Peoples Reserve
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Frequently Asked Questions
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You earn interest with your property by claiming it in our NFT Marketplace and completing the Proof of Ownership process, with absolutely no home ownership risk whatsoever. Your property's tax assessed value is claimed against our funding reserves and bridged to the internet economy where it immediately begins to generate passive income streams.
You can not earn interest by simply depositing crypto assets into your Peoples Reserve platform account. However, you can begin to earn interest by swapping your crypto assets for prUSD and repositioning your stablecoins into numerous strategic asset-backed and/or activity-based Vaults.
In order to earn the maximum amount of interest possible you must take advantage of the Loyalty Level program. Loyalty Level benefits are based on the value of PRN tokens as a percentage of the user's Portfolio & Mortgage balances. The higher the Loyalty Level you attain the higher the APY earnings.
Peoples Reserve is a market maker for We the People. We employ multiple market making and delta-neutral strategies with our funding reserves in order to generate the yield that is paid out on NFT equity.
The SRM is a new and innovative loan product designed to empower borrowers by incentivizing and rewarding their established equity value. Simultaneously, SRM reduces risk for lenders who claim and earn interest with the remaining equity value in our NFT Marketplace.
The SRM benefits the borrower by enabling Home Equity to earn interest. These earnings directly and immediately reduce the monthly mortgage payment saving borrowers thousands of dollars of out-of-pocket costs.
No, that would require the property to become collateral which introduces liability and ownership risk. Peoples Reserve is dedicated to empowering We the People by enabling equity to become an asset, not a liability.
To borrow against your crypto assets simply deposit your assets into your Peoples Reserve platform account. Move your assets from the Savings wallet to the Credit Line wallet. Borrow prUSD against your credit line with automatic approval. Spend stablecoin instantly with your debit card, withdraw into the internet economy, or use within our ecosystem. Interest is paid automatically from your available credit line limit. Repay in full at any time with no penalty.
You get the best APR and LTV ratio by taking advantage of our Loyalty Level program. Loyalty Level benefits are based on the value of PRN tokens as a percentage of the user's Portfolio & Mortgage balances. The higher the level you attain the better the APR discounts and the higher the LTV ratio. APR starts at 12.9% for Basic Loyalty Level and decreases to 6.9% for Diamond Loyalty Level. LTV ratio starts at 40% for Basic Loyalty Level and increases to 70% for Diamond Loyalty Level.
No. Peoples Reserve offers a debit card with no possible overdraft or repayment fees.
You can spend the value of your crypto assets by swapping your crypto to prUSD and loading that stablecoin value onto your debit card.
There are currently no limits to how much you can spend as our card is a pre-loaded debit card and not a credit card. However, there is a load limit and charge based on your Loyalty Level. For example, Diamond members are allowed up to $5,000 per load with a $10 processing fee.
We have a tiered Loyalty Level program. The Loyalty Levels consist of Basic, Silver, Gold, and Diamond.
Loyalty Level benefits include APY boosters, APR discounts, Vault access, Discounted fees, Participation Fee Rewards, and Self Repaying Mortgage equity.
Loyalty Levels are based on the value of PRN tokens as a percentage of the user's Portfolio & Mortgage balances. Each tier has a designated threshold the user must meet to qualify - Basic: up to 1.99%, Silver: 2% to 5.99%, Gold: 6% to 9.99%, Diamond: 10% and above.
Yes and it's quite advantageous to do so as the benefits are exceedingly more generous the higher the Loyalty Level you attain. We make it simple for you on our Loyalty Level page by providing a calculator widget to help determine the value of additional benefits. We also calculate the exact amount of PRN tokens required to upgrade to the desired Loyalty Level.
PRN tokens are the currency of payment (gas) required to utilize all our products and services throughout the ecosystem. The PRN token was launched on the Ethereum blockchain based on the ERC20 standard. For We the People to claim our real world asset value in the internet economy we will need to acquire PRN tokens.
PRN tokens held on the users platform account allow them to qualify for certain Loyalty Level privileges. These privileges are based on the value of PRN tokens as a percentage of the user's Portfolio & Mortgage balances. Benefits include APY boosters, APR discounts, Vault access, Discounted fees, Participation Fee Rewards, and Self Repaying Mortgage equity.
No. Only PRN tokens that are held in the users’s platform account will receive certain privileges and benefits including but not limited to proportional participation fee rewards.
The PRN token smart contract address is 0x0c5d9fae8670cfa0aA5f57b42CCd630c46BBe498 PRN tokens will soon be made available for purchase through our community sale (Learn More). After sale completion, PRN tokens will be made available through top decentralized exchange liquidity pools.
In order to finalize a property claim or SRM reservation in the PRN Marketplace users must complete Proof of Ownership. This process is how Peoples Reserve authenticates the users’ property ownership. Once ownership is validated, we mint users’ NFT equity and it begins to earn interest in the internet economy. Without Proof of Ownership certification, no real world asset value can be claimed against our funding reserves, therefore; no interest can be earned.
Users will need to provide copies of their deed, homeowners insurance, or other important documents in order to prove they are the true and rightful owner of the claimed property. Once ownership is validated, the value of the user’s claim against our funding reserve is minted as NFT equity. Your NFT equity automatically begins to earn interest for you in the internet economy.
When making a property claim or SRM reservation in the PRN Marketplace there is absolutely NO Home Ownership Risk. This is not a debt based product but a revolutionary equity based solution, so; there is no liability, debt, or lien created against the property. Peoples Reserve simply confirms your property's tax assessed value and bridges this value to the internet economy.
NFT stands for Non-Fungible Token. NFTs are a specialized type of cryptographic tokens that represent a unique digital asset. In our Marketplace, NFTs are used to represent the unique claimable value of the user’s real world asset.
The Peoples Reserve glossary is a summary of terms relating to our specific ecosystem and the internet economy. To access the glossary and learn more please visit our DOCS - GLOSSARY