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PATTAYA, Thailand–(BUSINESS WIRE)–As the world of startup financing evolves from initial coin offerings (ICOs) to security token offerings (STOs), investment firms are in a race to secure lucrative opportunities for business. With that said, it is, therefore, an impressive achievement for any investment company to curate an STO for such an initiative as Thailand’s first and largest Thai Cultural Theme Park.

Via East West Capital, this year curated a security token offering for Legend Siam Theme Park Project, making it the first-ever STO for a tradition theme park in the world. As word about this deal goes around, the question in people’s minds is, “Why Via East West Capital?”

The Southeast Asia-based investment firm focuses on 100% transparency, a virtue you usually would not associate with the majority of investment platforms.

First Large-Scale Cultural Theme Park Curated by via East West Capital

Legend Siam Theme Park is an internationally renowned destination located in a popular tourist location – Pattaya, Thailand. It aims to promote the Thai culture and symbolism, and all in one experience for families and individuals throughout the world. The size of the theme park is 65 acres, with a total value of the entire project worth USD 131 Million. It has 1,000 slots available for car parking and 100 slots available for buses and with the capacity to hold 20,000 visitors.

Legend Siam Theme Park is currently operating at full capacity, with a total of 8 attraction points in operation. Attraction points such as 100 seated Show Theatre, Mirror Mezz, Haunted House, Temple Fair, Siam Village Time Machine, Queen of Naga, Lord Indra Erawan Elephant, and the floating market, which will thrill the crowd. There are about 140 shops that offer local Thai products and food – including main restaurants for all-day dining that can be seated up to 800 people.

STO is the Future of Investment

Via East West Capital tokenized Legend Siam Coins (LST) on their private blockchain. With nodeblock technology, investors can manage their investment with 100% transparency. When people discuss security tokens, they are often referring to traditional securities like stocks and bonds but tokenized on a blockchain for more liquidity and transparency. The offerings are opened to foreign accredited investors or otherwise qualified purchases.

By leveraging the flexibility of security tokens, companies are finding that different components of a company’s value can now become liquid, tradable, and investable. That is what VEWC is doing. Legend Siam Token (LST) does not only represent a new coin that is asset-backed in the market, but it also establishes a blueprint for future real estate tokenization. The future of real estate investing is one that provides global exposure, transparency, and liquidity, all of which are elements that can be delivered through VEWCs blockchain technology. VEWC has filed the offering to SEC USA under Reg D with Blue Sky Filling.

Blockchain and Transparency Are a Thing Now

Compared to traditional security transactions, which have little transparency and take a number days to settle, the benefits of security tokens are the ability to make markets more accessible and transparent, to enable 24/7 instant trading, to apply liquidity in markets that traditionally are illiquid, and to gain access to new types of investors.

One of the most appealing aspects of blockchain technology is the degree of privacy that it can provide. However, this leads to some confusion about how privacy and transparency can effectively coexist. The CEO of Via East West Capital, Shen King, however, clears the air on the issue. “We predict a rise in the potential and demand for tokenized securities because digital ownership on the blockchain provides so many advantages over legacy investments, and tech-savvy investors are seeing the value proposition in real-time.

“This addition to our business is just a natural extension of our vision for a crowd-financed world, and we provide 100% transparency to all our investors.” Despite the current bear market within the general cryptocurrency markets, Shen King explains that the STO markets still look healthy, offering his company many more investment opportunities.”

The Role of Via East West Capital (VEWC)

VEWC played an imperative role in this deal, providing a distribution platform for accredited investors to purchase tokens. VEWC was able to list the tokens filling through the SEC USA under Reg D with Blue Sky Filing. The Thai tourism industry is one of the key focuses of VEWC; this is because the trend of the tourism industry in Thailand is stable and has since grown over 38 million arrivals in 2018.

To find out more about this project between VEWC and Legend Siam token offerings, feel free to reach out to them at https://www.vewc.com/projects/legendsiamsto

Contacts

Media:

Name: Jo Shen King

email: [email protected]
website: https://www.vewc.com/projects/legendsiamsto

Business Wire , 2019-11-09 16:02:21 ,

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NewsBlock © 2019 - 2020. All rights reserved.


While Bitcoin’s price seemingly moves without rhyme or reason — collapsing by dozens of percent and embarking on face-melting rallies on a whim — the cryptocurrency market is filled to the brim with fractals.

Related Reading: Analyst: Bitcoin Price Likely to Fall to Low-$8,000s as Chart Remains Weak

A brief aside: A fractal, in the context of technical analysis and financial markets anyway, is when an asset’s price action is seen during a different time. This form of analysis isn’t that popular, but it has proven to be somewhat valuable in analyzing Bitcoin.

One recent fractal popularized by a well-known cryptocurrency trader is implying that BTC is going to return to the low-$7,000s in the coming days.

Bitcoin Fractal Implies Retracement to Low-$7,000s

A well-known crypto trader going by “Tyler Durden” on Twitter recently posted the chart below, which shows that a Bitcoin price fractal may be playing out. The fractal has four phases: horizontal consolidation marked by one fakeout, a surge above the consolidation phase, a distribution, then a strong drop to fresh lows.

If the fractal plays out in full, BTC could reach the low-$7,000s again, potentially as low as $7,100. This would represent a 20-odd percent collapse from the current price point of $8,800.

It isn’t only a fractal that is hinting Bitcoin has the potential to visit its lows. As we reported on Saturday, Bloomberg believes that if the GTI Vera Convergence Divergence Indicator flips red, a downtrend could push the cryptocurrency back to $7,300.

Related Reading: Stephen Colbert Pokes Fun at Bitcoin in Monologue: Mainstream Gone Wrong?

Can Bulls Step In?

But again, many believe it is irrational to have such bearish interpretations of the cryptocurrency’s chart at the moment. As reported by NewsBTC earlier, Popular crypto trader Mayne recently noted that the “people waiting for $6,000” are irrational. He quipped that Bitcoin retracing and consolidating after its fourth-biggest bull move in history ($7,300 to $10,500, a 42% gain) is perfectly par for the course, but noted that it’s totally possible we can go lower from $8,800.

The medium-term technicals support this.

Trader and CoinTelegraph contributor FilbFilb found that by the end of November or start of December, the 50-week and 100-week moving averages will see a “golden cross,” which he claims is far more significant” for the Bitcoin market that other technical crosses.

Also, a Bitcoin price model created using Facebook Prophet machine learning found that the leading cryptocurrency is likely to end the year at just over $12,000. What’s notable about this model is that it called the price drop to $8,000 months in advance, and forecasted a ~$7,500 price bottom for BTC.

To put a cherry on the cryptocurrency cake, Crypto Thies observed that when Bitcoin bottomed at $7,300, it bounced decisively off the 0.618 Fibonacci Retracement of the move from $3,000 to $14,000, which correlates with the two-week volume-weighted moving average. He added that summer 2019’s consolidation was marked by Bitcoin flipping major resistances into support levels, implying that a bullish reversal and subsequent continuation is likely possible in the coming weeks.

Featured Image from Shutterstock


Nick Chong , 2019-11-10 12:00:38

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