New Cryptocurrency Backed by NYC Real Estate
March 12, 2018
The Praetorian Group (PG) representatives have lodged an application to SEC to gain license for crypto coins selling to the sum of $75 mln. The startup’s founders will use real estate on the premises of New York City for backing their tokens.
As they report, the concept of PG is about investing assets into the industry with relatively low return that is supposed to grow on in the future and at the same time integrating cryptocurrency in this field to improve living standards of the owners to the estate PG sells.
It is to be noted, SEC takes quite critical stance towards all ICO projects so the future of PG is rather questionable.