⛪ Historic Church Purchase: Pastor Blake Bush is leading an innovative effort to raise $2.5 million to purchase the Old Stone Church in Fort Collins, CO, through blockchain technology.
💻 Modern Fundraising: Instead of traditional methods like GoFundMe, the church is offering blockchain tokens, allowing investors to purchase shares in the building.
🏷️ Stone Tokens:Initial phase targets accredited investors with a minimum $50,000 investment. Future plans aim to make tokens available to non-accredited church members at $500 per token.
🛡️ Safeguards & Governance: The building will be governed by a board, ensuring the church's mission remains intact, regardless of who holds tokens.
🔄 Long-term Vision:Pastor Bush envisions using this model to help other communities tokenize and preserve their historic buildings.
🕊️ Community-Driven Investment: While modest financial returns are projected, the primary goal is to support the church and the local community.
📜 Tax Implications: Unlike traditional donations, these investments are not tax-deductible and are subject to normal income and capital gains taxes.
🌍 Broader Impact: This could be the first of many churches to explore blockchain for property preservation, with a potential wave of church tokenizations on the horizon.