Shark Tank’s Kevin O’leary proposes use of Crypto to own in New York Hotel

 

According to Kevin O’leary, coins backed by assets could eventually replace smaller cap real estate stocks, as he  proposes using an ICO to sell ownership in a prestigious New York hotel via a $400 Million Cryptocurrency offering versus an IPO.  So in this interview he explains how this will be the first of its kind in issuing a coin instead of a share to be an actual owner of a hotel.  This would be a real asset behind the coin, and the smart contract would represent the ownership in perpetuity, and this would also cut out the investment bankers, making the overall cost of doing this much lower than any IPO.

 

 

 

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