Unicoin Expands Global Footprint With $335M Luxury Real Estate Purchase
Unicoin, renowned for its innovative approach to tackling cryptocurrency volatility, has made history by inking a deal worth $335 million for the acquisition of a luxury resort development in Thailand known as Eden Grand Resort. This transaction marks the biggest-ever real estate purchase executed with cryptocurrency.
Eden Grand Resort is a sprawling property stretching over 64,000 square meters in the picturesque Chonburi region of Thailand. The upcoming development promises lavishness with a 6-story building alongside 150 private 2- and 3-bedroom villas.
This groundbreaking deal was executed with Mr. Mohammad Al Saeed Adnan, a leading figure in Thai real estate. Mr. Mohammad Al Saeed Adnan and his company, M.E. Construction, have carved a niche in developing luxury residences and resorts in Thailand. However, the collaboration between Unicoin and Mr. Adnan is not just a business transaction. It’s the merging of traditional luxury with futuristic finance. And the world is watching.
The purchase amount was fully paid in Unicoin tokens. This acquisition aligns with Unicoin’s strategy of procuring real estate assets at a premium, precisely 140% of their assessed worth, utilizing its own cryptocurrency. "Such acquisitions are a testament to the prowess of Unicoin as a potent instrument for real estate tokenization," said Alex Konanykhin, the dynamic CEO of Unicoin. "Consolidating properties into our portfolio, we are cementing our reputation as a foremost cryptocurrency brand endowed with tangible, enduring value."
For the seller, Mr. Adnan, this exchange is an opportunity to tap into the burgeoning cryptocurrency market's potential. He proclaims, “The meteoric rise of cryptocurrency has been nothing short of transformative. The fusion of a progressive crypto entity like Unicoin Inc. with visionary endeavors heralds a future where the horizons of innovation and creativity are boundless. I look forward to the trajectory of Unicoin, as it paves its way to global prominence.”
Asset-backed and adhering to SEC regulations, Unicoin was conceived as a response to the severe instability witnessed in cryptocurrencies like Bitcoin. It has since emerged as a beacon of stability after the crypto market meltdown. In fact, this landmark purchase not only underpins Unicoin's stability but also its inherent value.
Unicoin's CEO, Alex Konanykhin, elaborates, "We're on a mission to embed Unicoin as a leading crypto brand with tangible, lasting value."
Hailed by Forbes as the official cryptocurrency of "Unicorn Hunters", a standout business series, Unicoin has distinguished itself from numerous other cryptocurrencies. It is also supported by a diverse asset portfolio boasting equity in rapidly expanding companies. In addition, its endorsement from titans of business and tech, like Apple's co-founder Steve Wozniak, further validates its credibility.
Also validating its credibility is Unicoin’s intent to broaden its international reach. The company is currently gearing up to establish a fully-owned subsidiary in Thailand to manage the new resort. The Eden Grand Resort is the inauguration of a series of property acquisitions intended to fortify the Unicoin portfolio using their tokens. In so doing, Unicoin is pioneering a transformative model, converting digital assets into stable, tangible value.
Unicoin's visionary approach is ushering in a new era of stable, real-world asset-backed digital currencies. By setting unprecedented benchmarks, Unicoin is charting the path for future cryptocurrencies, instilling them with inherent worth and making history.
