KRG - backed by a real estate business - BV_Crypto

Thursday, December 24, 2020

KRG - backed by a real estate business

 

About KRG Token
KRG Token is a crypto asset supported by the real sector of the economy. This means that part of the future profit from the hotel business will go to the purchase of tokens from crypto exchanges. This process is aimed at reducing the total number of KRG tokens in circulation and, consequently, increasing their value.


KRG token
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. 


Karagandy
Hotel & Office complex is a commercial real estate with 5 floors and a total area of 10,000 sq.m.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.

Hotel “Karaganda”- is recognized as one of the best options for a comfortable and cozy stay. The complex is located in the central and most lively area of the city of Karaganda
Good day, we are happy to present you the KRG token.
The KRG token is a highly volatile cryptocurrency of the ERC-20 standard based on Ethereum, backed by an existing business — the office and hotel complex “Karaganda ” in the center of the city of the same name in the Republic of Kazakhstan.

A simple and transparent way to invest in commercial real estate. Each KRG token is provided with a share of assets at the rate of 1 KRG per $1 of the market value of the office and hotel complex “Karaganda”, which today is $10,000,000.

Stable income from the commercial activities of the complex will allow for a phased purchase of KRG tokens from exchanges — a process aimed at reducing the number of KRG tokens in circulation and strengthening their value.

Token economy
Total supply:10 000 000 KRG
Each token is backed by a $1 share of the Hotel & Office complex market value

Initial Coin Offering
Pre-sale price: 0.5 USD per 1 KRG. ICO price starts at 1 USD per 1 KRG

Buyback-and-burn
Strengthening the value of the token through income from the commercial activities of the hotel

KRG Token Details
●  Symbol: KRG

●  Tags/Notes: No tags or notes

●  Total Supply: 10,000,000.00 KRG

●  Market Cap: $ 0.00

●  Decimals: 18

●  Transfers: 158

●  Holders: 77

Token KRG Token Information
  • 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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