HJHRE Announces HJH Investments’ 1Q22 Financial Results
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
WICHITA, KANSAS, 4th May, 2022, Chainwire
HJH REAL Token (HJHRE), a tracking token designed to monitor and derive its value from the profitability of HJH Investments' real estate portfolio, announced its Q1 2022 financial results today. Subsequently, it hosted a mining event of 3,347,501.42 tokens at the market price of USD 0.8663178.
HJHRE mining events occur quarterly, depending on HJH Investments acquiring additional real estate assets. The value of purchased assets is calculated at the end of each quarter, directly influencing the number of mined tokens. This process is detailed in the token's whitepaper and on its website.
HJH Real launched on SushiSwap and Uniswap on March 31, 2022. Around 400 million coins are currently in circulation out of a maximum token supply of 1.2 billion units. As a tracking token for HJH Investments’ real estate holdings, HJHRE aims to integrate characteristics of the stock market, real estate, and ETFs using cryptocurrency.
The project utilizes a dual-pricing system to employ a robust tracking mechanism. It involves the Real Estate Asset and Income (REAI), which is a Price-to-Earnings logic applied to the real estate industry. The second formula is a Proof-of-Volume (POV) calculation that divides a well-researched statistical coefficient (i.e., 5,764,801) by the total HJRE exchanged or gifted on the market. Buyers should know that buying HJHRE is not an investment in HJH Investments' real estate assets.
HJH Investments is a Kansas-based commercial real estate syndication firm with a real estate portfolio of over USD 425 Million. To date, HJH has acquired 72 properties. The company primarily procures
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