Investors participate in the project by purchasing tokens (270,000 tokens available). Each token is a part of the company that makes its holder a co-owner. After the completion of the ICO, the tokens can be purchased or sold on the exchange at the market rate. Token holders' information is anonymous and protected by the blockchain technology.
After the end of the investment period, any investor can get full refund of the investments. Sosnovkino Foundation already has a land area, a construction site.
In October, 2017 the construction of electric and central sewage systems, gas and water pipelines will begin in a parallel way. After the completion of these constructions by July, 2018, the roads will be built in the entire territory of the settlement. The construction is planned to be completed by October, 2018.
On December 1, 2017, the first blockchain vote will be held among all the token holders where there will be made the decisions on the start date of the sales of 1,800 land plots, their selling price, the real estate agency and marketing expenses.
Starting from the first sale of a land plot, token holders will quarterly receive dividends in the selected cryptocurrency. Dividends will be paid until the last land plot is sold. Since the estimated selling price of the land plot is $10,200, the investment income can be 350%.
After the end of the project, all engineering communications and land plots of the roads will remain in the Foundation ownership. The income from the exploitation of this property will be annually paid to the token holders in the form of dividends.
BLOCKCHAIN VOTE TECHNOLOGY
SNKCoin is a token issued via Ehtereum blockchain technology, using Solidity programming language. All transactions will be securely processed in Ethereum Virtual Machine and stored in a blockchain – distributed database on numerous nodes around the globe. Decentralized consensus gives Ethereum extreme levels of fault tolerance, ensures zero downtime, and makes data stored on the blockchain forever unchangeable and censorship-resistant. Thus, our SNKCoinsmart contract is a reliable investment.