USP proposes to solve a problem that humanity once knew how to solve, then promptly forgot as soon as the emergency was over. Technology can make this solution easier and more efficient, but the problem is as old as money itself…
Primior's mission for USP is to create a highly liquid asset that is stabilized by the value of real estate. Because real estate markets generally trend strongly upward, its value would, in Primior's view, grow faster than the inflation rate which devalues fiat currencies. This gives rise to the aspiration that USP would come to be widely used as a viable medium of exchange.
USP would streamline the intricacies of real estate law while eliminating reliance on paper documents. Self-executing “smart” contracts would ensure the simultaneous transfer of ownership and values when, and only when, all criteria are met.
It would be classified as a security token, representing an equity claim on the assets of the issuer – real estate in this case. USP is backed by real estate rather than by fiat currency so its value would float in the market, thus minimizing the effects of inflation, which the developed world is facing for the first time in a generation.
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