Quote from: TimeTeller on April 28, 2017, 07:35:47 AM

Quote from: mutual_trust on April 28, 2017, 04:59:31 AM

Quote from: TimeTeller on April 27, 2017, 11:15:32 PM

That's a lot of BTC already even at 800sat, if in case those 100M coins are sold at round 1.
The dev needs to do some active campaigns here to sell his tokens.

By the way, in what part of the world do you plan to build those residential buildings or do these construction projects?
There's quite a few similar projects that were launched before, but unfortunately they failed.
So what are the unique features of your project that will be different from the others and will be a good investment?

With regards to the funds being raised, any unsold MTC will be destroyed by the public exchange when round 3 of the IPO ends, assuming we "only" sell between 50-100m, we would raise upto 800 Bitcoin, with a current market value of just over $1m, obviously for a small business this is a large amount of money, but for property development / construction, this is quite small.

We, and the construction projects, are based in the UK, hence the hopes of raising a large sum. Property, land to build on or existing houses to renovate, are not cheap. We estimate we need to raise at least $600-$700k in order to run a small/medium sized project.

I know of only 1 project that was similar (Arch) that failed. I have been told by a couple of different people that they failed for different reasons, one person told me they failed because of regulations with regard to investing and/or investment/promises of high-profit returns etc, another person told me they failed simply because the developer didn't actually have a clue about the industry they were stepping into.

WE are already experienced in the construction and development industry and have been for a combined 30 years between just two of us (who do the main bulk of the work), WE are relatively new to the crypto-industry but see this as a way of making a project actually work and have something tangible behind a coin/token instead of empty promises of the moon.

Thanks for the reply.
By the way, have you checked on this project - https://bitcointalk.org/index.php?topic=1808911.0 ?
This kind of project is really hard to entice investors.

Quote from: miramare on April 27, 2017, 11:46:04 PM

Where is the real value of this token?
Nothing, but just ask for money, a lot of money (several thousand BTC)?
Like an American dream, or more like a daydream. Grin

And one more thing, if you have the experience as what you were saying, then, there's no problem of providing us your linkedin profiles to verify your claim.

I had not seen that project, I will have a good look at it and see what they are doing, thanks for the link.

I agree, this kind of project is hard to attract investors, we have had delays in getting the token put together and the BitcoinTalk Announcement out because I've been speaking with people about investing into the project prior to putting everything together ready for launch, the reason the O.P. is somewhat lacking in "glitter" is because we wanted to get some kind of announcement out to the crypto community ASAP as those initial investors are actually ready to start making purchases.

As stated above, I've been told that one of the main reasons previous projects similar to ours failed in the past (ARCH) was due to regulations.
Don't read this wrong, I know there are not "Regulations" with regards to Cryptocurrency, but there are regulations with regards to investing and investment opportunities.
Prior to starting this project I took advice from a UK-based specialist in FinTech Regulations, I was told that no matter what small-print we use or how the wording is published, if our project APPEARS to offer an investment opportunity, i.e. if people are purchasing in the hope to garner profits from the actions that we carry out (i.e. building / construction etc) then it could be viewed as an investment opportunity, and therefore COULD be subject to regulations. I discussed at length with my accountant and the FinTech regulations company and all parties agreed that if the coin (token) itself was not linked to us as individuals or our company then even if there were regulations / guidelines to follow there would be no real way to enforce them upon us.

mutual_trust

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