Kubix, a digital asset platform under Kasikorn Bank, debuted the Destiny Token, Thailand’s first project-based token, on the Kubix application on Monday to crowdfund Love Destiny the Movie.
According to Apinya Ruangthaveekoon, managing director of Kubix Digital Asset Co, there will be a limited supply of 16,087 Destiny Tokens, representing a total value of 265.2 million baht.
The Destiny Token comprises three kinds of tokens: I am Glad Token, priced at 5,559 baht per token; I am Delighted Token, priced at 155,559 baht per token; I am Happy Token, priced at 1,555,559 baht per token.
Kubix claims holders of all types of Destiny Token would receive principal at the end of the project with a return of 2.99% per year. Holders also have the opportunity to receive additional returns of 2.01% per year if the movie makes more than one billion baht at the box office.
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