THELOGICALINDIAN - A affluence island off the bank of Australia is gluttonous 300 actor in allotment for redevelopment Great Keppel Island will be captivation a aegis badge auction giving investors the befalling to own a pale in the island
Great Barrier Reef Island to Become High-Tech Luxury Resort Funded by Crypto
Great Keppel Island is the ideal area for a affluence resort. Endless pure-white beaches, apricot reefs, and august sunshine. The one affair it lacked was funding. That is until now.
A cryptocurrency bunch is planning to authority a badge auction alms investors the befalling to own a pale in Great Keppel Island. Unlike abounding antecedent bread alms (ICO) proposals, the tokens on auction will be backed by the developments on the island itself.
There are affairs to actualize a affected affluence resort complete with a Greg Norman advised golf course, 750 villas, 300 affluence apartments, and a 5-star beachfront hotel.
It is not bright how abundant investors will be appropriate to accord during the aboriginal allotment round. However, according to the Sydney Morning Herald it will acceptable be in the six-figure range, as is accepted for aegis badge offerings. Later circuit will acquiesce retail investors to buy the Great Keppel Island Tokens (GKI) too.
The GKI tokens will additionally be tradeable on the absolute agenda asset exchanges. The bunch abaft the badge auction claims that the island itself will be account billions back the development is finished. This should ensure that the amount of the GKI tokens will abide to rise.
Under the agreement of the sale, the buyer of the now-defunct resort that existed ahead on Great Keppel Island will absorb 12 per cent of the absolute accumulation of tokens. Tower Holdings owns about 70 per cent of the island itself and is led by Australian agent Terry Agnew. The close has spent years aggravating to defended permission and allotment for the island’s redevelopment. With the cryptocurrency consortium’s help, the island’s redevelopment should assuredly become a possibility.
A promotional video for the badge auction and advance befalling absolutely states:
“This is your adventitious to access the rarest gem on earth.”
It goes on to the affirmation that the affairs of a agnate befalling in agreement of calibration actuality presented to investors is unlikely. It is anticipation that a abounding whitepaper account the investment, as able-bodied as the development affairs will be accessible on either Friday or Monday.
The Great Keppel Island badge auction is not the alone archetype of real-estate developers gluttonous allotment through the use of agenda tokens. Last month, NewsBTC appear on Indiegogo’s action to facilitate agnate offerings for companies. Aspen Agenda are alms shares in St. Regis Aspen represented by Aspen Coins. Pending the success of these two initiatives, it is acceptable that added firms will chase suit.
