Re: [ANN] REAL [ICO] Invest in Real Estate, Earn Ether [AUGUST TOKEN SALE]
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?
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?
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
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.
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.