Although cryptocurrencies have been around for over a decade, only recently have they made their way into the public eye. Today, cryptocurrency investment platforms are more accessible than ever. Buying, selling, or trading various assets using different cryptocurrencies is trending in Panama (as well as the rest of the world). It is believed that this is because the use of blockchain technology (that underpins the value of crypto) is being shown to be of value in many sectors and, as well as there being a great deal of publicity surrounding many new millionaires and billionaires who created significant net worth for themselves with those same cryptocurrencies. This new crypto generation is now looking for a way to use their tokens to ‘spread out’ their assets by purchasing signature residences and apartments, luxury villas, automobiles, diamonds, jewelry, etc. Thus, if you were wondering whether you could buy, sell, or trade Panama real estate using crypto – the answer is yes! If you plan on doing one of these three things with your tokens, keep on reading.
What is Cryptocurrency?
Namely, cryptocurrency, or just crypto, is a digital way of making payments and exchanging value. Just like traditional fiat money, crypto can be exchanged for various assets, goods and services. A key difference between crypto and traditional fiat money is that crypto is completely digital and not dependent on the traditional banking system, where traditional fiat money for the time being has a blend of paper money and digital money (for example: when you make a payment with your debit card, you are participating in a digital economy as just numbers in a ledger are moved from one account to another). Cryptocurrency started with Bitcoin and has since expanded to include many different types of currencies. For instance, besides Bitcoin, we also have Ether, and most recently, IDON.
What is IDON Cryptocurrency?
Our company has partnered with Idoneus – a Swiss-based, digital payment token that is used to buy, sell, or rent luxury assets, goods and services. These assets, goods and services are either available on the public or private Idoneus portfolio and/or at partner companies that acknowledge IDON as a means of payment. Individuals are also purchasing assets, goods and services that are not available on the Idoneus portfolios. Since IDON is a payment token, it can be used to purchase any item where buyer and seller mutually agree. As an example, IDON has been used by individuals to purchase luxury residences, diamonds, fine art, gold, luxury automobiles and more that were never available on either Idoneus’ public or private portfolios.
IDON uses an entirely new digital economy for all things luxury. People who possess it can buy or rent luxury assets such as real estate, vehicles, jewelry, etc. Moreover, they can also use it to pay for services or experiences they desire – which are often discounted this way!
How to Use Idoneus Tokens?
Instead of putting their luxury real estate on the market and waiting for buyers to make offers in traditional fiat currencies, which often takes an extended period of time in the current market conditions, sellers now have the potential to quickly receive full value for their property by either receiving 100% IDON tokens or in some cases a minority percent cash and balance in IDON.
Besides using this kind of cryptocurrency to buy, sell, or trade Panama real estate, one can also purchase fine art, gemstones, precious jewelry, yachts, aircraft, luxury automobiles, and other high-value assets. The marketplace is growing, with new assets added monthly. The value of the portfolio has more than doubled since the beginning of 2021 where there is currently more than $800M in assets, goods and services available on the portfolio, with that number expected to be well north of $1bn by the start of 2022. If you want to receive IDON tokens, you will have to set up an ERC-20 Wallet. You can download a virtual wallet on your computer or phone easily, and the Idoneus website contains excellent guidance on how to do just that. Panama has been a crypto friendly nation with new digital currency laws being passed.
The opportunity is clear. If you exchange your fiat money for IDON tokens, you can go on sites that work with Idoneus cryptocurrency (like ours!), and search for assets you want to buy or rent. You can even put your own asset on the previously mentioned marketplace and either sell it for tokens or trade it for something else. You can, for instance, sell your luxury residence for another property that suits your needs even better.
Finally, if you want to sell your luxury asset, there are two pathways where Idoneus can potentially assist. The first one is for the owners who wish to sell their assets immediately for full retail value in IDON. Idoneus at times may decide to purchase a luxury asset. I should note that at any moment it is likely that only 5% of the entire Idoneus portfolio is owned corporately. Idoneus completes all of the traditional due diligence, contracting, legal documentation that is completed during a traditional fiat cash transaction.
The second pathway allows you to sell your property throughout the Idoneus marketplace portfolio to other IDON token holders, and potentially receive a minority percent cash and the balance in IDON tokens.
Advantages of Using Idoneus Tokens
Idoneus understands that protecting the value of one’s assets is of crucial importance, regardless of whether that asset is physical or digital
Blockchain specialists working with Idoneus have created a smart contract that allows the IDON token holders to sell IDON privately for any price in which buyer and seller mutually agree. IDON can be listed and sold on approved exchanges for a value of $10.00 or more per token.