The Tinaga Resort token sale is ongoing. As the pre-sale deadline closes in, we would like to encourage old and new investors to keep buying TIRC. If you have any questions about the project or token, you will find the answers here.
WHAT IS THE PROJECT?
We want to build a 5-star luxury eco-resort on our beach property. Our goal is to raise $12.6 million through the security token offering.
HOW LONG WILL IT TAKE TO COMPLETE THE RESORT?
About 2 years. We estimate that the resort will begin operations in December 2024. View the roadmap for more details.
WHERE IS TINAGA RESORTS CORPORATION LOCATED?
We are located in Angeles City, Philippines.
WHAT IS THE ASSET VALUATION?
The current land valuation of our tokenized property is $8.4 million.
WHERE CAN I FIND THE TINAGA RESORTS PROPERTY PORTFOLIO?
You can request the valuation report through firstname.lastname@example.org. All other documents, including the title deed of the tokenized property, are available on the website. You can also find our legal documents on IPFS.
WHAT IS THE TOKEN NAME?
TINAGAISLANDRESORT. We have also reserved TIRC.
WHAT IS THE ASSET BEHIND THE TOKEN?
Our TIRC token represents a beachfront property on Tinaga Island in the Philippines. For background information about how we acquired this piece of land, listen to this podcast or read the podcast highlights.
WHAT IS THE TOTAL TOKEN SUPPLY?
WHERE CAN I TRADE MY TOKENS AFTER PURCHASING?
On crypto exchanges. You can trade your tokens as soon as we list the token on the first exchange, CryptoSX.
WHEN WILL YOU LIST THE TOKEN ON AN EXCHANGE?
Our first exchange listing will take place in April 2021.
HOW WILL THE TOKEN GAIN VALUE?
We will drive value in the token by revealing partners (architects, interior designers, etc.), adding digital exchanges to trade the token, revealing the ‘green paper’, the 5-star hotel management company, and a host of other announcements. We also expect the token value to rise as the property value continues to increase.
HOW WILL I BENEFIT FROM BUYING TIRC TOKENS?
You will own equity in our beach property. Moreover, you will enjoy income from hotel operations and the sale of villas. Your investment will also grow as the property value appreciates.
WHICH BLOCKCHAIN HAVE YOU USED TO CREATE YOUR SECURITY TOKEN?
Ravencoin blockchain. Click here to view us on the blockchain.
THE TOKEN SALE
HOW CAN I PURCHASE TIRC TOKENS?
Go to the homepage of our website and click “Buy Now.” Next, register, verify your identity, and then buy TIRC tokens once your documents are approved. Read this step-by-step guide for further details.
WHICH PAYMENT METHODS DO YOU ACCEPT?
BTC, USD, and ETH.
If you are an institutional investor, you can make a wire transfer to our US corporate bank account. For bank details, please contact Daniel via WhatsApp at +1 702 827 8822 or email email@example.com
WHICH DOCUMENTS DO I NEED TO BUY TIRC TOKENS?
We accept a passport, driver’s license, or identity card.
CAN I BUY TIRC TOKENS AS AN ENTITY?
Yes. We accept purchases from both corporate entities and individual investors.
WHERE WILL I STORE MY TIRC TOKENS?
You will need a Ravencoin wallet to store TIRC. You can download different versions from the Ravencoin website.
CAN I PURCHASE TOKENS FROM AN EXCHANGE WALLET?
No. You will need to move your BTC or ETH to an external wallet in order to purchase TIRC.
WHEN WILL I RECEIVE MY TIRC TOKENS?
You will receive the TIRC tokens two weeks after purchase.
CAN US INVESTORS PARTICIPATE IN THE STO?
Yes. However, they should be accredited. An accredited investor should have a net worth of at least $1,000,000, excluding the value of one’s primary residence. Alternatively, an accredited investor can have an income of at least $200,000 each year for the last two years (or $300,000 combined income if married) and expect to make the same amount this year.
WHEN IS THE PUBLIC SALE?
The public sale will begin as soon as the pre-sale is sold out or on March 1, 2021.
WHAT IS THE MINIMUM AMOUNT THAT I CAN USE TO BUY TIRC TOKENS?
The minimum amount that you can use to buy TIRC tokens is $500.
HOW MUCH IS 1 TIRC?
During the pre-sale, 1 TIRC will go for $0.1. This is a 50% discount. When the public sale begins, 1 TIRC will go for $0.2.
HOW MANY TOKENS ARE ALLOCATED FOR THE TOKEN SALE?
We have allocated $1 million in tokens for the pre-sale and 43 million tokens for the public sale.
DO YOU GIVE REFUNDS?
No. We encourage our investors to use the dollar-cost average technique when using BTC or ETH to buy our token to protect themselves from volatility.
Since the project kicked off on 16 November 2020, we have achieved several milestones. They include:
- Token distribution to the investors that have bought TIRC.
- We’ve successfully completed the token sale.
- We published the first draft of our Bamboo Paper. The paper provides a detailed plan for our project.
- We have hired a registered architect from the Philippines who has already created the first itineration of the Master Plan for the resort and villas.
- We have announced an offer for the first five token holders to purchase 100,000 or 500,000 tokens.
- We have remained on track with our roadmap.
- Our community has continued to grow.