Where are we currently at in terms of raised amount of money?
The ICO raised just over 37k ETH, which would be around $11 million.
Wow, that is a huge bag of money. Excited about what you are going to pull off with it!
Yeah but you do realize that only 51% will go towards the project. They will only buy property with 51% of the money and keep the rest.
To be honest I am not fully aware of that. They simply keep the rest? I mean, they use it for operational costs and stuff. They need to finance the operations apart from buying property itself.
BonTon, REAL was the reason why I joined this forum. I'm not a bitpro, however I try to get the knowledge regarding crypto.
To make it short. From what I understood it's common to give 20% to developers. On top they decided to have 29% to their disposal. Just in case there was a need for that tokens.
If I get you right, what you mean by finanacing the properties is the maintanance costs eg. keeping management, keeping housekeepers and so on. I tried to get an answer whether that was included in their 20% goal, but I got no answer. So I guess 20% was.. undescribable. I tend to believe, that Melissa as beautiful as she is, was to short to understand it.
To answer your question straight: read the white paper. It's all there.