Selasa, 15 Desember 2020

[BOUNTY]KRG - backed by a real estate business500 000 KRG pool

 


More about Token KRG

KRG token is an Ethereum-based ERC-20 crypto asset backed up by real estate business: Karagandy Hotel & Office complex in the heart of Karagandy city (Kazakhstan).

KRG token is a simple and transparent blockchain-based tool designed to make investment in commercial real estate straightforward and easy. Each token is backed by a share of the Hotel & Office complex market value at the rate of 1 KRG per $1 of the market value which amounts to $10,000,000.

Future commercial profits generated by the business will allow for a phased buyback of KRG tokens from crypto exchanges — a process aimed at reducing the total supply of KRG tokens in circulation and strengthening their value. During pre-sale (until the 1st of September) KRG tokens are available for purchase at a discounted value of $0.5 per 1 token. On September 1, 2020, the KRG token is to be listed on BTC-Alpha cryptocurrency exchange and sold at the rate of $1 per 1 KRG token.

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About The Hotel

Karagandy Hotel & Office complex

Karagandy Hotel & Office complex is a commercial real estate with 5 floors and a total area of 10,000 sq.m. The 1st and 2nd floors are rented out as retail and office premises, while 3-5 floors are occupied by hotel rooms of mixed type. Karagandy is a three-star hotel in the city centre and is considered economy class, which along with easy transport connections gives an edge in terms of customer flow.

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Tourism potential in Kazakhstan

The direct contribution of the travel and tourism industry accounted for 5.6 percent of the total GDP of Kazakhstan in 2019. According to the official government strategy published in May 2019, the goal is to make it 8% by 2025.

Tourism investments

Over the past decade (2009 - 2019), the average annual investment growth in tourism and entertainment enterprises amounted to 10%, and according to the results of 2019, the increase in capital investment reached 46.2% per year.

By the end of 2019 direct tourism investments amounted to 153.7 billion Tenge (approximately 368 million USD), thereby breaking the record level in the history of Kazakhstan. Government funds accounted for 40.2% of the total investment amount, 46.2% accounted for equity, and 13.6% were borrowed funds and bank loans.

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Investment climate in Kazakhstan

The Central Asian nation of Kazakhstan seeks to profit from its geographical location and become the “New Silk Road” linking China and Europe through Central Asia and Russia. Kazakhstan aims to become the Eurasian Economic Union’s investment center. In the Doing Business 2020 rating from the World Bank, Kazakhstan ranked 25th among 190 countries (in 2019 - 28th, in 2018 - 36th). The country is in the TOP-10 of the world countries in such indicators as compliance with contracts and protection of the rights of minority investors.

Over the past decade, the national economy received $250.2 billion, or about 80% of all foreign direct investment flows over the years of independence ($ 320 billion). This trend is an eloquent evidence of investment policy efficiency.

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Token specifications

  • Ticker: KRG
  • Total Supply: 10,000,000 KRG
  • IEO: Pre-sale: till 1.09.2020 IEO (BTC-Alpha): 1.09.2020
  • Pre-sale price: 0.5 USD per 1 KRG
  • Description: KRG token is a highly volatile crypto asset backed by an established business: Karagandy Hotel & Office complex in Kazakhstan.
  • Wallet: Please visit krg-token.com and proceed to our webbased wallet for ERC-20 tokens.
  • Trade: KRG tokens can only be traded on a third-party crypto exchange (BTC-Alpha).
  • Token economy: Future revenues from the hotel business will be used for a phased buyback of KRG tokens, thus shrinking the total supply on KRG in circulation and stimulating demand and value.

The token is sold on the crypto exchange

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Team

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Lavrentiev Alexander

CEO

To get more accurate information, please visit the link below:

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