Affordable Home US LLC, a Birmingham, Alabama-based homebuilder, announced the upcoming sale of a newly constructed home using its deployed ERC-20 utility token, Affordable Home Token (AHOME).
The company has purchased the land and finalized architectural plans for a 1,200-square-foot high-performance energy-efficient residence. It has launched a public decentralized application (dApp) at AffordableHomeToken.com that will enable users to interact directly with audited smart contracts deployed on the Ethereum blockchain.
“The smart-contract system supporting the token and auction process has been independently audited by QuillAudits, and the token contract is publicly verified on blockchain explorers,” said the company in a statement. “Participants will be able to acquire AHOME tokens through a planned public fair-launch auction using Gnosis EasyAuction on Ethereum, followed by additional token availability through a Uniswap decentralized exchange liquidity pool. Anyone capable of obtaining Ethereum and using a Web3 wallet such as MetaMask will be able to participate.”
The company added that token holders “can connect their wallet to the project dApp and use tokens to reserve a newly constructed home within the builder’s development pipeline. Upon completion of construction, the home will be transferred through standard off-chain real estate closing procedures, including title transfer, deed recording, and required tax documentation. At that time, the corresponding AHOME tokens used for the reservation will be permanently removed from circulation.”
By bringing homes for sale onto an open blockchain market, the company said it can expand participation “beyond traditional financing pathways.” Affordable Home Builders is now collecting auction waitlist registrations from prospective participants, and the auction timing will be scheduled based on demonstrated market interest.
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