Prime-Ex Perpetual is a Panama-based real estate company which is building a revolutionary real estate ecosystem by tapping blockchain’s true potential.
Prime-Ex Perpetual proposes to disrupt the real estate sector by simplifying the way homebuilding, home buying and home financing can be executed. It introduces PEX as a blockchain asset to settle real-estate transactions within the synergistic system, as well as to reward PEX holders with dividends.
The proposal arrives in wake of the real estate industry’s contemporary limitations in offering solutions for peripatetic customers. The traditional real estate solutions are an unfair and poor fit for people whose work allow them to be mobile. This lot is either self-employed or retirees with nomadic tendencies, both of which make up the primary target market for Prime-Ex Perpetual’s initial proof of concept.
To further the benefits, Prime-Ex Perpetual offers a unique financing system that turns away from traditional financing terms completely, and picks a guaranteed buyback program instead. This program, as explained in the whitepaper, “effectively cuts out the risk that time holds over the borrower’s head.”
The Prim-Ex Perpetual system allows customers to receive home financing without needing to provide income or credit score proofs. The system instead rely on asset verification, meaning customers will only be required to prove that they have 24 months of mortgage payments in liquid assets after their down payment.
In the imminent phase, Prime-Ex Perpetual uses blockchain to manage the in-house finance of its real estate system. It is made possible with an institutionalized token, called PEX-Token. The platform will initially use PEX-Token as a means to raise funds for its development. In return, the buyers of PEX tokens will receive 80% of the real estate profits in the form of annual dividend distributions.
The pre-crowdsale round of PEX-token will begin on September 18, 2017.
Prime-Ex Perpetual is founded by Ulrich Schwark and John Gilbert.