In a recent interview on CNBC with Kevin O’Leary from Shark Tank fame, he said is involved in a deal to allow a “very prestigious brand hotel” in New York sell ownership in the company. This will be done using a $400 million cryptocurrency offering instead of a stock IPO.
O’Leary could not reveal the name of the hotel yet because of a nondisclosure agreement, however, all will be revealed soon.
“Instead of a stock, a share, it’s a coin. With a smart contract approved by the SEC,” he said. “You will be an owner of a third of this hotel. If it works, it will be the first of its kind.”
Read the full article here – Kevin O’Leary: NYC hotel wants to use a $400 million cryptocoin offering to sell ownership like a stock
Check progress on ICO’s here – ICO Stats and What are the ICO Cryptocurrency Regulatory Guidelines?
Related news – ICO Pre-Sales Dominate Crypto Market making the Rich Richer
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