A Colorado church group makes $2.5M a prayer.
A $2.5 million effort by affiliated church groups to purchase a building named “Colorado Chapel” has marked the original chapel.
Pastor Blake Bush, who leads the project, said he was compelled by a higher power to use blockchain technology as a tool to advance the group's mission.
Make a simulation of the building
According to the Forbes report, Bush's congregation and other church groups leased the building from the owner, a local businessman and car dealership owner.
The building, which has an area of 11,457 square feet and is called the “Old Stone Church” because of its stone exterior, was purchased by its current owner at a cost of $2.2 million. Bush and the Colorado House of Prayer group are reportedly planning to buy the building for $2.5 million
Bush said he came up with the idea for the building's token — a digital asset on the blockchain that could be divided into shares — after a spiritual experience.
Bush told Forbes: “I heard the Lord say, ‘Consecrate the building.'
Blockchain and real estate
To fulfill his mission, Bush and his team created a digital asset called “Stone Coin” that will be used to raise funds for the purchase of the Old Stone Church. The coin is tied to a real estate token created by REtokens and running on the Polymesh private blockchain.
As with any token project, the results will depend on the amount of positive token-flow and reactive value. The project is said to have raised half of its goal and is looking for investors.
In the future, a token board that includes Bush and other religious leaders, as well as the mayor of a nearby city, plans to open token sales to non-believers. Although this could put digital asset ownership at risk of foreign control, Bush doesn't seem too concerned about that.
For example, when it was suggested that Satanists might eventually run the church, Bush said he would be grateful to “introduce you to Jesus.”
Related: Religious leaders go to church and argue by example.
