Place/Date: Monte-Carlo, Monaco - February 1st, 2018 at 10:30 am UTC · 3 min read
Contact: Daniel Golding, Source: Monaco Estates
Monaco estate is the new blockchain start-up that will be offering a cryptocurrency backed real estate rentals in Monaco, accepting rental payments in the form of Ethereum, Bitcoin, and Euros; making it the only rental service in Monaco accepting cryptocurrency.
Monaco Estates, implementing ethereum smart contracts on the blockchain, enables the company profits to be transparent, quick and evenly distributed amongst investors via Ethereum payouts each month. Using these monthly rental gains 60% will be shared via ETH to token holders, the future following 40% will be reinvested and be held as a reserve fund.
To aid in company transparency and investor security the directors and shareholders will not be able to take money from the company profits, and this will be evenly distributed via Monaco Estates native token MEST.
So far, cryptocurrency investments have been highly volatile and unpredictable. Real estate equates to over 60% of the worlds mainstream assets and is seen to be one of the most secure investments.
Backing the Monaco Estate token with some of the world’s most premium real estate assets ensures a solid return via capital growth and rental profits. This will bring to the market a less volatile cryptocurrency that can act as a longer-term investment opportunity for any cryptocurrency investors and much-needed portfolio diversification.
Monaco Estate’s 40% reinvestment policy ensures compounding and continuous growth over the years to come, promising the opportunity for higher future returns and profit shares in the future. The MEST tokens offer a genuinely passive income investment opportunity for even the smaller investors who wouldn’t usually be able to afford a full real estate investment.
Pre-Sale begins 1st May 2018.
Use of ICO Funds:
With the growing trend for global ICO regulations, the Monaco Estate ICO is ensuring it complies with Know Your Customer and Anti-Money Laundering regulations to ensure a smooth transition to fiat post-ICO.
Monaco has the highest density of millionaires in the world, making it one of the most sought-after real estate investment opportunities. The tax system in Monaco ensures higher profits are retained and that rentals are secure for more extended periods of time. MEST token holders will also benefit from priority rentals and discounted holiday lets in any of the apartment rentals owned by Monaco estate.
Disclaimer Monaco Estates is the source of this content. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest