A fixed supply ERC20 token,
built on the Ethereum network.
The ultimate success of any cryptocurrency is defined by its
community, and the success of the mission within that community. Yeadon Smith and I have started a community around multifamily real estate, and helping people close more multifamily deals. We named our community-My First Million In Multifamily, and this has grown into a mentoring program-The Deal Room. We originally created this token as a benefit and thank you to all the people who supported us, invested with us, and came under our mentorship.
This token will be given away, free of charge, at the discretion of the founders, with increasing levels of scarcity-”halvenings”. Recipients of this token should not expect any benefit from it, monetary gain, or other profit from it. We make no claims and you should have no expectations from this token.
A token that has a physical and tangible product for which can be redeemed becomes increasingly valuable and trades for multiples of its value. This concept is proven in the corporate world, real estate, and cryptocurrency.
Scarcity is a vital component of value, and the principle of money that is most often violated, both in fiat and cryptocurrencies. The scarcity of The DealToken make it a valuable crypto currency.
An ever inflating token with no use case or ability to create profits will ultimately lose interest with the market, and decline. Consistent and incremental increases in value will outstrip hype over time.
THE PURPOSE OF DEALTOKEN
In cryptocurrency, we see many creators violating the property of limited supply through inflation (printing more tokens). We see the success of tokens with a fixed supply (Bitcoin has 21,000,000 and no more) with increasing difficulty to get the token (the computing power required to mine another Bitcoin increases with time). We are implementing this strategy by instituting “halvenings” making it twice as difficult to obtain the DealToken every time half the remaining supply has been distributed.
In the cryptocurrency ecosystem, many coins are driven by hype and marketing. There is no substance, no product, no value.
Sustainable efforts must be driven by sustainable, redeemable value. Excitement fades as marketing efforts wane and human beings are drawn to the next “shiny object”. To truly create perpetual movement to scarcity and increasing value-eternally. A profitable product will continuously drive value and does not have to be sustained long term by “hype”.
Hype and marketing fail over time. This is an unsustainable path. An ever inflating token with no use case or ability to create profits will ultimately lose interest with the market, and decline. Consistent and incremental increases in value will outstrip hype over time.
DealToken will be redeemable in the MFMIM community for items of real, tangible value.
In the roadmap and development plan, the team plans to list the coin and make it able to be bought and sold. In this manner, DealToken holders will be able to swap and sell their tokens as they please.
THE USE CASES
How can we tackle these problems and create a token economy that will be useful, valuable, and scarce?
DealToken will be redeemable in a 1:1 fashion for Deal Room monthly fees. For example, if you redeem 35 tokens, you will receive $35 off your membership fee. This is capped at 10% for now, (ie Deal Room fee=$347, max redemption per month- 34.7 DealTokens) but may be increased in the future.
DealToken will be redeemable in a 1:1 fashion for Deal Room Gear. For example, if you redeem 35 tokens, you will receive $35 towards Deal Room gear, currently hats and shirts. This is capped at 1 gear item per Deal Room Member for now, but may be increased in the future.
DealToken will be redeemable in a 1:1 fashion for Deal Room Event fees. For example, if you redeem 600 tokens, you will receive $600 off your membership fee. This is capped at 20% for now, (ie Deal Room event fee=$3000, max redemption per
event- 600 DealTokens) but may be increased in the future. Further value may be assigned to the token and other redemption benefits added at the discretion of the founder.
DealToken is a non-inflationary, fixed supply token. No more can be created, and there can be no additional minted tokens for the purposes of inflation. The code is immutable (can not be changed), visible on the blockchain, and has no admin access to be able to adjust at a future date. DealToken is a finished token, and will remain in existence indefinitely.
THE SUPPLY OF DEALTOKEN
Fixed Total Supply-21 Million (21,000,000)
THE DISTRIBUTION OF DEAL TOKEN
All of the General Supply will be given away-not sold
50% (5,250,000) of the general supply of Deal Token will be given away at the following rate:
This will be distributed in a 1:1 manner. One DealToken per $1 invested
This will be distributed in a 1:10 manner. One DealToken per $10 lent
This will be distributed in a 1:1 manner. One DealToken per $1 paid to the Deal Room
This will be distributed in a 1:1 manner. One DealToken per $1 paid in event fees
This halvening will make the DealToken 2x as difficult to obtain and will continue in perpetuity.
The 10,500,000 general supply will never be fully exhausted, only harder and harder to obtain.
After 4 halvenings it will take $8 invested or spent to receive one token.
After 8 halvenings it will take $128 invested or spent to receive one token.
MEET THE TEAM
Jennings brings over fifteen years of residential and commercial construction experience to the team. He built his company, Reality Construction, at just nineteen years old while attending Clemson University. After fifteen years and over one hundred million dollars of custom home development, he sold his company to Alair Custom Homes and joined their staff as a regional manager until 2019. His years of project management experience has helped him build a substantial multifamily real estate portfolio, with the ability to identify value add opportunities.
Yeadon has been licensed in real estate since 2014, a boutique brokerage serving residential and commercial clients in real estate transactions. He is also the co-owner of Live Oak Rental Properties property management. Yeadon brings a systematic and analytical approach to property management. He has built a profitable multifamily portfolio by eradicating management inefficiencies, intelligent and consistent marketing, and a keen sense of business operations.
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
