This thread is becoming a joke lol whether its true that their CTO is in jail because of whatever reason and the team is a scam just as some claim then I guess that CTO deserves to be there rubbing his bar. To me, I'd like to see this crypto version of AirBNB to be realized. I hold some of these tokens which is why I want this to have at least a gradual success.
I think we all agree that the idea behind this project to tokenize real estate market and to be the first AirBnB on the blockchain speaks to me even now.
Are they able to do this? This is the real question.
From what I know this is open source and everything is easily available on Github. Bitcointalk is so big and there so many investors and bounty hunters from this community. We need one who will look into this code and tell us what this is and how far they are with development. Is this garbage or worth something? I think there should be somebody willing and able to do.
I don't want to talk any more about price predictions because I don't think we will see any positive movements soon. Short spikes and deeper deeps this looks to me as a killer bearish pattern confirmed from months. What to talk about? You can't win with facts.
let's wait for platform launch. team still paying to bounty hunters. if they keep their words with bounty question..
That would be a good achievement and it will definitely help the price of ATL token to increase.
Without the platform, everything we hear is just a mere speculation and in overall the market is not good so it's hard for ATL to rise.
There is still a problem with regulations in different countries. I just can't figure it out how such a property can be legally tokenized online.
Who will be the owner if I buy 51% of tokens available? I have hundreds of other questions and can't find the answer in Atlant white paper.
If they only will rent properties then this will be a lot easier but buying and selling involve a lot of paperwork which can't be done online. I hope not but this could be too soon for such a project. I don't think any country is prepared for this and needed regulations don't exist yet. Everybody is excited and talking about the platform launch but I don't think this is the key to Atlant success.
You are absolutely right in your questions. But usually the legislation of the countries does not keep up with the technologies. So it was with the advent of the first cars.
Tokenization of real estate and assets is an indispensable process.
Nadejus, Atlant will be a real example of tokenization.
Anybody who bought a property in his life knows how much documents and work this is. Hard to imagine that with few clicks you will be able to sell or rent your property. This isn't possible and this will be not few clicks. I keep reading Atlant white paper and every time I read, I have a lot of questions and concerns.
Atlant says that they will make money because they cut off the middleman and this will bring significant 25% cost reduction. On the next page, they are introducing an army of people which will be needed for this paperwork. Not only this but managing services, arbiters, senior arbiters, lawyers, companies for digital signing and gathering all these documents. Not only those people don't exist yet and are not hired but they all have to deal with something new, which they first have to learn. This takes time of course and a lot of money.
Everybody is focusing on the platform launch and forgets that there are many more components and few of them much more important for this project. All pieces are needed together for Atlant to work and be useful. I just can't imagine that we will see first property tokenized and sold sooner as in 2 years from now. If you think realistic how much work has to be done to be able to launch Atlant platform then this is the only outcome.
Real Estate is put into SPV first. Technically not the property is tokenized, but the company owning the property. That's how the business model becomes viable even for 2018. You might want to reread the white paper -
https://atlant.io/assets/documents/en/Atlant_WP_publish.pdfBelieve me, I have read a few times. I have to admit that this white paper is professional and explains almost everything. One of best white papers I have seen. Anyways I have doubts and that is why I ask my question and share my point of view to hear your feedback and opinions.
I see that first, tokenized property has to be worth more as 20.000.000$ which is again a concern for me. This is like closing doors for the rest of the market under 20 million. I understand that later they will let smaller properties to be listed but I don't understand why not let everything t be tokenized on the Atlant platform.
Why not start only with rental first to launch the application and stop Atlant token price from epic fall? Finally why they lied to us with their first roadmap and that app will be launched 3 months ago? This is obvious that they knew from the start that this will be impossible to deliver the application at scheduled in roadmap time.
I keep repeating this and will say again. Transparency is the key to success, especially blockchain startups.