SINGAPORE - Media OutReach -13 November 2018 - PropertyBay, anintegrated property development and investment company, today announced thelaunch of its Dunk Island Project -- a unique investment opportunity thatenables existing BTC or ETC investors to invest in property.  The project focuses on the redevelopment ofDunk Island, a tropical island in Australia's Great Barrier Reef, to create a world-class, eco-lux, smart-tech blockchaincentric development with a tokenised foundation. 

The project willbegin with an initial US$110 million capital raise to support the developmentof phase one, which includes a 5-star hotel, luxury villas and glamp-site.Construction will commence build in early 2019, with an open-for-businessprojected for 2021. Private sale completion is expected to close this week, andPropertyBay will begin pre- and main sales targeted at crypto-currencyinvestors in the week of November 19.

"We're excited tooffer this first of its kind opportunity for BTC and ETH investors to buy intoand own a share of this unique property offering, with the added benefit of itbeing a tangible asset with economic value -- the ownership, participation andprofitability of an integrated resort on one of the Great Barrier Reef's mosticonic islands," said Tim Sommers, co-founder of PropertyBay.

Early investors forthe Dunk Island Project who invest more than 100 BTC or 3000 ETH will also haveexclusive access and additional rewards.

The PropertyBay tokenizationprogram will initially be established as a Managed Investment Scheme until aregulated platform has been developed in Australia.

About PropertyBay

PropertyBay is an integrated property development andinvestment company. We create and manage world class luxury resorts using smart and blockchaintechnology to set new standards in eco tourism.

Moreinformation on The Dunk Island Project and PropertyBay can be found here:

Dunk Island:https://dunkisland.io

PropertyBay:https://propertybay.io