I cover crypto and Wall Street and oversee the Forbes Crypto Confidential newsletter as well as the annual Forbes Blockchain 50 list that features billion-dollar companies utilizing distributed ledgers. I am also a co-editor of the Forbes 30 Under 30 Finance list. Have a tip, question or comment? Contact me at @ninabambysheva on Twitter.
Thanks to an opportunistic real estate broker, a network of churches in Northern Colorado is embracing blockchain technology to securitize their sanctuary. Pray for its investors.the Middle Ages, the Church held sway over souls with the sale of indulgences—essentially, money in the form of silver or gold coins exchanged for a faster ticket out of purgatory.
“I heard the Lord say ‘’tokenize the building,’”says Bush. “I was like, what? I didn’t even know what that meant. I’ve been interested in the technology, but I could not have formed that sentence because that’s just not in my vocabulary. I've been praying for this for years, and God said, ‘Son, go get my house.’”
While there are no specifics in the offering statement about how investors will actually earn a return from their blockchain-based investment in REtokens, the shares were initially priced at 75 cents each, with a minimum investment of $5,000. Vinson’s new blockchain company intends to take $10,000 upfront for new tokenizations, plus up to 0.74% per year in an “equity fee” from new tokens minted. So far, REtokens has raised less than half of the $2.
When Bush was asked the consequences of, say, a Satanist scooping up the majority of tokens, his response was, “I’d be like ‘great, thank you, let’s introduce you to Jesus.’” The Old Stone Church will be governed by its board and an operating agreement, he explains, so even a majority owner won’t be able to decide how to use the building. Tokenholders will only be able to vote for a president of the board and for or against the sale of the building.
Tokenization Church Token Cryptocurrency Crypto Jesus Real Estate
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Who Did Shawn Mendes Almost Get Pregnant in 'Why Why Why'?He released his new song 'Why Why Why' with questionable lyrics.
Read more »
Shawn Mendes Drops Two Singles, ‘Why Why Why’ & ‘Isn’t That Enough’: Stream NowShawn Mendes unveiled two tracks, 'Why Why Why' and 'Isn't That Enough,' on Friday (Aug. 9).
Read more »
California Goes Off The Rails—AgainSteve Forbes is Chairman and Editor-in-Chief of Forbes Media.
Read more »
Tremendous Skoda Felicia Fun for saleWhy? Well, why not?
Read more »
Meet The 26-Year-Old Building A Billion Dollar Prediction MarketplaceI cover crypto and Wall Street and oversee the Forbes Crypto Confidential newsletter as well as the annual Forbes Blockchain 50 list that features billion-dollar companies utilizing distributed ledgers. I am also a co-editor of the Forbes 30 Under 30 Finance list. Have a tip, question or comment? Contact me at ninabambysheva on Twitter.
Read more »
BlackBerry director Matt Johnson interview: why the iPhone won and why most tech movies suckThe new film BlackBerry depicts the rise and fall of Research In Motion and tells the story of the phone that made email mobile. Director Matt Johnson says it’s more complicated than you think.
Read more »