You can buy OUR real estate with this coin.  We will gladly accept PEX-Tokens as a form of payment for our houses, in their USD-equivalent value at the time of purchase. 

How many PEX-Tokens would you like to buy?  I know a company selling them 

I respect your opinion and you have a right to it.  I can't agree though.  Real estate projects have been successful for almost as long as men have been roaming the earth.  From the perspective of a person that started from nothing and became a multimillionaire, how many of the millionaires do you think became that way because of real estate?  

I don't understand why anyone would identify the real estate industry as being the only industry that is incompatible with technological advances.  Look at how many ways that people throughout the centuries have already created to possess real estate, whether by sovereignty or grant by royal decree, whether by title or rights of possession, whether held by real persons or nonpersons, whether ownership or leasehold, etc.  Whenever political persuasions of men have changed, so has real estate.

We are doing something not only unique, but uniquely special.  We have created a REIT on steroids.  We have created a whole new asset class of unlimited monthly volume potential that exists peer to peer; one that can grow outside of the underlying collateral values, one that can be branded, one that can be advertised, one that can be fractionalized, one that can be leveraged, one that can control a market wherever it lands.  We have created an ownership structure whereby our client can become a participant in our success, or our token holders can become our clients, where we control our own lending guidelines, where our buyers control their own destiny, all outside of the control mechanisms that traditionally stand between a buyer and a seller by third parties.  

I encourage you to take a closer look.  We're excited about our project, we know our market inside and out, and we'd love to have you on board!

A nice media piece on Prime-Ex Perpetual was published today at the Huffington Post.  Feels good to get a little media exposure!

https://www.huffingtonpost.com/entry/5a0c98b8e4b006a16baf1eb9

Ayodeji Onibalusi, Contributor
Entrepreneur and digital marketing expert, CEO at Effective Inbound Marketing

How it Can Pay to Buy Residential Real Estate With Blockchain Tokens
11/15/2017 02:54 pm ET

Cryptocurrencies are huge right now, and they should by no means be underestimated. Research shows that some $4.9 billion worth of bitcoin is traded every 24 hours and usage of bitcoin is unrestricted in a whopping 96 countries. When you also consider the adoption of blockchain technology in established industries as well as emerging ones, it’s easy to see that cryptocurrencies are here to stay.

However, cryptocurrencies have a lot more potential than many would imagine.

Сan you imagine buying a property without credit scores, without age restrictions, and including a guaranteed buy-back program at two-thirds of the original price outside of your home country? Companies like Prime-Ex Perpetual, a company catering to expats in the Republic of Panama, do exactly that by tokenizing their own real estate ecosystem using blockchain technology.

Prime-Ex Perpetual CEO John Gilbert believes that blockchain technology will change how real estate is approached, and that the improvements introduced to the existing real estate model will enhance the bottom line of the company as well as the owning experience of the homebuyers.

How Tokens Might Take Thousands of Dollars Off the Price of a Home

Gilbert thinks blockchain can greatly reduce the effective cost of buying property by reducing monthly payments and by becoming token holders themselves.“When our homebuyers become our token holders, they win in three ways. First, they experience a cheaper monthly mortgage payment. Second, they will enjoy dividends derived from our company’s profits in their proportional share. Third, as the PEX-Token realizes ever-increasing demand against their permanent fixed supply, there is a chance that the underlying value of the PEX-Token may go up over time, which would effectively make the purchase price of their home cheaper with each future mortgage payment they make. Everybody wins. Most of all our homebuyers who become token holders.”

He credits the company’s “3 pillars” for making this possible:

3 Pillars of the Prime-Ex Perpetual Real Estate Ecosystem

To understand what Prime-Ex Perpetual is doing you need to understand the 3 Pillars of the Prime-Ex Perpetual Real Estate Ecosystem. Prime-Ex Perpetual relies on a handful of improvements to the traditional real estate model to reinvent the way that residential real estate is experienced.

The hope at Prime-Ex is to be able to handle every step in the residential property development and sales process through its platform. Under Prime-Ex’s current plan, all the steps in the process including property selection, land development, home construction, advertising and sales, mortgage, rental, and maintenance would take place in the blockchain.

Prime-Ex is testing the model with luxury properties in the highlands and beach front areas of the Central American nation of Panama. The hope is to market the properties, it plans to finance with an initial cryptocurrency offering (ICO) called PEX-Token, to wealthy expatriates from Europe and North America.

Pillar 1: Controlling the Real Estate Process

The way that Prime-Ex Perpetual holds title to the individual properties ensures superior lien rights from beginning to end. This protects the interests of both Prime-Ex Perpetual and its token holders. The permanent mortgage for a future buyer is attached to the property at the very beginning of the process, and is only enjoined to a payment structure when a buyer purchases the home. This creates efficiencies in chain of title and eliminates the possibility of loss for both the buyer and Prime-Ex Perpetual.

Pillar 2: Improving the Borrower’s Financing Experience

Prime-Ex Perpetual is introducing their proprietary Revolution Loan, which replaces interest rate risk experienced by borrowers with equity participation by the lender. The loan is meant to eliminate the negative reinforcements banks traditionally use to get the borrower to pay, and replaces them with a very big reward: after the borrower has participated in the Revolution Loan as agreed for three years, the borrower can execute a clause in the agreement whereas Prime-Ex Perpetual will buy back the house for two-thirds of the original purchase price, no questions asked. Borrowers are able to lock in a lower maximum risk exposure that allows them to experience living abroad without the full financial risk attached of buying a home outside of their home country.

Pillar 3: Leveraging Blockchain Technology

Prime-Ex Perpetual has tokenized their own real estate ecosystem in a way that allows home buyers to pay their mortgage at a discounted payment by using PEX-Tokens, and allowing their token holders to enjoy dividends equaling 80% of the company’s profits. The free exchange of PEX-Token value within the Prime-Ex Perpetual ecosystem in a way that benefits all effectively creates a whole new asset class built on top of a traditional real estate investment trust. Homeowners enjoy lower monthly payments. Token holders enjoy dividends. Token holders enjoy a more direct and transparent way to sell their investment without the need of middlemen with very low transactional fees. When homebuyers decide to become token holders they become active participants in the very model that helped them to purchase a home in a new way.

Prime-Ex Perpetual believes that the improvements made to the real estate process puts their company in the conversation of every person considering purchasing a home in any market that they choose to operate in. “When you consider the quality of our homes, the easy monthly payments, the ecosystem that our homebuyers get with one of our homes, combined with a guaranteed buyback, there’s really no other choice,” says John Gilbert, CEO and Co-Founder of Prime-Ex Perpetual. ”People will choose our homes because it makes the most sense for their lifestyle experience and their bottom line.”

The Initial Coin Offering of Prime-Ex Perpetual’s PEX-Token begins on November 15, 2017. Prime-Ex Perpetual is offering 25,000,000 PEX-Tokens for sale at $1.00 USD-Equivalent. Token purchasers will take possession of their PEX-Tokens during the first few days of December. PEX-Tokens are a Waves-based token and will trade openly on the DEX Exchange. To hold the tokens you will have to use a Waves wallet. PEX tokens can be purchased with Bitcoin, Ethereum, Waves, US dollars, Euros or British pounds at https://ico.prime-ex.com.

 

Everybody ready for the ICO???  We are!!!

See you all at ico.prime-ex.com tomorrow at 12:00 p.m. Panama Time 

No rentals.  We sell.  Our owners can then rent if they want.  But we're selling

Actually, there are several non-Russian companies in the west that are making use of the Waves platform.  We use vendors from all over the world regarding construction materials in our houses, and consider it no different on the technology side.  Where Waves happened to be created never entered into our equation. 

We made use of the Waves platform because we felt it best met our needs and not because of anything else.  We will strive to be a company you can be proud of, and we hope to one day be among the very best Waves-based performing tokens, irregardless of where we, or Waves, happens to be domiciled.

There is probably not a bonus in the ICO... unless... MAYBE an undisclosed flash sale... just to spice things up... or... maybe not... but MAYBE

 

Ummm.... Whaaaa?

Maybe you ate too many pills 

It makes me smile to read articles like this.  I continue to believe wholeheartedly that we have chosen wisely with regard to establishing our PEX-Tokens.


“As a platform of mass adoption, it is critical that we should be able to support a high throughput of transactions, whilst maintaining robust security. NG lays the foundations for our next phase of growth and a step-change in the size of the ecosystem we can support.”
-- Alexander Ivanov, CEO and founder of Waves


https://www.forbes.com/forbes/welcome/?toURL=https://www.forbes.com/sites/rogeraitken/2017/11/08/waves-set-to-become-fastest-decentralized-blockchain-platform-globally/&refURL=https://www.google.com/&referrer=https://www.google.com/

Waves Set To Become Fastest Decentralized Blockchain Platform Globally

NOV 8, 2017 @ 11:36 PM
Roger Aitken , CONTRIBUTOR

Waves, a global public blockchain platform founded last year that completed its Initial Coin Offering (ICO) in June 2016 raising over $16 million (c.30,000 bitcoin (BTC)), is implementing new technology to enable the network to process “thousands of transactions” per minute and become the fastest decentralized blockchain platform in the world.

The innovation is touted as bringing blockchain technology to the “next level of evolution”, enabling the platform that was the brainchild of a Moscow-based physicist to compete with mainstream payment processors and to achieve mass-market adoption.

“Waves-NG”, a next-generation technology and consensus algorithm designed and based on the Bitcoin-NG proposal made by Cornell Computer Science academics Emin Gün Sirer and Ittay Eyal.

It increases effective bandwidth and speed of block creation, which is described as being “especially significant for businesses” using the Waves platform since it allows for conducting micro transactions - without any delays that are typical with traditional blockchain systems.


Furthermore, it allows the platform to withstand high loads, such as distribution of tokens following crowdsales and airdrops of bonus tokens. The speed of processing trading transactions on Waves decentralized exchange (DEX) is increased as well.

The prototype for the development of Waves-NG was Bitcoin-NG, a protocol developed for Bitcoin by Gün Sierer, Co-Director of the Initiative for Cryptocurrencies and Contracts at Cornell.

“In recent years, we have seen blockchain technology show the world its unique capabilities and amazing promise. As well, we have seen it hit a wall when it comes to scalability,” said Gün Sierer, who holds Ph.D. & M.S. qualifications at the University of Washington and B.S.E. from Princeton University.

He added: “If blockchains are to conquer the world, they need to scale. The Waves team is at the forefront of this race to scale. And, with NG, Waves has adopted the cutting edge of blockchain protocols for on-chain scaling.”

Current Blockchain Systems


The problem with current blockchain systems is that in many decentralized systems, nodes are scattered around the world, and their synchronisation entails significant delays.

So, for example, if you create a large block and starts sending it, while waiting for it to reach the rest of the network’s participants, one of them may have time to create a new block. And, due to this problem, forks will occur.

That is one of the reasons why, in the bitcoin community, there are constant debates about whether to increase block size. Waves explained that if one increases the size of a block in the bitcoin network by four times, “only 90% of participants will have time to download it before creating a new one. If you increase it to 36 MB, then only half of participants will have time.”

Specifically, NG enables blockchains to minimize latency and maximize throughput. According to Gün Sirer the Waves team has shown that they have an “innovative platform that incorporates the best-known technology and is ready for challenges of the next generation of demanding applications.”

NG is a protocol change that allows an increase in the number of transactions per block without increasing the number of forks.

The information necessary to start generating the next block is delivered to all nodes quickly after the previous one is generated. And, only then does the miner send the transactions that will fill the block to the network, submitting them in several tranches (i.e. microblocks).

Bitcoin-NG

Bitcoin-NG is a blockchain protocol, which serializes transactions in much the same way as Bitcoin, but allows for better latency and bandwidth without sacrificing other properties.

The protocol divides time into so-called epochs. In each epoch, a single leader is in charge of serializing state machine transitions. And, to facilitate state propagation, leaders generate blocks.

It introduces two types of blocks: (1) Key blocks for leader election, and (2) Microblocks containing the ledger entries. Each block has a header that contains the unique reference of its predecessor, namely, a cryptographic hash of the predecessor header - among other fields.  

Traditional Blockchain Model Versus NG Model

In a traditional blockchain model, blocks are discovered at roughly similar intervals and the most recent transactions are processed once a miner has earned the right to submit them to the network. As such, this places fundamental limits on the capacity of the blockchain. Bitcoin, for example, has a theoretical maximum of roughly 3 tps.

By contrast, in the NG model, the next miner is selected in advance. The miner creates a “key block”, which is then immediately filled with microblocks containing transactions, which requires no further proof-of-work.

Whilst maintaining the open structure of the protocol, it enables transactions to be confirmed “as fast as the network will allow.” Waves’ proof-of-stake approach is said to further improve speed, and thereby increasing capacity by a “factor of a hundred or more”, it is claimed.

Alexander Ivanov, CEO and founder of Waves, commenting in relation to the development said: “As a platform of mass adoption, it is critical that we should be able to support a high throughput of transactions, whilst maintaining robust security. NG lays the foundations for our next phase of growth and a step-change in the size of the ecosystem we can support.”

The public stress test, which began on November 8 2017, requires the community to help stress test it. For Q&A sheet on Waves NG see this link and a 16-page whitepaper titled ‘Bitcoin-NG: A Scalable Blockchain Protocol’ can be accessed here.

I checked with both our marketing team and our design team.  We're not using airdrop to their knowledge.  All of our information is already on the website available for download so it shouldn't be too much of an issue.

Correct.  The ICO starts November 15th and ends on the 30th.

NOTE:

Today is the last day to purchase discounted PEX-Tokens.  You should be maxing out the 20% discount percentage that's a steal!

Nope.  You're thinking about how the 80% is factored into the equation in the wrong way.  Each token holder will receive their proportional share of the 80% profit distribution that Prime-Ex Perpetual will make to its token holders perpetually.  You may also experience either a gain or a loss in the overall value of your PEX-Token, or in other words the price at which you can sell your PEX-Token for today, depending on how it trades day to day on the DEX Exchange.  I know that people play ICO tokens in several different ways, but personally I think the smart money would be on buying and holding PEX-Tokens over time.

Thank you.  We are excited to continue our journey.  Thanks to all involved that have contributed to our initial success!

First, we crawl before we walk, so that means our test market, or our proof of concept, will be here with us in the Republic of Panama.  Panama is already a top expat destination so this fits our model nicely.

In the future we will expand out naturally into other popular expat destinations in Central America that offer similar advantages such as mild year-round temperatures, beautiful and abundant wildlife, spectacular beach and highlands settings, things that the expats like to experience.  I could name a dozen destinations that fit this model, but we prefer to make announcements regarding future destinations once the concept is proven.  It won't take too long, but we really do need to test the liquidity/illiquidity of our PEX-Token to fiat conversion.  This is paramount for us as we explore something here that has never been attempted before.  Once we've figured it out we can move forward.

So here's how the DEX Exchange works.  First off, to purchase PEX-Tokens, you have to provide us with a Waves wallet, which you get for free from Waves.  It takes approximately 3 minutes to set up.

You install their Lite App on your computer or phone.  It works great with the Chrome browser.

So the Lite App has access to everything within the Waves platform.  It has any number of tokens that you own inside of the platform, and it has access to the DEX Exchange.

Inside of the DEX Exchange you can trade up to 70 different token and fiat pairs.  We consider this an amazing advantage for our ecosystem in that our PEX-Tokens will be immediately tradable on the DEX Exchange itself.

You can trade in and out of PEX-Tokens into any of these pairs.  You can hold your PEX-Tokens right here in the Lite app Waves wallet.  You can transfer most holdings in and out of the Waves platform into and out of other platforms.  While inside of the DEX Exchange your trading activity is extremely cheap.

Homebuyers within our ecosystem will have an easy method of storing their mortgage payments, no matter what country they go to, inside of the Lite App Waves wallet on the DEX Exchange.  They will be able to send their PEX-Tokens for their mortgage payments instantaneously to our own Waves wallet.  No international border reporting, no waiting 30-45 days for an international check to clear, no crazy international wire fees.  Just a quick, easy payment from one Waves wallet to another.  When our customers need more PEX-Tokens, they purchase from you right here on the DEX Exchange.  Nobody else has created internal, organic demand for our tokens the way that we do.  Once the homes are ramped up and sold this will be truly impressive. 

My logic is undeniable.

 

We are a security token.  We're a dividend token.  We make no apologies for that.  This is what we are and it is key to our ecosystem.

Our real estate ecosystem will experience organic demand, or internal demand within our own ecosystem.  We will trade openly on the DEX Exchange and wherever else Waves tokens are traded.  

The most important thing to understand about our ecosystem is organic demand.  Remember, we are self-financing what is usually people's largest purchase in their lives.  The payments for these purchases generates huge demand inside of our ecosystem.

In the future, when our global reach expands and more and more houses are built and sold to more and more customers who take out more and more mortgages being paid in PEX-Tokens, while we will always welcome those outside of our ecosystem to own and hold PEX-Tokens, we won't need them to.  We will generate enough demand internally that it's not outside of the realm of possibility that it may make more sense one day to keep the exchange of PEX-Tokens largely inside of our own ecosystem.  

The key is the internal demand that is possible.  125 homes generates 400,000 monthly token demand on a 30,000,000 permanent token supply.  The number of homes represented here is a very small number.  Do the math.  We could be a very small real estate company on the global stage where each market experiences only a normal growth rate and still create internal demand for PEX-Tokens every month in an amount that exceeds the total token supply inside of our own ecosystem.

Regarding dividends...

Ask yourself...

How many cryptocurrencies TRULY pay dividends from actual profits?

For example, we have major press releases out today announcing the launch of our pre-sale today.  We'll be published today in many known print media names that we all know all across the world.

When this day comes for Prime-Ex Perpetual that we do a press release to announce a real XDiv date to pay out real profits,  just ask yourself what the impact will be on the demand for PEX-Tokens.  When we do it again the next year, and then announce a switch from annual to quarterly profits, just ask yourself what the impact will be on the demand for PEX-Tokens.  

So while your point is valid on listing with Bittrex today for example, the point is irrelevant to the validity and success of our project.

You misunderstand.  The homes for Prime-Ex Perpetual will begin to be built from day 1.  We already have people that want to buy homes that know us.  We just haven't accepted the down payment yet because we want to know we're moving forward first.  What we are communicating is that the first homes will be DELIVERED approximately 9 months after we begin.  We say 9 months knowing that this is the maximum timeline to deliver the home.  We're getting ready to enter the dry season and buiding speeds are accelerated from mid-December through to about the end of April, there's a 5-6 week span that's rainier than others, then clear sailing to about mid September.   

We will use cameras to show the progress of the actual builds while CGI videos and 360 virtual tours are used in earnest as part of a robust marketing program to expats.  These are already being created to begin marketing the homes beginning in December.  People will know what the homes will look like from day one and where they're being built, while people from all over the world will be able to watch the progress of the homes from start to delivery via technology.  I'll personally be on the sites on a routine basis and plan to broadcast videos from the job sites a few times a year as both part of the marketing strategy and to provide transparency about what's going on inside of Prime-Ex Perpetual.

We have internal markers in place that will are gauging the stability of the ecosystem.  We believe we'll have data to move forward in rolling out Prime-Ex Perpetual to a global scale well before the five year scope, but that's indeed what we're testing so we've allowed 5 years as the test.   

Good Morning Crypto Warriors,

New monthly bounty reports are up.  You can check out your progress here:

https://drive.google.com/drive/folders/0By7fHgQ6ESjkOFYwdVhJcWtDczg

Thanks to everyone for working so hard to support our Prime-Ex Perpetual project.  Let's put our beast mode hats on and finish strong!