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 on information provided solely by the offeror and other publicly available information. The token sale or exchange event is entirely unrelated to ICOholder and ICOholder has no involvement in it (including any technical support or promotion). Token sales listed from persons that ICOholder has no relationship with are shown only to help customers keep track of the activity taking place within the overall token sector. This information is not intended to amount to advice on which you should rely. You must obtain professional or specialist advice or carry out your own due diligence before taking, or refraining from, any action on the basis of the content on our site. Any terms and conditions entered into by contributors in respect of the acquisition of Tokens are between them and the issuer of the Token and ICOholder is not the seller of such Tokens. ICOholder has no legal responsibility for any representations made by third parties in respect of any Token sale and any claim for breach of contract must also be made directly against the Token issuing entity listed herein.
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