A new form of investment in commercial real estate through ICO has appeared in Belarus – Bits Media

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В Беларуси появилась новая форма инвестиций в коммерческую недвижимость через ICO - Bits Media

The REIT Industrial company announced the start of the initial placement of tokens (ICO) with ticker MANO on the regulated cryptocurrency exchange FREE2EX.

The Belarusian company REIT Industrial launched an ICO of the MANO token, which will give everyone access to investment in real estate through the FREE2EX cryptocurrency exchange (Pixel Internet LLC). MANO tokens are a tokenized analogue of REIT shares (Real Estate Investment Trust) or shares of a real estate investment fund, which allow you to invest money in real estate, without purchasing the objects themselves and without managing them.

The company uses the money raised through the ICO to purchase, through shared construction, industrial and warehouse real estate in the Minsk region of Belarus for long-term lease and subsequent sale at a price, which maximizes investor returns.

The expected return for investors is 8.1% annual. Profitability consists of regular monthly payments in a fixed amount, quarterly distribution of net rental income and payments of all company funds upon sale of the property. The real estate is managed by REIT Industrial.

As part of the ICO, it will be released 2 800 MANO tokens. The cost of tokens during the initial placement increases with $650 for the first 700 tokens up to $850 For the latter 700. The company plans to raise a total of $2.1 million for project implementation.

The initial placement of tokens has started 15 December 2021 of the year. The company plans to successfully complete the ICO within 6 months. After the initial placement, the secondary token market will be available.

The project is being implemented in accordance with the provisions of the Decree of the President of the Republic of Belarus dated 21 December 2017 year No. 8, as well as the rules for the provision of services, related to the creation and placement of tokens, and carrying out operations to create and place your own tokens, approved by the decision of the Supervisory Board of the Hi-Tech Park.