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.

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.

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?

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!

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.

Kexcoins是一种新的加密数字货币，参与者可通过点击几个按钮来参加学生公寓地产的众筹。众筹到的资金将被用于购买有可靠租赁收入的英国学生公寓地产。

我们的目标是通过使用区块链来建立一个新的资金网络，使得世界上几乎任何人都可以参与，不论参与量的大小。

这个项目在目前市场上独一无二，原因是KexCoin由现行商业模式所支持。 支持Kexcoin的Kexgill集团39年来一直在投资和发展其欧洲学生公寓产业。是拥有经验丰富的团队，并荣获多个奖项的学生公寓提供商，在英国有近3,250间学生宿舍，并在德国拥有360多套家庭式公寓。

主要信息：

ICO什么时候启动？
正式开启时间为2017年9月15日世界标准时间15:00下订单，预售现已开始

ICO会持续多久？
30天（2017年9月15日至2017年10月14日）

公开发售总额是多少？
八百五十万个KEXCOIN

出售时的兑换比例时是什么？
0.0025 BTC = 1 KEXCOIN

如何与我们联系
您可以通过Facebook，Twitter，Telegram，Bitcoin论坛，Bitshares论坛与我们取得联系。

贡献者能从中获得多少利润？
每季度回购日将会提前公布出来，我们将用租金收入产生的50%净利润回购 KexCoins。
参与者将能够在公开交易市场上出售手中的KexCoin，我们将从最便宜的出价开始回购。
一旦回购预算用尽，所有在该预算内回购的KexCoins将被永久销毁。这减少了市面上KexCoin的剩余总量，增加了剩余货币的稀缺性，从而使价格提升。
其余50％的净利润将进一步用于投资地产，以加快回购过程。

KexCoin团队会从中获得什么？
KexCoins发行总量为一千万，总发行量不会改变。
10%（一百万KexCoins）将由团队保留
5%（五十万KexCoins）将用于开发及应急费用
剩下的85%（八百五十万KexCoins）将用于ICO公开发售
KexCoin团队会投入一切精力使这个项目成功，也只有在项目取得成功的情况下团队成员才能从中获利。
当核心团队成员希望将持有币兑现时，团队成员必须以与ICO参与者相同的方式在市场上兑换手中持有的KexCoin。团队成员持有KexCoin的锁定期为一年，也就是说项目发起一年之内团队成员不可抛售手中的持有币。

ICO结束时没能完全出售的货币呢？
未能出售的KexCoin将在ICO结束时立即销毁。

Useful Links
Website
Whitepaper
Step-by-step guide to participate

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
Whitepaper
Step-by-step guide to participate