Melbourne's Tycoon Global to sell townhouses using cryptocurrency

Melbourne-based real estate trading platform Tycoon Global has secured a site in Melbourne’s East Ringwood to build six townhouses to be sold using cryptocurrency as blockchain-based exchange makes further inroads into the property sector.

Tycoon Global, a start-up company that builds its trading platform based on the blockchain model, Ethereum, has settled the purchase of a site near Eastland Shopping Centre to build a six-unit project worth $6.5 million.

Buyers can purchase these dwellings units using either Tycoon’s cryptocurrency Tycoon Coin Token (TCT), or cash. Each unit has four bedrooms and two garages and will be priced at $US750,000 or just over $1 million.

Tycoon Global chief executive Zhong Jian says the project will be launched in June with sales starting in July.

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Source: Melbourne’s Tycoon Global to sell townhouses using cryptocurrency