## What Is HOME Coin (HOME)?

HOME is a U.S. dollar [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin) pegged to USD at 1:1. First launched in September of 2021, HOME has since grown to $44 Million in home value across 35 homes backing the coin

HOME is one of a number of cryptocurrency stablecoins suppoted by [BACON](https://coinmarketcap.com/currencies/bacon-protocol/), a protocol for tokenizing real-world assets.

As with other stablecoins, HOME aims to facilitate increased liquidity and provide cryptocurrency traders and general users with a nonvolatile asset relative to free-floating tokens.  Unlike other [stablecoins] HOME is fully transparent and lists all assets backing the coin and their value at www.homecoinfinance.com as well as on the blockchain



### Who Are the Founders of HOME?

HOME is a stablecoin launched by parent company LoanSnap whose co-founders Karl Jacob and Allan Carroll have created and run numerous successful startups.  Karl has raised $100s of millions of USD from investors Benchmark, Microsoft, eBay, True Ventures, Richard Branson's Virgin Group, Peter Thomson's ThomVest and Paul Allen's Vulcan Ventures.  Companies he has started and worked with have generated $100s of millions of dollars in returns and he has had numerous succesful exits  Karl was also the the first advisor to Facebook when the company was only 6 people

Allan Carroll is a co-founder and founded three prior startups as CTO
He built communities & systems that handled 100s of millions of users and transactions  First developed home lending software over 20 years ago.  He has been in crypto since 2014.  He was in the Ethereum Genesis Block



#### What Makes HOME Coin Unique?

HOME Coin is unique in 4 key ways
1. Fully Transparent, Every asset backing the coin is listed on the website along with its location and the size of the lien on the home and the value of the home.  This information is also available on the blockchain  No other stablecoin has this level of transparency
2. Decentralized, the assets backing HOME are distributed around U.S. and the liens are recorded at the county level where the house is located providing a real world backup to the onchain representation of the lien.  Any originator or servicer may participate in making or servicing loans for HOME Coin.  Even payments can be made by borrowers without involving any intermediaries
3. Durable Return.  Since the loans are often 30yrs or more the return from HOME is durable over years vs months of even days for other coins
4. 1% return for just holding HOME 2-5%+ for staking


HOME Coin has entered various corporate partnerships as part of its business activities, including options for HOME holders to increase annualized passive income returns.


#### Related Pages:

Learn more about USD Coin [here](https://coinmarketcap.com/currencies/usd-coin/).

#### How Many HOME Coin (HOME) Coins Are There in Circulation?

There was around 381.9 million TUSD in circulation as of October 2020. Given its status as a stablecoin, the supply is uncapped, and will continue to expand according to demand.


### How Is the HOME Coin Secured?

HOME Coin and BACON Protocl have been audited several times.  Please see the latest audit [here](https://files.baconcoin.com/baconcoin-blocksec-audit.pdf) 

Beyond trusting the validity of its USD peg, any security issues relate to those which affect all ERC-20 standard tokens. Transactions, for example, can suffer from abnormally high fees if [gas prices](https://coinmarketcap.com/alexandria/glossary/gas-price) on the Ethereum blockchain spike.


### Where Can You Buy HOME Coin (HOME)?

HOME is available from www.homecoin.finance as well as [Curve](https://curve.fi/factory/123)



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HOME Coin is a stable coin backed by a pool of liens on homes and loans against those liens (mortgages)

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