2020-12-01 08:43:55 MKGI Monaker Group
12/01/20 12/0108:43 12/01/2008:43 | Monaker Group announces crypto offering created by LongrootMonaker Group announced that the Longroot initial coin offering portal in Thailand, in which Monaker recently acquired an indirect controlling stake, has signed a Letter of Intent with MAGNOLIA QUALITY DEVELOPMENT CORPORATION, a business unit of DTGO Corporation Limited, to represent MQDC as Financial Advisor and ICO Portal for a proposed initial coin offering valued at between $500M-$700M. MAGNOLIA, founded in 1994, is a renowned real estate developer in Thailand with a portfolio of developments that extend from condominiums to mixed-use and 'theme' developments. MQDC residential and mixed-use developments are built with innovative, sustainable and safe materials with an award-winning team. MAGNOLIA is currently in development of 'The Forestias', Thailand's largest property development project, valued at approximately 125,000 million Thai Baht. Longroot's financial services are regulated by the Securities and Exchange Commission of Thailand to create digital assets for its corporate clients. These unique cryptocurrencies are expected to allow consumers to invest in unique revenue streams in wholesale travel, real estate homes and hotels, gaming assets and digital advertising - all complementary to Monaker's portfolio and growth strategy. |
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