Aspen Ski Resort Launches Ethereum-Based Security Tokens Afterall

Tue, 09/18/2018 - 11:58

St Regis Aspen Resort stated it was planning to make virtual coins to sell as shares in the real-estate business. The coins were planned to serve as usual paper docs

Aspen Ski Resort Launches Ethereum-Based Security Tokens Afterall

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Back in August, the popular St Regis Aspen Resort stated it was planning to make virtual coins to sell as shares in the real-estate business. The coins were planned to serve as usual paper documents proving equity in the property. Now the Ethereum-powered tokens have been produced via the Indiegogo project.

The tokens are dubbed Aspen Coins, they are offered to those wishing to invest by using special markets approved by US regulators and will be viewed as security tokens. The price of one coin is $1 but the minimum purchase is 10,000 coins. The coin offering finished three days ago.

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Yuri Molchan

Yuri is a crypto journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future in many of its aspects. ‘Hodls’ major cryptocurrencies and has written for multiple crypto media outlets.

His articles have been quoted by such crypto influencers as Tyler Winklevoss, John McAfee, CZ Binance, Max Keiser, etc.

Currently Yuri is a news writer at U.Today and can be contacted at yuri.molchan@u.today.