Topic: [ANN][ICO] Monaco Estate - Cryptocurrency Real Estate Investment Fund ICO - page 5. (Read 1140 times)

In full transparency we have published our token sale smart contracts code on GitHub.

We welcome you to view the smart contract code for yourself. You will be able to see we have white list functionality, 80% investor - 20% team token distribution and a built in escrow contract that ensures all investors are refunded in the event the token sale fails.

All the smart contracts seen in the code are published and live on the Ethereum blockchain.

https://github.com/monacoestate/Monaco-Estate-Token-Sale-Smart-Contracts

Youtuber Cyrpto Jeremy reviews Monaco Estate ICO:

https://www.youtube.com/watch?v=5o55tvLLiBk

There is no bounty or referral program as we want to maximize investor returns. Bounty and referral programs would devalue the token and investor returns.

The most we offer is a 10% bonus to those investing at presale but only for the first 3,000 ETH.

There is any bounty on this project?

Youtuber Cream Tv reviews Monaco Estate ICO:

https://www.youtube.com/watch?v=Vu3OG89dOOk

This is not a project requiring huge technological development. Once the distribution smart contract is developed the project requires no further technological development.

With huge tech startups developing pioneering blockchain technology you may be right that large teams are required. Rest assured real estate does not require a huge team to manage. As detailed in the whitepaper, if needed we may utilize a local lettings agents who manage the properties for a nominal fee. However it is unlikely an agency will be needed given the number of properties under our management.

This is a project dealing with real world assets with a focus on investor returns. I am always vary of ICO projects with huge teams, it can often be they do not have investors interests at heart given that each team member and adviser may be getting a token or company share.

We are working with several contractors (web/graphic designer, legal counsel and online marketers), none of which are receiving a share of the company or additional tokens. These expenses are paid personally by the directors and these expenses will not be reclaimed from the ICO. By minimizing our team we can maximize the investors token share.

We appreciate your concerns regarding the small team. We did not feel it was important to list the contractors we were using and listed only those involved in the long term project. Having raised this concern with us, it is now likely we will add the more recognizable names we are dealing with to our website as others may have these same concerns.



We have hired a company called Aequalis to develop the crowdsale, escrow and distribution smart contracts. They are a highly skilled blockchain development company and have an excellent track record working with multiple ERC20 tokens and Ethereum Dapps.

They are always on hand to provide further development if needed, but they are contractors hired at the directors expense. They are not getting a share of the tokens or company.



It is the token holders responsibility as to where they wish to store their tokens.

Regarding smart contract security, all aspects of smart contract security are taken into account by the development team. The token sale will be utilizing a secure escrow wallet for investor security. Extensive testing is done before the smart contracts are deployed.

With regards to our ongoing security, no cryptocurrency will be held long term by the company. Ethereum will be purchased on a monthly basis and sent directly to the distribution smart contract.


If you have any further questions or concerns, we are happy to address them.

Great name, but no excuse for the rest very difficult to believe, completely new accounts, little information, no announcement about the team, you are either not prepared or you want to cut some money from suckers... the site on the knee was made up, and two people in the team - it's as suspicious for such a swing

At face value it appears as though this is just a two person team behind this ICO.  As such the assumption would be that both are experts in blockchain technology programming, cryptocurrencies, risk mitigation experience with hacking etc in addition to their stated skills.  

To provide comfort/clarity to potential investors, it may be beneficial to publicly detail who you will be utilising for the blockchain related aspects and information on the smart contract.

Who are the blockchain architects/experts that will be used?

Will they be involved in an ongoing capacity and will the backend be able to be updated and improved as blockchain (Ethereum) capabilities improves?

What are your mediation/risk protocols for token security, wallets, hacking  etc?

Very light on the Token/Ethereum/Blockchain information and again as a husband and wife operation pushing this it could be of concern as most crypto projects of substance are utilising many extra teams / agencies to launch / support and develop their products.

Any information that you could provide and transparency as to other partners / agencies / companies that will be used to support your goals would be beneficial for transparency.

Use of Escrow Contract:

Investor security and confidence is very important to us. That is why we will be using an escrow smart contract during the ICO crowdsale to ensure investor peace of mind.

The Monaco Estate token ICO will be secured by an escrow smart contract to offer full transparency and security to all our investors!

The escrow service guarantees full refunds to investors if softcap is not met and will only transfer the funds raised to the company in event of successful ICO.

Hello! I am editor from icoholder.com. Your IСO was added to our listing and now is available to investors: https://icoholder.com/en/monaco-estate-ico-18133 You can edit your Page  by adding more information about your ICO after verification and also verify team members to improve ranking.

BusinessInsider has this to say about Monaco Estate:


http://markets.businessinsider.com/news/stocks/Monaco-Estate-to-Launch-the-First-Cryptocurrency-Real-Estate-Investment-Fund-Presale-Begins-May-1st-2018-1001729353

Information video:

https://www.youtube.com/watch?v=eNpEGU68cb4

Monaco ranks top for millionaire density in the world. 30% of Monaco's residents are millionaires, meaning Monaco houses 11,600 millionaires in under 1 square mile.

See the image below to see the top countries for millionaire density around the world.

https://image.ibb.co/iRfoMH/monaco_millionaires.png

Because of Monaco's clientele and the fact that property in Monaco can save residents multi-millions each year, Monaco has the highest price of real estate per square meter in the world. Making it the most sought after real estate investment.

https://image.ibb.co/gMR68x/monaco_sq_meter_price.jpg

Press release featured on Bitcoin PR Buzz.

http://bitcoinprbuzz.com/monaco-estate-cryptocurrency-real-estate-investment-fund-presale/

You have been to Monaco then?! You are right, property and everything in general in Monaco is extremely expensive.

Our softcap of 2,000 ETH is sufficient for us to purchase a single apartment.

It is quite possible to obtain a single studio apartment for $1.6-1.8m plus the 9% registration and legal fee's $1.8-$1.9 is a safe bet for one studio apartment with parking space. With the excess left over from our just our softcap it is likely we will have enough to purchase an additional car parking space which can also be leased separately.

There are plenty of apartments studio and above in excess of $2.4, but we focus and specialize in finding deals that produce a higher than average returns.

Maybe after the studio and additional parking space we may just about have enough left over for a Monaco coffee!! 

There is something wrong here.

"SOFTCAP: 2,000 ETH"

With 2.4M$ (current price of 2K ETH) you can't even drink coffees in Monaco for a longer period in Monaco. How can you buy/rent/manage properties there then?

this looks like it is a great project

Monaco* not Morocco

Yes there is information and graphs in our white paper.

Due to Monaco's tax situation and extreme limited space, the demand for housing and residency in Monaco is extremely high and increases year on year.

Over the last 4 years capital value growth on apartments in Monaco is a minimum of 10% p/a. With 180% capital growth since 2004.

https://preview.ibb.co/cUa4pR/house_prices.jpg

Real estate has always been the most stable investment mode. Is there any specific data on the rent growth and investment prospects of Morocco?

Interesting article by Forbes that ranks Monaco #1 for 'Millionaire Density' in the world.

https://www.forbes.com/sites/rogeraitken/2017/05/27/monaco-ranks-top-for-millionaire-density-despite-dip-as-grand-prix-gets-underway/#15e7f8ed2b73

Over 30% of Monaco's 38,695 residents are millionaires, all housed within a single square mile - making it the most premium real estate in the world.

https://preview.ibb.co/nxOeOm/monaco_sq_meter_price.jpg

The above graph shows the difference in real estate value between the top ranking millionaire dense cities.