What is KRG Token?
KRG token is a simple and transparent blockchain-based tool built to render investing in commercial real estate simple and secure. The total supply is 10 000 000, and Each token is supported by a $1 share of the dynamic market value of Hotel & Office. The token is now being sold on the crypto exchange.
Future business income created by the organization would allow KRG tokens to be steadily recycled from crypto exchanges—a mechanism intended to reduce the overall supply and valuation of KRG tokens in circulation. KRG tokens are eligible for buy at a reduced value of $0.5 per 1 token during pre-sale (until 1 September). The KRG token was published on the BTC-Alpha cryptocurrency exchange as of 1 September 2020 and traded for $1 per 1 KRG token.
Karagandy Hotel & Office complex
The Karagandy Hotel & Office building is a commercial property with 5 floors and a gross area of 10,000 sq.m. The 1st and 2nd floors are leased as store and office grounds, whilst the 3-5 floors are used by hotel rooms of a mixed kind.
Karagandy is a three-star hotel in the center of the city and is regarded to be an economy class which, along with convenient transport connections, gives an advantage in terms of customer traffic.
Tourism potential in Kazakhstan and the influence on the token
The direct output of the transport and tourism business contributed 5.6 percent of Kazakhstan’s total GDP in 2019. As per the official government plan released in May 2019, the aim is to reach 8% by 2025.
A rise in the number of visitors is projected to hit 9 million (incoming tourists) and 8 million (domestic tourists).
Tourism investments – is the token worth it?
Over the last decade (2009-2019), the total annual growth in investment in tourism and leisure firms amounted to 10% and, as per the findings of 2019, the increase in capital expenditure amounted to 46,2% per year.
At the end of 2019, foreign investment in tourism accumulated to 153.7 billion Tenge (approximately USD 368 million) and thus broke the record high in Kazakhstan’s past. Government finances accounted for 40.2 percent of gross expenditure, 46.2 percent of equity, and 13.6 percent of lent funds and bank loans.
The investment climate in Kazakhstan
The Central Asian nation of Kazakhstan aims to take advantage of its geographical position and to become the “New Silk Road” connecting China and Europe via Central Asia and Russia. Kazakhstan strives to become the investment hub of the Eurasian Economic Union.
Kazakhstan placed 25th among 190 countries in the World Bank’s Doing Business 2020 rating (in 2019 – 28th, in 2018 – 36th). Among the TOP-10 nations of the world, the country has metrics such as conformity with contracts and defense of the interests of minority investors.
Therefore, The KRG token is an extremely volatile crypto asset funded by a proven business: the Karagandy Hotel & Office complex in Kazakhstan. Investing your money in it can bring you luck in the long run.
For More Details About KRG Token :
Telegram Group: https://t.me/krg_eng
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Article by Anton De Mel