HONG KONG SAR
- Media OutReach - 26
July 2021 - LABS Group, an end-to-end blockchain
property investment platform, has successfully raised $3,650,000 for Kunang
Kunang Resort. Kunang Kunang Glamping Resort is the world's first-ever
community-owned project fractionalized into Rewarding Timeshare (RTS) NFTs,
transforming the way investors build their diversified portfolio, with access
to diverse assets, low transaction costs and the ability to trade 24/7.
auction will supply 1095 RTS-NFTs, with each day of the calendar year
represented by 3 RTS-NFTs. Interested parties will be able to purchase RTS-NFTs
with lower entry barriers and a wealth of benefits.
fractionalizing Kunang Kunang Resort, LABS Group makes resort and hotel
investment available for everyone. As quoted by Yuen Wong, the CEO of LABS
"LABS is a digitised real estate investment
ecosystem powered by blockchain. With that, we make real estate investment
possible for everyday investors. We could bring deals directly to everyday
investors, cutting out the middlemen to bring extra value. Furthermore, LABS
has made cross-border real estate investment easy, and has carried out all the
due diligence for our investors."
The RTS-NFT Auction
Kunang Kunang project's
newly revamped auction will commence from July 26th, 2021. Bidders can
participate through two methods: the auction or an immediate purchase.
The auction will
last for 6 days starting from July 26th at 1PM UTC. Interested bidders can bid
for their desired RTS-NFTs at the Refinable Marketplace, where 365 RTS-NFTs
will be available at the starting price of $3333 USDT.
730 RTS-NFTs will
be reserved for immediate purchase from July 26th 1PM UTC onwards with a
starting price of $3999 USDT. Seasonal prices could vary however, as RTS-NFTs
from July to September are fixed at $4333 USDT while RTS-NFTs that fall on
special days are fixed at $4666 USDT. To understand more regarding the project,
RTS-NFT Benefits and Rewards
are entitled to a miscellany of benefits. This includes 30 years of staying rights, freedom to swap, trade and more.
Additionally, the first 100 bidders can win a 200 USDT rebate by placing any
first bid on the RTS-NFT auction.
holders also receive a special NFT holder privileges package during their stay
at the resort on their RTS-NFT date, including:
transport to Kunang Kunang Resort
Breakfast for two
off on any onsite consumption
off on any off-site consumption (i.e. excursion, local tours)
Pipeline and Development Plan
Resort is in preparation for its opening in February. LABS Group will also
continue to move forward with plans to expand their real estate business with
more resorts globally, this includes prospective plans in Thailand, Cambodia,
Indonesia, and Japan. With determination to spread their success globally, LABS
Group will be a spectacle to behold in the coming years.