The First Hotel Asset-backed ICO Cryptocurrency launching soon

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

 

 

ICO’s have taken a battering in the past year as regulation steps up and recently  Facebook Banned Bitcoin and ICO Ads, followed by the Twitter Ban.

 

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

Related news – Embedded Vault Announces new Embedded Exchange with “ICO all in One”

 

Download the free Bit-Media App from the Google Play or Apple stores.

Click below and get your FREE BIT-MEDIA APP

 

 

Are you a Bitcoin Believer?  Test your belief here – The Bitcoin Believers Business Manifesto

Please leave your questions and comments below:

Introducing you to the Embedded Vault

Turn your computer into a secure, encrypted hardware device

Download Embedded Vault here

 

 

 

What is EOT – Encryption of Things?