Developer launches cryptocurrency-friendly bond to build self-powered Arctic hotel

Miris, a Norwegian technology and property investor, has launched a blockchain-based green finance framework with a €100m bond to fund the first “energy positive” hotel in the Arctic Circle powered entirely by renewables.

Scheduled to open in 2023, the off-grid Svart Hotel will save 85% of its annual energy consumption and harvest enough solar energy to cover the hotel operations, its boat shuttle operation, its greenhouse farm and the energy needed to construct the building.

Norwegian architect Snøhetta revealed its design for the hotel in 2018.

Miris said the use of blockchain technology to issue bonds gives full traceability of the performance of the green assets.

See Miris’ promotional video for the Svart hotel here:

It launched the €100m green bond in February 2021 and will give access to it through the euro-based EURxb cryptocurrency.

Contractors will use ‘smart contracts’ via the crypto platform.

Bond-holders can exchange their holdings to EURxb while crypto holders can also trade the bond via the platform.

Miris said this will enable greater fluidity between the traditional bond market and the fast-growing crypto market.

EURxb yields an annual interest of 7%.

Miris founder and chief executive Jan Gunnar Mathisen said: “Partnering with EURxb.finance completes the ‘Green Circle’ in our Green Finance Framework, further enhancing transparency and accountability, and provides a bridge between bondholders and the fast growing crypto market.

“Miris is all about finding a better way. Our vision is to finance and develop a portfolio of properties that are elegant, cohesive with their environments and entirely self-sustaining in terms of energy production and consumption, all across Europe.

“Bridging the old and the new financial systems has been a goal for Miris for a long time. To enable the best properties from both worlds is no longer a goal - it’s a reality. I would consider this to be a gamechanger.”

Image: Norwegian architect Snøhetta revealed its design for the hotel in 2018 (Supplied by Miris)

PS. In our blog pages we got hidden links where you can earn cryptocurrency for free.

Comments

Cryptocurrencies Adding to the Safety and Security in the UK Gambling Industry

These are exciting times for the UK gambling industry. The impact of internet technology is now being felt with online gambling now controlling the industry. The adoption of cutting-edge technology is reasonable for the boom in the industry. From live casinos, mobile apps to artificial intelligence, incredible trends continue shaping the gambling industry. However, it is the rise of cryptocurrency casinos that seeks to redefine UK gambling. Many operators now include crypto coins such as bitcoin, Ethereum and Litecoin as part of their banking methods. Others offer exclusive bitcoin payments and promotions based on digital tokens. This revolutionary trend has a huge impact due to enhanced safety and security on these platforms. Players looking for peace of mind when playing online now opt to use cryptocurrencies. This post looks at how cryptos guarantee the safety and security of players at online casinos. How Cryptocurrency Gambling Works There’s a lot of talk about cryptocurrency,

Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

Customers in those countries who send crypto outside their Coinbase accounts must provide recipients’ names, addresses and in some cases, additional information, as of early April. Cryptocurrency exchange Coinbase Global (COIN) will soon require its customers in Canada, Japan and Singapore who send cryptocurrency to another financial institution or exchange to provide the name, address and in the case of Japan, the destination wallet of the recipient. Coinbase has been sending notices to its customers in those countries that the changes will take effect in early April in order to comply with local travel rules in those places. Coinbase didn't immediately respond to requests for additional comment on the moves, but confirmed that they were taking place. The move does not seem to be going over well with Coinbase customers in those countries, who value the anonymity of transactions using cryptocurrency. According to a FAQ provided by Coinbase , for Canadian users, sending more th

Farm GRASS earn MONEY

Use your Unused Internet Bandwidth to make $$$ In today’s interconnected world, the concept of passive income has taken on new dimensions, offering innovative ways for individuals to monetize underutilized assets. One such groundbreaking avenue involves earning money by selling your unused internet connection. By participating in decentralized networks like Grass, individuals have the opportunity to turn their dormant bandwidth into a valuable asset, contributing to a fairer and more equitable digital landscape while generating income. Grass is a decentralized network sharing application designed to offer an alternative to existing centralized networks. It allows users to sell their unused bandwidth directly, without the need for exploitative middlemen. The platform operates by enabling users to download a web extension that runs in the background, assisting others in accessing public web data in exchange for payment using the protocol’s native token. How to get started with GRA

Crypto Ethone

Search This Blog