Kevin O’Leary Asset-Backed Hotel ICO Cryptocurrency Set to Launch
The cryptocurrencies have truly shaken the market as everyone wants to get a piece of the pie. We are sure you are also curious about the increasing demand that is surrounding the crypto market. So just read on as we find out what is hot in all topics crypto market.
The New Deal in New York
New York City will be shaken by the new agreement that is brewing, and it has the top investors in the mix. Kevin O’Leary is one of the people you should look out for. He is working on a deal that should allow a top prestigious hotel to sell ownership within the company. But that's not what is fascinating about this deal; it is a fact the sale will be through a $400 million crypto offering.
Yes, you read that correct, the crypto market is also getting into company shares, for sure no industry wants to be left behind. Instead of having a stock IPO of the hotel, the ownership will be sold through the cryptocurrency offering.
O’Leary is not able to disclose the name of this prestigious hotel just yet, due to the non-disclosure agreement. But instead of selling a stock, it is a coin that will be sold. Once SEC approves the smart contract, you will immediately have a stake in this prestigious hotel. And if this deal works, it will truly be the first of its kind in the crypto market.
Why we say it will be the first of its kind is because a typical coin offering will sell the digital tokens. But in this case, when you purchase the coin, you will have ownership stakes in the company, just like shares.
O’Leary further says the asset-backed ICO for the hotel will still adhere to the government rules on securities. They will also offer the prospective investors with the needed material they would get with a stock initial public offering.
The company apparently knows there is a change that is coming in the market because very soon the asset-based coins will quickly replace the small-cap stocks. O’Leary also said the ICOs that have been backed by real estate would allow various companies to avoid many of the middlemen found on Wall Street and just sell directly to the hungry investors in the market.
It definitely sounds like good news for both the investors and sellers, since without the middleman there is a lot of costs that have been reduced. Therefore, more money in your wallets whenever you are making a transition.
The first fortune that O’Leary made was by selling The Learning Company, which was first called Sofkey. He started this company just in his basement and was able to make $4 billion from it. He definitely has the skill to make money, so if he says this is the new big deal that is going to rock New York City, do not be left behind speculating on it.
It Is a Definite Buy From Us!
So nothing will be different, your funds are safe, instead of shares you are merely buying a coin to get a stake in the company. This is quite an exciting opportunity that has presented itself, something you should keep an eye on and ensure you are part of it once the prestigious hotel’s name has been announced.