Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO][BOUNTY] 🔥 DomusCoins ICO 🔥 Coin backed by real estate properties ✔
by
solariN
on 23/02/2018, 15:35:09 UTC
I think the ICO price is a bit expensive for a 1 billion total supply coin. Although the total supply for ICO is low but some investors will hesitate to invest as the team may sell the remaining coins when the coin gets a good price in exchanges.

I can understand your concerns, but let me explain these numbers:

1. We commit, in the white paper and legally, not to cause inflation by selling tokens UNLESS they are backed by real estate properties

2. 10 million tokens =10 million USD of which 800,000 tokens are already backed by real estate properties. We don't want to take the risk to make a bigger ICO because to make things seriously we need to choose the apartments and the locations properly.

3. We need a reserve and it is good for everyone holiding DomusCoins: when the price of DomusCoins appreciates, we can bring in more properties, hence being able to sell the DomusCoins in reserves at a higher price. This mechanism will consolidate the value of the DomusCoins already in circulation. (see here for more info: https://bitcointalk.org/index.php?topic=2947691.msg30335622#msg30335622)