GromaCoin

The Real Estate Coin

After a long time in “semi stealth”, Groma is now in pre-launch mode. To reflect this, our homepage and whitepaper now tell the story of GromaCoin, the real estate coin for the world, backed by the world. It’s a cleaner, more focused version of the Groma vision, building on all of the parts of it we’ve talked about in the past–the small multifamily asset class, the performance improvements enabled by Grobot and by our iteratively improving operational model, and all of the legal and financial work that’s been done to enable us to bring GromaCoin to the general public–but with the focus now squarely on the value proposition of bringing institutional-grade real estate on chain.

The homepage tells the most condensed version of this story we’ve shared so far, highlighting GromaCoin’s uniqueness in the current on-chain environment. The past month has demonstrated more than ever the value of having a stable on-chain store of value, but stablecoin yield is going down (and is threatened by policy changes), and people are looking for a more compelling return profile. As a compliant and performant real estate token, GromaCoin provides this better than any existing options.

In addition to bringing real estate’s desirable attributes to blockchain, GromaCoin attaches blockchain’s best characteristics to real estate. GromaCoin holders will soon be able to lend or borrow against their GromaCoin in ways that have been inaccessible to most retail investors, creating extra yield or spending power. I’ll share more on this in the coming weeks as we hammer out the details, but we expect it to be a game changer.

And for a deeper dive than what’s on the homepage, the whitepaper provides a 3000-word (pretty short by our standards) account of where we are today and where we’re going in the next year. While there are some nods to our long-term vision, it’s a much more tactical, near-term-oriented paper than the previous versions (remember v1?).

We’re now almost entering open beta, so thoughts and feedback welcome.