Bitcoin Forum

https://tempbucket-237857.s3.amazonaws.com/kexcoin-logo-bitcointalk-600w.png

Kexcoins are cryptocurrency tokens that allow anyone to participate in a student property crowdfund with the click of a button. Those funds are then used to buy in the student investment property market which brings reliable returns.

Our vision is to build a new funding network through the use of the blockchain, making it available for almost anyone in the world to participate, in any amount, large or small.
We are unique in the business as we are already supported by an existing infrastructure. Kexgill an associated company to Kexcoin has been investing and growing their European portfolio for almost 39 years. With an experienced team, they are an award winning student provider, owning almost 3,250 beds throughout the UK and 360 multi-family apartments in Germany.

Key Information
When will the ICO be launched?
You can place buy orders now for fulfilment at 15:00 UTC 15th September 2017

How long will they be on sale?
30 days (15 September 2017 – 14 October 2017)

How many are being sold?
8,500,000 KEXCOIN

What is the rate/value they will be sold at?
0.0025 BTC = 1 KEXCOIN

How to connect with us
You can get in touch with us via Facebook, Twitter, Telegram, Bitcoin Forum, Bitshares Forum.


How will participants benefit?
Once per quarter on a pre-announced date, we will take 50% of the net profits generated by the rental income from the properties and use it to buy back as many KexCoins as we can.
Participants will be able to offer their KexCoins for sale on the market and we will buy them back starting with the cheapest first.

Once the buyback budget has been exhausted, all KexCoins purchased within that budget will be permanently burned. This reduces the total remaining supply and increases the scarcity of the coins that remain, thus inflating the price.

The remaining 50% net profits will be reinvested in further investment property to speed up the buyback process.


What does the KexCoin team get out of this?
10m KexCoins have been created. This is the total number that will ever exist.
10% of this amount (1m KexCoins) will be retained for the core team.
An additional 5% (500k KexCoins) will be retained for contingencies.

The remaining 85% (8.5m KexCoins) will be sold to participants during the ICO.
In order for the KexCoin team to profit, KexCoins must be worth something. This will only happen if the project is a success.

When a core team member wishes to take some profit, they would have to sell their coins on the market in exchange for Bitcoin in the same way as an ICO participant does. The core team are not allowed to sell or trade their kexcoin for a 1 year period after the ICO.


What happens if you don't sell all the coins during the ICO?
Any coins that are left unsold when the crowd funding period closes will be immediately and publicly burned.


Useful Links
Website (https://kexcoin.com/)
Whitepaper (https://kexcoin.com/wp-content/uploads/KexCoin-Whitepaper-Final-10-08-2017.pdf)
Step-by-step guide to participate (https://kexcoin.com/wp-content/uploads/How-To-Buy-KexCoins-Step-By-Step-Guide-v1.04.pdf)

Hi there, I like you Idea and I offering myself to do a translation to Spanish if you need it.


I can traduce the Step-by-step guide to participate and the whitepaper.

If you also need some Help to comunicate to the Spanich world let me know to. If I can do something I will.

timotron.

What algo used to distribution coin?

Do you mind explaining why the high valuation? 25'000 BTC is a hefty price tag.

where announcement thread ?
or here announcement thread, not explain spefication coin

The tokens will be distributed through the Bitshares marketplace.
We are trying to raise a large sum as the monies raised will be used to purchase investment property / real estate (University Student accommodation). You can't do that we small sums.

Hi,
Can you please tell me.
1. If the Gross Yield will be 8-12% What you expect the profit % to be (to calculate buy back value)?
2. When do you expect Kexcoin Limited first make profit and execute the first buyback?
3. If a property is disposed of, will the money go back into the fund for buying new property?

Thanks

Hey CryptoBrit,

1) Gross Yield - we have purposely been very conservative on this figure in order not to mislead. Gross yields are generally from 8% to 15% depending on the type of property purchase (PBSA or HMO) and can be higher in certain circumstances. As we are not using bank funding you could expect the net profit to be around 25-30% less than the gross. Please also note that this is now. Over time and as rents increase, both the gross and net figure will increase substantially.
2) We expect that the first buy back would be within 3-6 months. We are actively assessing property now so that should the token sale be successful we could purchase right away.
3) We are unlikely to dispose of property however, if we did sell property (say for strategic reasons) the funds would be used to purchase more property - so yes!

We're looking at the idea of offering a bounty at the end of the 30 years. Is this something that the community would approve of? I would assume so but I'd love to hear your feedback?

I would say yes to bounty, makes the cominity know a lot more about the proyet and also reach a lot more of people from inside and outside of the cryptoverse.

Timotron.

PD: Still ofering Spanish translation ^^

Great, thanks for the feedback. We'd love to get you to translate to Spanish but we couldn't publish this without verifying that the translation was accurate which would then involve hiring further services.

All right, I will do it and send it to you for now.

Timotron

Did you even bother reading anything before you posted this question?  This is an ICO for a token on Bitshares.  There is no mining algorithm.

I did not find your roadmap here, so after ico finished what is your plan?

Sorry I though we had made this very clear? You have read the website and white paper haven't you?
It's quite simple, once funds have been raised from the ICO, the funds are used to purchase residential Student accommodation / real estate. As profits begin coming back in from this 50% of the net profits are used to purchase Kexcoin from the open market before being destroyed thus increasing the value of the remaining kexcoin. We are also currently drawing up a legal framework to distribute increase in property value with participants. News on this will follow shortly.

Important update
After listening to the community we have great news to announce!
In addition to the buy back and burn policy we are now also offering a profit share to anyone who takes part in the ICO or that holds Kexcoin at the end of the buy back / burn period. If you do both, you benefit twice!
So how will it work?
When the ICO ends, we will take a snap shot (within 48hrs of ending) of all of the accounts that hold Kexcoins on the bitshares network making note of the account and the sum of Kexcoin held.
The ICO will be deemed to have ended either by selling out of Kexcoin or reaching the end date (14.59 UTC 14th October 2017).
In order to qualify you must hold Kexcoin on account at the time of this snapshot.
OR
You hold Kexcoin at the end of the buy back / burn period (again a snap shot will be taken).
If you hold Kexcoin at the point of both snapshots you will benefit twice.
What is the profit share?
The profit share will be calculated as 50% of the increase in property value from the initial purchase price.
Simple example - if £50m of property is initially purchased and by the end of the buy back period the said property is valued at £110m the sum paid back to ICO participants and Kexcoin holders at the end of the buy back period would be £30m (£110m - 50m = £60m x 50% = £30m). Please note taxes and costs of sale would need to be deducted.
How will this be distributed?
The number of Kexcoin sold at the ICO and the number held at the end of the buy back period will be added together and the profit share will be divided equally by this number. It will then be paid to the accounts noted on the snapshots.

This is our thanks to all that support us and participate in the project.
 

any bounties?

Depends in what context? We're happy to offer bounties / rewards for anyone that can help the cause. I'm sure if we can get the project in front of the right people it would be a huge success!

The kind of people who want bounties are not going to get the project in front of the right people.  They just want a handout.

-1

Not all the people and not all the times all the people just wants some easy coins.

I think it's a great idea!!!

But there is another company that was doing this first ;)

BenchCoin Token: A Digital Student Property Enterprise - http://hfbbenchmarkico.com/ (http://hfbbenchmarkico.com/)

Bounties attract people who want easy coins.

It is pretty obvious - I suspect you are one of those people which is why you disagree - it is in your interest to pretend it is not so.  

I'm not against people earning coins for doing real work, however changing your signature or using Google Translate is not real work.  Neither is spamming BTC talk with pointless comments.  Further a lot of people game the bounty system to get multiple payouts.

By handing out coins in this way you actually devalue the investment of those who put actual money in.  

Those bounty coins are the first to get dumped at any price since the people didn't have to pay anything to get them.  

Happens every time - you can bury your head in the sand and pretend it isn't true but that doesn't change it.

Whitepaper link does not work.

Please explain the legal connection in terms of the management of liabilities and assets of Kexcoin with Kexgill. Can you provide a more detailed history of the company? There appears to be 27 separate companies registered in the UK under Kexgill. Can you assure potential investors that all Kexgill companies will be legally accountable for Kexcoin? If not, please explain.

On a sidenote, I was a student close to 20 years ago in Hull and the accommodations provided were not nearly as nice as the ones listed on your website. How do your accommodations compare in terms of cost for students? Does Kexgill partner or hold contracts with universities? 

Want to know how to profit from the Kexcoin project? Check out our Youtube video

https://youtu.be/oEenYwh2nVM (https://youtu.be/oEenYwh2nVM)

I've tested the white paper link and it looks to work ok?

https://kexcoin.com/wp-content/uploads/KexCoin-Whitepaper-English-v1.07.pdf (https://kexcoin.com/wp-content/uploads/KexCoin-Whitepaper-English-v1.07.pdf)

Kexcoin and Kexgill are two separate companies / legal entities. Kexcoin will only be using Kexgill for their management services and Kexgill is not legally accountable for Kexcoin. The directors of Kexcoin are legally accountable (who are also directors of Kexgill). I believe this is where the confusion lies?

It is true that the standard of accommodation provided to students has increased dramatically over the past 20 years and we are proud that Kexgill has been one of the front runners in this (I guess when you stayed in Hull it wasn't with Kexgill?). It is also true to say that generally Kexgill have offered lower rents than competitors and as such have offered value for money to their students. I can not comment on how Kexcoins accommodation will compare as we do not have any property yet however, we are using the same business model that has been so successful for Kexgill over the past 39 years. Kexgill does have nomination agreements / partner with Universities.

well yes and the ones that do not want have more then they need.and shows they know nothing of bounties they help more then anyone sitting here and posting for free coins also

and what proof do you have that the bounty coins are first to get dumped none probably and in fact i still have every one of my bounty coins that i earned

anyway good luck on this i can see it is going no where fast by the looks of your community

Thanks for the information. It's the link in the OP that's an old one, KexCoin-Whitepaper-Final-10-08-2017.pdf instead of KexCoin-Whitepaper-English-v1.07.pdf.

Thanks, I hope you're wrong obviously. What would you suggest we do?
We have only released everything a week ago and in that time we have engaged with thousands of people. As more of our marketing kicks in around the time of the ICO we hope that the community will grow quickly.


I've checked it again and the OP works for me too?

not sure you will have to check with Soul_eater_123 he seams to know how to without bounties to attract more community or he just does not want it to succeed

I have heard numerous people on here and in other forums talking about it - some almost make a job of it - they go to every ICO and grab what bounties they can and harvest them with numerous accounts then dump them as soon as they reach an exchange.. Whether you dump or not your "free coins" are subsidised by the people who actually pay - so it is basically an insult to the real investors.

It's basic economics.  If you only attract people seeking bounties that will not bring in any actual investment money.  

I think it would be better to give out bounties as a bonus on top of what people have already purchased - so if you use the signature you get an extra 5% bonus on top of what you buy (depending on how much is available).  

That way you ensure that people who get the bounty have some "skin in the game" (giving them a greater incentive not to dump) and it is shows that you value the people who actually invested.

Screwing the real investors by giving out tokens for next to nothing does not make economic sense.  Just because other ICOs have done it does not mean that it was helpful or indeed valuable.

Anyway we are not going to agree on this so further back and forth is pointless.

your right it is point less but for the record most bountier's are also bigger invester's then you i bet i am one i never take bounties without also investing so your points are inaccurate.but i also do not invest in ico's that do not deliver at least 2000 community

We have given no bounties.
How do you determine if an ICO has a community of 2000? We only released the website / project last week and in that time we have directly spoken to / connected with over 40,000 people that we know of. The number is likely to be much higher? As our campaign picks up pace we expect the community to grow exponentially.

Well it would only take 1 in 10 of the Cryptoverses YouTube followers to become part of the community and you would have >2500 people, and its fair to say thats not the only source they will draw from ¯\_(ツ)_/¯

any bounties, if any i want reserve for indonesian translation.

where announcement thread ?

You're on it.  ;D

We are pleased to announce that the kexcoin token will be accepted as payment towards rents in all Kexcoin and Kexgill group properties, available from the moment the ICO finishes. By giving kexcoin a usage as a commodity we hope to expand the transaction volume and liquidity of the token, with the aim to roll out this payment system across other student service providers.

https://steemit-bucket-4a743ec2.s3.amazonaws.com/new-whitepaper-cover-opt-600w.jpg

A new version of the Kexcoin whitepaper v1.08 has just been released. Kexcoins are now spendable by domestic and international students for their rent payments.

Here's the announcement:
https://steemit.com/kexcoin/@kexcoin/new-version-of-kexcoin-whitepaper-v1-08-released-coins-now-spendable

The project seems to be promising, however, there is a long way to go before large numbers of students will really be involved (at least that's how I see it). Perhaps the project has a bright future in store for it even outside the UK, provided that differences in mentality and way of life (which exist in different countries) are taken into consideration.

Perhaps this should be in the announcements section :)

how about bounty, do you have a bounty?

Over 2000 on twitter alone, does that count?

Base on what I understand and read about this campaign, this lroject is really nice because they are actually focusing on students were eventually totally help them in so many ways.

https://steemit-bucket-4a743ec2.s3.amazonaws.com/financial-statement.jpg

You asked for it, now here it is. #Kexcoin Financial Model - Demonstration / Mock Projections:
https://steemit.com/kexcoin/@kexcoin/kexcoin-financial-model-demonstration-mock-projections (https://steemit.com/kexcoin/@kexcoin/kexcoin-financial-model-demonstration-mock-projections)

I'm glad you understand the underlying implications. We have thousands of students through the doors of Kexgill each year and if Kexcoin is successful (as we believe it will be) thousands more each year will be introduced, at an early stage in their life, to the blockchain and crypto currency. The ripple effect! Who know's one day one of our tenants could become a market leader in the field?

1. It is a UK Gov legal requirement to have your registration number on your website, is there a reason you are lacking this fundamental requirement?

2. I don't understand your calculations.  You say the company will distribute 50% of the rental income which you would expect to be a gross yield to be 8-12%, then you say the net profit will be 25-30% less than the gross yield... or 9% (12% x .75)... if you made the max. 12% and distributed 50%. that would be 6%?

3. What is a "bounty at the end of the 30 years"? Was that a typing error?

4. Who are your competitors?  How will this change anything?

5. Is there any reason you are rushing it and not taking the time to show a more professional presentation?

I don't mean to be harsh but it seems this project is being done on a whim... you seem to change your direction with every opinion.

It's "almost" a good idea but it seems a little scammy the way it is all thrown together.

-----

https://www.gov.uk/running-a-limited-company/signs-stationery-and-promotional-material[/i]

On business letters, order forms and websites, you must show:

    the company’s registered number
    its registered office address
    where the company is registered (England and Wales, Scotland or Northern Ireland)
    the fact that it’s a limited company (usually by spelling out the company’s full name including ‘Limited’ or ‘Ltd’)

If you want to include directors’ names, you must list all of them.

If you want to show your company’s share capital (how much the shares were worth when you issued them), you must say how much is ‘paid up’ (owned by shareholders).

Brilliant idea but somehow this project will seem to he limited to only a few countries and by that i mean not everyone who owns the coin can benefit from it due to their geographical locations i stand corrected anyway.

I found 27 separate companies for their different locations registered under Kexgill, so I am not sure how that would work with what you are describing. Did you find any discrepancies or a cause for concern about Kexgill?

1) Please check the bottom of the website, the directors are all photographed, the address is shown and the company name and number are all showing.

2) 50% of net profits will be used to buy back kexcoin from the market and permanently destroy them. The other 50% net profits will be used to purchase more property to increase the size of the portfolio, profit and the following quarter / year buy back budget.

3) At the end of the 30 year project, the uplift in property price value will be distributed to Kexcoin holders and those that participated in the ICO. It is important to note at this point that the kexcoin currency will continue after this.

4) Our competitors are other landlords and service providers. It would change things in the sense that they are all beholden to bank and interest rates, we are not. It opens the door to a new way of funding property and has the potential to disrupt industries, such as the big banks that traditionally offer mortgages. Other competitors would include other real estate ICO's.

5) I'm sorry that you do not feel we have done this in a professional manner. Can you tell me exactly what it is that you believe we have done wrong? We did bring the release forward slightly in order to be first to market and to avoid the avalanche of ICO's that (at the time) were due out.

Why is it "almost" a good idea and what makes it "scammy"? We are effectively using all profits over the 30 years to the benefit of anyone that participates in the project? You can't get that anywhere else?

The ICO is available to anyone worldwide with the exception of the U.S and anyone that participates in the ICO or holds Kexcoin can benefit.

Kexgill are the company behind Kexcoin. The companies that you are seeing are all part of the Kexgill group however I believe there are 15 not 27?? Also the two main directors of Kexgill are also Directors of Kexcoin Limited. Kexgill has been around for 39 years and is an award winning company. Please do look into them in great details as I believe it will offer assurance as to what we are planning to achieve and the serious nature that we are tackling this project with.

My first concern is just that.  Why don't you have your registration number on the website?  What are the possible reasons for not listing your registration number?  Registration numbers are for identification purposes.  You said it yourself, you found 27 different listings.  Which one is this?  You can have 1,000 subsidiaries but your holding corp. still has 1 registration number.

It's not what "I" am describing, it is what is REQUIRED by the UK Govt. for EVERY company.  Just seems dumb NOT to use it (if you have it).

Other concerns?

Why are they crowdfunding if they have 27 other companies and thousands of units?  Isn't crowdfunding for startups?  Why are they using an ICO?  What purpose does it serve them?  Why not equity?  Why not any other traditional financing or crowdfunding? 

What are they using the money for?  Just more property?  They are a successful company that wants "me" to pay for their property (which they will own) and then they will "maybe" give me back a 6%?  So I can get my principle back in 15 years?

They do have a "30 Year Bounty" so maybe they are just really, really, long term thinkers?

To be honest, I was excited to see a student housing project but the deeper I look, the less appealing it is.  Who know?  I know it's not easy to be under heavy scrutiny and maybe they can answer all this stuff.  I would even give them more leeway except for what you said, there are 27 companies so again... why do they need MY money?

EXACTLY.  You have been around for 39 years and are award winning.  Why are you doing a "start up" crowdfunding to get people to pay for your property and not using your own corporate financial resources?

Sorry but you really don't understand the project or what we are doing?
With regards to the company number, it is on the website! We have given the address of the head office and we have been more transparent about who we are compared to any other ICO I have seen or participated in.
The project is for 30 not 15 years, we are sidestepping traditional bank funding to favour the many and not the few.
Give you back 6%? Where are you getting that from? ALL profits from the business are being used for the benefit of participants and the directors of kexcoin do not receive any payment or dividend over the 30 years at all, other than the kexcoin outlined on the website and even they are frozen for 12 months??

Crowdfunding is not just for start ups? People pay in return for what we give back (which is effectively everything for 30 years).

What will happen with the bought back tokens? will they be burned?

Yes they will be burned / destroyed and it will be publicly verifiable.

See, your deceptiveness is what I am concerned about.

First, you are treating us like we are stupid.  "With regards to the company number, it is on the website!"... Yes, you put that up AFTER I asked yet you respond like I am the idiot... here is the cached version (which, because of your lack of knowledge, you probably didn't know this existed) - http://webcache.googleusercontent.com/search?q=cache:https://kexcoin.com/

Your response should have been "Thank you for pointing out our obvious mistake".

I get 6% because the net profit you speak of was 12% and you say you will distribute 50% of the net profit.  Isn't half of 12% = 6%?

The directors do not benefit?  Who will OWN the property and asset value?  What stops you from raising the capital and selling all the assets next year and walking away with the entire ICO capital raise?

15 years I was speaking of is the time it will take me just to make my money back with a 6% return per year (with ZERO profit).  30 years is your "Bounty"... which I have to believe you did not know what a bounty was when the person asked that question. 

You want people to invest in an ICO and think about a 30 year return.  That is an annuity.  Again, why ICO?  Why not any traditional form of fundraising?  Sorry to be skeptical but I have to believe your sole purpose for an ICO is to avoid regulations.  Your entire scheme does not pass the Howey test which means you are simply selling securities yet they carry no ownership.  I didn't look but I hope this is not available to us the U.S. because you cannot possibly take money without registering your ICO (which it is not registered).

Plus, it is annoying you have your "newbie" friends on here acting like they are asking relevant questions.  These are too obvious.  It seems I know your business better than you.

If you were in my class turning in this business plan, you'd get a C grade if you're lucky.  Seems sloppy and last minute.  Then again, I am a Tuck professor so we are tough on our students.

 
^---- ignore button, moving on  ;)

After 30 seconds of research, I find your company is registered a month ago when you started your ICO campaign.

Why aren't you using your Kexgill Ltd. registration?  This PROVES legally this project has NOTHING to do with Kexgill Ltd.

It is very deceptive to act like you are Kexgill and talk about your great company history but really you are KEXCOIN with no history and legally, nothing to bind you to Kexgill.  If you were sued, you would be limited under KEXCOIN with no history, assets or anything to secure the investment, right?

https://www.companysearchesmadesimple.com/company/uk/10898075/kexcoin-limited/

NAME
KEXCOIN LIMITED

COMPANY NUMBER
10898075

COMPANY TYPE
Private limited with Share Capital

BUSINESS ACTIVITY (SIC)
70221 - Financial management

INCORPORATION DATE
03/08/2017 (1 months old)

Agreed. If he had done his research he would know all of this, it's widely spoken about in numerous places.

Except it's true what he said about the registration.  That was not there because I checked your site when he made the original post. Why did you act like he was wrong?  Why can't you answer any of the questions instead of always saying the information is somewhere else?  The point of a forum is to interact, not to deter, isn't it?  Your project is one of the first I am visiting so we are all not experts.  A straight forward answer would make me much more comfortable with your project than "ignoring" people.  IMHO.

I'm more than happy to answer any questions people have if they are constructive and not simply going over the same point over and over.
One final thing to mention before moving on, my point about showing information elsewhere was to prove that we are being very open and transparent about who we are so to say we're a scam because the company name was there but not the company number is bordering on ridiculous. When it was first mentioned it was added. I then said it was there and he continued to say it wasn't (basically hadn't checked back after we updated it).

What questions would you like me to answer and I'd be more than happy to answer them.

It catches me that Kexgill Ltd. and Kexcoin Ltd. are two completely separate entities.  Do you admit there is no legal repercussion for Kexgill Ltd. if your Kexcoin project fails to do what you say you will do?  What ties you into Kexgill?  In other words, you are a U.K. Limited company which only costs a few pound and an hour to incorporate.  If I send you money and you run away, is there any legal regulation under U.K. guidelines for your ICO?

Your project is not utilising blockchain technology in any form so I believe the "why ICO" is a valid point.  I'm still on the fence here so I hope it works out.   ???  But the way these ICO's are going I think it will still work out for you.  Good luck  :-\

Kexgill Limited and all of the other Kexgill companies that form the group are 100% owned by Mike (and wife). These companies have mortgages and various cross guarantees and debentures which would stop this project from being possible under Kexgill Limited. Kexcoin Limited had 5 shareholders, the largest of which is Mike but Richard the MD of Kexgill is also a director / shareholder of Kexcoin Ltd. In addition to this Kexgill will be providing full management services to Kexcoin. Kexcoin Ltd is making use of all Kexgill's existing infrastructure.

The two companies are set up separately for a number of reasons in addition to the one above. Firstly, we are under no illusion that the funds raised from the ICO are ours in any way so to mix these funds with those of Kexgill would be wrong to do. The company has been set up with a strong fund structure and this is how we view it. Custodians of the funds raised from participants if you will. Also as Kexgill will be providing management and resources there would not be the clear divide between the two companies if they were one and the same. We are trying to ensure that everything that we do is transparent, verifiable and legitimate. By having the clear divide we can show a clear division in what is Kexgills and what is Kexcoins and there will be no grey areas because of this.

In response to your questions specifically, are there any legal repercussions; The two companies are connected by Directors and owner. With all of the information we have published both written and spoken as well as the terms and conditions and articles of association for the kexcoin company, we are bound by UK law and if we did not do as we have stated we would be in serious trouble. Each one of the directors has built up an established and respectable career over many years and we simply would not risk that in order to make a "quick buck" with the potential to then serve at her majesties service. Please also remember that Mike is 70 and unlikely to see much in term of remuneration as he is unlikely to be here. Finally on your first question, you are looking at it the wrong way. If Kexcoin has no bank borrowings then it is very difficult to fail as there is no one to call in the receivers, in addition we have benefits over our competitors in terms of flexibility and being able to weather economical storms should they arise. By having the separate companies they are shielded from each other as it works both ways!

In regards to your second question, that we are not using the blockchain and "why ICO" again I think points are being missed here. Please check out Chris's Youtube shows (cryptoverse). You will see that he is an advocate of expanding all thinks blockchain and crypto and increasing adoption. If Crypto is to really go mainstream then it needs to be used for a variety of uses. So this would be my first point, we are using technology to break the old mold of how to fund property and as such are widening the adoption of the crypto space. I believe in the future there will be a large shift from the few to the many.
My second point is that we are using Kexcoin as a commodity and a means of paying rent. Now this definitely uses blockchain! Finally, we are running our ICO on the bitshares network and are therefore supporting the space further.

I hope this has given you more belief in the project and I too believe it will be a success.

Nice publication here, just wanted to ask one question. I think i also encounter a project similar as you. Do you know Bit Job as well?, How is it different from the one that you are lauching here right now? thank you in advance and good luck.

It's entirely different but I think you know that already.

@Kexcoin... how come you don't just answer the question.  You come off snide and petty.  I will help you out though and show you how to answer a question. 

"Hi Katashi , thanks for the enquiry.  Bit Job is for student jobs.  Kexcoin is a student housing project.  Cheers!"

I think a better question is:  What is Kexcoin doing differently than the 1.000 other companies that offer student housing investment?

I can't see any difference between you and Emerging Property/Select Property/Knight Frank/Knight Knox/or the other 100 companies in the UK that offer student housing investment EXCEPT with THEM - 1. Investors have FCA security 2. Investors actually own the unit

P.S. - You described your coin as a "commodity" earlier.  I hope you have registered with the FCA.  Have you?  What you are selling is a security and you must register with the FCA.  I think you are in over your head.  I'm not trying to jump all over you and I know first hand it can be very difficult to please people with new projects but this would be a better project for Housecrowd or Housers (traditional crowdfunding) as the people would feel more secure you are not just trying some unregulated side step to take money.  If you are just trying to do a project and don't really have the means.  God bless you!  But then again you should have the means if your company/owners have been in business for 40 years and are successful.  All very confusing  ??? ::)

Oh come on, you must see it? I think you are looking at the question that does not need to be answered and haven't picked up on the underlying reason why they wanted to post on this thread.

In answer to your question, we are providing safe affordable housing to thousands of students each year and in the process, picking up numerous awards. Such as (and this doesn't include 2017 awards):

2016 - Current Awards:

Durham Student Hall of the Year
Liverpool SU - Landlord Gold Award – Kexgill
Liverpool SU - Most Valued Support Staff Member – Brenda Nelson (Kexgill)
Teesside Student Hall of the Year
TUSU – Rate Your Landlord Awards – Best Overall Large Accommodation Provider
UCLAN SU – Love Hate Rate Awards 2016 – Special Mention

2015 Awards:

Durham Student Landlord of the Year 2015
Hull Best Landlord of the Year 2015
Leeds Student Landlord of the Year 2015
Liverpool Student Landlord of the Year 2015, 2014 and 2013
Liverpool Value for Money Award 2015
Liverpool Picture Perfect Award 2015
Liverpool Recommend to a Friend Award 2015
Northeast Student Landlord of the Year 2015 (covering Newcastle, Sunderland, Middlesbrough, Durham and Stockton)
North East Lifetime Achievement in Student Accommodation Award (Kexgill Chairman)
Teesside University Landlord of the Year 2015
Teesside Student Hall of the Year 2015
UCLAN SU Student Hall of the Year 2015
UCLAN SU Student Value Deal of the Year 2015 (Hall of Residence)

I asked what are you doing DIFFERENTLY?  You responded by telling me you provide student housing... which is EXACTLY what every one of those companies I listed do (as well as 100 more).  So you are providing the EXACT SAME service as every other student housing company... ok... got it.

Have you registered your securities sale with the FCA?

If thats the case this project would turn into nothing, Were just wasting our time with this kind of campaign.

How does that have any bearing on what we are doing? How will it turn into nothing? I assume you have read the response to this as to why it has been done this way? Also are not all other ICO's start ups with new company information? We have a 39 year old company backing us. Others don't. As such we offer security where others don't.

Thanks!

Bounty, do you have any, social media bounty

If you want a bounty buy the coin in the ICO.

I think bounty is very important, why is that, because bounty assigns tasks to bounty hunters to promote a project or platform. because not everyone knows about a project because that's why it takes promotion

Yes your right because if your doing the research yourself its not really hard for you to understand the project that's its better do the research first before complaining.

People who buy the tokens do that for free.

Less Than 48 Hours To Go! And Kexgill Releases New Property Flipbook PDF

https://steemit-bucket-4a743ec2.s3.amazonaws.com/kexgill-october-flipbook.jpg

Full details:
https://steemit.com/kexcoin/@kexcoin/less-than-48-hours-to-go-and-kexgill-releases-new-property-flipbook-pdf

https://steemit-bucket-4a743ec2.s3.amazonaws.com/mike-kubera-kexcoin.jpg

Mike Kubera's #Interview with myself and Richard Stott » https://www.youtube.com/watch?v=0h7A8Er73q0

Any idea if kexgill will partner with Airbnb in the future and travelers can use kexcoin to pay for their rents during holiday?

We do aim to roll out Kexcoin across other service providers so Airbnb would certainly be the type of company that we would target.

https://steemit-bucket-4a743ec2.s3.amazonaws.com/boxmining-kexcoin-interview-thumb.jpg

Boxmining interview with myself and Richard

https://youtu.be/8qqw2p9DcZM (https://youtu.be/8qqw2p9DcZM)

Is there a minimum BTC need to be raised for the project to move forward?  It sounds very interesting project to invest in.

Approximately £5m is the minimum we are looking to raise to deem the project viable.

Todays the day of launch and Kexgill have bene nominated for Best Landlord of the year again!

http://www.nwpas.com/nwpas-2017-shortlist-announced/ (http://www.nwpas.com/nwpas-2017-shortlist-announced/)

Less Than 2 Hours Until The Kexcoin ICO Goes LIVE!

https://steemit-bucket-4a743ec2.s3.amazonaws.com/green-light-600w.jpg

https://steemit.com/kexcoin/@kexcoin/less-than-2-hours-until-the-kexcoin-ico-goes-live

Why doesn't the website show how much people already invested?
What does "13% To Milestone" mean? Which milestone?

The Milestone represents our minimum target.
You can see how much we have raised using a block explorer such as http://stage.cryptofresh.com/a/KEXCOIN
It's all viewable on Bitshares

So you're doing your ico the same way as many scam icos which just sell their tokens on exchanges?
Minimal effort, hoping for maximum return.
$100m market cap and the investor even has to pay the trading fee.
No thanks.
And no more Cryptoverse for me.

That's a ridiculous statement. It's like saying because we used an Etherium contract [insert your statement here]....
We have put a lot of work into the project so far and we've committed to a 30 year project.

 

Maybe they dont have time to do reaserch or even readt it, sometimes its like that just consider all there complain because all of them has the right to do.

Please point me to ONE ico that wants to raise that kind of money and only sells it's tokens on an exchange !

Perhaps you could expand on that a bit i.e. what would you really like to know?

Philosophically I ask this because even if that question is answered with "this is the first one", that doesn't mean anything. There always has to be a first doesn't there? Bitcoin and Ethereum where both firsts of their own.
Your same question could have been asked about their launch and an answer really would not have told you anything of value.
That's really the thing about 'innovation', it's based on it never having been done before. 'An innovator' is one who pushes the envelope and is willing to lead.
If everyone waits for something to be done for the first time before they do it.... no one ever does it.

Your thoughts?

Actually there are tons of icos done like yours.
But they are all scam icos by people creating tokens and selling them on exchanges to others who don't know better.
If your "innovativ" approach has the goal to be associated with scammy shit coins, then you definitely  succeeded.

Guess potential investors make that conclusion as well.
Changing the bar on your website from "99% remaining" to "13% to milestone" makes it look like you realized that the expected cash grab isn't working.

No bounty campaign?
No airdrop?
GREAT!!

Security Update: Cold Storage Transfers 1 & 2 Complete
https://steemit.com/kexcoin/@kexcoin/security-update-cold-storage-transfers-1-and-2-complete (https://steemit.com/kexcoin/@kexcoin/security-update-cold-storage-transfers-1-and-2-complete)

Any Bounty for kexcoin ?
drip
etc....

Hey Guys,

We see you're now on Coin Market Cap!!

Congratulations!!

 8) 8)

This project looks very interesting ... and I like it ... :)

Do you need a german translation?

Very interesting, an industry that is always up

you really dont have a bounty program?

where is Bounty link are you offering Facebook and Twitter bounties? I am interested in social media bounty programs as i already doing my best with over 12000 followers in Twitter and Facebook.

You can participate in these contests if you'd like:
https://twitter.com/kexcoinofficial/status/907178226744745984
https://www.facebook.com/Kexcoin/posts/131694527456207

https://steemit-bucket-4a743ec2.s3.amazonaws.com/kexcoin-ico-update-21-09-2017.jpg

Kexcoin Has Raised $707,514 So Far (183.77 BTC From 73,035 Kexcoins Sold)
http://bit.ly/2fDaOCM

interesting project, a good start for rised a big fund congratulations for the ICO is live......

ERC20 token ?

Bitshares UIA

Great to see the ICO is getting much attention guys!!

Hello all

how do i run my kexcoin?

Strange who can invest in such a project? Unknown command I this command can through photoshop to make. Where is their bounty company, how does the public find out about them?

Thanks. It's because we're on coin market cap. Currently number 883 and climbing


Like any other coin / token on an exchange, you can buy and sell it as you see fit.


Anyone can participate, simply get some bitcoin, set up an account or wallet on Bitshares and place your order. It's really simple and easy to do.

I think the fact you need the Bitshares platfrom to invest in your ICO is standing in your way to a broader participation.
In its current state it simply sucks. Slow and a not very userfriendly interace.
Also, the fact that you are threatening investors they might need to disclose their personal information (KYC policy) will scare even more people away from your project.

I like the idea and your sharing model a lot, will consider investing... Without the two barriers I mentioned it would be a no brainer.

Thanks for your input. Can you confirm how we are "threatening investors"? Are you referring to future regulation?

You are welcome.
Yes, that's exactly what I was referring to.
I guess it's inevitable with a UK based ICO?

There is another project that is like yours but they make use of blockchain technology, couldn't I already invest in Kexgill without this project?  You say how many times Kexgill is so great a company, why aren't the founders using their own money from their established business? You want to take OUR money to build more property for yourselves and on top take a big commission???

Also, how come the links never work?

Kexcoin Now Listed As An Asset On CoinMarketCap.com!
http://bit.ly/2hsiI1X (http://bit.ly/2hsiI1X)

We are making use of blockchain technology to remove friction from our crowdfunding campaign.
No there is no opportunity to invest in Kexgill because it is a private company, not a public company.

Kexcoin is a new company created exclusively to create this opportunity for you to profit from their expertise.
The founders are indeed using their own money. This is how the project has been funded so far, and until we reach the minimum fund raising goal the founders are the only ones taking any risk.

If the minimum goal is not reached, all participants get refunded and we lose all the money we have invested to launch it.

We are offering you the opportunity to put your money to work. If you prefer to leave it in the bank, or if you find a better way to put it to work then it is your choice to do so.

This is a free market. There is no coercion here.

No bounties?

If the sale fails to hit the target will you consider relaunching the ICO using the ethereum platform. I think you have demonstrated that bitshares is more than capable of dealing with the transaction volume but nevertheless it is not a hugely popular platform and I think that is discouraging people or at the very least failing to hook into the network effect that ethereum has built for itself with its ERC20 tokens. People expect erc20 tokens to be listed on regular exchanges because it is easy for regular exchanges to do so. People also know how to secure their ERC20 tokens with a hardware wallet and dont have to trust a web based system with the large amounts of funds required to meet the project requirements.

If you refund first and then re-launch you will have also very publicly demonstrated your trustworthiness.

 

Two questions:
1. Is there any way to add 2FA on openledger.com (bitshares)? I looked and looked but couldn't find it anywhere.
Seems terribly unsafe without such an option.

2. There is an offer of 0.00249 BTC/KEXCOIN, how can that be. In your how-too-buy it is stated that the minimum price is 0.0025 BTC.

For the people saying bounties are bad. I do work for bounties but I only work on projects in which Im going to invest. For example I did bounty videos for Dimcoin in which I invest $15,000. I know there are many people that do bounties just to get "free" coins, and working is not free. If you make a video, articles, etc you are putting into promoting the ICO/company.

With that said, I would love to speak with a Team member in private and show you what I can do to promote Kexcoin. So far loving this project you guys keep saying the right things :)

and another question regarding profit share: Will it be payout quaterly or that is that profit share that will occurs in 30 years?

At the moment we are focusing on ensuring that the ICO is a success and therefore have no plans for an ERC20 token. Should the target not be hit then funds will be refunded to participants or a vote would be taken as to if we continue the project on smaller volumes.


No 2FA but you can hold the private keys.
Can you point me to the 0.00249? I'm sure this is probably just a rounding issue as all of the payment that we have received have been the correct sum or larger.


Please feel free to contact us direct through the website contact page. Profits are used quarterly to buy up kexcoin.

We will keep this community informed over the next weeks.

The team looks balanced but still you need 11% more to reach your minimum Cap and only 2-3 days left. I also dont see any bounty programmes by you guys, Its sad that such a good project is sitting idle on bitcointalk.org.

No. They have only reached 11% of the milestone. So they need another 89% to reach that.

But they want to sell 8,500,000 coins in total and have only sold 74,993 coins so far.

Thats 0.9 %  ;D

Thankfully people seem to start to use their brain and think before investing.

The ICO closes on the 14th October.  ;D

What you are lagging is influence. Apart from the best idea that you already have you dont spend your time in proper management. Frankly man i have seen projects with shit ideas with just punky management here to raise much than your goal from this forum only.
Dude you need a massive people's participation. Its sad that this project in spite of being good is on the trench.

What would you suggest?

Better marketing. Look at the paragoncoin scam and how much money they've raised...purely through marketing.

I agree with you, Just Look Paragoncoin and Bankera, both are scam but have raised highest amount in this Q4 2017, all just because of Marketing.
@OP Ping me or PM me if you would like to have a discussion with me on the Marketing Topic.

In the "security update" you said there would be daily btc transfers to cold storage.

But nothing has been transfered for 4 days now.

How come?

Because nobody is buying any I presume.  You can't transfer it if there is no Bitcoin to transfer.

Chris the CTO has been travelling so decided it best to wait until fully secure, transfers have now resumed.


Many payments are coming in daily, admittedly much smaller than hoped but we still have a few weeks to go. You can see this at:

https://bitshares.openledger.info/account/kexgill-ico/overview/ (https://bitshares.openledger.info/account/kexgill-ico/overview/)

What is the minimum goal for the ICO to be successful?
How many Kexcoins are to be sold?

I think you have been unlucky.  Not the best time for an ICO but there was no way of knowing that.  This is exactly the kind of project which would have been huge in China.  I'm wondering if it might make more sense to re-run the ICO at a more favourable time if the amount required is not collected.  The current amount would barely buy a mid sized house in London.

Sell your tokens on other place.. Because this wallet dont work with me.. ALL NODES ARE DOWN !! and i cant connected me in on line wallet because their system doesnt want let me created a name account..and i run on vista well i'm hasbeen and i assume but i think this thing should runing same on a game boy :D its stupid..and support dont résolve issue..really no one bat an eye.. too bad because this project seems interesting

Check out this episode of The FOMO Show featuring an interview about Kexcoin:
https://youtu.be/4E3F4uj9-Ro (https://youtu.be/4E3F4uj9-Ro)

If the sale ends under funded and participants vote to continue anyway will the founders burn enough tokens so that their share of the kexcoin is not an unreasonable percentage of the total supply?

As per the Kexcoin terms, all unsold coins have now been burned. Proof of burn visible on the BitShares blockchain at:
https://bitshares.openledger.info/account/kexgill-ico/overview

Burn calculations:
https://docs.google.com/spreadsheets/d/e/2PACX-1vR0FJGwtvWapeurQBA8arNEQ65w8kzigZ0zUxQKhn95GqW3FohdCEdmHSUh9l-f1I60HjJloasxIRMF/pubhtml?gid=0&single=true

Stay alert for upcoming posts.

Too bad this company's business is for student accommodation in Europe, and not in USA where education prices are outrageous and would yield a ton of profit! In Europe education is much cheaper if not free...so I don't see much profits in this.

It isn't free in the UK, https://www.topuniversities.com/student-info/student-finance/how-much-does-it-cost-study-uk

Sad to see this project did not meet it's minimum.  Are the team thinking of another project?

I just went through the refund process (selling my kexcoin back for BTC). I was the 100 BTC buyer and I see 99.8099 in my wallet now after withdrawing from bitshares. The 0.2% was lost between buying and selling kexcoin but they where bought and sold at the same price. Was this a built in fee on the exchange of kexcoin? who did it go to? I'm not at all upset about this, its in-line with the fees I get on several exchanges, just curious.

I am very happy with the way the kexcoin team conducted themselves, the refund was done very quickly. We can say that the low participation in the sale was not an accurate signal about the quality of the integrity of the kexcoin team, they have conducted themselves honourably.

so whats happening...are we to be selling coin back because it didnt make its minimum...or is the coin going to still go ahead as planned??

That's a fee levied by OpenLedger not us. When I created Kexcoin I specifically set our market fee to be zero.
Thank you very much for your kind comments.

Official Results Of The Kexcoin ICO And What’s Next
http://mailchi.mp/25d908dbd7bf/new-lesson-added-give-away-lottery-tickets-and-earn-bitcoin-1448625

Sadly the project failed to meet the goal. I am looking for investment in real estate ICO… Who can give reasons that ICO is not good ideas or believe it can work?

Kexcoin tokens are issued to participant to acquiesce in the student investment property market.
https://icoclap.com/kexcoin

The ICO itself is simply a way for a project to obtain funds.  ICO's are predicted to take off in 2018 (2017 was already huge).  ICO's are a form of venture capital so just like any other investment they can work very well or not at all.  Also, just like any other investment, I would suggest you do your research, but more importantly take a strategy of diversification because the big winners are usually the ones that did not look appealing at first and many times the ICO that looks fantastic has put all of its resources into image with very little substance. 

A key point is to understand the market price of the token/coin will react to how the company implements/executes its plan and the real world viability of the project (i.e. will the project have a significant real world impact - is there a need or use case for the project).

 This is an ICO for a token on Bitshares.  There is no mining algorithm.

You are undoubtedly a professional in the area of ​​student injection but there are some who are in the area of ​​blockchain technology as people say Currently people are working on blockchain projects There are strong technical requirements that people expect Many people think Projects with technological innovation will have more potential

Definitely with a technological innovation that positively improves/disrupts current models/practices in the real world. I think a fair question when looking into an ICO would be "How will the projects new technology make an impact on the current market/industry?".  If this can be answered where the project will make a significant improvement on people's lives, then it could have very good potential.