Topic: [ANN] Property Coin | Institutionally-managed and asset-backed cryptocurrency (Read 1344 times)

Dear TokenSuite,

Andrew Jewett informed us in their Telegram channel that the allocation in USD remained the same after reducing their PCX token price from $50 to $3. This means that not 1500 PCX but 25000 PCX have been allocated for the bounty campaign.

Could you please get this confirmed by Property Coin and recount the rewards?

Best regards,

Arvin

Dear Property Coin staff,

Please explain how this:



can be combined with this:



For translating your ANN, moderating it, and translating your full whitepaper TokenSuite allocates to me 14,87603306 PCX on their bounty sheet, which at the value of $3 is no more than $44,63. Do you have any idea how small this amount is for the work that I've done? Your whitepaper alone has 10031 words which in the translation market would cost an absolute minimum of $1000.

In the bounty thread I am promised a token value of $50, which would deliver me $743,80 worth of PCX, which I consider a reasonable amount.

But you cannot pay $44,63 worth of tokens when you promise $743,80 for a job with the value of the absolute minimum of $1000!

I would like to see Property Coin offer a solution for this and I am awaiting your reply.

Thank you for supporting our project.

Property Coin (PCX) is designed to enable the growth of our existing technology and real estate
investment company (Aperture) that uses a combination of our custom technology platform, market
analysis, and human expertise to identify and capitalize on investment opportunities in the $162
trillion global residential real estate market.
Our business is simple. We use data and technology to buy distressed houses, we fix them and sell
them. We also make loans to other property investors. While the model may be simple, the
execution is not. Our management team has extensive experience in operating, managing and
growing these businesses at scale and has produced unlevered IRRs in excess of 50% on our
investments to date.
Our company exists, our tech is in place and we are ready to rock! The capital provided by Property
Coin investors will be used to grow our property investment and loan origination businesses to scale
in a market that has traditionally lacked institutional discipline and creativity.
Thanks to blockchain technology, global investors who previously have had no way to invest in the
U.S. fix and flip market, can participate with a highly experienced team that is innovating the real
estate technology and investing space.
Our vision is to utilize Property Coin to revitalize neighborhoods, promote affordable housing and
deliver profits and value appreciation to our investors.
We are “revolutionizing the way real estate is transacted”.
Come join the revolution!
THE PROPERTY COIN TEAM

PropertyCoin is excited to announce that we are partnering with OpenFinanceIO for trading, bringing liquidity to PropertyCoin and securitytokens across the globe! 

Check out our new video :

APERTURE - A TECH POWERED REAL ESTATE INVESTING COMPANY
https://www.youtube.com/watch?v=WE4nE1HA68c

More and more "Essential Guides" to Blockchain and Real Estate are mentioning PropertyCoin as a notable project and we couldn't be more excited! The virus is spreading 

Matt and Andrew presented at the Blockchain Law Summit in LA last week about our experiences in issuing Property Coin.  They just released the video. 
Check it out!  https://www.youtube.com/watch?v=lfFB7epJ4Lk&t=566s

Propertycoin has got 4.6 rating on ICObench. This project surely needs some marketing.

Is there something wrong in the project? Why is there not a lot of activity there is no trust or there is not enough advertising carried out by the team?

I think, when Aperture gets profit they will reinvest those profit to buy new properties, so NAV of PCX tokens will increase.

How will profits gained by Aperture be distributed to the holders of the token? In other words, we as contributors how do we benefit by buying PCX.

I think they are currently focusing on US properties, may be later they focus on other countries.

Any answer for this?

Hi guys wanted to share  some interesting questions  asked in telegram with you all here :

1. which co is ur US tax advisor?

2. Are the tokens are backed by real estate or real estate co legally?

3. When you sell the property and/or exit the loan, it will be fully taxed at Real Property Holding Corp’s level? Then, I assume you will liquidate the co and recognise a gain at the token holder’s level (which are flew thru to the partnership’s LP and GP). Would there be a distribution to the LP and GP to match the tax so that the token holder will only reinvest the rest to the future project?

4. Did the profit calculation and return calculation on white paper and marketing material consider the federal and state tax?


Answers:

1.  Our US tax advisor is Dentons.  We're also discussing partnerships with both E&Y and Deloitte on Tax, Audit and consulting services post raise.  More to come on that once we complete the STO.
2.  Tokens represent a LP interest in the Token Issuer which is the sole owner of the Real Property Holding Cos.  We do this so we can legally separate loans and properties and account for them accordingly.
3.  Correct.  Taxes are realized on the Real Property Holding Co level on a property by property basis and paid before profits are reinvested.  
4.  Those returns include the payment of taxes and all related rehabilitation, listing and sales costs.  Those return numbers do not, however, incorporate leverage and financing costs.  We intentionally did this to show the asset level profitability without the influence of leverage (which is highly dependent on how much/ little leverage is obtained) .

Don't forget to check out their telegram channel , if you are curious to know more:https://t.me/property_coin

Nice. This is really interesting news.

They will also be attending the Blockchain Law Summit 2018 on May 24th in Los Angeles Convention Center, if you want to meet up with them you should email them at:[email protected]

Yes. This project is really good and have great future.

Sounds good to me! 

I've noticed you guys attended Consensus2018 will you be attending other upcoming events?