Zug (Switzerland), 30 September, 2021 – The first planned buy-back and burn process for the innovative D¥NS cryptocurrency will go ahead today, September 30, putting into practice the benefits developed by the currency’s creator, Dynasty Global Investments AG. The D¥NS cryptocurrency is uniquely referenced to the high-end real estate market, with revenue generated from the sale of D¥NS invested in Triple A commercial properties in major cities around the world. The buy-back and burn is funded with part of the rental income from the properties in Dynasty’s portfolio.
The operation, set to be initiated in Dubai, means Dynasty will reacquire D¥NS tokens currently in circulation in the secondary market and destroy them forever. The principle is similar to what happens to the Ethereum cryptocurrency, but Dynasty is the only company in the world to reference this procedure with real estate assets.
The first property bought by Dynasty is in Latin America’s financial and economic capital, São Paulo, for nearly US$ 5.5 million earlier this year. With part of the income generated from leasing the properties, Dynasty will now buy the ERC-20 tokens back to be destroyed forever with the aim to create scarcity, which may contribute to enhancing the value of the currency. The first buy-back will use just over US$ 31,000 generated from the lease of the property in São Paulo, Latin America’s thriving business and financial centre.
“This is an important moment for us, as we embark on putting into practice one of our cryptocurrency’s unique features, linked to its reference to real estate assets”, says Dynasty Global Investments AG founder and CEO, Eduardo Carvalho.
“This is a small step to further consolidate our concept, which will grow as we acquire more real estate assets around the world. We are currently actively identifying and engaging in negotiations to acquire additional properties in major centres, like here in Dubai and in Europe”, added Mr. Carvalho.
The first buy-back and burn will be initiated from Dubai as Eduardo Carvalho visits the city’s financial quarters for meetings with regional investors, attends a major family office event, identifies prospective real estate assets to acquire and develops plans to open a Dynasty Global Investments AG Dubai office to best engage with the Middle Eastern and Asian markets.
Created in 2019, the D¥NS were first sold to private investors worldwide before having a first tranche released in July of this year, through cryptocurrency exchanges aimed at Europe and Asia investors such as Exmarkets. There will be a total of 21 million tokens sold through private and public offers over the next few years, with no more D¥NS to be generated. As more properties are added to Dynasty’s portfolio, lease revenues will be used to continue with the buy-back and burn process.
What are D¥NS?
A new and unique cryptocurrency, the D¥NS are designed to bring together the benefits of both the crypto and real estate worlds by referencing the cryptocurrency to ultra-premium, ‘Triple A’ property assets to be acquired in major cities around the world.
“By linking D¥NS with real estate, we want to bring more solidity and credibility to the market”, stated Dynasty’s founder and CEO, Eduardo Carvalho. In all, 21 million D¥NS tokens will be issued in tranches, the first one released in July this year.
As tokens are sold, funds will be used to acquire more ultra-premium real estate. With revenues from the properties, Dynasty will rebuy D¥NS from the market to be burnt, increasing their scarcity.
The company started building its property portfolio even before the D¥NS’ IEO (Initial Exchange Offering) in July, by acquiring nearly 1,000 sqm of high-end commercial real estate in São Paulo’s prestigious Faria Lima Avenue for BRL 27,695,000 (US$ 5.48 million).
It is no accident that successful Brazilian entrepreneurs Eduardo Carvalho and Fabio Asdurian chose the Swiss canton of Zug as Dynasty’s headquarters when they set up Dynasty Global Investments AG in 2016. The area, known as the Crypto Valley, hosts a number of cryptocurrency-related businesses committed to follow the region’s globally recognised rules, set up to regulate the use of Blockchain technology. Dynasty also follows strict rules to prevent money laundering, including the adoption of the 1988 Know Your Client principles, developed in Basel, with a thorough process to identify buyers of its ERC-20 tokens.
What makes D¥NS unique amongst cryptocurrencies?
Blockchain-based D¥NS tokens are linked to high value real estate across the globe to bring together the best of both the digital and physical worlds. As the ERC-20 tokens are sold through the world’s major crypto exchanges, the funds generated will be used to acquire real estate assets worldwide. With the income generated from these assets, Dynasty will buy back tokens through the exchanges and burn them, leading to increased scarcity to help push up the new cryptocurrency’s value.
It positions itself somewhere in between typical cryptocurrencies, like Bitcoin, with no links to real assets and stablecoins, which are usually pegged directly to assets like fiat currencies or precious metals.
How will D¥NS be sold?
Over the next few years, a total of 21 million ERC-20 tokens will be released and sold in tranches. The first tranche, its IEO, was released on July 1st of this year, with the tokens becoming tradeable through crypto exchanges Exmarkets, Probit, Latoken and P2PB2P. More exchanges are expected to be added over the next months. D¥NS have also been sold to private investors.
What governance measures are in place?
Dynasty has signed up to best practice procedures developed for companies operating from the so-called Crypto Valley in Switzerland. This means the tokens will only be sold once the necessary checks are done based on recommended Anti-Money Laundering (AML) and Know Your Client (KYC) checks, to ensure the buyer’s identity is known and that there is no evidence of money laundering attempts.
What is Dynasty Global Investments AG?
The business is the brainchild of experienced and successful entrepreneurs Eduardo Carvalho and Fabio Asdurian. Launched in 2016 in the Swiss canton of Zug, dubbed the Crypto Valley, Dynasty set up its headquarters in an area that hosts a number of cryptocurrency-related businesses that commit to following the region’s globally recognized rules, designed to regulate companies using blockchain technology.
It also has a subsidiary in Brazil and is currently developing plans to set up operations in Dubai.
The aim is to make the D¥NS a global reference point for cryptocurrencies through its unique and innovative combination of digital and physical assets, through Blockchain technology, allowing investment and transactions to flow freely across borders through this ERC-20 token.
Carvalho started his enterprising career at the age of 19, when he halted his university degree to set up his first e-commerce business in his native Brazil. He also worked as the COO for Imovel A, a business set up by one of Brazil’s largest property developers focused on the sale of premium properties to high-net-worth individuals.
Fabio Asdurian also has considerable experience in e-commerce and property acquired during his career in Brazil. Over the past decade, he has been focusing on projects based on new technologies and real estate. He also regularly acts as advisor for the structuring of property investment funds.
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