Topic: [ANN] Real Estate Blockchain Crowdfunding Technology - page 51. (Read 139483 times)

Hmm...I'll have to go back and run through the numbers. Either way, it doesn't change the fact that ICO participants end up getting screwed.

I also heard that very little of the money set aside for acquisitions has been converted to fiat. They are using investor funds to speculate on the price of ETH.

While this could end up benefiting token holders, they are taking on additional risk that investors did not specifically sign up for.  It should be concerning that they are making non-real estate bets, even if it ends up being profitable. I imagine anyone here is capable of making their own crypto bets however they see fit and they don't need real estate "experts" to be doing this for them.

No, the remaining 49% are tokens, that were not for sale. 20% went to the team (they cannot sell it for a year), and 29% was meant to be a backup for future projects, however they can sell it right away  if they havent got enough money to buy a property.

Could someone from REAL show the face and reply all the answers and opinions about the project?
They are very unresponsive since the failed ICO launch when it was a disaster and it had to be postponed several hours.
This projects looked like a good idea but when I read the post from other users and they point of view from the RE world... this seems like a train wreck.. this is the second disappointment I have from a Spanish cryptocurrency project.

That's the point, you either mourn after your losses or you step up take the loss like a trader and move on. Don't think so much about the loss, concentrate on winning.

Anyway this project didn't start yet, it still has a lot of potential to grow and it will grow.

You're right, but wouldn't it be ~80% of 51% (or ~40%)?
I'm referencing the whitepaper from my phone, so it's not easy to double check.  

Either way, anyone who invested in this ICO signed up for a guaranteed loss. It's like saying "Here's $1.00. Please invest $0.40 in real estate for me and keep the change."

This isn't FUD...it's simple math. Even if they hit their target investment returns, it'll take token holders years just to break even.

I think you got it wrong. Page 23 of WP. The were presumably willing to invest 70-80% of what they got from token sale on condition that money for COP are deducted. Since COP (Core Operating Budget) was estimated to be 8 million dollars, they are left with 3 million. So in fact it would mean they are investing 25%

As a RE professional I was quite active here in early September trying to open eyes of those who saw this project as 'incredible'. I asked loads of questions to Melissa, but she wouldn't answer. And I'm not surprised as these were serious questions regarding financial terms. I tried to warn all those who apparently had never have any experience in RE, but after a while I realized that there is no hope for them.

Lastly, even if they were to invest 11M and get 12% yield, that makes 1,32M a year. 10% (their profit) would be 132K a year, that is 11K dollars a month. ELEVEN THOUSAND DOLLARS. Do you really think it is possible to hire bunch of RE and Blockchain specialists for that amount of money? I mean.... C'MON

He's referring to the info that starts on page 31 of the whitepaper. Only about half of what token holders funded is actually used for acquiring properties.

In the institutional world, fund sponsors only earn a promoted interest after certain return hurdles are reached. This helps keep interests aligned.

The REAL team is getting 20% of your money before they even buy a property.

Also, the CEO is getting a very nice salary with guaranteed raises over the next few years.

I wouldn't be surprised if no one has called them out on this yet. Anyone who read through the whitepaper and really thought about it would have seen that this was a terrible ICO to invest in.

Aside from being a windfall for the team, there were plenty of other reasons to stay away. I posted a couple of days ago how there is no fundamental reason for this token to EVER trade above the ICO price. This isn't FUD...what I'm saying is pretty clear and simple to understand if you really look at it. The ICO price is basically the maximum amount that the token should ever trade for, so there's no reason to have participated when there's no benefit to tying up your funds so far in advance while also giving away such a large percentage.

The tokens only starts to make sense at 50% of original value, or less.

Is this a question or FUD?

Here is your answer,

"THE REAL TOKEN AND RPP
Our system is built upon two units of value; our innovative cryptocurrency REAL Token which may be held in any Ethereum Smart Wallet and the internal, tradeable, asset-backed REAL Property Participation (RPP) for use on our Crowdfunding platform. The Real Estate Asset Ledger Token ("REAL”) is a Blockchain secure digital asset with built-in vesting functionality. This cryptocurrency is built upon the Minime token developed by Jordi Baylina (Giveth), an established token standard for governance used in many major token sales such as Aragon and Status.
Real Tokens are minted via a Token Sale Smart Contract and can be held in any Ethereum ERC20 compatible Wallet. REAL Tokens will be tradable outside REAL platform, as they are an ERC20 Token with inherent value in the exchanges. Investors will also be able to use REAL Tokens for acquiring Real Estate Participations (RPP) which may be traded for liquidity or used to participate in our Crowdfunding Platform.  This ecosystem frees consumers to participate in the Real Estate market without the traditional high barriers to investment. "

You will turn in your "REAL" tokens into RPP tokens, these will be used to invest in real estate.

The real estate platform is being built, but they are a month behind the roadmap.

Can you tell me how this project is "asset backed" when they are pulling money out of thin air giving out up to 25% bonuses?

Only the crowdsale tokens are "asset backed" (that's 51%) and on top of that you have bonuses up to 25%! These bonuses are not "asset backed" either.

They must have been called out on this before, no? I can't be the first who has noticed this. I don't have time to read trough 100+ pages to find their response to this. Someone knows?

Yeah but you do realize that only 51% will go towards the project. They will only buy property with 51% of the money and keep the rest.

Wow, that is a huge bag of money. Excited about what you are going to pull off with it!

We have see many FUDs for Real project, of course it is normal when the devs decided reduce the reward for bounty campaign while they did not have reserve at first time.
Current price is reasonable while the price fluctuation happens strongly + almost altcoins are decreasing the price + bounty hunters sell their tokens.

I think they are still partying with the money the robbed us off.

These scammers have no soul. Quick and easy money.

https://medium.com/@real_token/real-landed-in-singapore-f236eeb757dc

developers moved their entire roadmap for a month. Just posted a telegram news about Singapore

where did you see this message , as this project investor ofcause hope that will come true ,let's wait for this good news quiet ,hope not delay.

said that dividends will be paid on eth collected at ico and purchased on it. So everything is ok

Damm... I changed my mind about this project (
I thinked this is perspective project (

So whats going on about real? Did Creators got the money and left? I check couple pages and full of complains about bounty and value. As market its joined onlu etherdelta right?