Topic: [ANN] Real Estate Blockchain Crowdfunding Technology - page 41. (Read 139483 times)

Trikar,

 Can you post a link to the Telegram group for the people who were asking, since I know you're an admin?

It would also be great if you could explain the rationale for banning myself and others from the group.

LOL. They cut their budget because they were basically forced to. Aside from the pressure put on them to address the issue, if they didn't do anything, they would have had an $8 million budget and only $3 million to invest. That's obviously not good economics.

Plus, they've either been unwilling or unable to show the breakdown behind the $3 million budget. They provided detail when it was $8 million, so not sure why it's not provided with the updated budget.

To their credit, Melissa messaged me privately to ask what they could do to help show me they are a capable team and I outlined a couple of the specific issues I have. We've actually messaged about things like this before, so I know she's trying...I just don't know if the team behind her is good enough.

Also, the Telegram group has started banning people who ask questions, including myself. I know I've been critical of the team, but I take pride in making sure everything I say is based on fact. It's not a good sign that they are banning people who ask questions.

+1

True. Timing is normal.

And let's not forget they initially had planned for 8 MM USD budget and they cut to 3MM USD to benefit the token holders with that extra USD 5 Million.

I have not seen any other ICO company doing the same and I see some people here being unreasonable.

Agree.

It is fun to see the same impatient whining attitude across all ICO threads.

They've been releasing a communication or announcement every week, answering all questions while advancing on the roadmap.

People thinking that you just go to your bank with the raised crypto funds, get on many exchanges, navigate on the current regulatory environment, and have everything done in one month are delusional.

There is no such thing as overnight success and this team is very experienced and capable.

Very bullish on REAL.

I keep my eye on the Real Etherscan address where all the Eth was collected, they still have nearly 26,000 ETH in the main wallet that is now worth $12 million, they have just in the last 24 hours cashed out 8,000 eth from the platform budget, this guarantees that they have the $3million they have budgeted for the platform build.

The market cap is of REAL is only $3.9million but they have assets of $12 Million now to spend on properties, volume is low because nobody is selling – granted nobody is really buying either. I’ve been critical of the team previously but I honestly think if they can keep to the roadmap and Eth can maintain this sort of support until January time, we’ll be in a great situation with this token.

What we need is more exchanges, and to be patient.

Agreed. I passed on the ICO because it didn't seem worthwhile, but I took another look once the price dropped so much. The numbers make sense at this price, but the team is just so amateurish, it's still hard to justify. I'm still keeping an eye on it, but I don't think I'll ever be able to get comfortable with the team.

Do not sad! Everything can gives you some lessons and experience to avoid these mistake in future. Beside that, you can teach your friend, family and child understand this risk to help them do not have same wrong choice as you in the past.

Wow looks like I made the right decision not investing in the ico. Looked really good too and was thinking of jumping in. Current price looks tempting but too many issues. I stopped buying ico's around the time this came out because you can almost always get the coins cheaper after the hype dies down. Don't touch ico's anymore because they are mainly structured to make dev's and whales richer.

they are just throwing people instantly out of their community, if they are mentioning the delay or asking about development updates. it has been like that since the beginning. there is a reason why their coins are trading 75% off the price.

its hard to say if this coin will recover. at the moment there is alot of selling pressure. i would not touch this. it seems they are hidding alot.

We need to calm ourselves by saying give them time but to be honest, I don't like how they are handling things. They had time for this a long time ago - from before the ICO for example - because now it seems that they raised money and don't really know what their own project is.

I have learnt my lesson and I will not invest in an ICO again. I have invested in two small projects that I do believe in... No ICO, just good projects and I now regret not putting my initial REAL-investment in BLUE or BTCM because they actually have projects in development + a team that really connects with the community and appreciates their input. If you don't believe me, check coinmarketcap  .

I agree 100%. That's how you know ICOs as a way to raise money is still in its infancy. There's no way sophisticated investors would be so complacent. I'm as shocked as you are that people aren't more demanding. It honestly baffles me.

Dont forget so much strange transaction on etherscan ...

I'm very surprised how calm investors are. Everytime I come here I read posts just like yours (let's give them time, it's complicated, they're working hard etc.).
As far as I remember, in mid September they claimed to launch beta in November. Now it's almost December and they say thay will launch it in February. Actually I'm almost sure, that they first said October, and November was to witness their's first property aquisition.
They claim they're behind the schedule because of not meeting their ICO goals, but I just cannot imagine how people are willing to believe these excuses.
To create a web site which is not that complicated it should take no more than 300 hours of work. They almost don't update. They left bitcointalk as soon as they realized that some people here can actually think sober and ask difficult questions. They claim they have to establish a company in Singapur, whereas 2 months ago they claimed they are already established there. For past month instead of giving updates and working on the platform, they posted about their travels to Singapur and Australia to attend some summits that have nothing to do with real estate.
How can you still say they're doing their job just fine?

So new roadmap is out, what do you think? Let's be honest, I was expeting those dates, a company can't set up legal and liquidity things in just a couple of month. I can surely wait, better if they take time to make things right

LOL...there has been so little transparency. They have to be pressured just to provide the minimum amount of info you'd expect.

There's no easy way to find the link, otherwise I would post it for you.

I'm not a lawyer, but have been through complex legal processes before. That said, I could be wrong, so please educate me if anything I'm saying is inaccurate.

All they need to do to start the acquisition process is set up legal entities. I have no idea what's required in Singapore, but I assume the actual registration process is pretty simple and most of the work would be related to creating Operating Agreements.

They aren't negotiating terms with another party, so the time it takes should be related to getting proper guidance from their attorneys. That shouldn't take months unless there are problems (which would be concerning). You'd also think they would have at least determined the framework before they started raising money.

The problem is they aren't really saying what's going on...just that they are working on things. If there are no problems and it just takes more time than I think, it shouldn't be very hard to explain that.

Each project needs time to develop. The roadmap is being implemented. Keep calm. A true and transparent project. I recommend keeping your card. Prices are up there, take a look at it here: https://coinmarketcap.com/currencies/real/

Nothing found. Why don't you just post the link like this https://t.me/realplatform? Every channel has one if you choose to display channel information...

Establishing the legal framework for the Token sale is a separate issue from establishing the legal framework for the Real Estate tokenization entity.

It should be easy and fast to do it "wrong". But considering RPP might be securities, and that they are working in a totally new area, I find it normal that it takes a couple of months.

I am very satisfied so far with their progress and transparency. I believe the team is doing the right steps.