Cryptocurrencies came to our reality as an alternative way to generate income. An option to be free and independent from any industry. Bitcoin and Ethereum were the first and most popular among all cryptocurrencies. These coins have set the path for the rest of the others cryptocurrencies. Most cryptocurrencies are not backed by any kind of business or assets. Few cryptocurrencies have decided to take a different path from others and want to have support in some valuable natural resource, a business or assets. This gives more security to the cryptocurrency and investors because they see their money backed and secure. They will have peace of mind.
Some examples of asset-backed cryptocurrencies are, Tether (USDT) backed in fiat money, Digix gold token (DGX) backed in gold, Pax Gold (PAXG) backed in gold, An Gold (ANG) backed in gold, and PETRO from Venezuela backed by natural resources. There are also custom cryptocurrencies backed by real estate such as MANA and BEE. These cryptocurrencies are increasing each time and they would be like the balance to instability shown by cryptocurrencies which don’t have any type of support. The idea is to be a safer cryptocurrency for investors and all the people who start their path in the world of cryptocurrencies.
One of the advantages of having a cryptocurrency backed by an asset in addition to safety for investor is that it will always be in a dynamic cycle in which its value will always have a positive trend due to the activity that the asset represents or its value as a natural resource. One of the most successful ideas in recent times has been to combine real estate business, tourism and blockchain in a single ecosystem to generate profits in a very safe way. This idea has been created, designed and executed by a project called KRG. The place of origin of this Project is Kazakhstan. It is a truly wonderful country with ideal tourism conditions and investment. It has grown in a big way in the last 10 years and it is ranked as one of the best countries to do business and invest.
The team of this project has managed a series of elements such as tourism, location, investment capacity, real estate business in its hotel activity branch and Blockchain in order to build an incredible ecosystem that will generate a business cycle with a positive growth trend. The token of this project is an ERC 20 token based on the Ethereum network and is backed by the real estate business specifically Karagandy hotel & office complex in the heart of the karagandy city in Kazakhstan. In other words, it is a very simple and effective tool to invest in real estate business.
Each KRG token is backed by a share of the Karagandy hotel at a range of $1 for each KRG token for a total market value of $10.000.000 million. The total supply of KRG token is 10.000.000 million. In the world of cryptocurrencies, a total supply like this one is a favorable factor because it limits the market and increases demand and as a result, the token will always have a tendency to increase its value.
Karagandy hotel is a 5 floors commercial building with an area of 10.000 square meters. The first and second floors are rented for offices with various purposes. The third, fourth and fifth floors work as hotel. Karagandy is a very affordable 3 star hotel located in the city center which provides a constant flow of people. The profits generated by the commercial activity of this hotel will allow the gradual purchase of this token in exchanges, which will aim to reduce the total supply of the token and increase its value.
KRG wallet.
The project has a wallet, KRG wallet, which can be used to store KRG tokens and any other ERC20 token. It has a very nice and friendly user interface and a great security protocol; it is the best place to store Krg tokens.
KRG Market
Krg tokens are already listed and can be traded on BTC-Alpha and Coinsbit exchanges. In Coinsbit, there are 6 staking pools already available in which investors can work with the token to generate passive income. In BTC-Alpha, there will be staking pools soon as part of the financial tools that this project offers to investors and all people to generate dividends.
FUTURE
It is a new and fresh concept very different from other cryptocurrencies and with a great advantage which would be the support in real estate business. It is a very safe cryptocurrency, a very stable project and represents a very safe investment. This project will mark the world of cryptocurrencies and will be an example to follow for many projects that want to enter in the world of cryptocurrencies backed by an asset. This type of project is and will be a trend in the future.
Project Website and Social Networks
https://krg-token.com/
https://www.facebook.com/krgtokenworld/
https://www.instagram.com/krgtoken_eng/
https://t.me/krg_eng
Carlos Chettick
Proof of Authentication
https://bitcointalk.org/index.php?topic=5299539.msg55823670#msg55823670