Re: [ANN ICO+Bounty] [REA] REALISTO - Real Estate Investing For Everyone, Everywhere
It is very interesting why REA token is loosing value? It was supposed to keep value as it is assert backed token. The ICO price was around 0.00303 and now it is possible to by on IDEX around 0.00051 (it almost 6 times difference). REALISTO team is really great being open to community and the idea seems to be solid... What is the problem? Maybe crypto is not ready yet for real estate projects?
Hi!
I have provided answer to a very simillar question some time ago. It is of course only my personal opinion about the reasons behind the current state. Additionally, you should take into account that the whole market is still in a bear trend too.
Regards!
Hi!
In general you are right, REA token idea is to be backed by real estate investments. Consequently, price should not fall below a certain level. Nevertheless, the final price is always decided by the market itself (just like in any other market scenario) and upredicted situations can happen as people sometimes act irrational.
Despite all of that, currently REA tokens are not yet backed by real estate investments. Main focus is put on platform development, which is in line with presented roadmap on Realisto channel - pleasse refer to: https://medium.com/@Realisto for more information and to stay updated
What is more I would not care much about price at this moment. Current trading volume of REA is rather small. As a result it is very hard to talk about any stable price. It should change considerably with plartform launch - which, should happen as early as Q2 2018