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Resort Land Coin

ICO

Resort Land Coin provides a channel to crowdsource land investment, allowing smaller investors to own part of a parcel of land and reap the benefits of their investment, by leveraging the technology of the blockchain and Ethereum smart contracts.

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Overview

Project industryReal Estate
Product typePlatform
WhitepaperResort Land Coin White Paper Open

What is Resort Land Coin

Resort Land Coin allows investors to buy any percentage of an available plot of land or resort real estate that is listed on the Resort Land Coin platform through Resort Land Coin tokens - RLCX. Major decisions around managing or monetizing the asset (e.g. developing, leasing, selling) are proposed and voted on via an Ethereum democratic contract, where 1 RLCX equals 1 vote. Investors also receive returns on their investment in proportion to their initial investment. Resort Land Coin also administers the sale of property for individual landowners, acting as a low-fee agent. All an investor or seller has to do is track their RLCX balance on the Resort Land Coin platform.

Details

Pre-sales: Jul 13, 2018 - Aug 13, 2018
Soft cap: 10,000ETH
Hard cap: 5,815,000 USD(fiat)

Legal

Registration country: Brazil

Token info

Ticker: RLCX
Type: Utility-token
Token price in USD: 1 RLCX = 0.29577 USD
Accepted currencies: ETH
Bonus program:
20% - Pre sale
Token distribution:
30% - will be offered in the crowdsale
25% - will be retained by ResortLandCoin
45% - will be kept as a reserve liquidity fund
Funds allocation:
50% - Collect votes on a property to crowdsource
50% - Select the top 5 proposals based of feasibility

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Resort Land Coin web-site

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