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> While not stating exactly what the business purpose of Flow is, he dropped multiple hints about the issues it is trying to fix: “You can pay rent for decades
by nivertech 4y ago
> While not stating exactly what the business purpose of Flow is, he dropped multiple hints about the issues it is trying to fix: “You can pay rent for decades and still own zero equity — nothing,” he wrote.
I think Flow's long-term plan is to offer an alternative to mortgages, i.e. rent-to-own with increasing fractional ownership without actually taking out a loan. I think there is a similar startup in the UK.
Not sure why you need tokens here, they are only redundant for loyalty points.
The most naive idea is that the tenant receives tokens as a reward for each month of rent paid, and hopes that in the "crypto" bull market these tokens will rise in price so much that it will be possible to buy an apartment ;)
EDIT. The model that makes sense: the more reward tokens you accumulated the larger will be the discount if you'll decide to buy the apartment you are renting. If these tokens will be listed on the secondary markets their price will become linked to the residential real estate prices in the properties operated and owned by Flow.
- putsjoe 4y agoI honestly wonder if the tokens is just a play to make this a tech company. It makes me think of how they had some sort of WeWork OS project at WeWork and being a tech company rather than a real estate company can help increase valuation. I may be completely wrong on this ofcourse but just a theory.