how joogi works.

What is joogi? 

joogi is an platform that combines the normal crowdfunding you know, with auctions and rewards, to put people into homes that are completely debt-free. How do we do that exactly? 

• You work with others to crowdfund a home. 

• Once a home’s crowdfund reaches its funding target, it goes into an auction. 

• If you contributed to the crowdfund, you can bid in the auction. 

• You can only bid in the auction with in-app rewards called joogis. 

• The person who bid the highest in the auction with their joogi rewards wins the home. 

• You must be 18 or older to participate. 

 

What are joogis? 

• Our company joogi has in-app rewards that we call joogis.

• If you do not win an auction, you keep your joogis and can bid on the next home with them.

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How do I refer friends? 

• When you are in the app, click on "settings," then "Invite Friends."

• Type in your friends' email and we will send them a link to download joogi.

• Once they contribute to a crowdfund, you get 101 joogis!

 

How do I earn joogis? 

You earn joogis a few ways: 

• Sign up for the app.

• Contribute to a crowdfund.

• Refer your friends.

• Collect your daily claims.

 

How do joogi crowdfunds work? 

They work like the crowdfunding we all know. Here’s how:  

• Homes are posted into our marketplace and given a funding target.

• You work with others to contribute to a home’s crowdfund.

• There is a minimum and maximum amount that you can contribute to each crowdfund.

• Once the home is fully funded to its target, it goes into an auction.

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How do joogi auctions work? 

• Once a home is fully crowdfunded to its funding target price, it will go into an auction.

• If you contributed to the crowdfund, you will be allowed into the auction to enter your bid. 

• You can only bid with your joogis. 

• The person with the highest joogi bid at the close of the auction wins the home; and your wallet will automatically be deducted the amount of joogis you bid to win the auction.

• You can only win a home ONE TIME and then you are no longer eligible to be the winning bidder on another home.

• Here is all the legal mumbo-jumbo.

 

What if I don’t win an auction? 

• It is important to understand that if you got joogis for participating in the crowdfunding, it doesn’t mean you will be successful in winning the auction for that home.

• The good news is if  you don’t win the auction, you get to keep your joogis for another auction. 

 

What happens after I win an auction? What do I need to know about taking possession of the home I won in the auction? 

• The final Purchase Documents will be emailed to you for electronic signature. You must sign the purchase documents within one business day after they are sent to you.

• You are responsible for taxes, HOA fees, and all of the rest of the costs of being a homeowner.

• You now own a home, debt-free!

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If you have any questions, you can contact us via email at support@joogi.com.