Legal Team Feedback

Skye Properties have been in discussion with our legal team to ensure we adhere to all the regulatory requirements in the US to ensure we launch a successful SKYE token sale. As stressed before, Skye Properties is doing a soft launch to avoid hyping the SKYE token sale and ensure we attract investor that understands real estate investment (REI) and the advantages that comes with REI.

SKYE tokens will be one of the first digital currency tokens backed by an existing US real estate asset portfolio.

All of the Skye Properties properties and operations are located in the US and we are required to whitelist all participants. Once the minimum required funds have been raised (we trust during the pre-sale) we will be able to show to whitelisted participants additional information like the seed portfolio details. The detail will include city, current rent roll, appraisal estimates, etc.

The legal structure as advised by legal team is as follows:

Skye Properties Foundation based in Panama is the legal entity issuing the tokens. Proceeds raised will be used to invest with a US based real estate investment partnership under US Securities Act 1933, Regulation S. Income from real estate investment will be passed back to Skye Properties Foundation for distribution to token owners.

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