Topic: Closed - page 194. (Read 136600 times)

Well i think comparing all these projects is not good, all projects are unique, i personally like the projects that are taking real businesses like real estate to block chain, i think atlant, propy alongwith a few new ones like Real and relest will prove good projects for the industry.

Are you accusing Propy of using Heroku? Why? And do you know what is Heroku?

From Wiki:

"Heroku is a cloud platform as a service (PaaS) supporting several programming languages that is used as a web application deployment model. Heroku, one of the first cloud platforms, has been in development since June 2007, when it supported only the Ruby programming language, but now supports Java, Node.js, Scala, Clojure, Python, PHP, and Go. For this reason, Heroku is said to be a polyglot platform as it lets the developer build, run and scale applications in a similar manner across all the languages."

One more...
In the Terms of token sale under 10 it says:
So let's say that everything works fine and half of the worlds properties are sold via Atlant. Now the board decides that everything remains the same except from now on Atlant is not using ATL tokens anymore but a brand new token. Or they introduce a new token slowly to limit the shock. There is no legal way to stop them? The buyer only owns tokens, but Atlant decides if they are used or not.

I have another question:
If I lose my key to my bitcoin wallet, it is impossible to recover those coins. What will happen if someone loses their key to a wallet that contains property tokens? If it's more than 10%, the property cannot ever be sold anymore because of the 90% threshold...

And how would you know if a 11% token holder lost his key, or is just being silent for a long time?

I don't think that MC's will break the law. But there can be unwanted behavior without breaking the law. I'm not saying that this breaks the whole idea, but there needs to be other provisions put into place, like you say.

If I own 51% and the other 49% sell their tokens cheap because of my decisions, I would be able to buy the rest of the property very cheap! I think the comparison to a public company falls short for a large part. The company suffers long term (brand)damage and it could be self defeating, but the property holds its value.

We are not reinventing the wheel here, the only thing that we are doing is implementing a new holding and transfer structure through tokens and the exchange. Management companies have fiduciary responsibilities, and they will not violate the law blatantly. There are many other provisions put in place to prevent any sort of behavior which would be detrimental to the system. Regardless, think about it, if a house is a cash flow producing asset, and it's value is determined based upon projections of future cash flows, if a large tokenholder would try to do something that is detrimental to those cash flows, similar to companies on an exchange, other token holders would sell their tokens - this would be self detrimental/defeating.

Okay, but with 51% I can just get rid of them and get another MC that I alone like more?
What fee % will a MC take?

Management company, thus you can't pull this off. The role of the management company is similar to what is done right now in www.realtyshares.com or other similar schemes, except you can trade the underlying PTOs in a market.
 

I have a question:
In the whitepaper you say that there is a voting system among token owners.
If a property is tokenized and I manage to buy 51%, I can just rent it to myself (or a friend or something) for 0. This gives me effectively a discount of 49% on the property.

Or is the only person who can decide on the renting price the Management Company? If so, then I can at least put pressure on them to set the rent way too low for me, since I can just vote for another Management Company.

Also, the role of the Management Company seems pretty big to me. They do all of work that an owner normally does and some more (paying the token holders etc). What percentage of the income will the Management Company take you think?

Thanks, we're trying

Our Soft cap for ICO is 1.5 mln $.   We believe that  ATLANT  would become global company that would change the real estate market rules. Therefore our Hard cap is 117 mln $

i have already seen that in the op.. what i mean with my question was what is THE MINIMUM CAP that needed to be reached in order to considered  the ico as a success.

Awesome project, the more i read the more i like, the best part is that it is one of the few projects on blockchain with real world successful business around it and secondly the income that will be shared with the token holders.

Join the signature , look interesting project to me! congratulations the team look legit project

Hi, thank you for your question!


Rex   doesn't tokenize properties, it just lists them, kind of like zillow or trulia, or any of the other services that do this well without the need for a blockchain

The ATLANT platform will enable subdision of individual parcels of real estate by tokenization, and ATLANT will subsequently list them on exchanges via PTO (Property Token Offering), starting with the decentralized ADEX exchange, based on Ethereum smart contracts.     What we plan to do is create a tradeable market place for individual real estate properties which would revolutionize one of the world's largest markets. Also we plan to disrupt booking and airbnb which charge upwards of 30% because of their bloated staff. Many other real estate projects just replicate what already exists such as etfs or reits in a crypto wrapper - which we think is not terribly useful or innovative. However our project has solid foundation, experienced team which has business (investment banking / hedge funds) and technical expertise having built previous crypto projects



Propy is basically a cheap script, imitating Zillow or Trulia - it does not let you tokenize properties or purchase properties with cryptocurrency. Look at their video, https://www.youtube.com/watch?v=EQQLy11uhgs on time index 01:33. Don’t just focus on the fact that Steven Johnson is a US Citizen yet a Ukrainian National, look carefully at the domain name on the title bar. You will see that they bought a $500 off the shelf real estate script, and put their logos into it, and forgot to change the website when creating their video.
Further, while they purportedly record everything on the blockchain at time index 2:05 they say that they bring the title to the local authority for approval – this does not sound very decentralized, and is not possible without a massive amount of staff, in each location where this is done. Further they allege that this is possible in the US where no authority can guarantee that there are no leans against the property, and it is almost always necessary to purchase title insurance, in the event that a lean is found down the road. They fail to mention any of this. What I can say is, good luck to Propy investors… :')

NEW these two days of performance is quite good, with the pace of bitcoin go, there has been a big increase, but the distance from the previous high point is still a lot of difference, refueling fly, I'm about to be untied

Hey, a question, how do you technically compare your project with similar project like REX or Proppy?

hi.
pre-sale -  ATL 5,625,000

ICO - ATL 315,000,000

i have few questions:

1. how much must be raised during the presale in order to say that the pre sale is successful?
2. how about during the ico?

answers from the team will be very helpful.

thanks!