Published: Mar 05, 2018

Sosnovkino (SNK)

Website

Status

ICO

Secured by a land asset, a project of a cottage settlement with a quality infrastructure

Whitepaper

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Interest lvl

Updated: May 04, 2018

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User Rating

Medium

3/5 • 1 votes

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Ticker

SNK

FoundedRussian Federation

Registration countryRussian Federation

What is Sosnovkino

- According to founders Investing in Sosnovkino at the stage of ICO will make a profit of 300% with the estimated investment return period is two years - The land asset is not subject to inflation and volatility of the cryptocurrency, therefore it is a reliable investment tool. - Investors have total control at all investment stages over operations of the foundation. - Since December, 2018, after the completion of the construction of the engineering communications, all investors will begin to receive dividends monthly in the selected cryptocurrency on their accounts - After the end of the project and the sale of all land plots, all engineering communications and roads will remain in the foundation ownership. The income from the exploitation of this property will be annually paid to investors as dividends

Sosnovkino Roadmap

10.9.2017

The collected funds with the aid of the ICO are put on the Sosnovkino Foundation account in the Cayman Islands.

30.9.2017

Sosnovkino Foundation provides a loan to the Russian company Sosnovkino LLC which owns the land. Moreover, the Foundation owns 70% of the share capital of Sosnovkino LLC.

1.10.2017-30.6.2018

In October, 2017 Sosnovkino LLC under the contract transfers the funds for the construction of gas and water pipelines, electric and central sewage systems. The road works contractor starts construction in June, 2018.

12.2017

After voting in December, 2017, Sosnovkino LLC chooses a real estate agency and enters into a contract for sale with an established price policy.

Project Finish

Funds from the sales are distributed among investors excluding current expenses and remuneration to the project developers. The investors receive income in the selected cryptocurrency.