Place/Date: Russia - January 6th, 2018 at 6:03 am UTC · 3 min read
Source: Crypto Patriot
Typically, a project that starts with an ICO consists of cryptos and blockchain resources. However, projects that belong to the real sector of the economy also have the use of the ICO to collect the necessary funds. One of the advantages of the case is the fact that the money collected is based on a physical project, and not a digital space.
CryptoPatriot expanded the fund to build a shopping and entertainment center in Tyumen, Russia. The team plans to build a shopping center with the help of investors investing in the project by getting the PPMT tokens and then they will be able to earn dividend on the lease purchase or to sell the tokens to the projects crypto exchanges.
The concept of shopping and entertainment center follows: the market ground floor will be used by the farmers to attracts many buyers interested in natural products. The Patriot Mall should be the first project in the East Administrative District of Tyumen because the district has not yet acquired a commercial facility that combines different stores. Then, the team hopes to attract more buyers and suppliers.
According to the plan, the shopping center space is 35,194.3 square meters. In the meantime, the authors of the project concluded the collaboration of most potential tenants. Organizers also signed agreements with agricultural companies in the Tyumen region. The project-funded company has spent $ 5 million, but to complete the commercial plan to issue internal records and use the ICO to collect the 9,450 ETH necessary tokens. Project sponsors believe that the shopping center will start operating one year after collecting the necessary funds. Regarding the first dividends, investors will receive it three months after the shopping center is open.
The main component of the CryptoPatriot project is the Patriot Project Mall Tokens (PPMT) which consists of a gross leaseable area in the commercial center built: each PPMT will reach 0.01 square meters. Therefore, every token holder has the right of a lease area and receives dividends from replacing the lease space investment.
Project sponsors testify that the investment model is similar to a hybrid (a combination of stocks and real estate investment) and flexible, providing many tools to pay for the first investment.
The tokens will only be provided once, at the base of the Ethereum platform. The total number of tokens that can be used is estimated at 1.5 million. 99.5% of tokens will be distributed on crowdfunding structures, while 0.5% will be used for reward programs. During the ICO period, 1 Ethere token can be made at 140 PPMT. Thus, during the pre-salet until December 15, 2017, there is a bonus system for obtaining tokens. ICO itself will start on January 10, 2018.