“After a long shutdown in response to the Covid pandemic, Cuba has opened up again to travelers,” said CEO Bill Justice. “Our VAYK backed properties weathered the pandemic soundly with consistent local business, diplomats and news crews renting the properties. Our management team is now on the ground in Cuba working closely with our V-Royal partner and actively expanding the property portfolio.”
VAYK has backed 10 individual beach properties in Cuba and a boutique hotel through its V-Royal partner and it plans to at least triple that portfolio in 2022 with the introduction of VAYK’s P2P finance app version 2.0 and the launch of VAYK’s cryptocurrency exchange.
VAYK plans to launch a Version 2.0 of its Vaycaychella P2P Alternative Short-Term Vacation Rental Property Purchase Application by the end of this year.
The Vaycaychella App Version 2.0 is designed to include the opportunity for short-term vacation rental property buyers to launch their own cryptocurrencies to sell and raise funds for purchases and renovations.
One-To-Many Crowdfunded Cryptocurrency Backed Projects
The upcoming Vaycaychella App Version 2.0 will add messaging that permits entrepreneurs listing short-term vacation rental property projects to interactively communicate with potential investors. The messaging function will facilitate fractional investment. Entrepreneurs will still have the ability to engage investors on a one-to-one basis (one project backed by one investor), but now entrepreneurs will also be able to crowdfund projects engaging many investors (one project backed by many investors).
The one-to-many crowdfunding investment model will be facilitated by marrying Vaycaychella 2.0 with a separate suite of Vaycaychella cryptocurrency services. Vaycaychella will provide two categories of cryptocurrency services. One will be for the creation of a cryptocurrency, and one will be for the exchange listing of a cryptocurrency.
Vaycaychella will enable entrepreneurs to create cryptocurrencies that offer buyers the opportunity to participate in the entrepreneur’s short-term vacation rental project. The project specific cryptocurrencies will permit entrepreneurs to raise up to $1 million per project. There will be no limit on how many projects any one entrepreneur can pursue.
To enhance the marketability of the short-term vacation rental project cryptocurrencies, Vaycaychella is launching its own cryptocurrency exchange where entrepreneurs can list their short-term vacation rental property backed cryptocurrencies and investors can then trade the cryptocurrencies.
To simplify the process and make it easily understandable, Vaycaychella is already working with its founding client, V-Royal, to create the first cryptocurrencies for new short-term vacation rental projects in Cuba. In conjunction with launching Vaycaychella 2.0 and the cryptocurrency services, V-Royal will have its first cryptocurrency projects underway. Other entrepreneurs will be able to study and follow the example of V-Royal’s first cryptocurrency projects.
To learn more and keep up with the latest updates at Vaycaychella, and to access the Vaycaychella App, visit https://www.vaycaychella.com/.
Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies’ contracts, the companies’ liquidity position, the companies’ ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.
William “Bill” Justice