RTS-NFTs Auctioned By Indonesia’s Boutique Resort For Hotel Perks

Spotlight

  • The RTS-NFTs are being auctioned in Indonesia by a boutique resort the Binance Smart Chain-based NFT marketplace, for various hotel benefits.
  • The recently resumed Kunang Kunang project auction has already started on July 26, 2021.
  • All RTS-NFT holders will also receive a special NFT holder benefit package during their stay at the resort on their RTS-NFT date.

The Indonesian Resort

In Indonesia, a boutique resort is auctioning its RTS-NFTs on Refinable, the Binance Smart Chain-based NFT marketplace, for various hotel benefits. The blockchain property investment platform, LABS group, raised a great amount of $3,650,000 for Kunang Kunang Resort with NFTs. So, Kunang Kunang Glamping Resort is the first community project in the world to be split into Reward Timeshare (RTS) NFT. NFTs are changing the way investors build a diversified portfolio. It provides low transaction costs, access to various assets, and the ability to trade 24 hours a day, 7 days a week. 1095 RTSNFTs were bid for NFT auctions, and 3 RTSNFTs were submitted every day of the calendar year.

Besides, the people who are interested in the auction can purchase RTS-NFT with low barriers to entry and many advantages. By splitting the Kunang Kunang Resort, LABS Group is making it available for everyone to invest in resorts and hotels.

The CEO of LABS Group, Yuen Wong, quoted:

“LABS is a digitized real estate investment ecosystem powered by blockchain. With that, we make real estate investment possible for everyday investors. We could bring deals directly to everyday investors, cutting out the middlemen to bring extra value. Furthermore, LABS has made cross-border real estate investment easy, and has carried out all the due diligence for our investors.”

The Auction

The recently resumed Kunang Kunang project auction has already started on July 26, 2021. Bidders in the auction can participate in two ways. They can either auction or they can immediately purchase the NFTs. The auction started on July 26 and lasted 7 days. Interested bidders can bid for the RTSNFT they want on the Refinable market. Also, in the auction, the starting price of 365 RTSNFTs is US$3,333.  Also, these NFTs are now available for purchase on the Refinable platform. From 1 PM onwards on the 26th of July, 730 RTS-NFTs were reserved for immediate purchase. The starting price is $3,999. However, seasonal rates may be different. This is because the RTS-NFTs from July to September are fixed at $4333 USDT. On the other hand, the NFTs that fall on special days are fixed at $4666 USDT.

Various Rewards And Benefits Coming With RTS-NFT

The owners of RTS-NFT are entitled to a lot of benefits. These benefits include 30 years of staying rights, freedom to swap, trade, and more. In addition, by making any first bid in the RTS-NFT auction, the top 100 bidders can receive a cashback of $200. Moreover, all RTS-NFT holders will also receive a special NFT holder benefit package during their stay at the resort on their RTS-NFT date. The package will include:

  • 50% off on any onsite consumption
  • Limousine transport to Kunang Kunang Resort
  • 20% off on any off-site consumption (i.e. excursion, local tours)
  • Set Breakfast for two
  • In-room welcome treats

You can also check out how Burberry is entering into the world of NFTs