Topic: [ANN] Kexcoin - Introducing student accommodation to the blockchain - page 6. (Read 9964 times)

My first concern is just that.  Why don't you have your registration number on the website?  What are the possible reasons for not listing your registration number?  Registration numbers are for identification purposes.  You said it yourself, you found 27 different listings.  Which one is this?  You can have 1,000 subsidiaries but your holding corp. still has 1 registration number.

It's not what "I" am describing, it is what is REQUIRED by the UK Govt. for EVERY company.  Just seems dumb NOT to use it (if you have it).

Other concerns?

Why are they crowdfunding if they have 27 other companies and thousands of units?  Isn't crowdfunding for startups?  Why are they using an ICO?  What purpose does it serve them?  Why not equity?  Why not any other traditional financing or crowdfunding? 

What are they using the money for?  Just more property?  They are a successful company that wants "me" to pay for their property (which they will own) and then they will "maybe" give me back a 6%?  So I can get my principle back in 15 years?

They do have a "30 Year Bounty" so maybe they are just really, really, long term thinkers?

To be honest, I was excited to see a student housing project but the deeper I look, the less appealing it is.  Who know?  I know it's not easy to be under heavy scrutiny and maybe they can answer all this stuff.  I would even give them more leeway except for what you said, there are 27 companies so again... why do they need MY money?

Kexgill are the company behind Kexcoin. The companies that you are seeing are all part of the Kexgill group however I believe there are 15 not 27?? Also the two main directors of Kexgill are also Directors of Kexcoin Limited. Kexgill has been around for 39 years and is an award winning company. Please do look into them in great details as I believe it will offer assurance as to what we are planning to achieve and the serious nature that we are tackling this project with.

I found 27 separate companies for their different locations registered under Kexgill, so I am not sure how that would work with what you are describing. Did you find any discrepancies or a cause for concern about Kexgill?

I found 27 separate companies for their different locations registered under Kexgill, so I am not sure how that would work with what you are describing. Did you find any discrepancies or a cause for concern about Kexgill?

Brilliant idea but somehow this project will seem to he limited to only a few countries and by that i mean not everyone who owns the coin can benefit from it due to their geographical locations i stand corrected anyway.

1. It is a UK Gov legal requirement to have your registration number on your website, is there a reason you are lacking this fundamental requirement?

2. I don't understand your calculations.  You say the company will distribute 50% of the rental income which you would expect to be a gross yield to be 8-12%, then you say the net profit will be 25-30% less than the gross yield... or 9% (12% x .75)... if you made the max. 12% and distributed 50%. that would be 6%?

3. What is a "bounty at the end of the 30 years"? Was that a typing error?

4. Who are your competitors?  How will this change anything?

5. Is there any reason you are rushing it and not taking the time to show a more professional presentation?

I don't mean to be harsh but it seems this project is being done on a whim... you seem to change your direction with every opinion.

It's "almost" a good idea but it seems a little scammy the way it is all thrown together.

1. It is a UK Gov legal requirement to have your registration number on your website, is there a reason you are lacking this fundamental requirement?

Base on what I understand and read about this campaign, this lroject is really nice because they are actually focusing on students were eventually totally help them in so many ways.

Kexcoins are cryptocurrency tokens that allow anyone to participate in a student property crowdfund with the click of a button. Those funds are then used to buy in the student investment property market which brings reliable returns.

Our vision is to build a new funding network through the use of the blockchain, making it available for almost anyone in the world to participate, in any amount, large or small.
We are unique in the business as we are already supported by an existing infrastructure. Kexgill an associated company to Kexcoin has been investing and growing their European portfolio for almost 39 years. With an experienced team, they are an award winning student provider, owning almost 3,250 beds throughout the UK and 360 multi-family apartments in Germany.

Key Information
When will the ICO be launched?
You can place buy orders now for fulfilment at 15:00 UTC 15th September 2017

How long will they be on sale?
30 days (15 September 2017 – 14 October 2017)

How many are being sold?
8,500,000 KEXCOIN

What is the rate/value they will be sold at?
0.0025 BTC = 1 KEXCOIN

How to connect with us
You can get in touch with us via Facebook, Twitter, Telegram, Bitcoin Forum, Bitshares Forum.


How will participants benefit?
Once per quarter on a pre-announced date, we will take 50% of the net profits generated by the rental income from the properties and use it to buy back as many KexCoins as we can.
Participants will be able to offer their KexCoins for sale on the market and we will buy them back starting with the cheapest first.

Once the buyback budget has been exhausted, all KexCoins purchased within that budget will be permanently burned. This reduces the total remaining supply and increases the scarcity of the coins that remain, thus inflating the price.

The remaining 50% net profits will be reinvested in further investment property to speed up the buyback process.


What does the KexCoin team get out of this?
10m KexCoins have been created. This is the total number that will ever exist.
10% of this amount (1m KexCoins) will be retained for the core team.
An additional 5% (500k KexCoins) will be retained for contingencies.

The remaining 85% (8.5m KexCoins) will be sold to participants during the ICO.
In order for the KexCoin team to profit, KexCoins must be worth something. This will only happen if the project is a success.

When a core team member wishes to take some profit, they would have to sell their coins on the market in exchange for Bitcoin in the same way as an ICO participant does. The core team are not allowed to sell or trade their kexcoin for a 1 year period after the ICO.


What happens if you don't sell all the coins during the ICO?
Any coins that are left unsold when the crowd funding period closes will be immediately and publicly burned.


Useful Links
Website
Whitepaper
Step-by-step guide to participate

....but i also do not invest in ico's that do not deliver at least 2000 community

You're on it. 

where announcement thread ?