SINGAPORE - Media OutReach - 23 November 2018 -PropertyBay, an integrated property development and investment company, todayannounced the launch of its Dunk Island Project -- a unique investmentopportunity that enables 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. 

Theproject will begin with an initial US$110 million capital raise to support thedevelopment of phase one, which includes a 5-star hotel, luxury villas andglamp-site. Construction will commence build in early 2019, with anopen-for-business projected for 2021. Private sale completion is expected toclose this week, and PropertyBay will begin pre- and main sales targeted atcrypto-currency investors in the week of November 19.

"We'reexcited to offer this first of its kind opportunity for BTC and ETH investorsto buy into and own a share of this unique property offering, with the addedbenefit of it being a tangible asset with economic value -- the ownership, participationand profitability of an integrated resort on one of the Great Barrier Reef'smost iconic islands," said Tim Sommers, co-founder of PropertyBay.

Early investorsfor the Dunk Island Project who invest more than 100 BTC or 3000 ETH will alsohave exclusive access and additional rewards.

The PropertyBaytokenization program will initially be established as a Managed InvestmentScheme until a regulated platform has been developed in Australia.

AboutPropertyBay

PropertyBay is an integrated propertydevelopment and investment company. We create and manage world class luxuryresorts using smart and blockchain technology to set new standards in ecotourism.

More information on The Dunk Island Project and PropertyBay can befound here:

Dunk Island: https://dunkisland.io