Topic: [ANN] Real Estate Blockchain Crowdfunding Technology (Read 139483 times)

So REAL apparently went in liquidation, which was unexpectedly announced on their website some time in October or November 2023. There was not explanation why.

Now to me it was not a liquidation of a failed company, but a premeditated and planned exit scam. I even doubt whether the investment properties were ever purchased.

I tried contacting everyone who was originally involved in the project, but nobody responded back. 2 days later their websites were completely taken down - coincidence? I think not.
I also received a Cease and desist request from Harassment and Defamation to Mr. Enrique Dubois from his lawyer.

Are any other investors still active here? I will be starting legal proceedings and might include more creditors.


This was the message on the website while it was still running:

According to Linkedin, Melissa Sapmaz (community manager) left the company on March 2022, Enrique Dubois (founder) on July 2020. Miguel Covas (COO) is still listed as working for Real Platform. I couldn't find the rest of the team or involvement in Real Platform was not stated on their linkedin profiles.

Their telegram group is gone, and their telegram channel was last updated in 2020.

Definitely not looking good for their investors.

How is this topic dead and not a single investor is interested what is happening?

Thailand, 24March2021
NOONProperty ManagementCoLtd
79/95 Moo 10, ChalongSub-district
MueangPhuketDistrict
83130Phuket, Thailand
Dear owners, 
With this message I would like to give you a market and a project update fromThailand. Market
▪ Thailand has been very virtuous in controlling the number of COVID-19 cases duringthe whole 2020, with less than 4,000 total cases as of mid-December 2020. However, on19December 2020, Thailand reported more than 500 COVID-19 cases amongmigrant workers at the center of its seafood industry in Samut Sakhon province, by far thebiggest one-dayrise in a country that had previously brought the epidemic largely under control. Theprovince was immediately ordered closed and put under a 10amto 5pmcurfew.
▪ The Disease Control Department has so far reported almost 20,000 cases of COVID-19in44 provinces with links to the outbreak in Samut Sakhon. In Phuket, as in manyother provinces, schools were closed, and a 14-day mandatory quarantine was introducedfor incoming  domestic travelers. The number of new cases per day has nowreturnedtocontrollablelevels, with an average of 70 cases/day in the last 7 days.
▪ Thai Government continues to study various schemes to allowinternational visitorsintothe country to provide some relief for its battered tourismindustry, balancingarrivalswiththe infection risk that comes from open borders. The latest plan being consideredistoscrapthe two-week quarantine period for vaccinated tourists. While this could provideamajor boostto the economy, if approved, it is very likely that the government will ultimatelytakeacautious approach and only reopen borders more fully once there is greater progress inthedomestic COVID-19 vaccination programme.
▪ The Government kicked off its COVID-19 vaccination campaign on 28 February, with ministers,health officials and medical professionals among the first in the queue toreceive vaccinations.A mass campaign to administer 10 million doses a month is set to begininJune, with61million shots of AstraZeneca vaccines produced by local firmSiamBioscience.

▪ Thailand received 7,694 foreign arrivals in January (-99.8%y/y), only slightlymorethanthe6,560 in December. The government now expects only 3.2mn tourists in2021(6.7mnin2020), compared with ~40mn in 2019, and hopes to ease international travel curbsinH221.
▪ Despite the COVID-19 outbreak, the THB remained stable vs. USD, close toits highest level since 2013. The Bank of Thailand (BoT) left its policy rate unchanged at 0.50%but remains concerned about the THB strength. The consensus is that the BoT will leaveits policyrate unchanged over the next 12 months, preserving its limited policy space.
▪ BoT also upgraded its 2020 GDP forecast slightly, though its 2021 forecast was downgraded as hopes for a tourism revival have dimmed. The BoT nowexpects GDPtocontract bya smaller 6.6% in 2020 compared with its previous forecast of a 7.8%decline.
▪ According to Nexus Property Marketing, after having decreased by 11%in2021, theaverage prices for new and resale condo supply in Bangkok are projected to fall by 5%thisyear  before picking up in 2022.
Project
▪ Chalong, like the rest of Phuket, is almost a ghost town. Most of our tenants havelost their employment and have returned to their home countries (the foreigners) or movedbackto their provinces (the Thai).
▪ During the second semester of 2020, our occupancy rate decreased to thecurrent level of10%, and we had to offer heavily discounted rates to the fewtenants that decidedtostay.
▪ We have taken the strategic decision not to let go of anybody fromthe staff of NOON  Property Management, but we have reduced their working hours to 50%. Our management company is using our equity capital to subsidize the operating losses, but weareconfident that having the team in place will position us very favorably when the market picksup  compared to most of our competitors that have ceased operations.
▪ We are using this period of downtime as an opportunity to carry out maintenanceand  improvement works in both buildings: for example, we have repainted therailingsof Tower1 rooftop, and installed a shelter for the motorbike parking in Tower 2.
▪ Due to the near-zero revenues that our rental business has being producing, on15July2020, we have suspended the coupon payment to your portfolio of unit in bothTowe1andTower2.
▪ Once the tourism market restarts, we will pay you the accrued coupons fromJuly2020toFebruary 2021 plus an interest of 5% per annum.
▪ The lack of visibility on the time and shape of the recovery, and the prolongeddepression that the Phuket rental market will likely experience in the months ahead, will not allowusto accrue any additional coupon. We seek your cooperation to move froma fixedmonthly  payment agreement to a revenue sharing model fromMarch 2021 onwards. Therevenue sharing model will align our interests, permitting to safeguard the financial stabilityof our management company and share with you any potential upside that the rental market will offer once it is fully recovered.
Should you have any questions or comments, please do not hesitate to contact me. 
Thank you for your continued support. 
Luca Dotti, 
Director


good news. 

in some countries they are not available.



is someone having a link for the unofficial telgram group? thanks

Anyone has any idea why their platform shows: UNFORTUNATELY THIS CONTENT IS NOT AVAILABLE IN YOUR LOCATION

http://block.realplatform.vc/
http://block.blockreal.com/

Is it just me.

real released a new report for October, where the team shared the latest updates on the project, the work done
https://medium.com/@real_token/october-update-d07c8b66966f

You can not pay some marketing, instead of this stu... post ??

One more ideal project which can be build on blockchain is https://whisper.realestate/ Find more information on our website

where can i see the contract from the RPP tokens on the ethereum blockchain? where can i find it, anyone knows?

take real, you cant make anything wrong. they are making very good investments.

Do you know any Real Estate crowding (Blockchain) platform which does not make any ICO and full compliant with local regulator?

yes you are right.

Miguel

There's always the RPP's secondary market, isn't there? Can you confirm that if I buy RPP I'm eligible to get rewards based on that property for which I bought RPP on the secondary market?

Well, thanks for your answer. At least we know now how long we are going to have to wait for new investment opportunities.

Thanks for the feedback and patience,

Once our new site is ready (BlockReal) we will offer new investment opportunities.

We expect that to happen this mid-year.

Got the same problem here. Does anyone know when they will add a new investment opportunity to their platform?

Well, i finally passed the kyc on the dashboard but seems nothing to invest right now.

I am disappointed.

RPP are securities for sure, I don't know if REAL can be labeled as security too since its job is to be able to purchase RPP. Here is what is written in the whitepaper:

"After carefully analyzing with our lawyer we are sure that our Tokens are not securities.
We are operating as a Singapore company selling Tokens that will be used as a currency accepted by
our platform. Our platform will be a crowdfunding service specializing in the real estate sales, and we
will be applying to have it regulated in Singapore once the Token Sale has closed. Our token is not a
security since it is simply a form of payment we will accept on our platform
—
users have no rights
attached to the token. Our platform is separate from the token, and though offerings on the platform
may be classified as a securities, the platform will seek to be licensed and regulated accordingly so as
to be able to offer such items for sale legally. We will offer a service through the platform, and are now
accepting prepayment for the service in the Token Sale, and the token and the platform are separate."

I know the ICO is already over for quite some time and it took place before everyone was talking about security tokens. But isn't their business model predestined for having a security token? And would this change anything for REAL if they get classified as a security token?