Real Estatepaid with Crypto
The Silent King Society offers a worldwide unique gem as NFT. The world’s first water castle is ready to be minted.
This castle is the first of its kind being sold using a smart contract on the blockchain. Located in the middle of the Austrian Alps, the castle has not lost any of its glamour since being built in the 17th century. Surrounded by a moat, the building is designed in the same style as the Castle of Versailles, home to the last King of France Louis XIV. Typical for the architecture is the two-storey building, which contains a ballroom that extends to the top floor. This main building is connected by low wings enclosing the courtyard to two pavilions, also on two floors.
Highlights:
- 2500 sq./Meters
- 8 Apartments
- Completely renovated
- Elegantly furnished
- Inhouse grocery shop
- Castle Restaurant
- Own Escape Room
- Torture Chamber
- Automated heating
- Breath-taking frescos
How it works:
- The buyer of this NFT has the verified right to acquire the company Integer-Holding, which is also the owner of this unique castle. Therefore, also international buyers can acquire this dreamlike real estate which is located in the heart of Austria.
- The creator commits to maintaining and managing the property for 3 years. A yield of 3% per year for 3 years (333.333 €) is contractually guaranteed.
- The company as well as the entire real estate are sold unencumbered.
- The owner of the NFT is entitled to buy the company, as long as he/she holds the NFT in his/her property.
- The NFT with the right to buy the company Integer-Holding GmbH is transferable and can be traded at will.
- The NFT creator (Integer-Holding GmbH) is bound by contract to transfer the company to the owner for the obligatory amount of 1 € and therefore to transfer the water castle into the property of the NFT acquirer.
- For the purchase of the real-estate 6 weeks are required after inspection for the contract arrangement and the transfer of ownership of the company Integer-Holding GmbH (owner of the castle).
- A fiduciary settlement with a lawyer certified in Austria after the choice of the buyer is ensured.
- The NFT must not be minted until a Letter of Intent has been signed and the DUE diligence has been completed under the fiduciary supervision of a lawyer.
Benefits
Stability of Value
The volatile crypto market offers no stability in terms of value. To avoid crypto crashes, our NFTs offer real-world assets connected to the metaverse. Even if Ethereum plummets to zero, you own an NFT can be traded in for a real-estate whenever you want.
Secure Transaction
As all legal documents are stored on the blockchain, the transaction of the NFT is fraudproof and cannot be manipulated. This includes the information of the real estate and the legal contract between us and the holder of the NFT.
Wear and Tear
As the real-estate is in our possession, we make sure that the real-estate is in perfect condition and pay all bills until a new owner appears. This ensures that the real-estate is intact, even if the NFT has been traded several times. As long as the property hasn’t been legally transferred and the NFT burned, we guarantee perfect condition.
Fees
Usually, buying real estate requires fiat money. This causes a huge problem when a large proportion of your income comes from crypto currencies and the flipping of NFTs, as once you turn cryptos into fiat, fees and taxes will be deducted. However, if you buy your real estate directly with cryptocurrencies, none of these will be applied, enabling you to buy more real assets with less fees.
Status
Of course, your Bored Ape or Cyptopunk represents your status well, yet our NFTs represent possessions that always have and always will be of value. As long as NFTs can’t be displayed at daily encounters, we truly believe that luxurious accessories will remain inevitable to portray superiority, especially for people who don’t understand that NTFs are more than just JPEGS.
