New BCREX Token Founded on Real Estate Assets

CARMEL, Calif. - May 30, 2018 - PRLog -- BCREX, an acronym for Blockchain Real Estate Exchange, is a new cryptocurrency token with a foundation of real estate and other hard assets.

BCREX was established in October 2017 and has acquired over $16,000,000 in debt-free assets through exchanges.

One founder, Robert Steele, a prominent figure in the real estate exchange market, commented, "cryptocurrencies and real estate are a perfect match that creates an infinite number of exchange possibilities.  In particular, trading with BCREX opens a whole new world for real estate by using cryptos".

Lee Schwuchow, another founder, is the technology developer of BCREX.  He was previously trained in various technologies in the military and FAA.

Schwuchow explained, "BCREX is uniquely designed primarily as a real estate asset product coin with limited issuance that is traded on the decentralized BitShares 2.0 Exchange that offers two-second transactions and product fractionalization".

From its initial price of 20┬ó six months ago, BCREX is now trading at $2.52 and is purchased through BitShares (BTS).  Using a conservative 2:1 Price to Asset Ratio, the current market value of BCREX ON 5/30/18 is $1.09.

Is there an ICO in BCREX's future? "We are self-funded and debt-free, so an ICO is unlikely, but if ever desired by its future governance of staked ownership, it would be launched only after the cement in the foundation of the BCREX coin becomes fully cured and has set as hard as stone."

The BCREX White Paper (password: view) is available at

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Tags:Cryptocurrency, Blockchain, Realestate
Location:Carmel - California - United States
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