Tinaga Resorts Launches Beach Resort Backed Securitized Token Offering

MANILA, PHILIPPINES / ACCESSWIRE / November 9, 2020 / Tinaga Resorts Corp (TRC) today announced that it has issued a Securitized Token Offering “STO” to raise $10.60 million for the development of a 5 star beach resort. Tokens go on sale on November 16, 2020 at www.tinagaislandresort.com.

This STO is the largest in Asia this year and the first such in the world involving a marquee beach resort. The beach was voted the #1 beach in Philippines by Price Waterhouse Coopers “PWC” and our lot is the best lot on beach. https://www.pwc.com/ph/en/gems/calaguas.html.

The Tinaga Island Resort Token “TIRC”

Market Cap and Valuation:

The initial market cap is $19M. The land valuation is $8.40M. Our budget is $10.6M to build the resort. The asset will continually appreciate as we secure a 5-star resort hotel management company, a world renowned architect, and then build the resort. Your ownership via the TIRC token is pro-rata of this valuation.

Income:

Additional revenue returns will commence from December 2021 by the ‘off-plan’ private sales of the luxury villas. The first stage approximately 25 villas will generate approximately $12.5M. Second stage will be another $25M in sales. The net income from these sales will be shared pro-rata with token holders in 2023.

Driving Token Value:

From the outset, we will drive value in the token but revealing partners (architects, interior designers, etc.) adding exchanges, revealing the ‘green paper’, 5-star hotel management company and a host of other announcements.

Resort Operations:

The Tinaga Luxury Resort will begin operations in approximately December 2024. Once operational, the token will generate profit from the hotel operations.

Summary:

Ownership in TIRC Tokens allows you to enjoy income from the villas sales and hotel operations. And the appreciating real estate asset as we secure hotel management, an architect, interior designers etc.

This digital security was issued on the Ravencoin Blockchain.

“We are thrilled to see the Tinaga Resorts TIRC digital security on the Ravencoin Blockchain”, said Tron Black, lead developer of Ravencoin. “Tokenizing and trading private securities like TIRC will be the future model that will enable broader investor access, provide liquidity optionality, and reduce the cost of capital.”

We will start selling TIRC on November 16, 2020 on our website at $0.10 per token (50% discount). TIRC token sales (with limited pre-listing discount) will go on sale November 16, 2020 until the allocation of US$1 million is sold out.

TIRC intends to trade its token on the CryptoSX exchange in Q2, 2021.

CryptoSX is a fully licensed and regulated Digital Assets Exchange that allows issuers to tokenize and investors to buy and sell digital assets including assisting issuers to securitize assets, such as public company securities, real estate, art, antiques and other valuable assets. The Exchange recently integrated itself with Ravencoin to accommodate STO’s utilizing its blockchain. Along with its existing Ethereum platform, it intends to become fully compliant with the U.S. Securities and Exchange Commission and with FINRA. CryptoSX welcomes companies from around the world to securitize their assets, raise capital for business development and expansion and as a platform for secondary trading.

For more information about STO’s please click on this link: https://link.medium.com/Ttu2cLrZQ9.

About Ravencoin

Ravencoin (RVN) is a decentralized peer-to-peer network designed to efficiently handle one specific function: the transfer of assets from one party to another. Built on a fork of the Bitcoin code, the proof-of-work Ravencoin platform was launched January 3rd, 2018 and is a truly open source project (no ICO, no pre-mine, no masternodes). It focuses on building a useful technology, with a strong and growing community.

https://medium.com/@ravencoin/ravencoin-4683cd00f83c.

About CryptoSX

With the empowerment of world-leading technologies, CryptoSX is building a cutting edge crypto exchange platform for STOs backed by Fiat/Crypto conversion capabilities. They are significantly involved in assisting companies in STO primary listings, STO secondary trading and to develop and launch a substantial decentralized finance “DeFi” business, including crypto lending. CryptoSX is compliant with all of the applicable financial and virtual exchange policies and regulations of the Philippine government under CEZA (Cagayan Economic Zone Authority). CryptoSX was awarded a Full Principal License by CEZA in 2018. Since then, CryptoSX has been working very closely with CEZA to further develop and enhance the STO listing procedures, compliance and reporting requirements. It is one of the very few exchanges that is operating with such a relevant license in Asia.

For more information on CryptoSX please visit: www.cryptosx.io.

About Tinaga Resorts Corp.

Tinaga Resorts Corp “TRC” is a Philippine corporation implementing the latest environmental technology, combining green development with responsible eco-tourism and is exercising responsible stewardship over its natural environment. Tinaga island is a showcase of pristine clear blue water and unspoiled virgin white sand beaches. In recognition of a 100% green sustainable development, TRC strives to maintain a delicate balance between achieving tourism development goals and conserving the islands fragile environment.

TRC has incorporated the use of sustainable bamboo and coconut timber, along with concrete pillars and base in the construction of its villas and structures. Bamboo is a fast growing grass combining the hardness of a mild steel and the strength of concrete. The resort’s energy needs are derived from 100% renewable sources: solar power and methane gas from a biomass converter. Solar hot water heaters are installed on each villa roof and a 100% biodegradable sewage system reuses recycled water for irrigation.

As one of the most stunning and undiscovered islands in the Philippines, Tinaga, has lovely stretches of virgin white sand beaches with crystal clear blue waters. The beach and surrounding waters are ideal for sunbathing, swimming, snorkeling, scuba diving, water skiing, sailing, and or fishing or just relaxing in a hammock by the pool.

Investor Notice

Investors should note that trading digital securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, no assurance of liquidity which could impact the price and ability to sell, and possible loss of principal invested. Further, an investment in single digital security could mean lack of diversification and, consequently, higher risk.

Please visit: www.tinagaislandresort.com
Please join our Telegram Community :t.me/tinagaislandresortchat

For Media and/or Investor Relations inquiries:

Angeline Mbogo,
Telegram: @cryptocode_56
Email: info@tinagaresorts.com
Or Call Dennis Burns Tel +1 (567) 237-4132

SOURCE: Tinaga Resorts Corp

Total
0
Shares
Leave a Reply

Your email address will not be published. Required fields are marked *

Related Posts
Read More

强强联手-Cryptosx与泓泰资本奋力推进证券代币市场发展

 近日资本市埸热点之一,是亚洲银行、美国银行金融集团旗下的泓泰资本与CYRPTOSX数字资产交易所宣布强强联手,奋力开拓和推进证券代币市埸发展,范围将涵盖证券化代币首次发售、二级市埸代币安全合约交易以及数字资产财富综合管理等诸多资本领域。 特别令市埸关注的是,泓泰资本作为CRYPTOSX证券代币面向专业投资人的主要合规经纪,将通过扩大私募股权投资规模,利用大中华区、东南亚和中东地区市埸优势,发掘出新的市埸盈利机会。同时,受益于CRYPTOSX证券代币现有的增长潜力和退出机制,泓泰资本的全球营销网络将积极开辟并发展全新类别的代币数字资产,以满足市埸日益增长的强大需求。 泓泰资本主席兼合伙人Ian Wen强调:“我们和我们基金的投资合伙人都坚定相信,资产数字化将是未来金融资本市埸融资的主要手段,而与CRYPTOSX一起合作和拓展将会是成果丰硕。我们巳经获得柬埔寨王室的正式授权,许可我们扩展在柬埔寨的业务并将设立柬埔寨发展基金,对柬埔寨的基础设施和房地产项目建设进行支持,为此,我们积极探讨并已经开展工作,通过资产代币化的方法,让更多的市埸投资者以更低的投入就可以参与到这些基建项目的融资,并得到市埸化的回报。“ 泓泰资本主席兼合伙人Ian Wen特别指出:”请特别关注,目前我们正与共同投资人银团资本合作,通过开发英国的电子贷款解决方案(Stepladder),以及在钻石数字资产基金支持下,积极发展我们的金融科技产品和业务。 例如,各位即将见证到我们在香港独家承销由ESG和绿色元素共同开发的房地产项目,更因它是香港首个纯绿色基金,必将备受到市埸追捧和资金关注支持。“  市埸关注到,在过去的仅仅12个月当中,Cryptosx数字资产交易所巳经面向合规的专业投资人完成了3个证券代币化项目的上市交易募集,包括:苏格兰第一麦芽威士忌投资项目、秘鲁铜矿资产数字化项目和柬埔寨农业生物技术项目。CRYPTOSX交易所已经向市场发布,接下来的资产证券化募集项目将更激动人心,包括:香港钻石资产项目、美国干细胞科技项目、美国房地产项目、菲律宾合约农场项目以及菲律宾度假酒店项目等等服务全球各地市场的项目。 CRYPTOSX交易所已经出色地为市场资产交易带来全新的流动性和可选择性,而它著名的FBH金融平台巳经成为当前市埸中炙手可热的资产证券代币化一级上市市埸和二级流通交易市场。  CRYPTOSX交易所联合创始人兼CEO,Philip Tam接受媒体采访时指出:“我们非常高兴能与泓泰基金进行合作,此番合作为我们的客户从亚洲的专业投资机构、家族基金、PE机构直接获得资金募集提供了支持;同时,通过泓泰基金在区域地区的强大服务网络和影响力,将完善和增强我们的市埸布局。 ”  关于Soteria Capital泓泰基金 泓泰基金是由亚洲银行联合投资的创新机构,并由银行业资深人士共同创立;主要业务涵盖银行业务、资本投资、金融科技以及相关金融法律服务。泓泰基金紧紧把握大中华区、东南亚和中东等传统优势市埸的同时,积极拓展其PE市埸。通过加强与政府、王室、基金机构以及高净值人群的深入合作,为其客户提供了独特的、有针对性的和高效的交易服务和投资机会,并包括传统的专业银行服务、创新的金融科技服务以及支付结算服务。 关于Cryptosx 得益于世界领先的系统科技,CRYPTOSX 数字资产交易所成功建立创新的STO…
Close Bitnami banner
Bitnami