In an upcoming security-token-sale (STO), investors will be able to purchase a GKI token. This token will function as a security, and represents a share in the to-be-developed resort. Being distributed with the approval of island owner, Tower Holdings (who receive 12% of all tokens), the GKI token sale is a means of raising the funds needed for development. With an expected cost of $300 million, the development is expected to take place over the course of 5 years.
As with any security token, investors are essentially buying shares in the resort itself. This structuring means that the success of their investment hinges on the success of the resort.
Full details of the structuring of the token, and micro-economy envisioned for the island will be divulged in a yet-to-be-released Whitepaper. This is expected to be released in the coming weeks, prior to the opening of the STO itself.
The Great Keppel Island is a perfect location for such an endeavour not only because of its convenient location, but because of the natural beauty it has to offer.
The island already boasts some of the clearest waters in the world. In addition to this, the waters are complimented by 17 white sand beaches. Each unique and stunning. Furthermore, beyond the beaches, the island’s coastline boast many rock cliffs and unique topography appealing to the eye.
Spanning more than 14km2, there is plenty of room for future expansion on the island. This will be possible while retaining the natural beauty inherent to the Great Keppel Island.
This offer is based solely on information provided by the offeror and other publicly available sources.
The token sale or exchange event is completely independent of ICOholder. ICOholder is not involved in any way, including technical support or promotion.
We list token sales from entities with which we have no relationship to help users track overall activity within the token sector. This information is not intended as advice, and you should seek professional or specialist guidance or conduct your own due diligence before making any decisions based on our content.
Any terms and conditions regarding token acquisition are solely between contributors and the token issuer. ICOholder is not the seller of these tokens.
ICOholder is not legally responsible for any representations made by third parties about any token sale. Any claims for breach of contract must be directed against the listed token issuing entity.
If you have concerns about the nature, legality, or propriety of a token sale or the involved individuals, please contact info@icoholder.com with detailed information.