projects that I think have little explanation, I lack information what is the purpose of your project? and where is the information about your team?
The main issues of today’s crypto-currencies are three-fold: (1) they do not have an intrinsic value which means that their prices can drop to zero any time; (2) they are not a good store of value due to the high volatility of the prices; (3) they are an ineffective medium of exchange as few places accept this mode of payment due to the previous reasons.Every face-value dollar of BIG Token at issue price is backed by a dollar in equity of real estateBIG Token Limited (a British Virgin Islands incorporation) is launching the world’s first crypto-currency – BIG Tokens, backed by prime real estate that disrupts financial intermediaries. Every face-value dollar of BIG Token is backed by an equivalent equity value of the physical underlying real estate assets.
BIG Tokens are backed by prime real estate. Although prices do move in a cyclical manner, due to scarcity and land being a good hedge against inflation, prime real estate increases in value over the longer term.
We buy back tokens at market value subject to a 15% premium after one yearIf and when AFTER a period of one year from the issuing date, the price of the BIG Tokens falls below 15% of the issue price, BIG Token Limited is committed to buy back BIG Tokens from the market at the price of 15% above the issue price by using funds from the net interest received from the loans to the land sponsors and the principal repayments of the loans.
Compliance administered by Ministry of Finance regulated subsidiary of BIG GrpWith strict compliance and due diligence as the main objectives, BIG Grp Co., Limited (a Japanese incorpation) will work with our lawyers, land surveyors and custodians to ensure the integrity of the entire business framework, including placing a mortgage on the real estate assets as a collateral.
With traditional financial intermediaries removed, investors and land owners will benefit from having direct access to one another. Land sponsors borrow at a lower cost of funds, while contributors will enjoy a higher token value due to the open market operation by BIG Grp Co., Limited to buy back tokens using the net interest.
A token with genuine utility and intrinsic valueBIG tokens will be a vital part of BIG Token Limited’s shared economy. Land sponsors receive BIG Tokens as part of the loan and thus are committed to accept BIG tokens as a method of payment once their businesses are operational. BIG tokens will also be accepted at the operating businesses of our land sponsors and our partners such as hotel accommodation, co-working spaces, gyms, hot and cold baths, F&B outlets, golf courses, medical facilities, beauty salons, and external F&B outlets. Sales of residential apartments will also be launched in the future utilising BIG Tokens.
For more details, please refer to our whitepaper at
https://bigtk.io.