Indiegogo Hosts Token Sale For Colorado-based Luxury Hotel

The San-Francisco based crowdfunding giant Indiegogo is further embracing crypto by offering its customers real estate shares in the form of digital currencies

Thu, 23/08/2018 - 18:09

Indiegogo Hosts Token Sale For Colorado-based Luxury Hotel

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Indiegogo, a San-Francisco based crowdfunding giant, is further embracing crypto by offering its customers real estate shares in the form of digital currencies. The St. Regis Aspen hotel (Colorado) reportedly aims to raise as many as $12 mln in tokens by conducting this token sale.

The shares are issued by a SEC-approved real estate trust Aspen Digital. Starting from Aug. 24, investors can purchase Aspen Coins with USD, BTC or ETH. Selling asset-backed currencies becomes an increasingly popular trend for companies because they deemed as more secure and transparent by investors than ordinary ICOs.

Back in December, Indiegogo has already launched its own ICO.

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About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.