Bitcoin Forum

https://s14.postimg.org/77x1bcfpt/SMARTRE.png





I'd like to announce SmartRE, a real estate platform using the Ethereum blockchain, whereby US homeowners liquidate a percentage of their homes and investors worldwide buy in at as little as a dollar.  Investors are protected by customized insurance from Lloyd's of London.


Legally, how is this possible?  Will the system be classified as playing with security?  We have consulted and collaborated with a specialized real estate law firm in San Francisco to help craft the contracts that are between the buyers and the homeowners.  It is a rather complicated agreement but suffice it to say, it is not written in the form of a security and we have a good understanding under which category it would be classified.

Each property will have its own smart contract and ERC20 tokens and we use the contracts for escrow, transaction, and clearing-house purposes without any vested third-parties.  SmartRE tracks and records the transactions in its databases for insurance beneficiary purposes, along with the other usual functions.  We shield the technical details from the average users via our app but we also do not have access to their secret key, which will be used, with the user's permission, when there is dispute as to transaction provenance.  We want to make it as easy to invest as Robin Hood does for stock investment.

Why do this?  There is tremendous amount of capital locked up in US homeowners' properties.  And given that the average US household has over USD 100,000 in debt, according to the US Federal Reserve of New York, no other solution out there exists that can alleviate the situation.  There are home equity loans and reverse mortgages, but they are, in a sense, accumulation of more debt.  Targeting the San Francisco Bay Area first, which includes Silicon Valley, where the founders live, we understand the needs of this market.  While there are a lot of wealthy people there, a huge majority are still trying to make ends meet due to high housing costs and cost of living.  We can help with that.  The average home in the SF Bay Area (which consists of the core six counties) is valued at around USD 825,000.  That's average.  For the Peninsula and San Francisco, it's almost impossible to find anything under USD 1 million unless you are seeking a one-bedroom.

That's the sell side.  On the demand side, there is tremendous amount of money coming into US residential real estate from across the globe.  According to the National Association of Realtors, more than USD 153 billion was invested in the twelve months up to March 2017.  The key issue has been the price point.  A lot more people have wanted to invest in the biggest and safest single-market real estate sector but cannot afford the cost.  What SmartRE is doing is allowing everyone to invest for pocket change.  If you have a USD, then you can invest.  This allows for hedging against currency fluctuations and a good steady growth instrument.


We are currently in private beta and will have an invitation-only public beta in late September, with full public release in late October/early November.  Presently, we have over 1700 buyers who are ready to put down thousands of USDs each.  This is without much marketing, but just presenting at small meetups and conferences.  We anticipate that with a full marketing and grass-roots campaign after the token sale, we can ramp up faster to hit our goal of 500 houses with sizable equity liquidation on the platform by the end of 12 months, with the associated buyers.  Second year is 2,500 houses and by year five, we anticipate 180,000 houses.  We anticipate that we can be profitable by year two unless we expand into other geographies faster than forecasted.  This is only the projection for the San Francisco Bay Area.  We will go into Southern California (Los Angeles, San Diego, Beverly Hills, etc.) by the ninth month and New York by the second or third year.  We take a fee for using the platform by the homeowners and another fee corrolated to the Gas Price of the Ethereum blockchain.


The team is made up of startup veterans, with the CEO helping his last startup list on the New York Stock Exchange at more than USD 8 billion in market capitalization and his sales account for that startup, SMIC, grow to over USD 150 million in less than two years.  He has a paper with over 275 citations in ACM MobiCom.  The CTO has a PhD in computer science and has over 40 peer-reviewed IEEE/ACM papers and over 20 US patents filed (with nine issued to date), and worked at top Silicon Valley companies.  The profiles can be seen here:  www.smartre.io/team


The token sale is scheduled to start at midnight (00:00 CEST) August 14, 2017 and run for a month or until the sale allocated tokens are all purchased.  There is a total supply of 100 million SmartRE Coins (SREs).  Note that these are WAVES-based and different from the ERC20 tokens used for each property.  We will sell up to 54% of the total supply at USD 0.30 each with a cap at USD 12.5 million.  The SREs can be used two ways: 1)as a 75% discount voucher to the fees on the platform on the buy side, or 2)when it appreciates in value, as the payment for the network.  We are doing the token sale as we would like to encourage people to use the platform as we truly believe it can benefit a lot of people on so many levels.  Of course, the homeowners and buyers benefit, but also the general economy as more capital is deployed instead of being locked up in an asset that, for most people, does not generate capital until it is 100% sold.

Any bounty?
I would like to reserve a russian translation.

It would be a great pleasure for me to work with you on this project. So I reserved the Turkish translation for my own name.

Reserving indonesian translation if needed

I'd like to do all German translation work.

when plan open ico selling dev ?
and any bounty, i hope all bounty write in form spreadsheet not write this post

waiting open bounty social media.good luck for you dev

You are involved in the most complex and demanding market on the planet! How did you get the releases to continue with this project? Or do not you have them yet? How do you plan to achieve it and what will you do if it's not possible to proceed with the rules?

hope it will be great bounty !

waiting open bounty social media.good luck for you dev

Waiting for any bounty, I think its a good project

Interesting, I will watch. Real estate is a promising direction. Also in anticipation of the bounty

By releases I assume you are asking about regulatory issues?  If so, there are certain ways to make sure we do not overstep our bounds.  We are a platform to connect homeowners and buyers, so very much a marketplace.  Our collaboration with a San Francisco specialized real estate legal firm took months (since last year) to hash out what is necessary to make our business model work.  That is also the reason why we are starting in the San Francisco Bay Area, as that's where we know the legal issues the best.  The direction we are on, currently, is the easiest.  If somehow it is not possible, we have a Plan B already that will have more paperwork involved but still solvable.

We are not arrogant enough to think we can tackle the entire real estate sector, but just a small subset.  I'm sure you guys hear huge numbers being tossed around (people are quoting USD 210 trillion!) but it's impossible for a startup to tackle such a big market from the beginning.  We're helping people who need liquidity but there's no current way right now without accumulating more debt.  Our targets are the people who take out home equity loans and reverse mortgages, and help them find a more equitable way to unlock value in their properties.  On the other side, allowing everyone to invest without having to be part of the affluent or being forced into funds that the managers decide where to invest. 

 Hello crypto enthusiasts.
I will take a look in to the whitepaper and if I like, I sure will follow the project closley. Good luck and keep up working on your nebula project.

in the world of cryptocoin things like this are indispensable. That is a fairly detailed explanation like this.
 The new concept that you offer will bring this project to success.

We will announce our bounty program by the end of the weekend, California time.  Stay tuned!

best project

heloo dev,Is there any bounty translation for indonesian??

Bounty announcement is at https://bitcointalk.org/index.php?topic=2043674.  Let us know if you have more questions!  Thanks

The concept is very good, I'm sure this project will be a successful project, good luck dev

I am waiting for social media bounty open

The smartre.io/fb and smartre.io/twtr bounty are open, as is a new type of bounty, logo picture bounty.  Let us know if you have questions!  Thanks

join social media facebook dan twitter

Hey
I want to reserve translation for hindi

Thank you

since I like your idea and I'm seeing good potential for this project I'm showing my support by joingin the signature campaign, I will do my best to
share your project with my friends too outside this forum, just keep the community updated with anything that will prosper the project, looking
forward for more from you.

join social media facebook dan twitter

Thanks!  We are excited and so are others.  We have been invited to pitch to VCs and angel groups as they're interested too, to help validate and grow the community.  Cool thing is that one of our insurance partners is going to invest in the coins, so that's a good validator as we all know insurance folks are pretty conservative.  The presale is gaining traction, too.  Combined, we hope to make all your bounties worth a lot more!  

[Edited to say "bounties worth a lot more!" for compliance.]

Just joined signature campaign this looks like a interesting project

Hello! Where can I find your spreadsheet for FB bounty? I've submitted an application for this campaign through the form given in this tread https://bitcointalk.org/index.php?topic=2043674.0 on 26.07.17 and still don't know was it approved or not. Give me your reply, please.

The Google Sheets are up in the bounty thread. 
For questions regarding the bounties, please keep them in the bounty thread.
Thank you for helping out

1). What is hardcap for this project?
2). What will be with unsold coins? (0.3$ for 1 coin as I see)

1)The hard cap is USD 12.5M.
2)Unsold coins will be absorbed into the company's inventory but cannot be sold for two years on the open market.

Hope that helps!

Only ico is coming, what is the benefit of ico for investor,After ico , price will decrease in listing exchanges,because i bought several ico tokens from ico market ,but now their prices is much lower than ico prices

if i understand correctly, the token is used for circulating in the system which means if the buyers want to invest a certain property, it is necessary for them to buy SRE first ?
the second question is, how can investors make a profit from this system, sell at a higher price after buying ?

Its good that real estate platforms now have a broad usage on the internet thus , i want to know more about SmartRe and  the Actual them behind on this platform .
Can you provide also the whitepaper of this or i just missed to see it in the OP .thanks.

The whitepaper is at SmartRE.io and there is a big button there for it.  Our team is listed on the page as well. 
Hope this helps!

You can also buy the property tokens using fiat or other cryptos if you wish.  The SREs get a better deal due to the 75% discount off the fees and depending on the value, you can use the discount vs the value to buy the portions of properties.  Hope this helps!

We can't give investment advice but if you look at some successful companies, their value have gone up and down before their breakthrough point.  It is up to the individual to look at their own risk profile, whether for short term or long term.  Hope this helps!

Ann thread Chinese translation is posted: https://bitcointalk.org/index.php?topic=2064985.new#new
Chinese white paper is published: https://drive.google.com/file/d/0Byg2WT5v6zAsSG1PZmR2YkJ5MlE/view?usp=sharing

great project, but it seems like the cto has no experience at blockchain tech, https://www.linkedin.com/in/thomasphan/

We have been privately researching blockchain tech for quite a while, so rest assured.  The problem we are tackling is at the application level, so the blockchain is the substrate.  We are not creating a new blockchain, but using what is there already.  Just like when you are programming using Solidity, you don't really need to understand the fundamentals of TCP/IP to program a good smart contract.  We have experience in tech through the years, from supercomputing (all the way to the Connection Machine), network optimization, distributed systems, AI, and now blockchain.  There is a patent regarding blockchain tech we are in the process of filing so we are certainly not amateurs.  Hope this helps!

Some news on the project ? I advice you to put a link of the bounty thread on your first post

We have just started our Presale so that's been keeping us busy.  Interestingly, a lot of people want to use non-crypto ways of paying for the SRE tokens, which is surprising.
Thanks for the suggestion for the link; we'll do so. 

that's something interesting if there's newbies which considering joining the pre sale by using fiat it would be a good thing for this project
hope you can also give the community more updates regarding on what would be the status of those people who will invest using their
own currency or usd.

This is just a guess, but we think with the rise in prices of cryptos in the last week, quite a few people want to hang on to them for appreciation until the next break.  Therefore, the use of fiat, which isn't as fast-appreciating (or volatile) is a convenient way to contribute. 

Very interesting. Is there any link for us to view the fund raised?

Like MonkeyCapital, the team is made up of solid gods, and the first moments have made fun of it, the nation is now regrettable. I do not know whether this project holds, but even for the team as it is monkey, I think it will be a very good investment.

That's probably why the whole ICO market is slowing down, people fear about an other dump, it's easier to invest when there is stability in the market, so yeah you should update the thread announcing investing in fiat is possible

The ICO begins!  15% bonus for the first 48 hours!  Check out SmartRE.io

good job ,  i have a litte time to collect eth to join in , thanks sir ,hope have a good day

I have not really understood something that I would be grateful if someone can toss in some insight.

The usage of a SRE token is to provide a discount of 75% on the fees paid for the gas usage necessary to create a smart contract in the ethereum network. Please correct me if I am wrong.

The average cost of such a smart contract is about 20 cents, right?

So, how something that I am going to buy for 30 cents that is meant to provide me discount on a cost on average of 20 cents has value? And how can this value increase?

From my point of view the value of the SREs tokens is not correlated with the success of the business model. I do believe that the project has the potential to be a blockbuster, yet I cannot conceive from where the value of the SRE tokens is derived and how it can increase?

Thank you in advance.

While gas is a component of the fee, there are other considerations.  The platform provides the services that are needed to make sure all sides are protected, and there are costs associated with them.  If it were just the gas fees, then, yes, it wouldn't make much sense.  Just like if the gas companies didn't provide the gas stations (yes, they are usually franchised), the transportation of the gas, etc. then our price for gas should be much lower than what we pay. 

Hope this helps!

How many funds already raised? Can't find this info at your website.

Currently over 15M tokens allocated.  We don't have information as a majority of contributions are not cryptocurrencies (people are riding the uptrend?).

Please make a visualization of the collection of money on the site.

I clicked on the button "join the sale now" and opened windows with
Ethereum (ETH) Address:   0x8B95e8A2b950ecd1613Bf8bD4f66C2c020f52C21
Bitcoin (BTC) Address:  15c1H8gywfpoDux3kaHY93q3j1JTA9soQk
Ripple (XRP) Address:  rszgXpT2HQ4Hfm4i4eQ4PqSE5kejsi9M2g
WAVES (WAVES) Address:  3P4w7BminfstBAMo8mm56qP4XHazChaST2L

I go to explorer and now see
ETH Balance:   287.024214771394776798 Ether
BTC Balance 1.36764986 BTC

ICO was started 15 Aug. Where are the investors?  :'(

I think this you are in a risky position here:

-Your token is clearly an equity under California Law. 
-It's not "access to the network".  It's an equity. 
-California has a "risk capital test" which determines what is or is not an equity, and you fail that test. 
-Since US-based equities (such as your token) cannot be legally traded US crypto exchanges, this makes your token useless until one of the registered equity exchanges (NYSE, or t0) decides to start trading tokens.  This isn't likely until Jan of 2018 at best.  So until Jan of 2018 your token isn't really tradeable, except outside the US.
-It appears from your sales brochures that you are trying to convinced foreign token investors that your token will give them "ability to own" of US real estate, which is absolutely not true.  -The token you are selling now will give them no access whatsoever.  If they want to buy fractional real estate, they can do this with many other crowdfunding platforms.
-Your token has almost zero real value and does NOT allow ownership of real estate.   It conveys no technological advantage.  Its sole purpose is to fund your company. This is hidden in your terms and conditions.
-No doubt you have conferred with attorneys and have put in boilerplate language in your agreements.  This is irrelevant.  The California courts won't care what's in your T&C, they only care about the "facts of the matter" and the facts point to your token as a risk capital pre-sale, and thus, equity.

That is a rather harsh thing to write, and I'm sorry, because "fractional ownership of real estate" is a great idea and tokens could be great to enable it.  Maybe you are a great group of people.

This is carefully hidden.  They aren't going to even issue the tokens till 2 weeks after the sale, so there will be no way to know if the money is even being put into an address that we can see with Etherscan. 

No address or phone number on their website.    Their founders are on linkedin so that's good.

Very interesting project, the team is good too, this project will be surely succeed. i will loking forward to this project and bounty campaign. goodluck on maintaining this project guys  :)

Thank you for your comments.  We're used to constructive criticism so no need to apologize about being harsh. 

You may be confused with the SRE token and the property-specific tokens.  During the token sale, SREs are being sold.  They are structured as vouchers because if we structure them any other way, as you pointed out, they would be securities.  Any token that is structured as "fuel", currency within a system, promises a return or dividend is very likely going to be regulated as a security or currency.  If you look at almost all real token sales (led by people who have experience in building startups), the language is the same because having your token classified as a security is a non-starter.

Any startup has risks, absolutely, so we're not going to tell you there are none.  Success of a startup is based on execution, which includes ways to mitigate risks in addition to delivering what the market wants.  We believe we have the talent, experience, and network to make this startup successful.  Can we guarantee it?  Of course not; that would be lying.  We know there will be detractors and those we cannot convince; we understand that.  Following the legal framework is what's needed for the token sale and that's what we're doing. 

I'm not confused at all.  I understand perfectly the difference between a "fuel" token and an equity token.

The point is, your marketing doesn't clearly state that what the investor is buying is a fuel token.  Right on the front page of your website, you state:

"There are 100 million SRE tokens, and no additional  tokens will ever be produced, giving them a likelihood of value increase with the utility of the platform, which will grow rapidly with homeowner and buyer adoption that will be spurred by the planned marketing program."

Right up front, you are making claims about "increase of value" which instantly mark SRE as an equity, or, you as making fraudulent or deceptive statements.

If the California attorney general decides to sue you for securities violations, they will simply put that webpage up as evidence.  Bang.  You lose the case.  It makes zero difference what you say elsewhere.  Your front page is the killer. 

People are buying your tokens because they think the tokens are going to appreciate in value.  Your entire token sale is based on that.  Without the "increase in value" component, nobody would buy anything you have, at all.  You would get a few thousand dollars maybe.  As I said, I'm not hostile to your underlying concept.  The problem is that a token sale is not legal in the US if it implies "increase in value", because that makes it a security.  Also you have not addressed the "risk capital" test which your attorney should have told you about.  California will judge your token a security irregardless of the Howey test, if you run afoul of the "risk capital" test, which you do.

PS.  I'll attach a snapshot of your front page for public record, in the next post.

House, building , office, or construction projects such as rental does not get much attention.

 http://imgur.com/a/DV15i

Here you go. 

I joined the blog bounty
Https://steemit.com/smartre/@bambang/smartre-insured-and-tokenized-real-estate-on-the-blockchain
Account Waves: 3PA8vXjNKwrNa3k8ios68sGYjGp9KXrnujr

Please email TokenSupport@SmartRE.io to give us your email address. Thanks!

Hi fans and devs.
I really like projects related to Real estate.
Since there are quite a few real estate projects I have decided to prepare a discussion about the comparison of different projects on this field.
Feel free to participate in discussion, since you know best all details about your project.
https://bitcointalk.org/index.php?topic=2146910.msg21480585#msg21480585
Thank you                                                                                                                                                                                                                                                                                                                                                                                       

Announce the dates of the ICO. Period bounty of the company. Is it possible to follow the progress of ICO?

I'll watching the thread. It sounds like an interesting project.   ;)

Looks like an interesting project. Definitely going to follow this.

how much token has sold out till now, I do not see anything in your website ico

and what is the minimum cup?

In the accounting table it is written: Confirm the WAVES address of the wallet.
I confirm: 3PA3yJzDBy1EKNerL3d2kFnM ucuZ7MkxJJJ
https://docs.google.com/spreadsheets/d/1ERQlUfigvlS2k7sPC4pYRQuhAahsOZ4cbQlCtyIm_CQ/edit#gid=1906014750&range=D97

Guys it's over, it was a scam, they played us...

It's especially hard for translators who really lost a lot of Time for nothing.

I wish we could do something against scammers, find them, their Real name and tag them so they never find a work and are never trusted anymore

i have saw some scam acusation about this coin...is this real?

this is post SmartRE in facebook "We want to thank you all for your patience as we try to answer as many emails as we can every day. There is a tremendous amount of email backlog since the sale ended. For all bounties, the tokens will be distributed the same time as everyone else, which is targeted to be September 27th. Thank you for your understanding with the delay."

https://www.facebook.com/smartre.io/posts/298846197259952

This Ann was announced by icocountdown including the bounty campaign I thought that icocountdown did a check to make sure these ico's are legit before announcing and or putting on their website well since the ico has ended not one person in the bounty campaign that put time into this ico has had any replies I think if this is a real ico this is unacceptable

I have the same  but my balance is showing fine.

Okay, it's already the 28th of September.
However, the tokens behind the Bounty did not appear in my wallet. Maybe someone was paid? Or did this project deceive all of us?

I received the tokens finally but no way to know it's the right amount since they did not disclose any information about how much they collected.

Plus they worth nothing Until they announce an exchange, they are really not serious ..

Please change my address to receive a reward on 3PP613eBifQgDLgBy24HarToKVEBC6AwNpL

Hey guys,
Does anybody know how much capital SmartRe raised during ICO? Or how may tokens were sold? Cannot find this info anywhere...

Thanks SmartRE team I have received SRE tokens in my wallet .Any news that when SRE will be listed on any exchanger .

what was the ico price of smartre and any news from exchanger? how much raised in ico? i can't see any information in website. Hope op will answer my question. thanks

as far as i read in the white paper , the token price was 0.30 usd , but they used 20 % and 30 % pre-sale bonus so i can't say what the price was  , but it has to be around that 30 cents

I think the price of a token is not too large. the information on the website is also less complete. I'll wait for the latest updates and developments of this project. Hopefully a nice future

Sorry, but there was a misunderstanding. Today I received 325 SRE, I earned 1664 SRE. Please refund the full amount.

I received all the coins, thank you!

i am see on waves DEX smartRE very quiet no activity trading, this is real reason i am never interested to join ICO token waves base  :-\

where to exchange my SmartRE tokens

there is not much activity here on bitcointalk and on the waves DEX but they are still posting on facebook and twitter , i'll keep my sre-tokens for a while

I hope they will list the tokens on a proper exchange, develop their real estate platform as soon as possible, and be more active and communicate with the community at all places, i hope an official will post here often too. Regards.

I hope so, bought around $40 (204 SRE) . Look to sell at waves DEX but only worth $3.4 (204 SRE).  :'(. Maybe will keep this for longggg time.

You bought in ICO??  Wait for new exchanger. all wave dex coin price is low. Maybe trader don't like wave dex to trade a new coin.Hope smartRe  will be added in a good exchanger.If developers of smartre start development price will be sky rocket.Also holding 2000 SmartRe :)

There are no updates for this project, this is a failed project ??  ???
Dev is never present again to provide further project info ::)

Nothing from the project in 3 months, so it was really a scam.

I hope investors got refunded, it's not acceptable anymore that projects can do this without consequences, in real life, the justice would force them to refund investors, this is why SEC wants to regulate cryptos

i think investor not get refunded, because this tread not active and dev still silent about issue
not update and not clarify what happen with this project, why not continue after they distribute smartre token

Another scam ICO from Waves platform based, I do not know why every ICO based Waves is always a scam and there are only a few successful ones eg mobilego, this is the reason I never join bounty or invest on ICO based waves platform. Btw my SRE token already sold out a few week ago at cheap price, because there is someone who bought a lot at that time

Waiting for any bounty, I think its a good project,hoping to run it well ;)

this bounty already end so far and this project got issue scam now
why u can say this project is good lol

I do not think that this is a scam , but it is realy bad organised and there is almost no marketing at this project,  but I still read tweets about Smartre at their twitter account

On the Wave platforms coins are being bought up now, the price is very small, any interested person can sell their  SRE_Token .

Yeah, you can sell it if someone wants to buy it. Judging by the warrants to buy this token, no one wants to buy, and therefore the project is dead. I will not be afraid of this statement, but most likely it is.

i also thought that this project was dead but they are still very active on twitter , https://twitter.com/SmartRE_Info , so i am glad i still hold some off this token , do noit get why it is still so quite on this thread

Please .. is this project still running? From the last news I read, this SmartRE token will be changed its platform to ERC20 but
after so long has not been realized