Topic: [RLX] Relex: World's 1st Blockchain-Based Proxy Real Estate Developer Platform - page 5. (Read 22644 times)

Hi Everyone:

We have made some light changes to the Bitcointalk landing page, as follows:

1) Clarified Participation Options- Note: all options are exactly the same as before, but we have clarified in order to make everything crystal clear for the community. Crystal will be a theme going forward with the Relex 3.0 iteration of the platform, to be released in the coming time.

2) Updated banner

3) Updated US office contact information


Also, soon there will be a separate thread for Relex Health. All health and inhalable medicine development questions and comments at that time are to be directed to the Relex Health thread, and a link will be available shortly for this. There will be a separate Facebook, Twitter, Bitcointalk, Telegram, and so on. This is in preparation for the rollout of the planned Relex ecosystem.

We are currently investing a lot of time, money, and energy into the next iteration of the Relex platform, which we will call Relex 3.0 for now.

Relex 3.0 has a lot of improvements in store for the Relex community, and we will release a soft launch date for Relex 3.0 shortly.

Also, soon we will have another webinar, this time in the form of a Q and A. All of you that have had questions, we are glad to have a town-hall style meeting at a time that will be announced soon.

As always, thank you for your support, and we think you will find Relex 3.0 a welcome improvement over the current website and platform.

Relex Team

I like the sound of Relex and have invested, but the one thing I am unsure about, is how do people use the rlx tokens to buy real estate, I have seen on the Relex website that you can use 10 rlx tokens to express an interest in purchasing a property, but there must be a plan to use the 2 billion tokens for a purpose other than this?

 Relex did mention in some previous posts that ideally they saw the value of the rlx token as somewhere between 25c and a $1 to support the market cap of the property contracts. So am still unsure how the value of the contracts feeds into the demand for rlx tokens? How will the platform be used to support a higher market cap for the tokens. This is one of my main questions, and if I have this question, others will probably have the same question.

Can the rlx tokens be used to settle property purchases. How does this work?  I am sure Relex has a plan, but it is not entirely clear from looking over their website, I would like to know more about how rlx tokens will be transacted on the platform and the value proposition behind the token.

I suspect that their are good answers to by questions and would love to know more. Many thanks.

RELEX is practically free at the moment, I guess if you are on the fence about the project, your risk exposure currently minimal.

Quick update:

We are pleased to announce that Relex will be speaking at the Yalta International Economic Forum April 19-22, covering blockchain solutions @ national level & strategies for global implementation. We appreciate the invitation from our hosts, and we look forward to speaking and providing our insight and blockchain solutions.

More information on the event can be seen at:

http://rustrade.org.uk/eng/?p=5728

Relex Team

i see you are saying you will release tokens gradually but how exactly are you doing that?

Sounds better and better and i have a good feeling about this project. glad to see more here

By accessing the website informed on the ANN home page, the hyperlink is being redirected to ftp service: http://ftp://www.relex.io/. So could correct?

Bruh... I think you are underestimating the listing cost for Cryptopia. Last I read it was around 15BTC.
With access to Woodfine's assets, that should be no issue but its not exactly cheap.

Hi Relex Team

Is it possible to buy a 100 percent of a property with RLX tokens?Your Website is not a hundred percent clear on how the tokens are used for investment purposes, e.g. do they need to be used in conjunction with cash?

What ultimate market cap would you like to see the 2 b RLX tokens support in the long term say 3 to 5 years from now?

how does the value of proj CT’s you are undertaking relate to the value of the tokens, e.g. if you are undertaking $4 billion worth of projects, what does this mean for the value of the tokens, just thought I would raise these questions, as other investors might have the same questions as me.

Cheers

Scott

Hi Relex Team

Bittrex is a large and high volume exchange,  but it could be expensive and you might need high volumes.  I think a fair few people use Cryptopia and it is cheap to get listed on.

 Have you thought about listing on Bistshares aswell, I can see massive growth ahead for Bitshares as they closely align their community with the EOS community. In the future EOS will be the dominant blockchain, as nothing will compete with its speed, security and low transaction costs.

 Bitshares run a platform for buying and selling tokens and also a banking facility. they have facilities for people to swap out crypto assets into stable contracts and commodies like gold etc. You could offer them the property development style asset which the users of the platform don’t currently have.

 It might be worthwhile having a discussion with Stan Larimer who is a spokesperson for Bitshares, his son Dan Larimer is the CFO of EOS. I can see a lot of synergies with your business and what could be facilitated on the Bitshares platform.

Cheers

Scott

Thank you for the update. I vote large (credible) exchange, if that is feasible now. What's another two weeks?  Someone/somebot appears to have bought RLX at 0.05-7 ETH over 1 h on IDEX.

OKEX volume is completely faked, Kucoin is likely padded as well but nowhere near as much as OKEX, Binance, CoinEgg, or any of the other Chinese exchanges.
Trex, Qryptos are gtg and IDEX, Crypto-Bridge, or some other DEX is what should be focused on. The masses will migrate to DEX when they understand the volumes are faked.

Here is a good starter:
https://medium.com/@sylvainartplayribes/chasing-fake-volume-a-crypto-plague-ea1a3c1e0b5e

@ipizi, Yes, that would indeed cause the price to be low, whereas too few coins restricts the ability for new users to enter the ecosystem. Therefore, our practice of releasing coins into the ecosystem in a controlled and gradual manner allows new participants to enter, expanding the community, while taking care not to overload the system. We can achieve a balance between inflationary and deflationary by using proper release protocol for tokens entering the RLX ecosystem. In our view, this is the best way to go about this. These are real estate projects with a combined value, when Woodfine is included, of well over $1 billion dollars. We would more accurately pin that number in the area of $3-4 billion. In order to adequately service this kind of requirements from the developer, we have set an amount of coins amounting to 2 billion. When additional projects that are signed, but not on blockchain yet, are considered, 2 billion tokens does not actually satisfy project demand of the developers at only $1 per token. So with that in mind, what may be fine for other tokens is not appropriate for our business. Burning tokens would simply restrict the ability for new entrants to participate.

Secondly, RLX is different in the sense that any one of you, at any time, currently can use your RLX tokens to purchase a) real estate units of developments currently under construction, or b) a minimum requirement amount of Woodfine common shares or LP units. Other tokens that purely base their value on the appreciation of the token itself may be more concerned with token burns and other things to increase the value of the token itself, but we instead provide a) a way to cash out of cryptocurrency in a fast and efficient manner into real assets b) a way to access real estate opportunities that otherwise would be difficult to execute done on your own, with historically strong returns that likely beat the returns one can get in one's own country. So while stable value of RLX is in everyone's interests, it is not the only consideration here. You have access to 20-year long returns in the form of Cocobay, and you have 8 year returns in the form of Woodfine- and Woodfine allows you to cash out at any time- which is rare in a fund. So there are two dynamics here- the appreciation of the token, and the acquisition of real estate units, common shares, and LP units.
 
At any time the cryptocurrency markets are performing poorly, there is always an option to get into something real with RLX. We believe that, while cryptocurrency is a great vehicle for exploration as well as returns, that one should put their gains in something beyond just another cryptocurrency. In that way, you stand to lock in your gains. All purchasers and/or investors receive paper certificates along with a blockchain proof, so RLX investors have two forms of ownership. And as much as we have talked about compliance, the fact of the matter is if you participate in full units （minimum $10,000 blocks into Woodfine common shares， $100,000 blocks into Cocobay, $300,000 blocks into Marine City, you can take ownership in these units right away. If one wishes to participate in crowdfunding, one must wait until we receive full approval from US regulators, but there is absolutely no issue with the utilization of RLX tokens right now for the purpose of full real estate purchases, or a minimum block of Woodfine common shares at $10,000. Woodfine LP units minimum is currently $250,000, and these funds can be withdrawn from the Woodfine fund at any time. We encourage you to refresh yourselves with the project details of Cocobay, Marine City, and Woodfine to understand what is currently on offer. If you have any questions about the offerings themselves, we encourage you to contact us and ask, and we would be happy to answer any of your questions.

Third, when the new website comes up, all of this will be displayed and organized in a much more clear fashion, but the fact of the matter is that unlike other tokens, there is no need to wait and hold if you do not wish to. You are able to use them right now, and we are also enabling RLX holders to be able to contribute towards the research and development of new inhalable products, of which RLX Health token holders (RLX holders get granted RLX2 upon launch) can acquire state/province level exclusive B2B distribution rights in large countries such as China and the US, etc., and country wide exclusivity in smaller countries. Therefore, RLX2 enables you to launch your own inhalable supplement and medicine business in your own country, state, or province, with full exclusivity in your residence alloted to you (on a first come, first serve basis, of course). More details will be released when the Relex 2.0 upgrade to the website is launched, at which time more details will become available for RLX Health tokens.

Fourth, I think it is worth mentioning that regarding longevity, this is an extension of our business that we've been running since 2014. We have no intention to stop operations of our business, and we are taking a long term view towards Relex as well.

In order to have better communication, we will shortly move all this important information onto the main intro page for RLX on Bitcointalk, so it has more updated information. Once the Bitcointalk page is updated with this new information, an official Telegram will also be launched, and we will be posting our policy guidelines for this channel and group at that time. Furthermore, there will be a clear distinction in information separating the real estate arm from the inhalable pharma/supplement arm.

We will also be letting you know the ETA for the new website, as we will be ready to release further details on that shortly.

In the meantime, any and all input on what exchanges we should launch in the meantime are important for hearing your feedback, and expect this more from us, as we plan to involve the Relex community increasingly more on topics such as what real estate projects to adopt vs. reject, what inhalable products would be most interesting to invent and develop (with RLX Health token holders being able to then have distribution rights for these inhalable products) and so on.

Thank you, and further details will be available in the coming time.

Relex Team

Yobit - does around 32m in daily volume and roughly 1900 markets? Forgot about the wallet issues YoBIt constantly has...lots of complaints.

Kucoin - is a great exchange eager to get new listings with lots of bounties!

OKEX - is #1 in volume with 500+ markets

Any exchange with KRW tradings pairs is going to see plenty of daily volume

Well, that's not abnormal for coins with high supply to not release them all at once, that would cause the price to be low. They have mentioned bounties and burns I believe, but I'll let them clarify.

85000000        - not much of a problem 4.2% of supply

1385332903    - a problem all owned by the team 70% of the supply

[/quote]
Perhaps these tokens are reserved for future tasks or will be sold out after the main stage of sales. The project manager should answer this question.
[/quote]

So, I asked two people who work on the project via telegram, a "Keith", and "Kevin Vu" and the response was that CoinTelegraph staff (1 or 2 people within) own 85 Million RLX tokens, and that the rest belong to the team. They also mentioned how they tried to persuade them to sell some of the tokens, as the team felt they were holding too many. They said all requests were denied. So basically they, and probably a few others bought up 10% of the supply because of the price/low volume.

My vote would go to whichever of those exchanges have the most daily volumes. Also fyi, the volume requirement for being listed on CMC has been raised to $100,000 per their website. I say get o a few small exchanges with decent volume now, but regardless, we still need to get on a larger exchange sooner than later. The focus on a larger exchange should not be cut completely, or the token will never have the exponential value and growth. Can we also have some clarification regarding the health relex token, and some of it's details?

https://idex.market/eth/rlx

already on idex