My Blog About Blockchain: Sosnovkino : Project backed by Land asset

Real estate has been the human interest for decades and people have made their fortune in this. Every person on earth dreams to own the piece of land in this earth for the investment purpose. New Blockchain technology has enabled the investment in any part of the world through tokens. Sosnovkino is one such upcoming project that allows people to invest in the Land development project in a growing region. This project is secured by the actual land asset which is poised to grow over coming times

What is Sosnovkino?

Sosnovkino is a name of a place which is located in the center of the Siberian region. This is a very attractive area of the investment. Sosnovkino Foundation owns the 194 Hector of the land which has a total value of the $3,000,000. To complete the project like central sewage system, gas pipeline, roads and electric system project aims to raises around $2,700,000. The project is aiming to complete the construction by Nov 2018 and aims to sell 1, 80,000 plots for more than 6 times a value. This project is backed by the land assets and not subject to inflation. It also guarantees the stability of investment as it will not be volatile in nature. Sosnovkino foundation owns around 70% of the share capital of Sosnovkino LLC

Sosnovkino uses the Ethereum Blockchain to enable smart contracts which allow people from all over the world to invest in this growing project. Holders of the SKN token will become the owner of the property owned by the Sosnovkino. Sosnovkino is a well-known company of the region and dedicated to complete the project in given time. Every Sosnovkino token would be worth of $10 and token holders would be able to get the dividend quarterly based on the project achievement

Engineers who are managing this project have already worked on the multiple projects in the Russian region and focused on this project success. Sosnovkino is not just the idea and it is an ongoing project which connects people to the real-estate project with the block chain technology. If you have ever imagined buying the land outside your country without any boundary or legislation then this is the project you can look forward to. The amount of investment is also very small, investor can invest in the project just by spending $10, Sosnovkino projects aims 300% return in the period of two years which is far more than any traditional investment

Important aspects of the project

SNK coin which will issue during the sale is backed by the real piece of land
Construction of the project will get completed by October 2018
Sales of the plot will be finished in 4 years
Profit will continue to come even after the project sales
Selling price of the plot would increase after the every single plot sold

Why should you invest in the project?

SNKCoin are backed by actual land
Token price will grow in future as the project is promising, investor might get return up to 600%
Inflation proof investment
Token holders are eligible for dividend and will get 70% of the total profit
Token holder of the projects will have voting rights to make important decision in the project by voting
One token will be equivalent to one token
Minimum investment is as low as $10