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KRG-BRINGING THE BENEFITS OF CRYPTOCURRENCY AND BLOCKCHAIN TECHNOLOGY INTO THE REAL ESTATE SECTOR
Since the introduction of cryptocurrency in 2009, many industries have benefitted from its potentials. From financial industries to healthcare, energy, and so on, cryptocurrency and blockchain technology is proving to be a redefining innovation.
One of such industries that have adopted this technology in recent times is the Real estate sector. Before we go on, it is worth understanding that Real estate entails a class of “real property” in the form of land and anything permanently fixed to it, be it natural or artificial. It is mainly of five categories: residential, commercial, industrial, raw land, and special use.
It opens up a wide range of investment options either by directly purchasing a home, rental property, etc, or investing indirectly through a real estate investment trust (REIT).
Like every other sector that has tapped into the potentials of cryptocurrency and blockchain technology, the Real estate sector will benefit immensely from this innovation, bringing a boost to the already fast-growing industry. This is what KRG, a cryptocurrency backed by a real estate business has come to do, and is recording massive success within a short time since its inception, proof that it is a huge project.
INTRODUCING KRG- A UNIQUE CRYPTOCURRENCY BACKED BY A REAL ESTATE BUSINESS
Blockchain technology is characterized by its convenience, and this is one of the things that KRG token will bring into the real estate sector, improving the ease of investing in commercial real estate.
While most crypto assets are not backed by real properties and are susceptible to high devaluation as a result, the KRG token stands out, solidly backed by a share of the Karagandy market at 1KRG per $1 rate. This makes it strongly reliable, well-positioned as the future of the crypto industry.
KRG is blockchain-based, deployed on the Ethereum-based ERC-20 crypto, and backed by real estate business, Karagandy Hotel and Office complex, which is located in Karagandy city, Kazakhstan.
KARANDY HOTEL AND OFFICE COMPLEX- FIRST CHOICE STAY FOR COMFORTABILITY
Located in the heart of Karagandy city, Kazakhstan is Karagandy Hotel & Office complex; a commercial real estate three-star hotel.
It includes 5 floors and a total area of 10,000 sq.m. While the 1st and 2nd floors are rented out as retail and office spaces, the 3rd-5th floors are occupied by hotel rooms of different types.
Karagandy hotel is considered economy class, with accessible transport networks. Its modern facilities, lovely climate, serenity, tight security, and many more make it the first choice hotel in Karandy city.
WHAT WILL KRG TOKENS BRING IN COMMERCIAL REAL ESTATE?
IMPROVED SECURITY AND TRANSPARENCY: One of the main characteristics of blockchain technology is its security. This is what KRG, a blockchain-based token aims to bring into the real estate sector. Tackling frauds, manipulations, fake identity, and many more, thereby improving the transparency in investing in the real estate business.
CONVENIENCE AND EASE OF INVESTING: With the role played by centralized bodies such as banks in the real estate, many frictions, delays, and stringent laws are experienced in the business. The beauty of utilizing blockchain in real estate business is that it will eliminate the need for third-parties and promote decentralization. This will enhance the ease of investing by all standards.
IMPROVED LIQUIDITY: Liquidity simply means the speed at which transactions are completed. With the elimination of intermediaries, the speed of completing transactions will be no doubt improved significantly.
TOKEN DETAILS
Token Name: Karaganda
Token Symbol: KRG
Total Supply: 10,000,000 KRG
Decimal: 18
Network Type: ERC-20
Supported Blockchain: Ethereum Blockchain
IEO: Pre-sale: till 1.09.2020, IEO (BTC-Alpha): 1.09.2020
Pre-sale Price: 0.5 USD per 1 KRG
Supported Wallet: You can visit here and proceed to the web-based wallet for ERC-20 tokens.
Exchange: BTC-Alpha and Coinsbit
Revenues accrued from the hotel business in the future will be used for a phased buyback of KRG tokens. This will reduce the total supply of KRG in circulation and boost token demand and value.
CONCLUSION
Blockchain technology and cryptocurrency are proving to be the top innovations of the last decade, and is currently utilized in many sectors around the world to profer solutions and improve efficiency.
Karagandy Hotel & Office complex through KRG token- a crypto asset backed by real estate is improving the ease of investing in the real estate sector, helping investors maximize their returns.
This native token allows investors to invest, and rent its properties in maximum convenience and transparency.
From providing one of the best office and hotel options for a comfortable and cozy stay for travelers and tourists; to improving the security and transparency in commercial real estate, creating an opportunity for real estate dealers to maximize their profits, KRG is redefining what real estate used to be!.