Hi all, could you please explain better how the RPT token works?
I saw the video on you page with the example, but that confuse me.
- Bob has a land that worth 100k DOLLARS and want to build an house for sell it
- John, Peter, Hellen and Tom have 25k Dollars each and want to partecipate
- They convert their RPT token in SPT token... but... they have 25k Dollars... they haven't token in this example.. they need to go to an exchange and purchase it ? Could you please complete this example with all steps?
Thanks in advance
Hey Full Tilt, you have pretty much got it right, their tokens are converted into fiat to pay for the project, not everybody excepts crypto yet(although we will be working on this) then when the project is completed the fiat is turned back into tokens for them.
We are still perfecting the system, the crowd decide app will come first so we can get people to vote on the way they want it to work.