KRG token - is a cryptocurrency backed by a real estate business

Desember 22, 2020

KRG token

Annotation

KRG token is an Ethereum-based ERC-20 crypto asset backed up by real estate business: Karagandy Hotel & Office complex in the heart of Karagandy
city (Kazakhstan).

Future commercial profits generated by the business will allow for a phased
buyback of KRG tokens from crypto exchanges — a process aimed at reducing the total supply of KRG tokens in circulation and strengthening their value.

During pre-sale (until the 1st of September) KRG tokens are available for purchase at a discounted value of $0.5 per 1 token. On September 1, 2020, the
KRG token is to be listed on BTC-Alpha cryptocurrency exchange and sold at
the rate of $1 per 1 KRG token.

Tourism investments

Over the past decade (2009 - 2019), the average annual investment growth in tourism and entertainment enterprises amounted to 10%, and according to the results of 2019, the increase in capital investment reached 46.2% per year.

By the end of 2019 direct tourism investments amounted to 153.7 billion Tenge (approximately 368 million USD), thereby breaking the record level in the history of Kazakhstan. Government funds accounted for 40.2% of the total investment amount, 46.2% accounted for equity, and 13.6% were borrowed funds and bank loans.

Investment climate in Kazakhstan

The Central Asian nation of Kazakhstan seeks to profit from its geographical location and become the “New Silk Road” linking China and Europe through Central Asia and Russia. Kazakhstan aims to become the Eurasian Economic Union’s investment center.

In the Doing Business 2020 rating from the World Bank, Kazakhstan ranked 25th among 190 countries (in 2019 - 28th, in 2018 - 36th). The country is in the TOP-10 of the world countries in such indicators as compliance with contracts and protection of the rights of minority investors.

Token specifications