Now you can pay rent in Monaco through Monaco Estate Token

Monaco Estate is the latest company that will be accepting cryptocurrency as payment for their services. Investors will enjoy at 10% bonus by purchasing some of the 3,000 tokens available during the presale on May 1, 2018.
The cryptocurrency hype continues to attract all sorts of investors. The latest one is the monaco estate token, through which you can rent out properties in the independent city-state of Monaco. The 2.02 km2 independent state is famous for its scenic roads and amazing casinos. It also hosts the prestigious Grand Prix motor race, which attracts thousands of tourists every year.

Monaco estate is an ERC20 coin that is focused on renting out high-end apartments in Monaco. The token will be powered by a blockchain built on the existing Ethereum network. Owners of monaco estate tokens will be able to receive their monthly profits onto their existing Ethereum wallets.

On the token's official website, the creators state that Monaco is known for its tax-friendly status. Wealthy clients look for high-end apartments and rent them out for a minimum of 12 months to enjoy the benefits of Monaco’s tax status.

Monaco is recognized as one of the best tax jurisdiction for business and real estate. The country promotes 0% tax on rental income within Monaco. This means that investors can get tax-free returns on renting their apartments.

Monaco Estate will be accepting bitcoin, ethereum, and euro as payment, and is the only real estate rental service that accepts cryptocurrency.

The presale of the tokens is planned to start on May 1, 2018, with a cap of 3,000 ethereum tokens. Presale investors will be eligible to a 10% bonus on tokens. After that, there will be a crowd-sale starting on June 1, 2018, which will last for 30 days. There will be a limited supply of 100 millions tokens.

The team has shared a detailed timeline on their site, highlighting their plan for the coming feature. The CEO of the project is Daniel Golding, a serial entrepreneur and high-end real estate investor.