Topic: [ANN] Prime-Ex Perpetual - Bringing Real Estate Profits to YOU! - page 50. (Read 20690 times)

No worries!  They're queued and will be taken care of today.  As you can imagine we're spinning lots of plates as we prepare for the Pre-ICO launch on Monday.  The updates in the bounty app are on the agenda today and are in fact being processed as we speak!

Fb post and tweet Submissions pending last 3days...

Hi Stavri,

We're amazed at the wide interaction that we've already received from our pushes across social media already.  We put out a graphic yesterday for example that shined a light on our Pre-ICO bonus percentages, 15% for the first two days and so forth, and that one simple Facebook ad had over 9,000 likes at last count and people across the world had shared it dozens of times.  We're hoping the exposure translates on Monday into a broad spectrum of people being able to participate in our first day  of the Pre-ICO, but we won't know until Monday.  So we pray, we wait, and we see!

It is Panama-based ICO.  We’ve put a lot of time, effort and money into structuring our company and our ICO so as to limit our exposure to interference that could potentially harm us.  One of the first things that we did was structure our company in such a way as to mitigate both legal exposures as well as the bureaucratic risk that we would face by entering into the cryptocurrency environment.  For this reason, under the advice of our legal counsel, we’ve chosen to disallow participation in the ICO from Panamanian citizens.  This line of thinking is just smart business planning.

It’s the main reason that we’ve chosen to disallow citizens in the United States from participating as well.  While we would have loved participation from U.S. citizens, the risk that we would face from the U.S. Securities and Exchange Commission could not be mitigated, so we simply had to exclude them from participation.

The Republic of Panama is actually a great place to do exactly what we intend to do regarding our tokenized real estate business by allowing for-profit businesses to be owned inside of a Foundation structure, which is exactly how we’ve set up the Prime-Ex Perpetual project. There are many reasons for this. Know that we’ve meticulously thought through them all.

We are fully compliant with all of the laws of the Republic of Panama. We could have incorporated anywhere in the world and still performed the exact same real estate business that we intend to do in Panama. Structuring in Panama made the most sense for us and made the most sense for our Token Holders.  While Panamanian citizens are disallowed from participation in our ICO, the real estate aspect of our project is distinct and separate from the ICO phase.  After the ICO phase people from around the world, including the United States and Panama, will be welcome to purchase our homes provided that they meet our underwriting guidelines.

Helo Prime-EX I believed this project is from Panama but why are you not accepting investors prom Panama?

Prime-Ex will be a good alternative for expats who faces problem for house owning in Panama. I believe that popularity of the project is going to raise so fast after it begins.

You're right, most certainly. Data never lies. Our perception of it may change, but fact still remains fact and the fact that we don't have to go through a bank for loan with Prime-EX Perpetual is a win in its own!

Data never lies, I guess just the fact that the demand for expats wanting housing says enough. I know I love panama because of that heavy trade of course you can get good deals on product.
Well I'm glad a lot of people won't have to be dealing with banks to get a loan.

I assume your question is with regard to how much demand the mortgage payments being paid in PEX-Tokens will affect the demand of PEX-Tokens?  That's an almost impossible question to answer because nobody can tell you today what the value of our PEX-Tokens will be in six months, much less six years into their history.  What I can tell you is that a hundred thousand dollars USD equivalent of PEX-Token demand being purchased from our existing PEX-Token holders by homebuyers for our ecosystem consumption is a lot better scenario for the value of our PEX-Tokens than would be no organic demand at all.


You have to research ECLAC data to begin to understand the impact that foreign investment has on Panama.  At first blush the numbers appear depressing, as foreign investment is down for this segment as a whole from recent years past.  When Panama is isolated from the group, however, things begin to brighten up quite a bit.  While foreign investment in Central America was up just 3.7 percent from 2015/16, or in other words not keeping up with the rate of inflation, foreign investment in Panama is up a massive 15.9 percent from 2015/16, and foreign investment into Panama today has tripled from the numbers in 2009. 

https://www.cepal.org/en/pressreleases/foreign-direct-investment-toward-region-continues-downward-trend-and-totals-167043

It seems that the world is betting on Panama, as nearly 40% of the foreign direct investment into Central America is represented in the $5.2B Panama investment.  Stable government, improving infrastructure, tourism destination, being the banking and shipping center of Central and South America all factor in to reasons why Panama is a smart investment opportunity, over and above the obvious advantages that the Canal factors in. 

How does all of this play a role in Prime-Ex Perpetual being able to sell its houses?  It doesn't play a role at all, other than that expats want to come here and our purchase package is the obvious first choice in every conversation.

I always like to start off on a Optimistic note. a fair question still. But I think overall the concept is very promising. There are a lot of components and if executed properly it will be a great success.
Looking forward to it.

Thank you, Crazymoon.  Feel free to reach out anytime.  You will always get a response back just as soon as BitcoinTalk lets me post





ICO fails if we do not sell 2,500,000 PEX-Tokens.  At this point, by all indications, this is now thankfully unlikely to occur.  We've had several large buyers reach out to us indicating their intention to make larger volume purchases.  If this holds true then my answer becomes immaterial.  But to answer your question, should the ICO not be minimally funded with a sale of 2,500,000 PEX-Tokens, then buyers will be refunded less transactional fees, all of which are clearly spelled out in our Terms.  The minimal sale of 2,500,000 PEX-Tokens gives us sufficient funds necessary to begin our proof of concept, albeit on a smaller scale.  Funds would then be raised in the future from our fixed token supply of remaining PEX-Tokens from the standpoint of a company in the middle of various stages of home builds and buyer placements into our ecosystem.

I want to reserve French translation please.

Thank you very much for your answers! Now things look really good and much clear. I have 1 more question to ask.

What happens if the ICO fail? People are going to get refund? Any plan B?

I am really happy to hear that the platform is so flexible and allows owners to make the decision whether or not they would like to rent out their property or not and still be a part of the Prime-ex Eco-system. I think it plays a good role in networking the system and getting the word out. Very creative platform overall. Love it.

One of the core Waves missions is to enable any business with development prospects, regardless of its size and geographical location. Prime-Ex will be stronger using Waves platform. It is the best choice for this ico.

We chose WAVES because their DEX wallet features a fast and secure graphic interface, requires no sophisticated blockchain knowledge or blockchain downloads, and it's user friendly.  This will be important for us when home buyers start paying their mortgage payment in PEX-Tokens.  We like how it's set up for users to deposit and withdraw multiple currencies and fiat coins, and how the DEX platform itself is decentralized.

Do we think it's better?  We think it's great, we think it's safe and secure, and we think it's user friendly.  At the end of the day, after exploring many different platforms, this is the platform that made the most sense for us.  Hope that helps!

Why did you choose the WAVES platform? Do you think it is better than other platforms?

Those are indeed probably useful.  Between now and the formal ICO launch maybe we can get those up and running.



Sorry, we don't have LinkedIn profiles.

For me, relevant information pertaining to this project is a Series 7/66 Licensed Financial Advisor with Wells Fargo Advisors, escrowed/lapsed.  Commercial Lender III Community Trust Bank, Kentucky's largest domiciled regional bank.  Kentucky Area Manager Guardian Savings Bank.  Owner, Freedom Mortgage Consultants.  Founder/Co-Owner, Precision Wall Systems, one of Kentucky's larger foundation sub-contractors.

Ulrich and Theresa are father and daughter.  Theresa has been an integral part in helping to manage their family's large construction business.   



Yes, indeed!  New World is our marketing entity for Panama.  This is a vital and integral part of our proof of concept.  While in Panama we will serve as our own third party provider, it is envisioned that as Prime-Ex Perpetual grows beyond the boundaries of Panama that we will partner with non-related third-party providers.  Obviously, the relationship between the owner of the homes, Prime-Ex Perpetual, and our service providers, in this case New World, has to be rock solid.  A major part of the proof of concept is "fleshing out" how this relationship evolves, in both form and function.  It is necessary for Prime-Ex to be able to maintain control as the owner.  It is necessary for third-party providers to be able to make day-to-day decisions in their coverage area.  How this is handled needs to be contracted.  Rather than hope and dream that we get it right the first time with people not related to the Prime-Ex Perpetual project, we will operate as both of these entities ourselves, so that in the future, when the project expands beyond our local territory, the policies and procedures of how exactly everything works and whom exactly is responsible for what is firmly spelled out.  There is nothing at all weird about this, and if you watch the video located at the New World website it speaks very openly about being a Prime-Ex Perpetual Participating Partner.  This is all part of the plan.  While the website is in place, we have not marketed it as of yet because we have no homes for sale as of yet, and we want to know the success level of the ICO before we start spending marketing dollars on actually selling houses.  Just know that the plan is in place to proceed forward to do just that, and part of that plan includes New World as a Prime-Ex Perpetual Participating Partner.
 


I disagree completely with your "shady" comment.  That is not now nor has ever been our intent.  We want to change the way that homes are built and sold and we have the experience to make it happen.  There are quite a few shady plays in the crypto world but we're not one of them.  The fact that you may not agree with our LinkedIn level of use doesn't make our project "shady".  Microsoft doesn't need to know everything about us for this project to be viable.  New World doesn't have an office yet as we're not building houses yet.  We used our own phone number, Prime-Ex's phone number, to place-hold the number for the website.  That doesn't make us shady in any way, I think that it makes us transparent!


What do you mean by a partnership? 


There is no developer of our token per-se, because we're a WAVES token.  WAVES has already been created and developed, and the technology for WAVES is freely available.  Our PEX-Token is a dividend token built on the WAVES platform.

Hello,

4. Slack or Telegram channel is useful and a quick way of getting information about the ICO, that way you can be in close touch with all investors or people that want to invest in.
6. Most people compare LinkedIn with Facebook or Twitter, but why most people use it, is for managing your professional identity, like build up your profile from scratch by showing your history of work, education, academic achievements, it's not to show who is the most beautiful person in your team, it's basically a business platform.
We've been business executives and entrepreneurs, and nobody's going to do business with us based on our good looks, well except Theresa.  

In fact we want to see with what kind of people we are dealing with, we want to see your team bio, like I mentioned above. I have been researching about your team for the past 2 days on Google or any of the social platforms and I found results ONLY for Jonathan Millet, Luis Cordero and Theresa Schwark. I couldn't find a single thing about Ulrich Schwark, John Gilbert and Tim Walters (Well since Tim have been with MonsterByte it's familiar to me right now). What about the 2 main people Ulrich Schwark, John Gilbert.
I would like to know more about Ulrich Schwark and John Gilbert. Like what's their education, do they have any academic achievements also is Theresa Schwark related with Ulrich Schwark (since they both have the same last name)?

While researching I found the phone you've added on your site (+1 833 PRIME-EX (774-6339), that is the same with the phone that has https://newworldcapital.global/

To me the entire concept looks awesome but with such a shady information like no social profiles of your team, having the same phone number as https://newworldcapital.global/ isn't looking good to me.

I've read the entire white paper, didn't saw a partnership in the roadmap. Any plans on that?
Will you release more information on who are the developers who are developing the token? Because so far we only know information about the co-founders/CEO.

Best regards,

I don't want to use the word "time share".  There will be no other ownership structure outside of the individual Panamanian S.A.s that we set up for each individual home.  Each home will be owned inside of an individual S.A., and the shares of that S.A. will be transferred to the new owner and held in escrow by an escrow firm. 

Owners can decide to use their property however that they want, and if they choose to do long term rentals or vacation rentals, Prime-Ex will still be involved in the maintenance of those properties, and the owners themselves can choose to be paid rental fees in whatever payment method that they want, up to and including being paid in PEX-Tokens if they so choose, which would be a great way for our homeowners to become PEX-Token holders.