EUROVEGAS CITY
TIMELINE
1/2023
Phase 1:
Concept elaboration of EuroVegas City
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Concept of the EuroVegas City project
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3D architectural model creation
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Creation of visualizations and animations
4/2024
Phase 2:
Tokenization of the EuroVegas City project
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Creation of the EuroVegas Land (EVL) token - the purpose of financing land for EuroVegas City
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Creation of the EuroVegas Property (EVP) token - the purpose of financing the construction of EuroVegas City
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Creation of the EuroVegas Coin (EVC) token - a speculative token as the future currency of the EuroVegas City complex
5/2024
Phase 3:
Financing solutions, analysis and studies
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Preparation of financial studies and project viability analyses
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Assembling initial private investors and investment groups
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Setting investment strategy and objectives
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Resolving legal steps regarding the establishment of a private investment fund
6/2024
Phase 4:
Determination of the construction location, legislation, construction budget
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Research and search for suitable locations for the construction of EuroVegas City in Europe.
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Bringing together potential investors.
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Initial cost estimates for the construction of EuroVegas City.
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Legal consultations regarding the establishment of a private investment fund in Cyprus.
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Initiation of the setup and launch of the EVC token on the Ascendex exchange.
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Resolving legislation in Europe for the tokenization of a real estate project
7/2024 - 6/2025
Phase 5:
Determination of construction location, business entity, launch of EVC token on the exchange
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The construction location will be Spain.
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The business entity will be a company type: public limited company.
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The business entity will be established in Cyprus.
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Launch of the speculative EVC token on the Ascendex crypto exchange.
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Waiting for legislation and legal anchoring for tokenization in Cyprus.
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We have suspended the offering of EVC tokens on the Ascendex exchange due to changes in legislation and the determination of the token issuer.
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Cancellation of EVL and EVP security tokens for financing the purchase of land and construction of EuroVegas City
7/2025 - 10/2025
Phase 6:
Regulation and incorporation of a new company
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The process of establishing a public stock company EuroVegas City Group PLC (Cyprus).
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Preparation of all necessary documents and legal processes for the launch of the first private sale of shares in EUR or via the cryptocurrency USDC (legal basis: EU regulation - prospectus exemption up to a limit of EUR 5 to 8 million, depending on the limit of a specific EU member state). This offer will be in accordance with Article 3(2) of Regulation (EU) 2017/1129 and is exempt from the obligation to prepare a prospectus as its total value will not exceed EUR 5 or 8 million (depending on the limit of the EU member state) over a period of 12 months.
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The processes leading to obtaining a license for the public sale of shares from the regulator CySEC (Cyprus) already during the launch of the first round, when it will be clear that the limit of 5 or 8 million EUR from the sale of shares may be exceeded sooner than in 12 months.
10/2025 - 11/2025
Phase 7:
Search for land, launch of the sale of 1 share issue
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Creation of a business network to search for new investors.
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Media cooperation to publicize the launch of the sale of 1 share issue within the limit of EUR 5 million.
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Negotiations with real estate agents in Spain to find suitable lands in the Los Monegros area.
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Negotiations with the Ascendex exchange to set up and relaunch the EVC token.
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Preparing to launch the sale of 1 share issue with a limit of up to EUR 5 million.
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Negotiating with financial partners to ensure payment processing and conversions for the purchase of shares via the USDC cryptocurrency.
11 /2025 - 1/2026
Phase 8:
Launch of the sale of 1 share issue with a limit of up to EUR 5 million
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Launch of sale of 1 issue of shares (B) of EuroVegas City Group PLC with a limit of up to EUR 5 million
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Negotiations with real estate agents regarding the search for suitable land in Los Monegros (Spain).
1 /2026 - 6/2026
Phase 9:
EVC Token, Land Purchase, Phase 1 Completion
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We expect to launch EVC tokens on the Ascendex exchange.
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We expect to identify specific land plots for sale.
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The process of obtaining a license for a public offering of shares for 2 issues of shares up to EUR 20 million.
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We expect to raise capital to purchase these lands.
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We expect the successful completion of the sale of shares (issues 1 and 2) for the first phase of financing the land purchase.
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Realization of the land purchase for the construction of EuroVegas City.
7 /2026
Phase 10:
Construction of EuroVegas City
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After the successful sale of shares to achieve Phase 1 of financing (successful purchase of lands), the preparation of the second phase of financing the construction of EuroVegas City follows.
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Determination of issues for financing the construction stages - construction costs.
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Commencement of the sale of shares (2nd and 3rd issues) to secure financing for the construction project, preparatory construction works and the first resort, including infrastructure.
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Obtaining a building permit.
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Preparatory work for construction.