30 Apr Milcoin, the Hank’s cryptocurrency based on resorts
Milcoin, the Hank’s cryptocurrency based on resorts
They project that it be the first second-generation digital asset, backed by tourism infrastructure developments on beaches; they estimate that their value exceeds that of bitcoin.
Two heirs of one of the most identified surnames in the Mexican business environment put their eye on the cryptocurrency market. César Hank Inzunza and Cuauhtémoc Hank Myers have a new project called Milcoin, a digital currency that, they hope, will be the first of its kind: a “second generation” with more value than Bitcoin.
The name of the project is Milcoin. According to the company that carries it out, its advantages over other digital assets are basically in its support. While a cryptocurrency such as Bitcoin bases its strength on the trust that its users have in it, Milcoin has real support.
Steven Schwartz, Strategic Marketing Advisor of the Milcoin Network, said in an interview that the value of the currency is backed by a real estate development and development of beachfront resorts. The procurement portfolio consists of 5 million hectares with more than 1,000 kilometers of beach in countries such as Mexico, the Bahamas and Colombia.
César Hank Inzunza is the grandson of Carlos Hank González, the teacher, former governor of the State of Mexico and tycoon who extended his financial empire to branches such as the financial sector, airlines and transport.
Characteristics of the investment
The structure of the investment is broken down into integrated blocks, with a total of 18,000 units. Each contains 32 financial instruments, 2,000 free trade milcoins and 2,000 shares for each of the seven companies that make up the project.
According to Schwartz, the company’s forecast is that the value of Milcoin will be at least 10,000 dollars, which is more than double Bitcoin (3,948 dollars). The shares of six of the seven companies will have a value of 150 dollars, and another paper for 250, of the matrix.
The investment required from foreigners interested in the Milcoin cryptocurrency is 1,000 dollars (around 19,159 pesos, at a price of February 19). For the people of our country, the cost is 250 dollars (4,789 pesos).
The firm uses its financial assets as a method to finance the acquisitions portfolio. This scheme allows you to achieve the objective without requiring debt. Meanwhile, investors benefit from a sophisticated instrument called the right of appreciation.
The right of appreciation is attached to each value of the project. It consists that, if any of them does not reach their estimated price, the investor will receive additional coins or shares at no cost to cover the disparity between the market price and the projected.
According to the company, this is the first time that a set of actions and a cryptocurrency has been used in this way. The company highlights that it has some sales restriction strategies that will help Milcoin reach its estimated value and even overcome it.
The process for Milcoin is regulated by the Securities and Exchange Commission of the United States (SEC, for its acronym in English). He was registered with César Hank as responsible, said Schwartz.