While the broader security token market has boomed in recent months, real estate models appear to be stuck in the midst of the coronavirus pandemic.
AspenCoin (ASPD), a digital security system with a 19% ownership interest in a five-star 179-room hotel in Colorado, has announced discounts for resident token holders to increase sales.
Cardholders between the ages of 10,000 and 99,999 will be eligible for a 20% cash discount on their stay at the St. Regis Aspen, while holders of tokens ranging from 100,000 to 499,999 tokens will receive a 35% discount. %, And holders of 500,000 or more ASPD will be eligible at half the price.
Token holders are entitled to a discount of no more than 30 nights in a calendar year.
Despite trading on ASPD, which was launched in response to a major change in the security token in terms of volume in the past month, the Overstock token tZERO has been operating fairly steadily, gaining only 4% in three weeks of trading.
On the other hand, the tZERO TZROP token has received 35% since the beginning of September.
Real estate prices appear to be stuck in the midst of the Coronavirus slowdown, with all nine tokens trading RealT losses in August. Losses ranged from 1.89% to 24.90%, including four drops of more than 15%.
Despite the slow performance of many real estate agents, the security sector in general has seen historic volume in recent months.
With the stock token trading only $ 200,000 in April, the volume jumped to $ 1 million in May, $ 2.1 million in June, $ 8.1 million in July and $ 22 million last month. During the same period, the market value of the sector has grown from $ 53 million to nearly $ 500 million.