[ANN] Real Estate Blockchain Crowdfunding Technology - page 17.

maritimo123

newbie

Activity: 30

Merit: 0

Quote from: miguel_covas on March 20, 2018, 10:53:16 PM

Hi everyone,

We are sorry and understand the frustration because of the delay. We are in the same boat.

I have been allowed to share with you that we are looking at some quick solutions while we acquire our license such as doing a deal with an existing license holder. If those initiatives are fruitful we might go to market much sooner.

We will also release some other good news very shortly on our blog.

Again, thanks for your patience and support.

Miguel

That's a good idea! Hint: We need good news.

I hope that can be possible.

miguel_covas

member

Activity: 252

Merit: 10

Hi everyone,

We are sorry and understand the frustration because of the delay. We are in the same boat.

I have been allowed to share with you that we are looking at some quick solutions while we acquire our license such as doing a deal with an existing license holder. If those initiatives are fruitful we might go to market much sooner.

We will also release some other good news very shortly on our blog.

Again, thanks for your patience and support.

Miguel

lofegs

hero member

Activity: 966

Merit: 500

Quote from: ArtLp on March 18, 2018, 06:18:47 PM

And 3-4 months later, another update saying we can't finish the project because of regulation. Maybe i'm wrong or not.

Might be. But I think they can find a way to get over regulation issues. They can buy thenwhole properties and share the revenue among the users.

mandibleclaw

member

Activity: 532

Merit: 50

ONe Social Network.

It's better to wait till they regulate it properly, it's the same thing that is doing Dmarket for example, people are getting tired because the technology is there but new exchanges and working platform not because they want regulate it properly before hitting the market.
fahmp7 you're a RE professional but you know, like I know, that RE+crypto+dividends trough crypto is a new whole story

fahmp7

newbie

Activity: 32

Merit: 0

Quote from: maritimo123 on March 14, 2018, 08:30:03 AM

I asume you are not a lawyer but there are some elements that won’t comply with this when platform is launched (lack of control -we can choose not to participate or which property to invest-, also pooling of income..) .

In any case they are regulating it, so i do not see whats your point. I am pretty sure what they say is true.

No I'm not lawyer, I'm a RE professional who has to deal with law on everyday basis. Are you a lawyer? I kind of doubt that since you confuse "management of the property" with a possibility of choosing which property to invest in. These are two completely different things.

yehor

newbie

Activity: 126

Merit: 0

ICO is finished?

Peple

member

Activity: 350

Merit: 10

before, no one could have thought that Crowdfunding would be so popular. People are not yet fed up with giving money in trust to another and calling it investments

ArtLp

newbie

Activity: 16

Merit: 1

And 3-4 months later, another update saying we can't finish the project because of regulation. Maybe i'm wrong or not.

Volant

member

Activity: 77

Merit: 10

Looks like I'm going to have to bite my tongue and take the loss. Bought 2 ETH worth at ICO, pretty much wiped 3/4 of my value. Time to dump these coins.

lofegs

hero member

Activity: 966

Merit: 500

Quote from: sugarboy on March 15, 2018, 11:24:54 PM

Quote from: Sowik on March 15, 2018, 03:05:21 PM

Welp, sadly this is a dead project now. They were late like 6 months on their road map. It literally took them 6 months just for a goddamn beta that is basically just the design and nothing else. I would advise everybody to sell and get off this project.

This is an incorrect statement. As of March they were only a month late from the ICO roadmap.

Everyone knows the European Union AND the United States Government AND the Singapore Government are cracking down on unregulated ICO's.

People should be kissing this companies butts for doing the right thing and applying for a license so they do not get shut down.

According to last update, they will be too late from even the updated roadmap. They said they will get a license and it can take 3-4 months.

Sowik

sr. member

Activity: 532

Merit: 327

Quote from: sugarboy on March 15, 2018, 11:24:54 PM

Quote from: Sowik on March 15, 2018, 03:05:21 PM

Welp, sadly this is a dead project now. They were late like 6 months on their road map. It literally took them 6 months just for a goddamn beta that is basically just the design and nothing else. I would advise everybody to sell and get off this project.

This is an incorrect statement. As of March they were only a month late from the ICO roadmap.

Everyone knows the European Union AND the United States Government AND the Singapore Government are cracking down on unregulated ICO's.

People should be kissing this companies butts for doing the right thing and applying for a license so they do not get shut down.

Lmao. In their ICO roadmap they had said that the Beta will be ready in November 2017. You can calculate yourself how much they have delayed it.

sugarboy

newbie

Activity: 57

Merit: 0

Quote from: Sowik on March 15, 2018, 03:05:21 PM

Welp, sadly this is a dead project now. They were late like 6 months on their road map. It literally took them 6 months just for a goddamn beta that is basically just the design and nothing else. I would advise everybody to sell and get off this project.

This is an incorrect statement. As of March they were only a month late from the ICO roadmap.

Everyone knows the European Union AND the United States Government AND the Singapore Government are cracking down on unregulated ICO's.

People should be kissing this companies butts for doing the right thing and applying for a license so they do not get shut down.

Sowik

sr. member

Activity: 532

Merit: 327

Welp, sadly this is a dead project now. They were late like 6 months on their road map. It literally took them 6 months just for a goddamn beta that is basically just the design and nothing else. I would advise everybody to sell and get off this project.

maritimo123

newbie

Activity: 30

Merit: 0

Quote from: fahmp7 on March 14, 2018, 06:11:01 AM

Quote from: maritimo123 on March 14, 2018, 05:26:42 AM

Quote from: fahmp7 on March 14, 2018, 04:38:20 AM

"Yet,(...) the development of properties and operating commercial buildings by offering digital tokens that represent a share in the company, the regulator states that this would constitute securities under the SFA." e.i. Securities and Futures Act.
The above was already known in November 2017. Yet they waited 5 months to share it with coin holders

))
source: https://www.ccn.com/singapores-central-bank-issues-new-guidelines-ico-securities-laws/

FYI: REAL token do not represent a share in the company. They are payment/utility tokens to be used in the platform. There are some token holders like me that study the case and would have seen that immediately.

Well, in A GUIDE TO DIGITAL TOKEN OFFERINGS issued by Monetary Authority of Singapore under "Digital tokens which constitute capital markets products" we read:
"2.3.3 a unit in a collective investment scheme (“CIS”), where it represents a right or interest in a CIS, or an option to acquire a right or interest in a CIS. "
and
" Under section 2(1) of the SFA, a “collective investment scheme” is an arrangement in respect of any property bearing all of
the following characteristics:
 participants have no day-to-day control over management of the property;
 property is managed as a whole by or on behalf of a manager;
 participants’ contributions and profits or income of the arrangement from which payments are to be made to the
participants are pooled; and
 purpose or effect (or purported purpose or effect) of the arrangement is to enable participants to participate in or
receive profits, income or other payments or returns arising from acquisition, holding, management or disposal of, the
exercise of, the redemption of, or the expiry of any right, interest, title or benefit in the property or any part of the
property.
"

I asume you are not a lawyer but there are some elements that won’t comply with this when platform is launched (lack of control -we can choose not to participate or which property to invest-, also pooling of income..) .

In any case they are regulating it, so i do not see whats your point. I am pretty sure what they say is true.

fahmp7

newbie

Activity: 32

Merit: 0

Quote from: maritimo123 on March 14, 2018, 05:26:42 AM

Quote from: fahmp7 on March 14, 2018, 04:38:20 AM

"Yet,(...) the development of properties and operating commercial buildings by offering digital tokens that represent a share in the company, the regulator states that this would constitute securities under the SFA." e.i. Securities and Futures Act.
The above was already known in November 2017. Yet they waited 5 months to share it with coin holders

))
source: https://www.ccn.com/singapores-central-bank-issues-new-guidelines-ico-securities-laws/

FYI: REAL token do not represent a share in the company. They are payment/utility tokens to be used in the platform. There are some token holders like me that study the case and would have seen that immediately.

Well, in A GUIDE TO DIGITAL TOKEN OFFERINGS issued by Monetary Authority of Singapore under "Digital tokens which constitute capital markets products" we read:
"2.3.3 a unit in a collective investment scheme (“CIS”), where it represents a right or interest in a CIS, or an option to acquire a right or interest in a CIS. "
and
" Under section 2(1) of the SFA, a “collective investment scheme” is an arrangement in respect of any property bearing all of
the following characteristics:
 participants have no day-to-day control over management of the property;
 property is managed as a whole by or on behalf of a manager;
 participants’ contributions and profits or income of the arrangement from which payments are to be made to the
participants are pooled; and
 purpose or effect (or purported purpose or effect) of the arrangement is to enable participants to participate in or
receive profits, income or other payments or returns arising from acquisition, holding, management or disposal of, the
exercise of, the redemption of, or the expiry of any right, interest, title or benefit in the property or any part of the
property.
"

maritimo123

newbie

Activity: 30

Merit: 0

Quote from: fahmp7 on March 14, 2018, 04:38:20 AM

"Yet,(...) the development of properties and operating commercial buildings by offering digital tokens that represent a share in the company, the regulator states that this would constitute securities under the SFA." e.i. Securities and Futures Act.
The above was already known in November 2017. Yet they waited 5 months to share it with coin holders

))
source: https://www.ccn.com/singapores-central-bank-issues-new-guidelines-ico-securities-laws/

FYI: REAL token do not represent a share in the company. They are payment/utility tokens to be used in the platform. There are some token holders like me that study the case and would have seen that immediately.

fahmp7

newbie

Activity: 32

Merit: 0

Quote from: johny08 on March 12, 2018, 04:28:58 AM

https://medium.com/@real_token/march-update-63eada97395c

failed promises is always the start to going into oblivion. who didnt sell now, is a bag holder forever

"Yet,(...) the development of properties and operating commercial buildings by offering digital tokens that represent a share in the company, the regulator states that this would constitute securities under the SFA." e.i. Securities and Futures Act.

The above was already known in November 2017. Yet they waited 5 months to share it with coin holders

))

source: https://www.ccn.com/singapores-central-bank-issues-new-guidelines-ico-securities-laws/

investor esteban

newbie

Activity: 65

Merit: 0

Quote from: lofegs on March 12, 2018, 02:10:21 PM

Quote from: MAFTRADER on March 12, 2018, 06:50:23 AM

Quote from: johny08 on March 12, 2018, 04:28:58 AM

Quote from: sugarboy on March 12, 2018, 01:35:18 AM

Quote from: DaveWave on March 11, 2018, 10:45:42 PM

Quote from: lofegs on March 11, 2018, 03:20:01 AM

Quote from: investor esteban on March 08, 2018, 10:42:45 AM

Quote from: siupang2 on March 07, 2018, 07:05:44 AM

Well why REAL team is mute the telegram for the discussion? I think discussion in telegram is a great way to share and to spread the news. With 3.6k of member in telegram REAL will get more interest.

when do they go live?

I have been waiting for alpha for 6 months

We've all been waiting, they can't go live witout solve the legal issues and the development is ongoing.

There are legal issues? Price is not healthy due to its volume. Perhaps they need to talk on other exchanges to enlist their token? No pressure on looking for bigger exchanges like Binance but the likes of Coinexchange, Livecoin, Nova and others are good start.

Platform is supposed to be released this month, REAL token holders exchange tokens into RPP. The only thing I am not clear on is if the RPP tokens can leave the platform.

https://medium.com/@real_token/march-update-63eada97395c

failed promises is always the start to going into oblivion. who didnt sell now, is a bag holder forever

pity the token buyer, almost -500% lost
They didnt care enough token buyer value
They just care about themself
I dont think they will able to do something about the volume
Shame on them

Someshow they should solve that legalize issue asap, they 3-4 months. Hope it'll be top and they can do many things in the meantime, like marketing, exchange, development, user experience, property deals, communication with the community...

liquidity providers ... still waiting

lofegs

hero member

Activity: 966

Merit: 500

Quote from: MAFTRADER on March 12, 2018, 06:50:23 AM

Quote from: johny08 on March 12, 2018, 04:28:58 AM

Quote from: sugarboy on March 12, 2018, 01:35:18 AM

Quote from: DaveWave on March 11, 2018, 10:45:42 PM

Quote from: lofegs on March 11, 2018, 03:20:01 AM

Quote from: investor esteban on March 08, 2018, 10:42:45 AM

Quote from: siupang2 on March 07, 2018, 07:05:44 AM

Well why REAL team is mute the telegram for the discussion? I think discussion in telegram is a great way to share and to spread the news. With 3.6k of member in telegram REAL will get more interest.

when do they go live?

I have been waiting for alpha for 6 months

We've all been waiting, they can't go live witout solve the legal issues and the development is ongoing.

There are legal issues? Price is not healthy due to its volume. Perhaps they need to talk on other exchanges to enlist their token? No pressure on looking for bigger exchanges like Binance but the likes of Coinexchange, Livecoin, Nova and others are good start.

Platform is supposed to be released this month, REAL token holders exchange tokens into RPP. The only thing I am not clear on is if the RPP tokens can leave the platform.

https://medium.com/@real_token/march-update-63eada97395c

failed promises is always the start to going into oblivion. who didnt sell now, is a bag holder forever

pity the token buyer, almost -500% lost
They didnt care enough token buyer value
They just care about themself
I dont think they will able to do something about the volume
Shame on them

Someshow they should solve that legalize issue asap, they 3-4 months. Hope it'll be top and they can do many things in the meantime, like marketing, exchange, development, user experience, property deals, communication with the community...

mandibleclaw

member

Activity: 532

Merit: 50

ONe Social Network.

It's a shame that technoly wise they're more then ready but regulators are fucking this up. I've waited till now, I'll wait till they sort this thing off.

"Finally, we would like to remind you that we share your frustration on the delay, as we are the biggest Real token holder, this is our full time activity, and really want our platform and business to start operations as soon as possible."

And it's true, the first one to feel this loss is them

Topic: [ANN] Real Estate Blockchain Crowdfunding Technology - page 17. (Read 139483 times)