Located 12 miles offshore, on the Great Barrier Reef in Australia is the Great Keppel Island (GKI). It is a serene location boasting stunning beaches, waters, and inland features. It checks all the boxes that any traveller would be interested in.
Great Keppel Island (GKI Security Token)
Recognizing the opportunity that the island presents, a group of developers have turned to blockchain in an attempt to realize their dream.
In an upcoming security-token-sale (STO), investors will be able to purchase a GKI token. This token will function as a security, and represents a share in the to-be-developed resort. Being distributed with the approval of island owner, Tower Holdings (who receive 12% of all tokens), the GKI token sale is a means of raising the funds needed for development. With an expected cost of $300 million, the development is expected to take place over the course of 5 years.
As with any security token, investors are essentially buying shares in the resort itself. This structuring means that the success of their investment hinges on the success of the resort.
Full details of the structuring of the token, and micro-economy envisioned for the island will be divulged in a yet-to-be-released Whitepaper. This is expected to be released in the coming weeks, prior to the opening of the STO itself.
Aside from the natural beauty offered by the island, there are plans to build many desirable attractions. Below are but only a few of those to be offered.
-- Commercial Airport
-- 18 hole golf course designed by Greg Norman
-- 750 privately owned villas
-- 300 apartments
-- Shopping district
-- Expansive Marina
The Great Keppel Island is a perfect location for such an endeavour not only because of its convenient location, but because of the natural beauty it has to offer.
The island already boasts some of the clearest waters in the world. In addition to this, the waters are complimented by 17 white sand beaches. Each unique and stunning. Furthermore, beyond the beaches, the island’s coastline boast many rock cliffs and unique topography appealing to the eye.
Spanning more than 14km2, there is plenty of room for future expansion on the island. This will be possible while retaining the natural beauty inherent to the Great Keppel Island.
Over the course of the last decade, current Great Keppel Island owner, Tower Holdings, has been working to gain development rights. Despite the desire to develop and update the current infrastructure on the island, Tower Holdings was unable to raise the necessary funds to do so.
With the advent of ICOs and STOs, digital assets provided Tower Holdings with the perfect opportunity to find funding for future development.
This endeavour, which will see the island transformed into a luxury oasis in the ocean, is supported by all levels of the Australian government.
The Australian government has already shown in 2018 that they believe in the merits of blockchain. We have seen various announcement over the last year indicating partnerships with Stellar, and other implementations of the technology. With this in mind, it should not be surprising to find that they are supportive of such an endeavour being undertaken on Great Keppel Island.