New partnership: HYVE x TRL
It's been a while since our last partnership, but this time we are excited to bring in a truly innovative project - The Real Lifestyle (TRL). HYVE has always looked for projects that want to expand web3's applicability further, especially in traditional sectors.
As the world’s first end-to-end Real World Asset (RWA) ecosystem, TRL introduces a comprehensive ecosystem that combines property tokenization, decentralized finance (DeFi) features, and flexible housing solutions. With TRL's tools and our decentralized freelancing tools, we are paving the way for a more accessible, borderless, and efficient real estate industry.
The current RWA space often struggles with fragmented approaches to property tokenization, limiting opportunities for diversification and yield. Additionally, no existing solution seamlessly bridges the gap between renting and owning properties.
Let's dive into this partnership, discover more about TRL and how we're integrating their native token, $TRLCO.
Introducing TRL
TRL addresses the growing need for flexibility and accessibility in the real estate market, leveraging blockchain technology to tokenize entire property portfolios, and offering fractional ownership opportunities to investors. Unlike competitors in the market focusing on single-property tokenization, TRL’s approach amplifies yields through diversification while offering unparalleled liquidity through its integrated marketplace.
Bridging the gap between renting and owning, TRL introduces the world’s first home subscription service, allowing users to live in tokenized properties globally. Through this technology TRL addresses a real-world problem, creating a utility platform that not only simplifies living but provides benefits like rewards and access to premium services.
TRL’s ecosystem integrates essential DeFi features such as lending and borrowing, creating an all-encompassing platform for financial and property management. Users can stake the native token, $TRLCO, to earn rewards, pay rent, or access exclusive deals on the platform’s marketplace.
Key features of the platform
By integrating blockchain, TRL bridges the gap between consumer demands and traditional property management. Its ecosystem is packed with innovative features that redefine how we think about real estate investment, ownership, and lifestyle.
Let's explore some of them:
- tokenization as a service - by enabling real estate developers and agents to tokenize properties seamlessly, TRL transforms physical assets into blockchain-based tokens;
- fractional ownership - investors can own fractions of high-value properties with ease, democratizing access to real estate markets;
- home subscription service - allows users to rent tokenized properties across the world;
- rent-to-own - users can gradually transition from renting to owning their dream property;
TRL’s innovative approach has garnered significant recognition, including being named the Winner of the Venture Capital Community Pitch Competition and securing $150K in tech grants from SKALE and IOTA, underscoring its position as a leader in the RWA and blockchain space.
Dive into $TRLCO
$TRLCO is the native token of TRL, serving as a multi-functional asset that powers every aspect of the ecosystem. As the backbone of the platform, it enables every transaction, incentivizing user participation, and unlocking a wide range of utilities. Here's a detailed breakdown of how this token works:
- Staking for yields - Users can stake $TRLCO tokens to earn rewards from TRL’s rewards pool. Higher staking tiers unlock exclusive benefits, such as early access to newly tokenized property portfolios and priority in property launches, making staking a key component for long-term investors.
- Rent Payments - Tenants use $TRLCO to pay monthly rent within the TRL ecosystem;
- Rent Withdrawals - Retail investors can claim their rental income, but a 10% management fee is paid in $TRLCO;
- Marketplace fees - Users pay fees in $TRLCO to access features like DeFi lending, borrowing, and exclusive deals from TRL’s ecosystem partners, enhancing the token’s role as a primary currency.
- Secondary marketplace liquidity - Token holders can buy, sell, or trade their property tokens, with $TRLCO acting as the main medium for transactions and buyback options.
The future is here
In the coming months, we are excited to bring you more groundbreaking partnerships that will expand our ecosystem and reinforce our mission to drive innovation not only in the freelancing market, but also web3 as a whole.
We understand you may have questions about our partnership with TRL and the potential impact with our community. For any comments or discussions on this partnership, we invite you to join our official Telegram group and engage in the chat!