Interesting read with great potential. So, am wondering where you plan to base most of the real estate purchase? i.e location. Do you plan on dealing with residential , commercial or both? Would real owners have access to use the facilities? and does the company currently have any real estate in its portfolio, or do you plan to commence with purchasing post ico.
Many thanks! -We will start with Spain but we plan to go global during first months as the interest of our customers is global. We will hunt for the best US, Europe, Asia, Latin America opportunities. -Residential and commercial. -No access to use the facilities, just economic rights. -Not yet, purchasing will be post-ico. Melissa
|
|
|
What a great and interesting project. The white paper is rock solid, not too long neither to short. This is going to be one of the best ICO of the summer.
Wow, this is awesome. I have been on the hunt for something in the RE arena, and finding a project with such a thorough and well laid out plan and intent means I am very excited.
The pdf is loaded up and I'm going to get down to the specifics after the first videos in the ANN OP, and I intend to chime back in and maybe have a few questions I assume you guys are already prepared for with lots of good answers and useful information.
Many thanks!!! Let me know if you have questions!
|
|
|
This looks like a promising project. For starters, unlike some other ICOs with fake photos, REAL has a video of the team in the office and we can see their LinkedIn accounts. The concept is great. Many people store their wealth in real estate and others in cryptocurrency, so why not combine the best of both worlds?
That is precisely our plan. Thanks
|
|
|
This concept seems interesting and I think I would give it a try. However, I see a less clear picture of how it's exactly going to work? It makes logic to bring investors from the world to participate in the investment of the particular properties and to earn returns from it. Let's see what happens, I am tracking this topic and will definitely try it during ICO sale.
Hi Dudeperfect! It is going to be very easy I promise ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) We will just imitate how other real estate crowdfunding sites work, but applying blockchain technologies and cryptocurrency.
|
|
|
Can I get some info on what forces will affect the price of REAL tokens? I assume the strongest force will be perceived value and speculation? Also expected return on investment?
Will some REAL tokens be more expensive, simply because they are bringing more profit due to being invested in better properties?
Basically if I were to spend 100ETH on Real, then apart from the dividents being paid can I expect the tokens to go up in value? And why?
Cheers
Hi CYPER! Main force behind value grow will be users demand. As the site becomes successful and more users enjoy its profits there will be a demand of more REAL tokens and price will go up. Real estate valuations are based on incomes and have much lower yield expectations than what you are inferring the cryptomarket will do to your token. You also did not address the 10% you will take off the top of net income for your leadership team (vs a REIT that takes 1%) So you are targeting crypto speculation as the main value driver for buyers, not the asset itself, so once again, why wouldn't someone buy tokens, conflate it with real estate, with the hopes that maybe your team will choose good investments, even though you don't specialize in the markets which you are vetting, and maybe the cryptomarket will go up as a whole, and maybe your token scarcity will have an impact. Seems like folks should just buy Ether and invest in real estate separately, there is no reason this should be a blockchain project besides perhaps REAL trying to capitalize on ICOs in general rather than building a real security with all the legal frameworks, investment prospectuses and comparable / much more affordable expense ratios. Smart contracts for income distribution are great but they do not in any way stop any manipulation that can take place between the tenants payments and the funds getting to the smart contract - ie, your smart contracts don't perform rent collection etc... You seem to fail to understand the economics. If a REIT takes 1% of investment amount, and you invest 100,000 it is then 5,000 for five years no matter the profits you make. (That is without considering plently of other setup or withdrawal fees). On REAL user just pay a 10% on profits so if those 100,000 turn into 130,000 it is just 3,000 in total fees. There is more alignment of interests and fees are lower. That is why Real Estate crowdfunding sites are booming, with higher fees than Real. We are targeting cryptofunds holders as clients with a great deal as we believe we will build a successful and profitable business.
|
|
|
Can I get some info on what forces will affect the price of REAL tokens? I assume the strongest force will be perceived value and speculation? Also expected return on investment?
Will some REAL tokens be more expensive, simply because they are bringing more profit due to being invested in better properties?
Basically if I were to spend 100ETH on Real, then apart from the dividents being paid can I expect the tokens to go up in value? And why?
Cheers
Hi CYPER! Main force behind value grow will be users demand. As the site becomes successful and more users enjoy its profits there will be a demand of more REAL tokens and price will go up.
|
|
|
So anyone that presents an idea to develop housing or a business can simply petition the REAL network with a thorough plan showing the potential increase of value of said real estate and it will likely get funded?
Hi Bossbee!! It will have to pass our requirements like yield suitability, third party valuation, market conditions first.
|
|
|
Why does this need to be a blockchain project? Firms like fundrise already do this and have much lower expense ratios...
Why blockchain? transparency, liquidity and global access. Read more on https://medium.com/@real_token/the-need-for-real-123d970ba812Much lower ? No. Much more expensive. Fundrise charges 1% per year on invested amount plus 2% setup fee. REAL charges 0% per year on invested amount and 0% setup fee. REAL just takes a comission of profits, ending up way cheaper. That is really deceptive, you are allocating 20% of the token supply to founders, your fees are irrelevant, the value of the portfolio is diluted by at least 20% - meaning, on the backside, investors are giving away 20% of the value of the portfolio to you, that is much higher than a 1% annual fee. That is also not correct Mike! This is not a fund and tokens are not shares. REAL is a crowdfunding platform that will distribute 90% of net profits to its users. Tokens are the internal currency that will be used to invest into properties. Let me know if you have more doubts, Thanks Melissa So, the dividends from cashflows will be distributed to token holders proportional to the number of REAL they own and invest in properties? Yes. Every user will be able to choose different properties and build a custom portfolio. Got it, so you are diluting the supply by 20% to compensate founders plus 10% out of the expenses before posting the dividends, again, this seems very expensive. In exchange, there are none of the protections you get with a traditional REIT. Do token holders have any rights to the deeds of the properties explicitly of would we have to rely on REAL to facilitate recovery to token holders in case liquidation happens? (IE, who owns the real estate itself, what explicit legal rights do token holders have?) We will dilute the supply by 20% in 6-24 months time (our tokens are locked with vesting and cliff). Our goal is that by then the Token value will have grown way more than 20% therefore it will end up being a great opportunity. That can't happen in non crypto real estate crowdfunding sites. We will offer the same rights and guarantees as REIT do, plus everything will be recorded in the blockchain and function with smart contracts. Not only a third party audit. Melissa
|
|
|
Why does this need to be a blockchain project? Firms like fundrise already do this and have much lower expense ratios...
Why blockchain? transparency, liquidity and global access. Read more on https://medium.com/@real_token/the-need-for-real-123d970ba812Much lower ? No. Much more expensive. Fundrise charges 1% per year on invested amount plus 2% setup fee. REAL charges 0% per year on invested amount and 0% setup fee. REAL just takes a comission of profits, ending up way cheaper. That is really deceptive, you are allocating 20% of the token supply to founders, your fees are irrelevant, the value of the portfolio is diluted by at least 20% - meaning, on the backside, investors are giving away 20% of the value of the portfolio to you, that is much higher than a 1% annual fee. That is also not correct Mike! This is not a fund and tokens are not shares. REAL is a crowdfunding platform that will distribute 90% of net profits to its users. Tokens are the internal currency that will be used to invest into properties. Let me know if you have more doubts, Thanks Melissa So, the dividends from cashflows will be distributed to token holders proportional to the number of REAL they own and invest in properties? Yes. Every user will be able to choose different properties and build a custom portfolio.
|
|
|
Why does this need to be a blockchain project? Firms like fundrise already do this and have much lower expense ratios...
Why blockchain? transparency, liquidity and global access. Read more on https://medium.com/@real_token/the-need-for-real-123d970ba812Much lower ? No. Much more expensive. Fundrise charges 1% per year on invested amount plus 2% setup fee. REAL charges 0% per year on invested amount and 0% setup fee. REAL just takes a comission of profits, ending up way cheaper. That is really deceptive, you are allocating 20% of the token supply to founders, your fees are irrelevant, the value of the portfolio is diluted by at least 20% - meaning, on the backside, investors are giving away 20% of the value of the portfolio to you, that is much higher than a 1% annual fee. That is also not correct Mike! This is not a fund and tokens are not shares. REAL is a crowdfunding platform that will distribute 90% of net profits to its users. Tokens are the internal currency that will be used to invest into properties. Let me know if you have more doubts, Thanks Melissa
|
|
|
Why does this need to be a blockchain project? Firms like fundrise already do this and have much lower expense ratios...
Why blockchain? transparency, liquidity and global access. Read more on https://medium.com/@real_token/the-need-for-real-123d970ba812Much lower ? No. Much more expensive. Fundrise charges 1% per year on invested amount plus 2% setup fee. REAL charges 0% per year on invested amount and 0% setup fee. REAL just takes a comission of profits, ending up way cheaper.
|
|
|
If for example we invest 1000 real tokens in a property valued at let's say €1 million euros, what will be the monthly income in Ether? Just a rough estimate will do, given the property prices in Spain and the rental income in today's market?
Happy to do the calcs: Considering 1) No token volatility 2) The property is financed 50% with a bank loan. Then average base rental of 7% annual income becomes 14%, minus interests ends up at 12%. We discount the platform 10% and ends up at 10.8% . Considering 1 ETH = 200 EUR aprox. it would look like 0.045 ETH a month, 0.54 ETH a year. That is without considering the value appreciation when the property would be sold, that would give extra profit of another annual 10% aprox. There would an extra 25% if Real tokens have been acquired with discount. And of course when everything goes exponential is when Real tokens appreciate as well as the properties. I like it. So it's around 3.64 ETH for 1000 REAL in the first token sale round (the one with 25% bonus). Getting my money back in 6.7 years, and after that it's all profit. And all this ignoring the value appreciation of the property, which let's be honest... you can't really ignore in today's world. And the Token appreciation :-)
|
|
|
This is a promising project, would love to participate in the social media campaign, but I only use Facebook and Twitter, don't have a slack profile or a telegram profile. Is it okay to participate in only twitter and Facebook??
ask in the bounty thread please
|
|
|
I'm very impressed. Also, I wasn't even expecting such a complete answer...
Thanks We believe we have one of the best teams in the ICO market.
|
|
|
Concept is great, white paper is very detailed. Core team has a lot of relevant experience and impressive advisory board too. My main concern is the amount of highly apparent typos: on the website, in the team bios, in the whitepaper, etc. To me this is highly unprofessional for a serious company and a potential red flag - can imagine it has the same impression on other investors too. Would change asap
Many thanks Donberna! And welcome to the forum, i see this is your first message ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I just sent you an email to hire you to do a "typo hunting" bounty, because they do not seem easy to find. You are right, it does not look good, but I've seen it is a common theme among ICO's, having international teams focusing in the code instead of a perfect english grammar. The explanation is that we are not native English speakers. You know what they say: It means that we at least speak one other language ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I believe people will focus in the first part of your message. And from our side, we will fix it very quick. Thanks again Melissa Thanks Melissa for your quick action and good to see commitment from the team to fix things in a swift manner. Homepage looking great now, lots of confidence in this project. Thanks to you!! :-)
|
|
|
Can you tell us more about the team and their background? Personal achievements in the real estate industry? When did you meet? How? For how long have you worked together? Do you have an office? Are you even based in the same location? How have you funded yourself so far?
Please check out our site or whitepaper. There are dozens of references, linkedins, news links, videos, etc. Its a very experienced and high profile team on the online world. Yes we are working in the same building, we have put 350.000 USD of our own funds. We know each other since 17 years. We have met on previous startups. I paste them here. Profile Interview https://www.abc-mallorca.com/enrique-dubois/Profile Review http://spanishmonitor.overblog.com/key-players-in-start-ups-iv-enrique-duboisSpanish Social Network, Wamba, Scores 3M Euros in Funding from Early Skype Investor http://techcrunch.com/2007/09/28/spanish-social-network-wamba-scores-3m-euros-in-funding-from- early-skype-investor/ PlaySpace Scores $1.9M To Expand Its Social Games To U.S., Latin America http://techcrunch.com/2012/09/05/playspace-scores-1-9m-to-expand-its-social-games-to-u-s-latin- america/ Mallorca-based Incubator Raises €1.2m, Announces First Investments http://techcrunch.com/2012/03/01/mallorca-based-incubator-raises-e1-2m-announces-first- investments/ Spanish startup accelerator Mola, from Mallorca to Latin America http://thenextweb.com/la/2011/11/20/spanish-startup-accelerator-mola-from-mallorca-to-latin-america/ Linkedin Profile https://www.linkedin.com/in/enriquedubois Angel List Profile www.angel.co/enrique-dubois• Bernardo Hernández background Wikipedia Profile https://en.wikipedia.org/wiki/Bernardo_Hern%C3%A1ndez_Gonz%C3%A1lez Bernardo Flickr announcement https[Suspicious link removed]c-bernardo-hernandez/ Techcrunch Press Release https://techcrunch.com/2016/05/18/e-ventures/ Bernardo Interview on TheNextWeb https://thenextweb.com/creativity/2014/06/11/flickrs-bernardo-hernandez-seeks-reignite-photo- service-take-new-heights/#.tnw_Y9JLFVB6 Linkedin Profile https://www.linkedin.com/in/bernardohernandezBernardo Hernandez Interview at Noah16 https://www.youtube.com/watch?v=fa0a1j9lV8IBernardo Hernandez on Spanish National TV (Spanish) http://www.rtve.es/alacarta/videos/los-desayunos-de-tve/entrevista-bernardo-hernandez-director- mundial-productos-emergentes-google/1420215/
|
|
|
Concept is great, white paper is very detailed. Core team has a lot of relevant experience and impressive advisory board too. My main concern is the amount of highly apparent typos: on the website, in the team bios, in the whitepaper, etc. To me this is highly unprofessional for a serious company and a potential red flag - can imagine it has the same impression on other investors too. Would change asap
Many thanks Donberna! And welcome to the forum, i see this is your first message ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I just sent you an email to hire you to do a "typo hunting" bounty, because they do not seem easy to find. You are right, it does not look good, but I've seen it is a common theme among ICO's, having international teams focusing in the code instead of a perfect english grammar. The explanation is that we are not native English speakers. You know what they say: It means that we at least speak one other language ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) I believe people will focus in the first part of your message. And from our side, we will fix it very quick. Thanks again Melissa
|
|
|
|