Paraiso launches a tokenized rental portfolio

United States: Rental and sales agency Paraiso Real Estate has launched its own token for its upcoming vacation rental portfolio.

Paraiso Real Estate offers private rentals with hotel amenities. Each property will be designed, managed and operated by the team, offering 24/7 concierge services.

The group recently launched on Unicrypt and its Paraiso Real Estate Token (PRET) went public on PancakeSwap. Plans are also in place to list on CoinGecko and CoinMarketCap.

Token holders and investors get exclusive access to units in the Paraiso Wallet. Users will be able to book, stay and live in these properties using the READY token.

Paraiso aims to operate entirely without a bank, using its native token lending and DeFi services instead.

According to a white paper, Paraiso aims to develop a booking platform, operate a total of 10 properties and expand its rental platform by the end of the year.

By 2023, the company aims to launch an app, a branded hotel, and grow its total portfolio to 50.

Eric Klein, Founder, said, “We are mobilizing the hospitality industry. Whether it’s a villa, condo or penthouse, customers can expect consistent hospitality across the platform. Our vision is to offer premium rentals with units all over the world and customers have access to these properties through our token.

Maria Claudia, COO, said: “We didn’t do any marketing. It shows that people are ready for a product like this. This is the way of the future. We plan to have over 60 properties by the end of 2022 and a membership base of over 1,000 token holders.

Further information about Paraiso Real Estate can be found here.

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