Topic: [ANN] Prime-Ex Perpetual - Bringing Real Estate Profits to YOU! - page 45. (Read 20690 times)

I was reading a bit about Chiriqui, I didn't know it was such a growing destination for for luxury housing, they have beaches, mountains and rivers. You name it. Now I know more why Prime-ex has chosen Panama for their target market. it's Paradise for one! and what other better way to invest but in a Paradise! There is a lot more I want to know about this area as it is a focal point of the project. I recommend everyone in here to read up on the place it is very fascinating, it really makes you want to be a part of the Prime-ex Structure.

I would like to know how are the utilities paid? Are they paid in the fiat or PEXTokens? I'm guessing since all utilities will still be linked to local power and water grid it would be paid in fiat?

I think you have a problem with your browser or internet connection.
Bounty portal is working properly. And the portal is one of the fastest and most user friendly bounty portal i ve ever seen 

The Bounty program is working fine for me as well. Everything seems to be running smoothly. I wanted to ask Prime-ex , How many establishments are planned for Chiriqui? Or is it one big Complex?

Don't know what you're seeing.  It's up from our end.  Just clear your cache and navigate to bounty.prime-ex.com.  You can also re-load your page while pressing shift.

thanks!

Bounty portal is still down. This horsepower upgrade must be quite the beast

hi,
  Is bounty program still running? Most of the facebook and twitter posts pending approval.

Hmm , that was good to clarify and know. I also wanted to post a link to Chiriqui Province in Panama where the project will be constructed. It is so beautiful. I feel like moving there. Here is the link
https://www.lonelyplanet.com/panama/chiriqui-province

Hi there Mihaylovic,

Thanks for your interest in Prime-Ex Perpetual!

To answer your question regarding how we will pay profits to the existing token holders, our initial choice in thinking through the profit distributions was to pay the profits out in Waves tokens.  The reason for this is that supply for PEX-Tokens are fixed and no new PEX-Tokens will ever be generated.  I am open to and happy to be corrected in my logic here...

Let's say $2,000,000.00 in USD-equivalent profits are generated for Prime-Ex Perpetual in our ongoing concern.

Let's say that cryptocurrency-loving Jamie Dimon owns 20,000 PEX-Tokens

Jamie would be due $2,000,000.00 X (20,000/30,000,000) = $1,333.33

The question becomes how is Jamie paid?

We thought about paying in PEX-Tokens.  But what does that look like?  Prime-Ex would enter the market to purchase PEX-Tokens, and then pay back PEX-Tokens to the remaining PEX-Token holders, or the PEX-Token holders before we made the purchase?  Is Prime-Ex now a token holder and it's going to pay itself a proportional share now?  These questions were put to rest by us by making the decision to simply pay out our profits in Waves.  First, it's a very nice support of our growing platform.  Second, PEX-Token holders who wish to hold PEX-Tokens instead of Waves would then only need to convert their Waves to PEX-Tokens by buying them on the open market, thus perpetuating the demand for PEX-Tokens.  We felt this was the best way to go about it in the most logical manner that we could think of.  Hope that helps!

That's true actually, they are a lot of platforms that pay the profits or Rewards in Ether. In this case it's waves. The value will be equivalent to whatever the amount in USD. So it will all balance itself out. But if Waves appreciates which I do see happening that is a double benefit for PEX tokens holders.

I don't understand the question at hand. So, if Prime-Ex decides to distribute 80% of its profits, what is the difference if they do it through PEX-Tokens, Waves or Bitcoin?

To me, the point is that Prime-Ex will distribute 80% of its profits to PEX-Token holders. Using Waves, or PEX-Token, is a logical way to do it. Am I missing something?

Their whitepaper says there will be only 30,000,000 PEX-Tokens created ever.

But why would they distribute Waves tokens to PEX Holders? Would it just be to support the platform more going forward?

You are right. this profit payment issue is not enough clear in the white paper. We need a clarification for it.
it should be payed with either a new generated token or waves tokens...

@Stavri - whitepaper page 13 makes it look like Prime-Ex plans to buy Waves Tokens with the profits, and distribute those Waves Tokens among PEX Token Holders.

@Prime-Ex - Is this the right interpretation?

If this is true, the justification for a waves wallet is even stronger. This seems to make sense, in my limited understanding of the cryptoworld.

They have a very fair distribution for the token generation. And I am happy to see the bounty website up and running again, it seems to be running faster than before. I guess that was a upgrade on servers. That's a good sign that they are always up to date with things and fast.

I'm quite new to the Waves Client and cryptocurrency, but I have to admit that making transactions with the Waves Lite Client is VERY easy. It's so easy that when I made my first transfer I thought I did something wrong!

Prime-Ex does not force you to buy from a waves wallet, if I understand well you can make payments from any other cryptowallet, but you must register a Waves Wallet to receive your tokens when distributed. I think this will make it very easy for Prime-Ex to distribute the 25,000,000 tokens.

Hi Prime-Ex, I just noticed the Bounty Website is back online. My entries seem to be ok. Good job!

I agree with Mihaylovic, just because it's new a lot of people are a little speculative. But Waves is going to grow very far and fast.
I was also wondering, what kind of complexes is Prime-ex thinking of building? Is it more houses with a centralized pool? Or individual detached houses? Townhouses? Condo's with facilities? Just curious.

We will keep this community informed over the next weeks.

The only disadvantage of Waves is being new. That is why so many people scares in the beginning when they check the project using waves blockchain. But sooner or later waves is going to be more popular than ethereum for new icos with its fast and user-friendly platform.