Core Viewpoint - Megatel Homes has launched a crypto payments and rewards token named "MegPrime," following a "no-action" letter from the SEC, allowing the company to enter the digital assets space [1][2]. Company Summary - Megatel Homes is a privately held home builder based in Dallas, and the introduction of MegPrime marks its first venture into digital assets [2]. - The company aims to create an open ecosystem for renters and homeowners, rewarding them for their everyday spending [3]. Token Functionality - MegPrime tokens will be used solely for payments to earn rewards, not as investments, with issuance expected in the coming weeks [3]. - Users can earn up to 20% back in token rewards when paying rent or mortgage through the MegPrime app, which can be redeemed for everyday purchases or converted to US dollars [4]. Additional Benefits - Renters using MegPrime tokens can receive up to 100% of their past 12 months of rent (up to $25,000) towards a future home purchase [4]. Industry Context - The real estate sector is increasingly adopting blockchain technology, with the US Federal Housing Finance Agency exploring the role of crypto in mortgage qualification [6].