Introducing Our First Property in Bali, Indonesia🏡🌴

The time has come — Binaryx Protocol announces the first property that we’re selling on Mainnet!🥳

On March 27, Binaryx Protocol Marketplace will go live on Polygon mainnet. We’re giving priority access to the first sale on this day to Binaryx OGs — our community members who have completed the Community Rewards Program.

Then, on March 28, everyone else will have the opportunity to invest as little as $50 and become a legal co-owner of this beautiful apartment in Bali. However, in the case of high demand for the property, it might be completely sold on March 27. Thus, we encourage you to complete the Program and get your OG role. Find more details at the bottom of this article.

A property token = apartment ownership in the real world! Everyone who buys an apartment token becomes its official co-owner. We leverage the most innovative regulation to ensure your ownership is backed by law.

Now — straight to the point! The apartment we’re selling is in Parq Ubud, a creative town for entrepreneurs, artists, and investors at the very heart of Bali. It is located in Ubud, the cultural and spiritual capital of the island.

First and foremost: Parq Ubud is an extremely popular place with proven high rental demand. Once the apartment is sold, there is no doubt it will be rented out immediately and start bringing passive income to its co-owners.

Here are the reasons why investors prefer Parq Ubud:

• Popularity. The demand for Parq Ubud is so high that tenants stand in line for months to rent an apartment here.
• Not just a residential complex. Parq Ubud is a multifunctional space where people live, relax, and develop. Tens of thousands of people visit it every month. After the complex had been built, the value of the surrounding land increased 3X.
• Management cares. PARQ Development Management Company does a great job finding tenants and maintaining the complex.

Parq Ubud was conceived by a group of like-minded architects as a simple villa project. “Just out of fun”, they decided to build a boulevard with 60 villas around it and call it a “Secret Garden” — because it would be hidden from Ubud citizens’ view.

Later on, the creators realized: the residents of the complex need to be fed, so they built some restaurants. What about some space for work? Co-working zones were created. More and more people were inhabiting Parq Ubud, they shared their ideas of what they wanted to see around — and this is how the town grew.

Parq Ubud, dubbed “The City of the Future”, now has everything that you need for a comfortable life within walking distance — restaurants, coworking and wellness zones, and much more. However, it wasn’t built as a typical modern city. In Parq Ubud, the creators realized their “dream of a society in which everyone can find themselves”.

The co-creator of the town, German architect and serial entrepreneur Andre Frey, outlines a typical problem for Balinese expats: people spend a month enjoying nature, but then start lacking social connection and opportunities for growth. Parq Ubud is the perfect place where they can get those.

See a video where the complex creators explain their vision and how Parq Ubud was built.

While designing Parq Ubud, the architects drew inspiration from the ethnic art of the ancient Balinese civilization. Many antique pieces of furniture and interior decoration have been found in the markets of Surabaya and Jakarta, some of them are century-old.

But the town has been built for residents of the 3rd millennium. Parq Ubud is now home to celebrities, creators, and visionaries from all over the world, and besides a visually and culturally rich environment, they need comfort. In Parq Ubud, tech and comfort meet ancient wisdom and beauty.

Parq Ubud in numbers:

• 65,000 square meters (equal to ~9 soccer fields) of infrastructure for living and development
• 80-meter-long common swimming pool
• 8 restaurants with world-class chefs
• 1,500 people can attend events at the concert venue
• $0 is the cost of co-working for residents.

The town, inspired by gorgeous nature and the spirit of Bali, is a center of attraction for like-minded people from all over the world. They host conferences, concerts, festivals, and fairs that shape the thriving ecosystem of Parq Ubud.

The creators of the complex have built a space where one feels belonging and freedom at the same time. Parq Ubud is a comfortable environment where people are willing to live and fulfill themselves.

The Property

In just one week, you can become a co-owner of a home at the very heart of Bali. Here it is — a beautiful 64 m² apartment in Parq Ubud where one can live and develop:

PARQ Development Management Company, a Binaryx Protocol’s partner, will make sure the apartment is rented out and brings you a stable passive income of up to 20% APY. Given the popularity of the town, there’s no doubt that the tenants will be found quickly.

The apartment is equipped with everything necessary to make sure the tenants are in full comfort.

Here’s what the property renters will see from the window😍

The property costs $170,250, so we will be selling it in 3405 real estate tokens worth $50 each. Everyone who buys a token becomes this apartment’s co-owner in the real world.

How do we make this possible? This week, we will share more details about how we tokenized this property and how your ownership will be backed by law. For now, we encourage you to share your thoughts on this home.

Prepare for the first sale

Everyone who buys the property token becomes the co-owner of the apartment in the real world. To register you as such according to the law, we need to know your identity — that’s why we’ll ask you to complete a KYC check.

The servers might be quite busy on the first sale date, so we recommend that you go through the check beforehand. We’re just about to release this functionality, so we will notify you very soon when it’s ready.

How do I get priority access to the first apartment sale?

Complete the Community Rewards program — a set of web3 quests where you can get the OG role on Discord. The latter is necessary to get access to the first sale on March 27 before everyone else. Here is a general guide to the program, here’s a precise list of requirements for getting your OG role, and here is a troubleshooting FAQ in case you’ve got difficulties with the Program.

Thank you and looking forward to meeting you on our mainnet marketplace!🔥