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As NFTs continue to bloom in the blockchain industry, LABS Group has gone above and beyond by announcing an upcoming auction for Kunang Kunang Glamping Resort, the world’s first community-owned RTS-NFT resort. The auction will be held on Refinable's Marketplace starting from 1PM UTC July 15, 2021 till July 28, 2021.
The Auction is Kicking Off
Great news for investors who have been yearning to become a resort owner! Starting from July 15, 2021, the auction will run for thirteen days till July 28, 2021. What’s even more exciting is that there will be an additional one-time benefit given through the auction. Apart from enjoying an array of benefits of the project, the top bidder will have a resort naming right with the opportunity to spend ten days per year in the resort. Other than that, Monthly top bidders and extra 3 top bidders overall will be able to own the naming rights of each glamping rooms. Additionally, there will be another auction for the resort naming right where one lucky winner will be able to rename the entire resort.
How to Join the Auction:
- Visit LABS Group’s project site to read through details regarding the auction.
- Locate and click "LABS Group" at the Refinable's marketplace.
- Place bids for the RTS-NFTs.
- Wait for confirmation from LABS Group.
Kunang Kunang RTS-NFT Resort
Named after “firefly” in Indonesian, the Kunang Kunang Glamping Resort is located in the mountainous part of Licin, Banyuwangi in Indonesia. With a 30-minutes drive from Banyuwangi Airport and a 30-minutes flight from Bali, the resort puts the entire tropical paradise at the doorstep for tourists to experience and enjoy the best vacation. Developed by Gravity Property Holdings, operating as Gravity Resorts;
Introduced and fractionalized by the LABS Group, the project has tackled traditional timeshare pain points by offering an array of never-seen-before benefits. This includes trading rights, voting rights, swapping rights and more. Fractionalized into 365 RTS-NFTs, with each one representing a day in the year, which mean bidder can choose to own their special day. The project allows multiple buyers to gain 1/365 of the total profit backed reward by investing in fractions of the Kunang Kunang Resort,there is also a minimum of guaranteed 10% return annually for the first two years based on the nominal value, and a yearly projected return of 15%+ based on a valuation report done by GCA.
Kunang Kunang Glamping Resort, considerably the most significant project by LABS Group, will revolutionize the real estate sector by combating traditional timeshare issues. This not only reassures the position LABS Group holds already in the blockchain industry, but will also surely propel the company to the forefront of the industry.
About LABS Group
LABS is a digitized real estate investment ecosystem that is powered by blockchain and community. The ecosystem, which aims to redefine the real estate investment sector, includes a Crowdfunding and Trading Platform, a Collateralized Lending Platform, and NFT reward solutions on Resorts and Hotels. Using the LABS platform, developers can easily tokenize and fractionalize their real estate, allowing them to sell or trade it.
