Miracle Estate Breaks Ground on Project Aimed at Solving Cyprus’s Real Estate Challenges with NFTs

The
highly
anticipated
groundbreaking
ceremony
for
the
new
hotel
and
residence
complex,
Phoenic
Hera,
in
Northern
Cyprus
took
place
on
Friday,
October
11^th.
Miracle
Estate,
a
subsidiary
of
Miracle
Technologies
Group,
which
develops
asset-backed
blockchain
projects,
decentralized
finance
solutions,
and
mobile
POS
technologies,
has
laid
the
foundation
for
its
new
hotel
and
real
estate
project,

Phoenic
Hera,
powered
by
blockchain
and
advanced
technological
infrastructure. 

The
real
estate
project,
which
will
feature
a
hotel
and
residence
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
enjoy
free
stays
throughout
the
year
and
access
to
all
hotel
amenities.
They
will
also
earn
rewards
from
the
hotel’s
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
the
benefits
for
NFT
holders.

Located
in
one
of
the
most
valuable
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
cost-effective
alternative
to
the
rising
housing
prices
and
shrinking
real
estate
investment
opportunities
in
the
area.
The
groundbreaking
ceremony,
held
on
Friday,
October
11th,
marked
the
official
start
of
the
project.

“We
are
breaking
new
ground
in
both
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
offer
investors
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
both
the
hotel
and
residence
projects.”

Phoenic
Token
is
more
than
just
a
token.
It
is
the
fuel
behind
groundbreaking
projects
like
this
one.
As
part
of
the
Phoenic
ecosystem,
it
powers
a
new
generation
of
digital
currencies
and
asset-backed
investments,
allowing
holders
to
tap
into
unique
ventures
and
strengthen
their
positions
in
the
evolving
market.

“Turning
real-world
assets
into
Utility
NFTs
in
the
real
estate
sector”

The
construction
process
for
the
project,
which
is
expected
to
generate
$600
million
in
benefits,
is
planned
to
be
completed
within
three
years.

Hakan
Törehan
shared,
“Once
the
project
is
complete,
investors
will
be
able
to
enjoy
all
the
services
of
this
hotel
complex
for
free
every
year.
They
will
track
their
reward
streams
in
real
time
through
the
Miracle
App,
and
thanks
to
the
financing
provided
by
products
like
Node,
Leveller,
and
Exchange,
which
power
the
Miracle
ecosystem,
investors
can
make
real
estate
investments
at
more
advantageous
prices.
Miracle
Technologies
Group
will
also
invest
in
Phoenic
Token,
a
utility
token.
This
groundbreaking
ceremony
is
the
strongest
proof
that
we
are
playing
a
pioneering
role
in
the
intersection
of
the
real
estate
and
blockchain
sectors,
transforming
real-world
assets
into
Utility
NFTs.”

Hakan
Törehan, CEO
of
Miracle
Cash
&
More. also
emphasized
that
Miracle
Estate
is
the
real
estate
and
tourism-focused
subsidiary
of
Miracle
Technologies
Group,
a
global
leader
in
blockchain
technologies.

Törehan
concluded
his
remarks
by
stating:
“In
May
2024,
we
announced
that
we
would
launch
a
blockchain-based
hotel
and
real
estate
project
in
Northern
Cyprus,
a
region
known
for
its
real
estate
and
tourism
projects.
With
the
groundbreaking
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
across
the
Miracle
Technologies
ecosystem
and
can
be
accessed
via
various
exchanges.
Investors
who
purchase
the
Phoenic
Hera
Hotel
NFT
can
easily
benefit
from
the
project,
including
the
option
to
acquire
additional
Phoenic
Tokens.”

For
more
information
about
Phoenic
Hera,
visit www.phoenichera.com