NEW YORK, Sept. 29, 2023 /PRNewswire/ — Unicoin, an assets-backed cryptocurrency that addresses the extreme volatility of the crypto market, has signed a landmark $335 million agreement to purchase Eden Grand Resort, a development project for a 64,000 square meter property and luxury resort in Chonburi, Thailand – the largest-ever real estate acquisition made with cryptocurrency.
The property, in addition to the underlying land, is proposed to have a 6-story building plus 150 2- and 3-bedroom villas constructed and developed as a luxury resort. The purchase price shall be paid in unicoins. The acquisition is structured pursuant to Unicoin’s program of acquiring real estate assets at 140% of their appraised value for unicoins. Unicoin Inc. agreed to pay…
