The World’s first blockchain resort… Cool, how do I pay for it?*
Ranchi Mall Blockchain Alam Puri Museum Resort & Spa in Bali, Indonesia is the world’s first blockchain resort. It is a part of Ranchi Mall Real Estate Blockchain Contract.
To access the services of Ranchi Mall Blockchain Museum Resort & Spa, you will have to first invest in Ranchi Mall Tokens (RMTs). These RMTs are then used to buy into our blockchain contracts. In this case, we are talking about the Ranchi Mall Real Estate Blockchain Contract.
As per Indonesian public pronouncements of government officials, crypto-currencies cannot be used to pay for any transaction in Indonesia. But crypto-currencies can be used for investment purposes. As a result, we have designed the blockchain contract to be an investment product.
You can buy into Ranchi Mall Blockchain Contracts by purchasing its Initial Coin Offering tokens, called Ranchi Mall tokens (RMT). 1 RMT can buy you 1000 units of Ranchi Mall Blockchain Contract. 1 RMT is selling at 980 USD per token at the time of writing this article. 75% of the amount you invest is classified as an investment in the Real Estate Blockchain Contract and 25% can be used for consumption. So, if you buy 1 RMT, it gets you 1000 units of Real Estate Blockchain Contract. Out of those 1000 units, you can consume 250 units to stay which will give you a 4 night stay at the resort. The remaining 750 units will be invested in the Ranchi Mall Real Estate Blockchain Contract and will use it to fund its projects. The next project is Bitcoin Paradise project in Ranchi, India.
We expect the value of every unit of Real Estate Blockchain contract to grow in USD terms. If it grows more than 25% of your investment value, you will be again eligible to spend 4 nights at the Alam Puri resort. Otherwise, it stays invested in the blockchain contract.
It is not possible to buy individual nights using RMTs directly because this qualifies as a payment transaction which is in violation of Indonesian public position on this issue. Instead, investors put their money into the Ranchi Mall Real Estate Blockchain contract, to be able to access the Blockchain Resort Services.
1 RMT can be exchanged for 1000 units of Ranchi Mall Real Estate Blockchain Contract.
The valuation of Blockchain Units will be quoted in RMTs and USD.
The opening value of 1 unit of Ranchi Mall Real Estate Blockchain Contract is 98 US cents on the basis of last traded price of 980 USD per Ranchi Mall token.
1000 Units of Real Estate Blockchain contract will buy you 4 nights in the resort and consume 250 units. The remaining 750 units will be your investment in Real Estate Blockchain Contract to fund its future projects.
Units of all our blockchain contracts must be converted to RMTs for public trading purposes. It is not possible to trade blockchain contract units directly publicly.
You can use Bitcoins, Bitcoin Cash, Ripple, Ethereum, Florincoin, Sirajcoin or any currency exchangeable against Bitcoin to buy RMTs
We are not selling room nights directly. We are only selling investment into Ranchi Mall Real Estate Blockchain Contract, which gives you consumption rights.
All payments to the property are to be made in Indonesian Rupiah to comply with legal tender laws.
*Please see: https://medium.com/ranchimall/ranchi-mall-real-estate-blockchain-contract-not-a-timeshare-b465d6fa4559 which explains the most updated information on the strategy and pricing policy for the Ranchi Mall Real Estate Blockchain Contract.