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Asset-Backed Unicoin Takes on Crypto Volatility, Signs Multi-Million Dollar Purchase Agreement

Eden 2 Unicoin 2 - Global Banking | Finance

Asset-Backed Unicoin Takes on Crypto Volatility, Signs Multi-Million Dollar Purchase Agreement

The boundless potential of Unicoin Inc. genuinely inspires prominent real estate developer Mohammad Al Saeed Adnan. It demonstrated as much with his latest selling of a multi-million dollar property to Unicoin. Adnan and his company, M.E. Construction, specialize in developing luxury resorts and residences throughout Thailand. According to reports, Adnan sold the in-development Eden Grand Resort, which spans 64,000 square meters of property in Chonburi, Thailand, for $335 Million in Unicoin tokens. It marks the largest-ever real estate acquisition conducted with cryptocurrency thus far. Current plans for the resort include constructing a six-story building and at least 150 two to three-bedroom private villas. The deal marks a massive milestone for Unicoin and the general cryptocurrency market. 

Unicoin is the official cryptocurrency of the most iconic business series in recent times, Unicorn Hunters. With the support of business luminaries, policy-makers like Apple co-founder Steve Wozniak, and other industry leaders, Unicoin is backed by a varied portfolio of assets that includes equity in several high-growth companies. The instability of earlier coins with little to no intrinsic value directly led to the market meltdown and consequent crypto winter. Unicoin was initially designed to address this volatility specifically. 

Unicoin CEO Alex Konanykhin said, “Acquisitions like this demonstrate Unicoin’s power as an asset tokenization tool for real estate.” He continues, “By aggregating properties into our portfolio, Unicoin is establishing itself as a leading crypto brand with real, lasting value.” Unicoin, the asset-backed cryptocurrency, is challenging typical crypto volatility by signing the landmark deal, which is structured according to Unicoin’s program of attaining real estate assets at 140% of their assessed value for unicoins. For Adnan, however, the Unicoin payment signifies an opportunity to capitalize on the benefits of the rapidly growing cryptocurrency market. 

Speaking on the deal, Adnan said, “Having witnessed the transformative ascent of cryptocurrency, I’m inspired by the boundless potential of Unicoin Inc. When these visionary forces unite, they set ablaze a captivating collaboration where innovation and imagination know no bounds, shaping a future that surpasses our grandest visions.” Adnan added, “I’m excited to witness Unicoin’s growth toward becoming a top cryptocurrency in the world.” Adnan’s excitement possibly hinges on the unique fact that Unicoin, an SEC-compliant and asset-backed digital currency, was created specifically to address the tremendous volatility of cryptocurrencies, as mentioned earlier. Constant price fluidity has long plagued cryptocurrencies such as Bitcoin, and this monumental deal solidifies Unicoin’s value and stability. 

Unicoin is devoted to expanding its global footprint, as it was reported that they have plans to develop a wholly-owned Thai subsidiary to manage the luxury resort. Additional plans on the horizon for Unicoin involve the acquisitions of many future properties, of which the purchase of the Eden Grand Resort marks the first. The landmark deal demonstrates that Unicoin effectively displays its potential to transform digital currencies into stable, real-world assets. By setting a new standard for the next generation of cryptocurrencies and doing so with inherent value, Unicoin is poised to make history.

Global Banking & Finance Review


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