
Targeted to the issuance of a $6.25 million debt, this tokens issue is a vital stepping stone in the construction of a 4,484 sq.m. hotel which is planned using this method. This capital-raising mechanism through Liquid Network, a Bitcoin sidechain, is trying to be more efficient than the traditional methodology by providing a 10% coupon over a five-year term period. This unique funding mechanism allows investors to receive interest payments annually like a dividend. This establishes for the first time a capital market in El Salvador and expands the asset types available in the market. The Schedule H1 token, HILSV, can be exchanged against the US Dollar and USDT (Tether’s stablecoin), which shows an interaction of classical financial know-how and technology of blockchain.
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