Buy gki tokens

In an upcoming security-token-sale (STO), investors will be able to purchase a GKI token. This token will function as a security, and represents a share in the to-be-developed resort. Being distributed with the approval of island owner, Tower Holdings (who receive 12% of all tokens), the GKI token sale is a means of raising the funds needed for development. With an expected cost of $300 million, the development is expected to take place over the course of 5 years.

As with any security token, investors are essentially buying shares in the resort itself. This structuring means that the success of their investment hinges on the success of the resort.

Full details of the structuring of the token, and micro-economy envisioned for the island will be divulged in a yet-to-be-released Whitepaper.

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Directors of crypto currency consortium reveal how much investment they need to start construction in early 2019.

Business

Buy a slice of the island’s $3B development in world-first crypto currency-backed property deal

© Capricornia Newspapers Pty Ltd 2019. Unauthorised reproduction is prohibited under the laws of Australia and by international treaty.

Business

Directors of crypto currency consortium reveal how much investment they need to start construction in early 2019.

Business

Buy a slice of the island’s $3B development in world-first crypto currency-backed property deal

© Capricornia Newspapers Pty Ltd 2019. Unauthorised reproduction is prohibited under the laws of Australia and by international treaty.

Located 12 miles offshore, on the Great Barrier Reef in Australia is the Great Keppel Island (GKI). It is a serene location boasting stunning beaches, waters, and inland features. It checks all the boxes that any traveller would be interested in.

Recognizing the opportunity that the island presents, a group of developers have turned to blockchain in an attempt to realize their dream.

In an upcoming security-token-sale (STO), investors will be able to purchase a GKI token. This token will function as a security, and represents a share in the to-be-developed resort. Being distributed with the approval of island owner, Tower Holdings (who receive 12% of all tokens), the GKI token sale is a means of raising the funds needed for development.

Plans to develop a luxury resort, private villas and apartments, a golf course, retail outlets and a marina are part of what is being billed as the world’s largest cryptocurrency-backed property deal.

Great Keppel Island, once notorious as the place to «get wrecked» in Australia, has hopes of being revived by a cryptocurrency consortium.

Plans to develop a luxury resort, private villas and apartments, a golf course, retail outlets and a marina are part of what is being billed as the world’s largest cryptocurrency-backed property deal.

Investors will be invited to buy so-called Great Keppel Island Tokens in order to fund the $300 million development through what is known as a Security Token Offering, similar to an initial public offering for shares.

A report in the Sydney Morning Herald says the tokens will be tradeable on existing cryptocurrency exchanges.

Great Keppel Island was famous in the 80s and 90s as an Australian party island paradise. Located at the gateway to the Great Barrier Reef, this tropical isle marketed itself as a holiday destination of debauchery for young, single backpackers: “a great place to get wrecked”, as the catchphrase went.

Then, in 2006, the party ended. Sydney-based real estate company Tower Holdings bought Great Keppel’s iconic resort—previously owned by Contiki and Mercure—and shut the place down, while developer Terry Agnew cooked up plans to build a five-star luxury complex in its place. For some 12 years those plans have floundered while the resort sits, dilapidated, falling into ruin.

Now it looks like the Island may finally be reclaiming some of its former glory, thanks to a cryptocurrency consortium which aims to resurrect Great Keppel as a crowdfunded high-tech wonderland.

Business

Directors of crypto currency consortium reveal how much investment they need to start construction in early 2019.

Business

Buy a slice of the island’s $3B development in world-first crypto currency-backed property deal

© The Queensland Times Pty Limited 2019. Unauthorised reproduction is prohibited under the laws of Australia and by international treaty.

Business

Directors of crypto currency consortium reveal how much investment they need to start construction in early 2019.

Business

Buy a slice of the island’s $3B development in world-first crypto currency-backed property deal

© The Queensland Times Pty Limited 2019. Unauthorised reproduction is prohibited under the laws of Australia and by international treaty.

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