BIG Token 2.25/5 (1)

BIG Token

Cryptocurrency With Real Value
BIG Token - World's first ICO to fund existing landowners in building condominiums and hotels. Contributions are secured and 100% backed by prime land which are already owned. BIG Tokens can be utilised to purchase condominiums and hotel services at preferential rates, driving demand for BIG Tokens and enhancing the token value. BIG Token is committed to buy back tokens from our contributors one year after the completion of ICO - providing our contributors additional value.


2.3

HypeSecurityTeamVision
2.02.02.03.0



STATUS: Ended
TokenBTK
Price in ICO1 BTK = 5000 ETH
CountryBritish Virgin Islands
ICO start27 Feb 2018
ICO end3 Aug 2018


  • ABOUT
  • TEAM
  • MILESTONE
  • FINANCIAL
  • SECURITY
  • MEDIA

The issue with digital tokens is that they do not have intrinsic value, or an actual physical asset backing them. Fiat currencies are also fundamentally promises by governments of each country to fulfill their obligations to accept legal tender. More paper money can be printed should the need arise and be circulated publicly.

BIG Token Limited (a company limited by shares registered in the British Virgin Islands with company number 1965365) aims to disrupt the current ICO space, by offering our own tokens, BIG Token – a cryptocurrency with real value backed by prime real estate assets owned by our land sponsors via an Initial Coin Offering.

This reversion to asset-backed currency was last seen in the Gold Standard Act (passed in 1900 establishing gold as the only standard for redeeming paper money), with prime real estate being the underlying asset of BIG Tokens, solve three main challenges:

1. BIG Tokens have real value backed up by prime real estate assets. The tokens have a base value that is equivalent to the equity value of the real estate assets, and tokens can only be issued with real estate backing at an equal value basis. We follow strict corporate governance guidelines to ensure the integrity of the BIG Tokens framework.

2. Due to scarcity and land being a good hedge against inflation, prime real estate is a good store of value over the longer term. Prices do move in a cyclical manner, but each recovery has typically recorded higher prices than the previous high, and over a longer time horizon, land prices have always trend upwards.

3. Land sponsors are also committed to accept BIG Tokens as a mode of payment for goods and services at their developments.

The collective monies are issued as a loan to the land sponsors to further develop and build, and to enhance the value of the real estate assets. The net interest and loan repayment less operational costs (including platform cost) is then used to buy back BIG Tokens from the open market a year after completion of ICO to maintain price stability. Both land sponsors and contributors will benefit; with land sponsors enjoying a lower cost of funds, and contributors enjoying a higher token value due to the reduction of supply in the open market. Not only are BIG Tokens going to be listed on a cryptoexchange, the land sponsors are also committed to accept BIG Tokens as a form of payment at their premises upon the completion of the land development for services such as hotel accommodation, co-working spaces, health and wellness outlets, and all food and beverage outlets across both ours and our associates’ businesses in Southeast Asia. Land sponsors will also accept BIG Tokens for completed properties, this marks a first where cryptocurrency will be accepted as payment for commercial and residential real estate.

In addition, BIG Token Limited commits to buy back tokens at 15% above the issuance price using the net interest received from the loans to the land sponsors and the principal repayments of the loans one year after completion of ICO. BIG Token Limited will also conduct open market operations to maintain token value. Details of the whole project is outlined in the next section.

This project is backed by our land sponsors with a total of 74,822 square meters of prime seafront, beachfront and riverfront land. They (listed in Point 2) have agreed to form a new parent company to jointly build and manage Japanese-themed high-valued properties under a common brand, targeting business travelers, vacationers, and start-ups with regional aspirations. Properties to be developed are spacious and homely, with luxury fittings and fixtures as well as a range of sophisticated features designed to maximize independence and accommodate practical living. Each project will blend faithfully with a local environment that is unique to individual cities, as well as to drive adoption of the five pillars of a shared economy - co-work, co-live, co-learn, co-health and co-fitness, to employ a crowd-sourced business model for its development plans (See Appendix B for more details on the design of the buildings).

Team

TEAM
Yen Ong
Strategy
Stephen Lee
Technology
Dilum Navanjana
Technology
Junice Liew
Marketing
Christopher Chua
Project Lead
ADVISOR

Milestones


  • INITIAL COIN OFFERING

  • LISTING OF BIG TOKENS ON THE CRYPTO-EXCHANGE

  • DEVELOPMENT OF BIG TOKENS PAYMENT PLATFORM

  • SPACE PLANNING, INTERIOR DESIGN AND CONSTRUCTION

  • ROLL-OUT OF PAYMENT PLATFORM AND HIRING OF MERCHANT ACQUISITION TEAM

  • ONGOING CONSTRUCTION, INTERIOR FITTING OUT, FINAL WORKS

  • BIG TOKENS ACCEPTED AT POINT-OF-SALES AT OURS AND OUR PARTNERS' BUSINESSES VIA BIG APP

Financial

Token
PlatformEthereum
Price in ICO1 BTK = 5000 ETH
Investment Info
AcceptingETH
Tokens Distribution80% - Public ICO
20% - Reserved
Soft cap3,000,000 USD
Hard cap32,000,000 USD

Security

Legal entity

Registered Address: Bangkok, Thailand

https://opencorporates.com/companies/th/0105546040946

Prehistory of project

No prehistory were found

Product or its MVP

According to the roadmap, development of the platform is planned for Q3 2018. No other MVP were found

Blockchain experience

No blockchain experience were found

Escrow

No escrow information were found

Comments

Update: 08.04.2018

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