No it is not 2,500 subscription. It is based on an average rent, Nomad Pass is essentially a way for Nomads to pay their rent, through the app without fees, without legal contracts or credit checks.

Some people (like myself) can afford a 2,500 rent but can't seem to be approved for a 2,500 mortgage, due to credit and this "Feature" of Nomad Pass is for people in my shoes.