The Praetorian Group will create the world's first stable coin linked by real estate. The PAX token is also the first Initial Coin Offering ("ICO") to file with the U.S. Security and Exchange commission and seeks to help create a standard for future ICOs.
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 PAX Token, who's US sale is currently pending SEC Registration, will bring value, strength and transparency to cryptocurrency not realized to date by any other in the space.
The Praetorian Group's goal is to create a sound money cryptocurrency that is backed by a real world asset to ensure a protection of value and allow for long-term appreciation.
A Stable Coin With Tangible Value
Traditionally, owning a property requires a mortgage or a substantial amount of cash. With the PAX token, you can own a percentage of real estate property without breaking your finances. This foundation will give the PAX token a secure, tangible value that many other cryptocurrencies lack.
Transparent and Accountable
The Praetorian Group has filed with the Securities and Exchange Commission (SEC) to register our initial coin offering (ICO) as a security. This will hold PAX to the same standards as traditional investments including bonds, equities and futures.
Once the ICO goals are met, Praetorian Group will use the funds raised to compile a real estate portfolio.