Own token

Introduction

This is a security token and governance token that is used to invest in the gypsy real-estate. This token’s value is backed by a treasury which is holding both crypto and tokenized real estate assets. This token has both extrinsic and intrinsic value. The intrinsic value is derived from the underlying real estate while the extrinsic value is based on the speculation of future price for the underlying assets as well as supply and demand.

Own Backing

Own backing is calculated by summing up all the value of the properties that Gypsy owns excluding stable coins. We do this to ensure that we do not include stable coins in the calculation. This is so that if the token price starts to fall lower than backing we have a 25% leeway of our total treasury value to initiate buybacks and burns.

Own inflation from new properties

When there is a new property added to the Gypsy network, we generate new tokens to match the value of the properties. If we buy a property worth $1M and the current backing price is $100,000 then we add 10 new tokens and distribute it evenly to all token holders.

Own inflation from new properties

When renters pay rent, new Own is created to pay the renter, Dao, and Own holders.

Mortgage backed securities and how is Own similar?

A mortgage-backed security is a type of asset-backed security which is secured by a mortgage or collection of mortgages. The mortgages are aggregated and sold to a group of individuals that securitizes, or packages, the loans together into a security that investors can buy.