USPC is now available to buy & trade on DigiFinex to non-US investors!

How the last shogun led to the first cryptocurrency 

Whenever people are forced together in a closed environment, an economy will break out.

During the 1800s, Japan was faced with a major crisis. The feudal society had to contend with the collapse of the Tokugawa Shogunate, a national government that had lasted 200 years. Suddenly, the paper issued from Edo were worthless and each domain had to create its own scrip. These local banknotes, known as hansatsu, was initially backed by gold or silver, but could also be future contracts predicated on the rice harvest. You might think that this was a big step, but it really wasn’t. There were enough issues with the military authority’s money that scrip had been part of the Japanese economy throughout that whole period. 

The rest of the world had its economic rough patches as well, and non-fiat money was always an option to move past them. America’s Panic of 1837 (and 1838, and 1839, and …)  was caused by President Andrew Jackson’s declaration that only gold and silver coins could be exchanged as legal tender. Of course, there were never enough of these and the economy faced a deep recessionary period remembered as Hard Times. Privately struck copper pennies of the time are now collector’s items known as Hard Times tokens. 

Whenever people are forced together in a closed environment, an economy will break out. That’s why makeshift currencies have appeared everywhere from the Siege of Khartoum to prisoner-of-war camps to the cigarette-based exchange medium of penitentiaries. 

If you read the USPC white paper, you’ll learn a little about the Rentenmark, the non-fiat money that bailed out Germany from its hyperinflationary mess in the 1920s. (I’ll talk more about that in a future blog post.) 

Your turn. 

So what should we do now that we’re empowered to create your own money? 

In the days after the internet was widely adopted but before blockchain technology developed, one University of Iowa team created a currency that would help epidemiologists track flu outbreaks. It didn’t go anywhere, but maybe now’s the time to try again. 

There must be a dozen NFT minting sites benefiting Ukraine’s defense forces and supporting its economy in the face of Russian aggression. Any crypto being used for remittance from wealthy countries to less economically developed ones is essentially being used to get around middlemen, warlords and corrupt officials in order to transfer value directly to those in need. In short, there is no shortage of good that can be done when we are each empowered to take ownership of our own capital. 

At USPC, we leave it to you to decide how you would spend, save or donate our coins once they have proven their value to you. Our mission will be to use this new tool as a mechanism to provide space for people to live, work, relax and find new ways of improving all our lives. 

U.S. Property Coin (USPC), a project of real estate development and management firm Primior, anticipated to be the first Securities and Exchange Commission-regulated, asset-backed security token drawing underlying value from real estate, providing investors a complete, transparent, stable and highly liquid digital asset that has the potential to appreciate over time and deliver yield by default. 

Necessary Disclosures
Informational Purposes for Discussion Only

This general analysis is for general informational purposes only and does not constitute a prospectus, an offer document, an offer of securities, a solicitation for investment, or any offer to sell any product, item, or asset (whether digital or otherwise). The information set out in this general analysis is for community discussion only and is not legally binding.

No Responsibility or Obligation Regarding the Provision or Maintenance of Information

USPC and its affiliated persons and their respective shareholders, members, officers, directors, managers, employees, counsel, advisors, consultants, and agents (“Representatives”) reserve the right, in their sole and absolute discretion with or without notice, to alter any and all of the information of this general analysis.

You acknowledge that: (1) the information contained in this general analysis is subject to change without notice, and no one shall assume from the lack of any updates to this general analysis that the contents of this general analysis have not changed since the date of this general analysis; (2) this general analysis could become outdated due to changing circumstances; and (3) USPC or any of its Representatives does not hereby obligate itself in any manner to periodically or otherwise to update the information in this general analysis or to maintain the availability of any information in this general analysis.

No Advice

Nothing in this general analysis constitutes business, finance, legal, or tax advice. You agree to consult professional advisers before engaging in any activity related to the information provided in this general analysis.

Not an Offer for Any Securities or Investment

This general analysis does not constitute an offer of securities, a prospectus, an offer document, or solicitation for an investment of any kind. Information contained in this general analysis is not an offer to sell securities or the solicitation of an offer to buy securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.

You acknowledge that: (1) this general analysis and the information shown herein is not an offering of any securities nor a solicitation of an offer to buy any securities and (2) this general analysis and the information herein shall not be construed as any description of the business of USPC or any of its Representatives in conjunction with any offering of securities.

Nothing Legally Binding

This general analysis does not constitute or imply a contract or an offer to enter into a contract. This general analysis is provided solely for informational purposes only and does not constitute any binding commitment by USPC or any of its Representatives. No person is bound to enter into any contract or binding legal commitment in relation to anything in this general analysis.

No Liability, No Representation and Warranty Regarding Information

Neither USPC or nor any of its Representatives shall be held liable for any use of or reliance on the information described and/or contained on this general analysis. USPC and its Representatives do not and do not purport to make, and hereby disclaims, all representations, warranties or undertaking to any entity or person (including without limitation warranties as to the accuracy, completeness, timeliness, or reliability of the contents of this general analysis, or any other materials published by USPC or its Representatives). To the maximum extent permitted by law, USPC and its Representatives shall not be liable for any indirect, indirect, special, exemplary, incidental, consequential, or other damages or losses of any kind, however caused and on any theory of liability, whether in contract, strict liability, or tort (including, without limitation, any liability arising from default or gross negligence on the part of any of them, or any loss of revenue, income or profits, and loss of use or data) arising in any way from the reading of this general analysis, including but not limited to the reliance upon or the use of the general analysis (including, without limitation, inaccurate information, errors, omissions, outdated data, etc.) or otherwise arising in connection with the same.

No person has been authorized by USPC or any of its Representatives to give any information or make any representation or warranty regarding the subject matter hereof, either express or implied, and, if given or made in this general analysis, in other materials or verbally, such information, representation or warranty cannot and should not be relied upon nor is any representation or warranty made as to the accuracy, content, suitability or completeness of the information, analysis or conclusions or any information furnished in connection herewith contained in this general analysis and it is not to be relied upon as a substitute for independent review of the underlying documents, available due diligence information and such other information as you may deem appropriate or prudent to review. USPC and its Representatives expressly disclaim any and all liability for express or implied representations or warranties that may be contained in, or for omissions from or inaccuracies in, this general analysis or any other oral or written communication transmitted or made available to you.

Any historical information or information based on past performance included herein is for informational purposes only and has inherent limitations and is not intended to be a representation, warranty, or guarantee of future performance. Projected performance data shown constitutes “forward-looking information” which is based on numerous assumptions and is speculative in nature. Actual results may vary significantly from the values and rates of return projected herein.

Your Responsibility to Verify Information

You will have the sole responsibility for verifying the accuracy of all information furnished in this general analysis. There shall be no recourse against USPC and its Representatives in the event of any errors or omissions in the information furnished, the methodology used, the calculations of values or conclusions.

No Affiliation

USPC or its Representatives does not imply any affiliation with, or endorsement by, any third party. Such references in this general analysis are for illustrative purposes only.

Regulatory Approval

No regulatory authority has examined or approved, whether formally or informally, of any of the information set out in this general analysis. No such action or assurance has been or will be taken under the laws, regulatory requirements, or rules of any jurisdiction.

Legal Compliance

You will and shall at your own expense ensure compliance with all laws, regulatory requirements and restrictions applicable to you.

Join The Waitlist

USPC is slated to launch in late March, 2023, and we’re currently building our waiting list for early supporters who want to get in on the action.

Did you enjoy that article?

Spread the word! Help us reach more people on social media by sharing our posts with your friends and followers.

USPC Now Live On DigiFinex!

We’re excited to announce that USPC is now live on the DigiFinex exchange. This is an important milestone for USPC as it marks our first listing on any crypto exchange. This also represents a major victory for tokenized real estate, as it demonstrates the potential for decentralized real estate investing!

Play Video