Ok, now it's getting absurd.
I asked simple questions. Melissa tends to answer all but mines.
So I ask once again.
Is it possible that approx 13% of ICO money goes to 5yeartime salaries of the team? So that at the very start investors are 13% short?
plus some other simple questions.
And another one since I got a bit frustrated... is your plan to @#$@ us ?
Hello Melissa, could you please answer my questions from Sunday?
Hello Melissa,
I've just read all the posts and the Whitepaper and I've got a few questions that i believe haven't been asked yet.
1) Do i get it right that dividends will be paid in ETH based on ETH/EUR rates at the day of payment ?
2) I quite don't understand the concept of Core Operating Budget. If all goes well and hard cap is reached you'll get approx. 60M $. You wrote in Whitepaper that because of COB, 80-90% of that sum will go to push fund. COB is etimated to be 8M $ in the next five years, that is 13,3% of hard cap.
a) does that mean that COB, which basicly is salaries of the team, will be funded in full for the next five years from the money gathered through ICO?
b) salaries in the Whitepaper are shown in ETH. Is it for illustrative purposes, or do the team get paid in ETH? If so, what when ETH increases in value 300%?
3) Are the targeted 12-20% annual returns before or after operational/maintenance/management costs and interest rates?
Best wishes,
BM
What's the problem Fahmp7? Aren't salaries for IT normally the biggest part of operational costs? So then 13.3% isn't that big a part or is it? Especially since they are planning on expanding the team immensely.
The fact that their salaries are in ETH does concern me. There's no need for a developer to be earning 10x the salary of a normal developer if ETH decides to go x10. On the other hand, if ETH goes /10, it might be cause for developers to leave the company.
Would love an explanation from the team for this part as well!
Thing is, the salaries should be paid from the money they earn, that is from 10% of profits.
If they take 13% of ICO money to pay the salaries, it means that investors loose 13% at the very start.
I also asked whether 12-20% return is before or after costs. I got no answer, but 20% is insane.
Here in Poland you get 6-7% after costs.
So if they take 13% of ICO money, that means that it will take 2-3 years to brake even. That is absolutely ridiculous.
And since Melissa doesnt answer my questions, I come to conclusion, that I'm right.
They just don't want to admit it, but they know they're not playing fair.
Whops it seems I skipped your message, apologies.
1) Yes dividends will be converted from original currency (EUR or USD or any) to ETH at the day of payment
2) Yes we will use a portion of Token Sale proceeds to fund the team and operations, that is normal. Salaries are fixed in USD, and are projections, we will probably spend less. (note exchange rate is fixed on the doc)
3) There will be intrinsecal costs deducted such as maintenence. Platform operations fees are deducted from the platform profits (10% fee.)
Also, we agree that normal real estate investments in mature markets yield 6-7%. We are targetting high growh opportunities like holiday rentals or student residences, hospitality sector or undevalued opportunities.
Check our partners
https://medium.com/@real_token/our-real-estate-potential-partners-70c2a0f8085b
