The Praetorian Group
Sound Money Cryptocurrency Ecosystem
The Praetorian Group's PAX token is a totally unique cryptocurrency because it is backed by real assets. PAX will be cryptocurrency's first sound money cryptocurrency. The Praetorian Group chose real property to lay the foundation for its token's value because like gold it garners appreciation value but unlike gold holders will also enjoy participation in the net profits generated by the rents collected from tenants in Praetorian owned properties. The foundation of real estate coupled with our merchant services project in Phase 2 will bring real returns to token holders for many years to come.
Imagine bridging two major industries - residential real estate and the blockchain to create a first of its kind company that is independent of government and politics that results in a compassionate capitalist investment model changing people’s lives as we revitalize blighted communities throughout New York State.
The Praetorian Group is creating the first ever Sound Money Cryptocurrency that will be backed by residential real estate in New York State. Our vision is to bring safety, security and lower volatility to the cryptocurrency community by introducing a sound money alternative to those cryptocurrencies currently in existence. We are especially excited to be able to bring cryptocurrency to those who would never have the opportunity to understand it and use it to better their lives. Imagine owning a cryptocurrency that translates into and allows you to hold a percentage of the New York real estate market which is the hottest market in the world. Furthermore, imagine being able to change people’s lives through your participation in Praetorian Group’s vision.
Praetorian is currently a two-phase business model that will utilize a number of blockchain opportunities as the company grows through its projected milestones.
Phase 1- The acquisition of New York residential real estate properties funded by our Initial Coin Offering (“ICO”). The Praetorian Group’s vision is to invest in lower income areas that are set to increase in value, infuse cryptocurrency into these areas and to fund “Outreach Programs” to enrich the quality of life for the residents in Praetorian Group owned properties.
Phase 2- Creation of the “PAX” Cyrptocurrency Blockchain Asset Wallet that will enable users to spend cryptocurrency anywhere in the world by utilizing their smartphone or a universal PAX debit card. This Asset Wallet and debit card will be the next step in our ecosystem and community based around the PAX Token.