The much-anticipated groundbreaking ceremony for the new Phoenic Hera hotel and residential complex in Northern Cyprus took place on Friday 11 October.th. Miracle Estate, a subsidiary of Miracle Technologies Group, which develops asset-backed blockchain projects, decentralized finance solutions and mobile point-of-sale technologies, has laid the foundation for its new hospitality and real estate project, Phoenic Herapowered by blockchain and advanced technological infrastructure.
The real estate project, which will include a hotel and residential complex, will be located in Northern Cyprus, just 50 minutes from the airport and 60 minutes from two major city centers. Investors who purchase NFTs to participate in the project will benefit from free stays throughout the year and access to all hotel amenities. They will also earn rewards through hotel operations, trade their NFTs, and acquire Phoenic Token, the native token of the Miracle ecosystem. As part of the project, Miracle Estate plans to invest a portion of its revenue into Phoenic Token to enhance benefits for NFT holders.
Located in one of the most popular investment areas
The complex will be built in the heart of a region that has been consistently recognized by Forbes Magazine as one of the most valuable investment areas in Northern Cyprus since 2021. As part of the Phoenic Token strategy, the project offers a profitable alternative to rising property prices and diminishing property investment opportunities in the region. The groundbreaking ceremony, held on Friday, October 11, marked the official start of the project.
“We innovate in the physical and digital worlds,” said Hakan Törehan, CEO of Miracle Cash & More. “By converting our hotel and real estate project in Northern Cyprus into blockchain-based utility NFTs, we provide investors with comprehensive benefits. Those who acquire Utility NFTs from the hotel project will also become Phoenic Token holders, investing in this growing ecosystem and gaining usage rights in the hotel and residence projects.
Phoenic Token is more than just a token. This is the driving force behind revolutionary projects like this. Part of the Phoenic ecosystem, it powers a new generation of digital currencies and asset-backed investments, allowing holders to leverage unique businesses and strengthen their positions in an evolving market.
“Transforming real-world assets into utility NFTs in the real estate sector”
The construction process of the project, which is expected to generate $600 million in profits, is expected to be completed within three years.
Hakan Torehan sharing, “Once the project is completed, investors will be able to enjoy all the services of this hotel complex for free every year. They will track their rewards streams in real time through the Miracle app, and with funding provided by products like Node, Leveller and Exchange, which power the Miracle ecosystem, investors will be able to make real estate investments at more favorable prices. Miracle Technologies Group will also invest in Phoenic Token, a utility token. This groundbreaking ceremony is the strongest evidence yet that we are playing a pioneering role at the intersection of the real estate and blockchain industries, transforming real-world assets into utility NFTs.
Hakan Torehan, CEO of Miracle Cash & More. also highlighted that Miracle Estate is the real estate and tourism-focused subsidiary of Miracle Technologies Group, a global leader in blockchain technologies. Torehan concluded his remarks by stating: “In May 2024, we announced the launch of a blockchain-based hotel and real estate project in Northern Cyprus, a region known for its real estate and tourism projects. With the inauguration ceremony in the first days of the fourth quarter of the year, we reinforced our belief that projects capable of overcoming regional and cyclical challenges can emerge from the intersection of traditional sectors and new technologies. Phoenic Token, which is not an ordinary utility token, powers unique projects in the Miracle Technologies ecosystem and is accessible through various exchanges. Investors who purchase the Phoenic Hera Hotel NFT can easily benefit from the project, including the opportunity to acquire additional Phoenic tokens.»
For more information on Phoenic Hera, visit www.phoenichera.com
