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Real estate Real Estate Others Finance / Real Estate Finance

KexCoin

Ended
Ended: Oct 14, 2017

Blockchain Enabled Student Property Project For All

KexCoins - tokens issued via a crowd fund. The funds raised through the sale will purchase high yielding student real estate. Rental profits will be used to buy back tokens from participants before being destroying, thus raising the value of KexCoins. In addition the Kexcoin token will be used as a commodity for rental payments in the student accommodation sector.

KexCoins - tokens issued via a crowd fund. The funds raised through the sale will purchase high yielding student real estate. Rental profits will be used to buy back tokens from participants before being destroying, thus raising the value of KexCoins.

Blockchain Enabled Property Investing. KexCoins are cryptocurrency tokens issued to participants via a crowd fund. Those funds are then used to buy investment properties in the United Kingdom which bring reliable returns.

Introducing student accommodation to the blockchain

A Blockchain Enabled Property Project

$1,113,751.00 raised. KexCoins are cryptocurrency tokens issued to participants via a crowd fund. Those funds are then used to buy in the student investment property market which bring reliable returns. The funds raised through the sale of KexCoins will purchase high yielding student properties. As these properties generate rental profits we will begin buying back KexCoins from participants and then destroying them, thus raising the value of all remaining KexCoins

Website

kexcoin.com

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Intro Video

ICO Details

Ticker Symbol:
KEX
Platform
Bitshares
Accepts:
BTC
Hard Cap:
8,500,000 KEX
Country:
United Kingdom
Total supply
10,000,000 KEX

Public Crowdsale

Ended
Date Sale:
Sep 15, 2017 — Oct 14, 2017 @ 29 days
Sale Avalable Tokens:
8,500,000 KEX @ 85.0%
Price:
1 KEX = 14.25 USD

Token distribution

property purchase 100.0%

ICO Overview

KexCoins are cryptocurrency tokens issued to participants via a crowd fund. Those funds are then used to buy in the student investment property market which bring reliable returns. The funds raised through the sale of KexCoins will purchase high yielding student properties. As these properties generate rental profits we will begin buying back KexCoins from participants and then destroying them, thus raising the value of all remaining KexCoins

KexCoins - tokens issued via a crowd fund. The funds raised through the sale will purchase high yielding student real estate. Rental profits will be used to buy back tokens from participants before being destroying, thus raising the value of KexCoins. In addition the Kexcoin token will be used as a commodity for rental payments in the student accommodation sector.

About KexCoin KexCoin is supported by an existing infrastructure, an award winning UK student property company, with over £120m in assets and 39 year history in the student market (see www.kexgillgroup.com). In short, our team, is experienced, long standing with leading figures in the student accommodation industry. Our planned purchases will make use of infrastructure that is already in place and available immediately. This means that there is little or no development time or cost to this infrastructure. What we are offering has never been offered before and we are excited about the opportunity to pioneer this project. KexCoin, set up as a UK registered company, makes us trustworthy, transparent and here for the long-term. Very few other ICOs can offer such security. This is an exciting and lucrative opportunity for those that join the movement. Our investment formula includes strict benchmarking parameters to be met in all investments. Gross yields on the properties we purchase are expected to be around 8-15%. The Shareholders are bound by the Articles of Association of this UK domiciled company and need to act in accordance with them in conjunction with a robust corporate governance structure. This will be a well-run corporate entity having full disclosure. We are acting in the interests of the participants with a view to driving an increase in value of the coinage. The Articles of Association include: There is an absolute prohibition on the declaration of dividends. The value for the Shareholders is within our initial coin holding and we are quite clear that funds within the Company should be ring-fenced for the purchase of student investment property. These properties to be held until 2047. There is a prohibition put on the transfer of Shares without the consent of all other Shareholders. This does not and cannot preclude the sale of all of the Share capital of the Company if all Shareholders agree, but it does mitigate the possibility of that happening to the best extent that we can. The provisions in the Articles of Association are entrenched. Entrenchment means that a provision cannot simply be amended by the passing of a Special Resolution of the Company, which requires 75% of the Shareholders to approve it, but by all of the Shareholders. The Directors cannot authorise the purchase of an asset without the approval of the Investment Committee which will include an independent Chartered Surveyor with appropriate experience of the type of asset being purchased.

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Team

Micheal Lee
Chairman of the Kexgill Group
Richard Stott Bsc Mrics
Group Managing Director of Kexgill
Dr Micheal Lee
Chairman of the Kexgill Group
Richard Stott
Group Managing Director of Kexgill
Simon Lee
Kexcoin Founder and Visionary
Chris Coney
Consultant and Chief Technical Officer
Dr. Michael Lee
Chairman of the Kexgill Group
Michelle Fang
Financial Analyst and Mandarin Speaker

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