will be launched around April, and the tokens will be minted and promoted through Uniswap liquidity pools, which Polygon already integrates with. The mature ecosystem Polygon has built another bonus and reason why HouseBit has opted to launch their product on Polygon first.
The decentralized App on Polygon
Polygon experienced rapid growth in 2021, not only in terms of users but also by building an entire ecosystem of services and features, providing more strength for Housebit to be made within the network.
The tokens promoted in the liquidity pools will allow people to swap HouseBit ownership tokens with MATIC, WETH, WBTC, USDC, DAI, USDT, and other tokens listed on Uniswap List.
HouseBit aims to decentralize buying and selling real estate by tokenizing it. To guarantee affordable tokens price, we need to ensure fast and low-cost transactions — this is where it comes in Polygon as an efficient, robust, and safe ecosystem.
First tokenized property
For the first tokenized property, HouseBit has a well-structured timeline: closing property, mint tokens, marketing announcement, product launch, and token swap. We are focusing on finalizing our product’s first version along with the bureaucratic part of the first transaction.
What’s next with Polygon
Proving the product thesis is HouseBit’s main focus. It’s too early to talk about future plans, but the next steps are to expand the number of properties available and prove their tokens’ liquidity. After that, they aim to make the most of other DeFi solutions within the Polygon ecosystem.
About Polygon
Polygon is the leading platform for Ethereum scaling and infrastructure development. Its growing suite of products offers developers easy access to all major scaling and infrastructure solutions: L2 solutions (ZK Rollups and Optimistic Rollups), sidechains, hybrid solutions, stand-alone and enterprise chains, data availability solutions, and more. Polygon’s scaling solutions have seen widespread adoption with 3000+ applications hosted, 1B+ total transactions processed, ~100M+ unique user addresses, and $5B+ in assets secured.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp. Get started here.
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About HouseBit
HouseBit’s mission starts with a big challenge — the real estate industry and its legacy system. It is possible to buy just about anything online, but why not buy real estate? With a solid regulatory framework and developing an entire cryptographically-secure ecosystem for real estate tokenization, HouseBit will allow users to invest, own, and occupy real estate quickly and inexpensively, providing a high level of ongoing liquidity.
