MegPrime, a financial technology platform, has partnered with the developer and builder Megatel Homes on a digital rewards program designed to help lower housing costs.
According to the companies, the program will enable homebuyers who purchase a Megatel Home property and make their monthly mortgage payments through MegPrime Bill Pay using MP tokens to qualify for mortgage rates as low as 2.9%. Eligible real estate brokers who sell a Megatel Home property to a buyer who selects to utilize the MegPrime app and MegPrime token will receive a 6% commission on the sale of the home.
All rewards are issued in MegPrime tokens and may be converted to US dollars through the MegPrime app. The companies added the MegPrime token is expected to be available during its upcoming Token Generation Event, anticipated as early as Feb. 26, and thereafter through the MegPrime app, on select third-party centralized exchanges, as well as decentralized platforms such as Uniswap and retail decentralized exchange platforms supported by Coinbase.
“MegPrime’s mission is to solve the housing affordability crisis in the United States,” said Zach Ipour, co-founder of Megatel Homes and MegPrime. “The fastest, fairest, and most open way to achieve this is to blend innovative technology with rewards that are easily attainable and redeemable. New home buyers and homeowners can use the MegPrime ecosystem to cut down their monthly mortgage repayments and attain financial freedom. We are proud to help Americans spend more of their hard-earned money on things they want and that will improve their lives.”
