Post
Topic
Board Tokens (Altcoins)
Re: [ANN] Real Estate Blockchain Crowdfunding Technology
by
The Goat Master
on 30/08/2018, 09:55:32 UTC
The problem is that they only invested 1.5MM USD in real estate and they said they gonna invest another 2MM USD until end of the year.

Which means they will have 3.5MM USD in real estate assets. I guess the rest of the money is for operating expenses...?

3.5MM USD / 19MM tokens = 0,18$

Starting in 2019, they will accept BTC and ETH. That means not only REAL tokens will be useless but also the REAL token will NOT be backed by anything but based purely on speculation like for BNB. They want the REAL token price to be purely speculative which is exactly what I was trying to avoid when I invested in this ICO.

I think they could use some of their operating budget to be audited by a third party company. That's the least they could do to calm the situation

I agree with most parts but it is different than BNB. That company generate hundreds of million dollars profit. On the other hand a company loose half of the money with unkown way.