Looks like this is to fund the purchase of an offline casino with an ICO, not sure this is a problem needs to be solved by blockchain. Probably because ICO get money easier than the traditional channel also there is no shares offered.
Hello Rainbow!
Well short reply to your statement is yes & no.
Long answer:
Let's go from the part of blockchain and specifically Ethereum implementation. I completely agree that a big variety of projects don't need blockchains but still they can use them to leverage some parts of business model. In our case, we are fully focused on providing people the ability to game and gamble on and offline location, book a hotel with PVE tokens, spend the winnings in the restaurant and have a full emersive experience in the Providence Resort. We will have an exchange that will support the big cryptos for buy in (depending on our liquidity)
The next thing is that as we are removing CCs, we have this margin with which we can incentivise token holders to get a hold of PVEs as once they are on the location, every buy in with PVE gives you 1,5% more chips. Also distribution on quarterly volumes if you are a holder but more about it in the WP - Token Holder Benefits and Rewards.
Furthermore, since we are working with real-estate, we have already funded one part of the project and there are several pioneer investors involved, as well as Asset Management Company - Vlora. (aslo in WP)
However, some deals are still being made and after the Pre-Sale we will disclose all information regarding the location and permits (See roadmap above). So we want to time the whole disclosure before the MAIN TOKEN SALE as this is our main traget. We are by no means forcing anyone to participate in the pre-sale if they feel there is not enough information avaialble as we already have a circle of investors waiting for it but we try to encourage with 35% bonus on pre-sale + special deals for early investors (Branded Providence Gold & Silver Cards). Traditional shares are not offered in that sense but you 51% of the tokens is reserved for general token sale contributors.
Except raising funding, one big part of our Token Sale is to distribute brand awareness and engage as many people as early as possible because this will have large impact on our marketing, social proof and ongoing business operations as we will rely on actual guests arriving on location. After all we want to position ourselfs as the one and only physical casino & resort
Let me know if you have any questions!
