BreezeCoin: Real Asset-Backed Cryptocurrency with Interest Rate Payment

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The invention of blockchain technology and cryptocurrencies allowed people to eliminate the need for a central authority or a trusted third party in order to make transactions and to transfer assets. Being completely decentralized, secured by cryptography, transparent and global, cryptocurrencies are now shaping the future of the business world.

Our goal is to combine the blockchain-based cryptocurrency technology with the real estate investments. For this reason, we created a new cryptocurrency, BreezeCoin (BRZC), which is based on the Ethereum platform, a platform that runs smart contracts and eliminates fraud, downtime and censorship. The most prominent feature of BreezeCoin, unlike most of the other cryptocurrencies, is that it is tied to physical assets, namely real estate assets. It will become a medium of exchange in projects done by Breeze de Mar (see below) which has more than 15 years of experience in the real estate and construction fields. Moreover, BreezeCoin holders will be able to get monthly interest income payments in Ethereum. Last but not the least, coin holders will have right to the ownership of the mortgage papers.

All in all, we are building a next-generation investment and business model to meet the criteria of the cyber-physical world, a world in which automation and data exchange are highly valuable.

Breeze de Mar

Breeze de Mar has been making real estate investments and resort hotel projects in the USA. The outline of the current and future projects is explained in detail in the whitepaper. The first project on our schedule, Breeze de Mar Orlando, has already started in Orlando, USA and the details can be found in the following section. In addition, the next step of the project, Breeze de Mar Las Vegas, will be publicized in the Istanbul Real Estate Fair (Istanbul, Turkey) in November 2018, and will be put up for sales in Cannes Real Estate Fair (Cannes, France). Furthermore, two additional projects, Bahamas and Hawaii, are still under project development.

Project Orlando

The project is located in Orlando, Florida USA. With the excellent climate, unique environmental features, the whole world is attracted towards the area. Annually, the city welcomes 68 million tourists and it is becoming more and more eye-catching every day, not just for tourists but also for investors and residents, which in turn results in the emergence of new living spaces. Breeze De Mar allows investors to invest in the real estate resort market with as little as 20% down payment with affordable interest rate. The Orlando project will operate as a resort hotel starting in the year 2019. The project construction has started in 2017 and will be delivered in May 2019.

Business Model

Our business model mainly consists of two parts. Firstly, the income from the interest payment of the mortgage papers will be distributed to the coin holders. Secondly, people will be able to use BreezeCoin in Breeze de Mar Resorts. The details can be found in the following sections.

Interest payment

In addition to the standard token functions, BreezeCoin is a store of value. The income that Breeze de Mar receives through the interest of mortgage papers will be distributed to the BreezeCoin holders. Just by holding BreezeCoin, the Ethereum address of the coin holder gets guaranteed monthly interest payment with an annual rate of 6.5% on the last day of every month, starting in 31st of January 2019, in the form of Ethereum. As the sales increase and the next projects are introduced, the total value of the mortgage papers will be increased, therefore the amount of payment will be higher.

Here is an example calculation. Suppose the company has mortgage papers of 50M USD worth , and there is 200M total amount of BreezeCoins. If the annual interest rate is 6.5%, then this means that there will be 3.250M USD interest payment in total. If you have 5000 BreezeCoins, you will have: 5000 / 200,000,000 x 3,250,000 = 81.25 USD annual interest income. Payments will be done in Ethereum.

Please note that the company already holds mortgage papers amounting ~50 million USD.   

Implementing BreezeCoin to Resorts

BreezeCoin will be a medium of exchange in all the Breeze de Mar Resort Hotel concepts. You will be able to buy and pay goods within our real estate complexes. Thus, coin holders will be able to use it in the real life.

Coin Allocation

Created BreezeCoins will be distributed as follows:

75% – Reserve, 15% – ICO, 5% – Early Investors, 5% – Team

Since we are aiming to create a cryptocurrency friendly resort, 150 million BreezeCoin will be kept in the reserve wallet and will be used on points of sales. The system that we are working on allows resort customers to buy BreezeCoin from point of sales. We predict that 1,000,000 BreezeCoin will be used daily, with the expected number of 10000 customers in Breeze de Mar Orlando Project. The amount of BreezeCoin in the reserve wallet will be updated regularly.

The Company

Breeze de Mar is the brand that belongs to GAOK LLC., and GAOK LLC. is a company in the USA and a member of the Akpinar Group. Our focus is in the real estate. Akpinar Group, which has been serving in the construction sector since 1960, has worked on national and international commercial buildings, office complexes and shopping centers. Akpinar Group has relationships with international real estate funds. For the purpose of creating BreezeCoin, GAOK LLC. established a company named Breeze de Mar Limited UK. All the mortgage papers that GAOK LLC. owned were transferred to Breeze de Mar Limited UK.

Websites

BreezeCoin: https://www.breezecoin.io

BreezeCoin whitepaper: https://www.breezecoin.io/whitepaper.pdf

AirDrop: https://breezecoin.typeform.com/to/KULM1n

Breeze de Mar: http://www.breezedemar.us/

Akpinar Group: http://www.akpinarinvest.com

GAOK LLC: http://gaokinvest.com.tr/

Social Media

Facebook: https://www.facebook.com/Breeze-Coin-423127308100882/

Twitter: https://www.twitter.com/breezecoinio

Instagram: https://www.instagram.com/breezecoin.io/

Reddit: https://www.reddit.com/r/BreezeCoin/

Telegram: https://t.me/breezecoin

Source Code

GitHub: https://www.github.com/BreezeDeMarUK

EtherScan: https://etherscan.io/token/0xe12128d653b62f08fbed56bdeb65db729b6691c3

EtherDelta

https://etherdelta.com/#0xe12128d653b62f08fbed56bdeb65db729b6691c3-ETH