HomeCoin: A Crypto Super App Simplifying the DeFi Experience

HomeCoin Project Introduction: Connecting the Future of Blockchain and Real Estate?

Hello friends! Today, let’s talk about a blockchain project that sounds very “homely”—HomeCoin (abbreviated as HOME). But before we dive in, let me give you a heads-up: in the crypto world, there are plenty of projects with similar names, and HomeCoin may refer to several different projects. Today, we’ll mainly discuss the HomeCoin that aims to combine real estate and blockchain technology, hoping to use digital means to make it easier for everyone to participate in real estate investment and transactions.

Imagine if buying and selling houses could be as simple and transparent as online shopping—what would that look like? HomeCoin is working towards this vision.

What is HomeCoin

Simply put, HomeCoin is a cryptocurrency project whose core goal is to use blockchain technology to make real estate market transactions smoother and more transparent.

You can think of it as a “digital real estate pass” or a “digital certificate for real estate investment.” It runs on a decentralized blockchain network (such as the Ethereum blockchain,
Blockchain: A decentralized distributed ledger technology where all transaction records are public, transparent, and immutable, like a ledger maintained by everyone that cannot be arbitrarily altered.), aiming to simplify real estate payment processes and improve the convenience of participating in real estate investment and ownership.

More specifically, HomeCoin hopes to tokenize real-world assets (such as US home mortgages,
Real-World Assets (RWA): Assets that exist in the real world and have actual value, such as real estate, bonds, artwork, etc., digitized and tokenized through blockchain technology.) and connect traditional real estate finance with decentralized finance (DeFi,
Decentralized Finance (DeFi): A financial services ecosystem built on blockchain technology that does not rely on traditional banks or intermediaries, allowing users to directly engage in lending, trading, and other financial activities.), giving HomeCoin holders the opportunity to earn returns.

Project Vision and Value Proposition

HomeCoin’s vision is to fundamentally change the way we interact with real estate, making the entire industry more efficient and trustworthy. They hope to use blockchain technology to build a transparent, efficient, and impactful real estate investment ecosystem.

The core problem it wants to solve is the various cumbersome and inefficient aspects of traditional real estate transactions. For example, buying and selling property usually involves a lot of paperwork, intermediary fees, and long waiting times. HomeCoin hopes to digitize these processes, reduce intermediaries, lower transaction costs, and increase transparency.

In addition, some HomeCoin-related projects pay special attention to affordable housing, hoping to provide investors with a direct way to fund affordable housing projects and help address the global housing crisis.

Unlike traditional currencies or purely speculative cryptocurrencies, HomeCoin’s uniqueness lies in its focus on real estate transactions and its attempt to reward users who participate in the real estate ecosystem through its tokenomics model.

Technical Features

The technical foundation of HomeCoin is blockchain, which gives it transparency and security.

• Blockchain Foundation: The version of HomeCoin we’re discussing mainly runs on the Ethereum blockchain, which means it inherits the security of the Ethereum network. (It’s worth noting that there are also other projects named Home Coin running on Binance Smart Chain (BSC), using the Proof of Staked Authority (PoSA) consensus mechanism,
  Consensus Mechanism: The rules and algorithms by which all participants in a blockchain network agree on the validity and order of transactions, ensuring data consistency and security. But today we’re focusing on the HomeCoin more closely related to real estate tokenization.)
• Real Asset Collateral: A key technical feature of HomeCoin is that each HomeCoin token may be backed by a share of real-world home mortgage loans. This is like giving digital currency a “physical gold” endorsement, increasing its value stability.
• On-chain Transparency: Relevant loan information will be registered on the blockchain and can be publicly queried, meaning everyone can see the status of these assets, greatly increasing transparency.
• Decentralized Governance (DAO): The HomeCoin project plans to adopt a Decentralized Autonomous Organization (DAO) model for governance,
  Decentralized Autonomous Organization (DAO): An organization run by smart contracts, whose rules and decisions are jointly determined by community members through voting, rather than controlled by a centralized institution. This means HomeCoin holders can participate in major project decisions through on-chain voting, such as protocol upgrades and fund allocation.
• Security Audits: To protect users’ assets and data, the HomeCoin platform will conduct regular security audits and use advanced encryption technology.

Tokenomics

HomeCoin’s tokenomics are designed to support its real estate ecosystem and provide value to token holders.

• Token Symbol: HOME
• Issuing Chain: Mainly circulates on the Ethereum blockchain.
• Total Supply and Issuance Mechanism: Information on HomeCoin’s total supply is somewhat inconsistent. Some sources mention a total supply of 1 billion tokens, mainly for affordable housing projects. On CoinMarketCap, HomeCoin’s self-reported circulating supply is about 6.91 million, but the total supply is shown as 0, which may reflect differences between projects or data statistics. Another Home Coin project on BSC has an initial total supply as high as 1 quadrillion (1 quad), with 30% burned and 5% for marketing and charity. Given these differences, it’s recommended to carefully verify specific project information during research.
• Inflation/Burn Mechanism: To maintain token value, HomeCoin introduces a burn mechanism. A portion of transaction fees will be used to burn tokens, reducing the total supply in the market and creating a deflationary effect. Similar projects like HomeToken even mention burning 1% of tokens after each real estate transaction and using sales and rental income to buy back HOME tokens.
• Token Utility:
  • Real Estate Transaction Medium: HomeCoin can be used to buy, sell, and invest in real estate.
  • Investing in Affordable Housing: Serves as a direct tool for investing in affordable housing projects.
  • Yield Distribution: Investors holding HomeCoin have the opportunity to receive regular returns from mortgage repayments, such as an annualized yield of around 1%.
  • Payments within the Ecosystem: Within the HomeCoin ecosystem, it can also be used to pay for property leasing, purchases, maintenance fees, and may even be used in cooperation with local governments for paying property taxes or receiving subsidies.
  • Governance Voting Rights: By holding HomeCoin tokens, you can participate in decentralized project governance, vote on important proposals, and influence the project’s direction.
  • Staking Rewards: Some similar projects also offer staking functions, allowing users to earn passive income by locking up tokens.
• Token Allocation and Unlocking: For a specific HomeCoin project (Fresh Housing Solutions LTD), its ICO (Initial Coin Offering) allocation plan is: 50% for ICO, 20% for project development and maintenance, 15% for community incentives, 10% for strategic partnerships, and 5% for the founding team and advisors. But this may not apply to all projects named HomeCoin.

Team, Governance, and Funding

Regarding HomeCoin’s team information, specifics vary due to the existence of multiple projects with the same name.

• Core Members and Team Characteristics:
  • The general description is that HomeCoin is developed by a team passionate about real estate and blockchain.
  • One HomeCoin project (Fresh Housing Solutions LTD) focuses on affordable housing.
  • Another project called “$HOME Token” is backed by the “Big Bang Studio” foundation, established under Cayman Islands law.
  • There is also a Home Coin project on BSC, which mentions three co-founders/developers: Manor Abu, Josh Lerman, and Alan Kachar.
• Governance Mechanism: The HomeCoin project emphasizes decentralized governance, operating in the form of a DAO. Token holders can participate in governance through on-chain voting mechanisms, voting on proposals such as protocol upgrades, fund allocation, and parameter adjustments. Voting power is usually proportional to the number of tokens held.
• Treasury and Funding: Although there is no detailed information on a specific “treasury” or “runway,” the token allocation shows that a portion of funds is dedicated to project development and maintenance (20%) and strategic partnerships (10%), providing financial support for ongoing operations.

Roadmap

Currently, specific roadmap information for the HomeCoin project is relatively limited in public sources, especially for the real estate tokenization project we are mainly discussing today.

• Some sources mention that this type of asset (referring to HomeCoin-type RWA tokens) is relatively new, launched around 2023 to 2025.
• Although some whitepapers mention a roadmap section, the specific content is not detailed in the search results.
• For blockchain projects, a roadmap usually includes technical development milestones, ecosystem building, partnerships, and market expansion plans. Due to the lack of a unified official whitepaper, we cannot provide a clear timeline.

Common Risk Reminders

Investing in any cryptocurrency project comes with risks, and HomeCoin is no exception. Here are some common risks to be aware of:

• Technical and Security Risks:
  • Smart Contract Vulnerabilities: Blockchain projects rely on smart contracts, and if the contract code has vulnerabilities, it may lead to asset loss.
  • Blockchain Network Risks: If HomeCoin runs on public chains like Ethereum, security issues faced by the chain (such as network congestion and high gas fees) may also affect the HomeCoin user experience.
  • Cryptographic Technology Risks: Although the project claims to use advanced encryption technology, no technology can guarantee 100% absolute security.
• Economic Risks:
  • Market Volatility: Even tokens claimed to be backed by real assets cannot be completely immune to overall crypto market volatility.
  • Liquidity Risk: For some emerging asset-backed tokens, market liquidity may be insufficient, meaning it may be difficult to buy or sell quickly when needed.
  • Uncertain Returns: Although the project promises returns, these may be affected by real estate market performance, mortgage default rates, and other factors, and are not entirely risk-free.
• Compliance and Operational Risks:
  • Regulatory Uncertainty: Real estate tokenization is a relatively new field, and regulatory policies worldwide are still unclear and constantly changing. Federal and local tax and regulatory requirements may hinder project development.
  • Legal Rights Limitations: One whitepaper explicitly states that $HOME Token does not grant holders any legal rights, claims, or interests in Big Bang Studio or any affiliates. Its main function is to facilitate decentralized governance. This means token holders may not enjoy the rights of traditional asset owners at the legal level.
  • Project Execution Risk: Whether the project team can execute the roadmap as planned and overcome technical and market challenges is also an important risk.

Verification Checklist

When considering any crypto project, doing your own research (DYOR,
Do Your Own Research (DYOR): Before investing, investors conduct comprehensive and in-depth research and analysis of the project themselves, rather than blindly following others’ advice.) is crucial. Here are some aspects you can verify yourself:

• Block Explorer Contract Address: Look up HomeCoin’s official contract address on Ethereum (or other chains), and use a block explorer (such as Etherscan) to check token circulation, holder distribution, and transaction history.
• GitHub Activity: If the project is open source, check its GitHub repository activity to understand code update frequency and developer community participation.
• Official Website and Whitepaper: Visit the project’s official website (such as `myhomecoin.org` or `blog.defi.app`), carefully read the latest whitepaper and related documents to understand detailed information, technical architecture, and future plans.
• Community Activity: Follow HomeCoin’s activity on Twitter, Telegram, Discord, and other social media and community platforms to understand the community atmosphere and project progress.
• Audit Reports: Check whether the project has undergone third-party security audits and carefully read the audit reports to assess the security of its smart contracts.

Project Summary

As an innovative project aiming to connect blockchain and real estate, HomeCoin paints an exciting vision for the future: a more transparent, efficient, and accessible real estate market. It attempts to provide investors with a new investment channel that may offer stable returns by tokenizing real-world assets (such as home mortgages), and gives token holders the right to participate in project governance.

However, we must also clearly recognize that this field is still in its early stages, facing multiple risks such as technical challenges, market volatility, and regulatory uncertainty. In addition, due to the existence of multiple similarly named projects, be sure to carefully distinguish and ensure you are focusing on the same project during research.

In summary, HomeCoin represents an interesting direction for the application of blockchain technology in traditional industries. For those interested in the intersection of real estate and cryptocurrency, it offers a case worth watching. But remember, this is by no means investment advice—be sure to conduct thorough personal research and risk assessment before making any decisions.