Paris Hilton’s Father to Sell $38M Mansion for Crypto

Palazzetto mansion is designed by the Michelangelo's apprentice architect Giacomo della Porta
19 June 2018   692

Owned by businessman Rick Hilton, the father of the reality show star Paris Hilton, the elite real estate company Hilton & Hyland announced the sale of the Roman mansion of the XVI century at a cryptocurrency auction, CCN reported.

Located in the historic center of Rome, the Palazzetto mansion, designed by the Michelangelo's apprentice architect Giacomo della Porta, has 11 bedrooms and 15 bathrooms. Palazzetto will be put up for sale on the decentralized trading platform Propy for $ 35 million.

Propy uses blockchain to eliminate the complexities associated with cross-border transactions. The mansion in Rome will be the most valuable asset in the company's portfolio and the most expensive real estate object that has ever been sold for a cryptocurrency.

The auction shows real estate’s growing trust in blockchain and provides crypto investors an opportunity to diversify and solidify their portfolio with a trophy asset.

Rick Hilton

Co-founder, Hilton & Hyland

In 2017, 20 houses were sold for cryptocurrency, including a house in Miami with seven bedrooms at a price of 455 bitcoins (equivalent to $ 6 million).

Binance to Change Launchpad IEO Rules

25 March 2019   1

Binance announced a change in the format of the next tokensale on the Launchpad platform to a lottery. At the same time, the number of lottery tickets per account will depend on the size of the steak in the BNB for 20 days before IEO.

Note that one account can get up to 5 lottery tickets. Winners will be selected by randomizer.

BNB Balance to Lottery Tickets Ratio
BNB Balance to Lottery Tickets Ratio

It is noteworthy that within 20 days before the lottery, the BNB-deposit snapshot will be carried out daily at 0:00 UTC to monitor the fulfillment of the conditions.

Each winning ticket will grant the right to purchase tokens for a fixed amount in BNB equivalent. As soon as the user informs the exchange that he is ready to use a certain number of tickets in case of their winnings, this obliges him to purchase tokens and the money will be debited automatically.

Binance acknowledged that the price of BNB may fluctuate due to daily snapshots, and its potential decline may not be covered by the benefit from the new token, and encouraged users to make informed decisions.

In addition, Changpeng Zhao urged the community to comment on the new format in a separate Twitter thread in order to make the necessary feedback-based changes, if needed.

During the Celer Network tokensale on the Launchpad platform again had bandwidth problems; many people did not manage to purchase tokens.