Everyone is talking about the rocket ship ride of Bitcoin as it cruises through $10,000 per BTC apparently on its way even higher. About one year ago, Bitcoin was just $700. Hopping along on this stratospheric rise is UOWN, a UK based property crowdfunding platform. UOWN has announced a prize to celebrate the rise in Bitcoin, and to promote their site, where one winner receives a single Bitcoin.
UOWN director Shaan Ahmed says this is an exciting time for the alternative finance world as many of the UOWN investors are interested not just in peer to peer lending but crypto as well
“There are some similarities between Bitcoin and property crowdfunding, as both can give a good return and a supply shortage is driving the price of both upwards – which is great for investors,” says Ahmed. “But unlike cryptocurrencies, property crowdfunding is income generating and asset-backed. Having a bricks-and-mortar asset means that investors get returns from rental income every month, not just when they cash out. It also means there is a physical asset and a real human value to your investment.”
UOWN is a relatively young crowdfunding platform having launched earlier this year. The investment platform allows individual investors to invest with as little as £20.
The platform explains it offers previously off-market properties which have a proven performance for delivering rental income. It has already attracted 1,100 investors since its launched earlier this year.
According to the company, yo enter the competition, participants need to invest with UOWN before the end of December 2017, with a minimum investment of £20.