KexCoin

KexCoin

Created using Figma
Created using Figma
Blockchain Enabled Property Investing. KexCoins are cryptocurrency tokens issued to participants via a crowd fund. Those funds are then used to buy investment properties in the United Kingdom which bring reliable returns.
Risk: High
Sep 15, 2017
Oct 14, 2017
100% completed
$1 113 751
100% goal completed
past
  • 1 KEX
    =
    0.002 BTC
Token Details
Ticker
KEX
Company Details
Registered Country
United Kingdom

About KexCoin

KexCoin is supported by an existing infrastructure, an award winning UK student property company, with over £120m in assets and 39 year history in the student market (see www.kexgillgroup.com). In short, our team, is experienced, long standing with leading figures in the student accommodation industry.

Our planned purchases will make use of infrastructure that is already in place and available immediately. This means that there is little or no development time or cost to this infrastructure. What we are offering has never been offered before and we are excited about the opportunity to pioneer this project. KexCoin, set up as a UK registered company, makes us trustworthy, transparent and here for the long-term. Very few other ICOs can offer such security.

This is an exciting and lucrative opportunity for those that join the movement. Our investment formula includes strict benchmarking parameters to be met in all investments. Gross yields on the properties we purchase are expected to be around 8-15%.

The Shareholders are bound by the Articles of Association of this UK domiciled company and need to act in accordance with them in conjunction with a robust corporate governance structure. This will be a well-run corporate entity having full disclosure. We are acting in the interests of the participants with a view to driving an increase in value of the coinage.

The Articles of Association include:

  1. There is an absolute prohibition on the declaration of dividends. The value for the Shareholders is within our initial coin holding and we are quite clear that funds within the Company should be ring-fenced for the purchase of student investment property. These properties to be  held until 2047.
  2. There is a prohibition put on the transfer of Shares without the consent of all other Shareholders. This does not and cannot preclude the sale of all of the Share capital of the Company if all Shareholders  agree, but it does mitigate the possibility of that happening to the best extent that we can.
  3. The provisions in the Articles of Association are entrenched. Entrenchment means that a provision cannot simply be amended by the passing of a Special Resolution of the Company, which requires 75% of the Shareholders to approve it, but by all of the Shareholders.
  4. The Directors cannot authorise the purchase of an asset without the approval of the Investment Committee which will include an independent Chartered Surveyor with appropriate experience of the type of asset being purchased.

Features

- When the ICO is complete and after the snapshot has been performed, Kexcoin tokens will be accepted for any Kexcoin or Kexgill group property for the use of paying rents.
- Kexgill, an associated company to Kexcoin has been investing and growing its European portfolio for almost 39 years. It is a student accommodation specialist see www.kexgillgroup.com.

KexCoin Roadmap

  • May 2017

  • Kexcoin project conceived
  • July 2017

  • Kexcoin whitepaper
  • August 2017

  • Launch of Kexcoin.com website & social media
  • 15th August 2017

  • Due diligence & marketing campaign
  • Read More
  • 15th September 2017

  • The start of the crowdsale
  • 15th October 2017

  • Crowdsale closes
  • November 2017 onwards

  • Property identification & purchases commence

Activity

Followers:
3 647
MEDIUM
Tweets:
123
MEDIUM
30 Days Growth:
-9

KexCoin Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Chris Coney
Consultant and Chief Technical Officer
unverified
Richard Stott
Group Managing Director of Kexgill
unverified

2 ICO

$3 613 751

Simon Lee
Founder
unverified
Michelle Fang
Financial Analyst and Mandarin Speaker
unverified
Dr Micheal Lee
Chairman of the Kexgill Group
unverified

KexCoin Last News

2.50
risky
5.0 16
ICO Profile Vision Activity Potential Product Team

KexCoin Reviews

bitcoinexchangeguide.com
reviews

KexCoin is a combination of old school property professionals and cutting-edge blockchain technology. Made by a UK-based property company with nearly 40 years of experience, KexCoins will be used to finance property development projects across the UK. The tokens can also be used to pay for rent at Kexgill Group-managed properties across the United Kingdom. Today, the company maintains over 120 million in assets – including student accommodations in cities across the country.

Read More
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