Paraiso launches tokenised rental portfolio

US: Rental and sales agency Paraiso Real Estate has launched its own token for its upcoming vacation rental portfolio. 

Paraiso Real Estate offers private rentals with hotel amenities. Each property will be designed, managed and operated by the team, providing 24/7 concierge services.

The group has recently launched on Unicrypt and its Paraiso Real Estate Token (PRET) has gone public on PancakeSwap. Plans are also in place to list on CoinGecko and CoinMarketCap.

Token holders and investors gain exclusive access to units within the Paraiso portfolio. Users will be able to book, stay and live within these properties using the PRET token.

Paraiso aims to operate entirely bankless, instead using its native token and DeFi lending services.

According to a whitepaper, Paraiso aims to develop a booking platform, operate a total of 10 properties, and expand its rental platform by the end of the year.

By 2023, the firm intends to launch an app, a branded hotel, and take its total portfolio count up to 50.

Eric Klein, founder, said: “We’re mobilising the hotel industry. Whether it’s a villa, condo or penthouse, guests can expect consistent hospitality across the platform. Our vision is to provide elevated rentals with units around the world and guests have access to these properties through our token.”

Maria Claudia, director of operations, said: “We’ve done zero marketing. That goes to show that people are ready for a product like this. It’s the way of the future. We expect to have over 60 properties by the end of 2022 and a membership base of over 1,000 token holders.”

Further information about Paraiso Real Estate can be found here.