Post
Topic
Board Announcements (Altcoins)
Re: [ANN ICO+Bounty] [REA] REALISTO - Real Estate Investing For Everyone, Everywhere
by
Robomir3
on 17/11/2017, 21:22:08 UTC

Hey Squirrel,
thank you for bringing that up actually.
Initially we thought we should work with a minimum contribution in the Pre-Sale but after a lot of feedback from our community we felt it was unfair to make the Pre-Sale unavailable to smaller investors since our goal is actually the opposite.

The Final Values are 0.1 ETH minimum in the Pre-Sale and 0.01 ETH in the ICO.

When we initially set up the Contract we calculated the baserate with 1 ETH - 300 USD - 300 REA but since Ethereum has risen to approx. 330 USD we have also raised the baserate to 1 ETH -330 REA.
In the Pre-Sale you will receive 429 REA for 1 ETH

Hope we could answer all your questions.

Thank you a lot for your responses! As always you didn't disappointed me Smiley

It is great that you explained that issue, although I strongly think that you should put it in some clearly visible place to avoid confusion.

I hope I am not becoming annoying. However I have few new questions to you Smiley I like to have a clear view on situation:

1. Is there any minimal budget you are aiming to obtain during ICO as whole? If so, what will happen with ICO find if you won't reach this minimal cap?

2. As you said. You have decided to scale up REA tokens in relation to ETH (so 1ETH = 330 REA). Will that happen as well with Bounty Campaign rewards? I believe it is only fair to do that as well.

3. On your token pre-sales website it is stated that currently obtained founds are 500k $. It has a disclaimer that it includes FIAT contributions. Could you give more details about that issue? What are Fiat contributions? I do not believe to see anything mentioned about it before. Do you have some external investor (company?)? Is it possible to know more?

4. In relation to previous question. I made some calculation and current ETH and BTC investments are responsible of around 110 000 of REA tokens. However, there are around 660 000 REA tokens created. it means that 550 000 REA tokens were created other way.

I believe they were created by FIAT contributions with this transaction:
https://etherscan.io/tx/0xd446f653870393100c865d89cdf8ae05d5141ce3a1277a28d52b7641d2804dc9

Can you explain us what happen in this transaction. Were this 500 000 REA tokens came from?

5.  In relation to question 4.  I see on your github that your contract has function:

  function grant_token_from_offchain(address _toAddr, uint _nTokens, string _ref) public onlyRobot {
    require ( (campaignState == 2)
              ||(campaignState == 1));

    do_grant_tokens(_toAddr, _nTokens);
    TokenGranted(_toAddr, _nTokens, _ref);
  }


I find it slightly dengerous that there is a function which can created unlimited number of tokens without providing ETH to contract. What are the guarantees that it won't be misused or hacked?

6. Last but not least. Please verify and publish a source code of your smart contracts on etherscan (including token pre-sales smart contract). One of the most important things about Blockchain is full transparency. Currently, by not publishing and veryfing your code on etherscan you make yourself look less legit as a company. Please take this seriously into consideration, full transparency and view into your code for investors is crucial. It is all blockchain is about!


Thank you in advance for your answers!

Best Regards!

The Realisto Smart contract was audited by CoinFabrik. You can find the audit here: https://blog.coinfabrik.com/realisto-token-sale-smart-contract-audit/

As far as your concerns regarding token generation I am not 100% sure but I assume that this function is triggered for BTC payments since they are obviously not on the ETH chain.