Unprecedented Success Amid Bear Crypto Market: EstateX Sells Out $ESX Token Presales In A Matter Of Minutes And Raises Almost $3M In Funding

The ever-evolving world of technology has brought revolution to numerous industries. Although many of these revolutions showed tremendous potential, they often fizzled out seemingly faster than they appeared. Promises were made and never delivered from Theranos and Juicero to Quibi and Essential Products.

But among these failure stories,  a couple of success stories stand out—and EstateX is one of them.

Led by visionary disruptors and CEO Thomas Onel and COO Bart de Bruijn, EstateX has set out to bridge the gap between the dynamic world of cryptocurrencies and the traditionally rigid real estate sector. More importantly, to make real estate accessible to everyone, everywhere.

According to Bart de Bruijn, the goal was to allow people from all walks of life to participate in the real estate game, no matter their current income. An opportunity previously limited to institutional and private high-net-worth investors, i.e., those with deep pockets.

"Our platform allows anyone to acquire fractional ownership in a property, owning a portion directly related to the amount they invest," he says. "You can start with as little as $100. And unlike traditional real estate investments where you get paid at the end of the month, we leverage the power of blockchain to provide daily rental payments."

As part of its mission of democratizing real estate investment, EstateX is going to release an in-app feature called EstateX Pay. The app represents a leap forward in integrating blockchain technology with real estate, allowing users to spend their real estate with digital and physical payment cards. Further enhancing liquidity on inherently illiquid assets. 

Along with the app launch, EstateX also released their $ESX Token, a cryptocurrency that serves as the backbone of their platform. The initial launch of $ESX Token saw unprecedented success, with the entire supply selling out in just minutes -- the unheard level of success with the crypto market being almost at an all-time low.

"We have successfully completed several presale rounds, resulting in an impressive $2.5 million in funding raised for EstateX," says de Bruijn. "The first batch of tokens sold out in under two minutes is for general use. The second round was something we called the Golden Stake Funding round."

During the Golden Stake Funding round, investors could purchase tokens representing the company's stocks. These tokens could then be locked up for any duration within a maximum limit of 20 years, allowing investors to earn an interest return and generate a passive income from their investment.

On top of the second round selling out in minutes, 50 percent of the participants chose to stake for the maximum period. This long-term commitment from hundreds of investors is another virtually unheard-of event in the crypto world, where seven years is considered a golden standard.

This level of trust from investors has not only bolstered EstateX's position in the market but also made it the number one Staked ICO of 2023. It showcases the strength of the project and the faith investors have in the long-term viability and success of the company.

Looking ahead, the future for EstateX feels brighter than ever. Their strategy of tokenizing real estate assets has democratized access to this lucrative sector and provided a level of liquidity that allows for a more inclusive, equitable, and prosperous world for everyone.

Thanks to their vision of integrating the dynamic world of cryptocurrencies with the once-rigid real estate sector, they set the foundation for anyone to build a property portfolio that potentially earns them a regular passive income starting with as little as $100.

Moreover, by allowing investors to receive daily rental payments through blockchain technology, EstateX has enabled individuals to start earning money almost instantly from their investments.

Beyond making real estate investment accessible and profitable, EstateX is also committed to educating individuals about financial systems and investment strategies. They aim to empower individuals to create portfolios that suit their budgets and teach them how to leverage their investments wisely and responsibly.

Thomas Onel says, "A real need and innovative solutions drive our ambition. We're not just using technology for its sake but leveraging it to bring about genuine change. We aim to provide access and education to bridge the gap between the unattainable and the achievable. And together, I'm positive we can build a more inclusive world for everyone."

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. The information contained above is provided for informational and educational purposes only, and nothing contained herein should be construed as investment advice. Benzinga does not make any recommendation to buy or sell any security or any representation about the financial condition of any company. Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.