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Binance: a crypto auction for an Australian property
Binance: a crypto auction for an Australian property
Crypto

Binance: a crypto auction for an Australian property

By Alfredo de Candia - 13 Mar 2019

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Next month, a property in the city of Casuarina, Australia, will be put up for auction – in collaboration with the Binance exchange – and it will be possible to use certain crypto to participate.

The James Pratt Auctions agency has in fact entered into a partnership with both Binance and the NuYen exchange in order to have the logistical support on the crypto side. The company Trigon Trading, instead, will support the exchanges for a possible transaction in bitcoin (BTC).

The property, called “The Jetsons”, can be bought using bitcoin (BTC) and Binance Coin (BNB).

The building, located on the beach – consists of 5 bedrooms, 3 bathrooms, 3 parking spaces, an Olympic swimming pool and much more, for a total of 841 square meters.

binance crypto auction

 

binance crypto auction

This auction is the first of its kind, as confirmed by Binance CEO Changpeng Zhao in a tweet:

It all starts next month, on April 8th, 11 am AEST, and to participate it will be necessary to register in advance on the official website of the real estate agency.

Real estate industry and crypto

This is certainly the first crypto auction of its kind, but it is not the first time that the real estate industry has been interested in collaborating with companies in the blockchain sector or even in tokenising real estate.

Just yesterday, in fact, the news was announced that Emaar Properties – the company behind the largest skyscraper in Dubai – wants to launch an ICO and its own blockchain platform.

Whereas a few weeks ago, there was mention of the initiative of Inveniam Capital Partners wanting to tokenise 4 real estate projects using the Ethereum blockchain for a total of 260 million dollars.

And that’s not all: in Malta, in November, a building in the historic centre was put up for sale accepting also payments in bitcoin (BTC). Malta, it is worth remembering, has also been dubbed Blockchain Island, precisely because of its commitment to remain at the forefront of the industry and also to adopt crypto-friendly regulations.

Alfredo de Candia
Alfredo de Candia

Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.

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