DirtiCoin™ is a fungible cryptocurrency with the stability and value of the currency backed by the value of real estate

What is DirtiCoin?

DirtiCoin Animation of Blockchain

What Is DirtiCoin backed by?

DirtiCoin value is backed by the value of real estate and real estate related instruments (hereafter referred to as Real Estate or Dirt) held by the Company. Although at startup the asset ratio of DirtiCoin to real estate will be low, the Company will move quickly to achieve its target ratio of 65% (+/- 15%). In other words, the value of real estate assets held by the Company will meet or exceed 65% of the value of all issued DirtiCoin with an acceptable variance range from 50% to 80%.

How we guarantee the future of your Cryptocurrency?

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Safety from Volatility

The highly localized and fragmented valuation of real estate is a systemic insulator against widespread volatility. The real estate purchased to back the value of DirtiCoin will be purchased in multiple markets across the USA.

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Stability against Inflation

Because DirtiCoin is backed by the value of real estate it has an innate tendency to be a deflationary currency, meaning that the buying power of each DirtiCoin tends to increase at a rate that is faster than inflation. 

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Controlled Supply

DirtiCoin supply is controlled by the coin holders (DirtiCoinDAO): Subsequent minting authorizations or Coin Cap changes require majority vote from DirtiCoinDAO

Key DirtiCoin Facts

Dirticoin Key Facts and Info
$1.4B

Market Cap

65%|35%

Real Estate v.s. Liquid Assets

1.5B

Initial coin release

$97.67

USD Value

Based on 1 DirtiCoin

Problems you avoid using DirtiCoin

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Liquidity

As noted elsewhere in this paper, real estate is largely an illiquid investment. To liquidate real estate investments costs time and money. In contrast, liquidating an investment in DirtiCoin will be done as quickly as the chosen currency exchange permits. If done through a digital exchange it will be nearly instantaneous. If done through the Company, at most, it will take no more than three business days 

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Transferability

Many companies have recently begun touting the transferability of real estate investments in the form of “tokenized” real estate. Tokenization uses blockchain technology to better enable fractional ownership of real estate. Unfortunately, the tokenization of real estate does not resolve the lack of transferability that arises because of the unique value proposition associated with each individual real estate investment.

In contrast with nearly every other real-estate related investment, DirtiCoin is entirely fungible. One DirtiCoin is worth the exact same as every other DirtiCoin. Buyers are totally insulated from the direct ownership of real estate. The problems of transferability arising from real estate are eliminated. DirtiCoin can be easily transferred directly into BTC, ETH, USD, or some other liquid asset.

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Tax Consequences

While buying DirtiCoin is not free of tax consequences, buyers of DirtiCoin are incurring a relatively simple tax compliance situation. They need to track how much the DirtiCoin cost when they bought (cost basis) it and how much it was worth when they sold it. These are the same tax consequences they currently experience with any currency exchange (e.g., FOREX), or stock exchange (e.g., NYSE).

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Regulatory Burdens

Real estate syndication and real estate investment trusts (REITs) are two common ways that many people band together to directly invest in real estate. However, real estate syndications have many regulatory requirements which often prohibit who can invest. REITs carry many regulatory burdens which often drive down the returns and are more complicated than many stock purchases and are definitely more complicated than currency exchanges. 

 

Problems you avoid with dirticoin