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The Kazakhstan Horseracing Association is the group behind the Pegasus Coin and aims to develop the world’s largest cashless horseracing ecosystem that transacts primarily in the coin.
The founding team comprises of titans of industries who have constructed various large-scale developments worldwide, and an advisory board consisting of members of parliament and seasoned directors.
The founders identified a market opportunity in a country where horses were an integral part of its culture and lifestyle. Kazakhstan is poised to become a high-income economy due to its strong economic outlook and international economic engagement, however, the country lacked premier horseracing facilities that met international standards.
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The KHA was thus formed and with the advent of the blockchain, KHA extended their masterplan to embrace blockchain technological applications such as their very own Pegasus Coin, established to be the utility coin of the entire development project and beyond.
KHA moved quickly to complete the arduous process of obtaining the necessary licensing and certification to begin developing the Kazakhstan Horseracing Park on a scale akin to a national icon. Together with experts, the firm has already completed the necessary measures required to complete this revolutionary development.
This includes legally binding and valid government gambling licenses and land rights, as well as valid Memorandum of Understandings (MOUs) with various key parties including major corporations like the Japan Racing Association and China National Complete Plant Import Export Corporation.
For more details on KHA’s big vision and how individuals and institutions will be able to leverage on the Pegasus ecosystem, the Pegasus whitepaper can be found on their website thepegasuscoin.io.