Crowdvilla also uses tokens in the system ... Not so easy to understand) How is this regulated by smart contracts? Still want to know more about security, if it comes to a global project.
Crowdvilla uses a Token-Point System built on the blockchain so that the generation is decentralised and transparent. The CRV Token represents a share of time-value of use of all properties in the portfolio. CRV Token holders will receive CROWD (Crowd Points) on an ongoing basis, proportional to number of CRV Tokens held and length of holding period. These CROWD can be used at all times to book for actual stays in all of the Crowdvilla properties. It is on the Ethereum Blockchain. Our smart contract has been audited by New Alchemy to ensure code quality and no loopholes are found.
Why do you guys decide to use the blockchain? I don't understand.
Blockchain allows Crowdvilla's tokens to be transparent. With the NPO (Non-profit organization) structure and the decentralized asset model, Crowdvilla can strive to achieve true sharing for its community. This cannot be achieved in a point based system where there is a centralized token system.
Where can I see the details of the New Alchemy report? I would like to comment.
You can find the
New Alchemy report covered on the blog post here.
As I understand, the project will also include hotels. What level of hotels will be included in the line of proposals?
Depending on the amount raised, the team will then be able to confirm the type and location of hotel.
You may view the property selection criteria as well as the visual concepts drawn by the team in the
whitepaper.
Lets say Im ready to invest in Crowdvilla, Ive bought tokens
Whats next? How will the real estate items selected and acquired?
Visit page 13 of the
whitepaper to view the property selection criteria and acquisition model.
Lets say Im ready to invest in Crowdvilla, Ive bought tokens
Whats next? How will the real estate items selected and acquired?
Theres a special algorithm for selection and estimation of the real estate items which starts from Crowdvilla manager. He will be responsible for all the decisions related to acquisition of objects and use of tokens.
The presence of a particular job position with clear requirements is a good advantage for the project, of course. Im glad that its clear whom its possible to ask about results if necessary.
First the short list of the items which can be interesting to be obtained is made, then the managers of the project together with advisors choose a particular real estate item. The choice is always made basing on correspondence to the key parameters.
Id also like to learn about key parameters, but later. What happens after that?
After that the team of the project effects a deal or enters the auction to obtain the item thats chosen. In this case theres a lot of related work estimation of law, financial, technical and other aspects. Laborious and long process.
Will investors (simple people who has invested in the project) somehow take part in votes?
The community will be consulted via polls. Crowdvilla will take the community input seriously to make its decision on property acquisitions.
How can this project can benefit us as investors? I cant see your point.
Crowdvilla CRV token holders can benefit from the buying CRV one and generating CROWD to stay at different properties globally perpetually.
Token holders can also trade CROWD when they are unable to stay. This provides huge freedom to token holders versus traditional means of room/hotel booking, renting, purchasing of properties.
And most importantly, token holders will be part of a true sharing movement for community properties.
A question for developers
Isnt Singapore location of the project at risk? From the point of view of legal rules of the country?
The Crowdvilla project is legal in Singapore. Crowdvilla has consulted with legal counsels to ensure regulatory fit. You can find our legal counsels on our website.
Would it be possible to implement such a project as Crowdvilla without blockchain? What do creators think?
The decentralization concept and blockchain technology provides a very good framework that aligns well with Crowdvilla's goal of community true sharing. Therefore, although possible, it is unlikely to implement Crowdvilla without blockchain.
Will the role and functions of tokens change after the ICO?
Therere several points in the WP dedicated to this. There will be such activities carried out, so these aspects and investors requirements can be changed in the course of time.
No. The role and functions of the CRV and CROWD tokens will not changed after the ICO.
Total ownership of real estate ?! Houses where you can relax? I saw different projects on the blockchain, but I could not even imagine it. How is it planned to implement it? Who will administer all this and manage the actions of the community?
Page 9 of the
whitepaper explains the Crowdvilla model.
Crowdvilla is a non-profit entity which will ensure customer service, room services like cleaning, maintenance, booking platform, and other matters relating to the functioning of Crowdvilla properties.
Have travel agencies already offered Crowdvilla to cooperate? They should invest a lot of money in the project, as it seems to me.
Yes, Crowdvilla has received a few interests and partnership offers. The focus of Crowdvilla is currently on its community development, the initial token sale and property acquisitions.
When will we see the beta-version of the platform? As for me, its a signal to invest.
The beta-platform aims to launch in 2019.