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MANILA, PHILIPPINES / ACCESSWIRE / November 21, 2020 / Tinaga Resorts Corp (TRC) confirmed that its Tokens went on sale on pre-sale on November 16, 2020 at www.tinagaislandresort.com.
This pre-listing sale is at 50% off ($0.10 per token) until $1 million worth of the tokens are sold, then the price increases to $0.20 per token.
This STO is the largest in Asia this year and the first such in the world involving a marquee beach resort. The beach was voted one of the best beaches in Philippines and our lot is the best lot on beach. https://www.pwc.com/ph/en/gems/calaguas.html.
The Tinaga Island Resort Token “TIRC”
The land valuation is $8.40M. Our budget is $12.6M to build the resort. The asset will continually appreciate as we secure a 5-star resort hotel management company, a world renowned architect, and then build the resort. Your ownership via the TIRC token is pro-rata of this valuation.
Additional revenue returns will commence from December 2021 by the ‘off-plan’ private sales of the luxury villas. The first stage approximately 20 villas will generate approximately $15M. Second stage will be another $30M in sales. The net income from these sales will be shared pro-rata with token holders in 2023-24.
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