Less than 3 days left! Don't miss out on this revolutionary crowdfunding opportunity!

Small update from our partners:

CoinMetro posting about Project B11G https://twitter.com/CoinMetro/status/1114089270682292224
Agrello's recent blogpost about Project B11G: https://blog.agrello.org/agrello-is-partnering-in-europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-e0d803b92238

Hey all,

We recently announced a fundraising campaign, which utilizes ILP (Initial Loan Procurement) technology.

Website: https://b11g.eu

ANN: https://bitcointalk.org/index.php?topic=5124763

Interest rate offered: 14% p.a.
Maturity date: 24 months

When you participate and lend ETH, you receive loan access tokens which allow you to also trade the value of your contract should you decide to exit early or trade in the secondary market. The project is run by experienced real estate developers with a proven track record of success, who are contributing their own equity into the project through this fundraiser as well.

If there are questions, please feel free to write them here or better yet in the ANN thread.

Cheers!

Hey, thanks for your question.

Essentially, you are right, you are loaning ETH to fund a project, based on the terms of the underlying contract (which is also tradable in the future). While there are no guarantees in this case and it is an unsecured loan, the loan contract is a legally binding document under European law that gives the borrower a claim to payment in the future.

There are risks associated with any financial agreement of this nature, as well as this one, so you should exercise your own judgement when deciding whether you will participate.

To explain it a little more...

The ILP platform allows the lender and borrower to agree to terms based on a human-readable contract, which can be signed electronically via a digital ID system. The ILP provides borrowers (project founders) with an opportunity to raise money via debt-financing. The terms of the contract can be designed by the borrower, in any way they feel is a right fit for their fundraise. In this case, the team behind Project B11G is able to offer 14% per year for 24 months, regardless of the extent to which they succeed.

Other companies may offer x% of net operating profits for 5 years, for example, making the opportunity more long-term oriented and/or speculative in nature. ILP was designed in Estonia, where digital contracts and signatures have been accepted for a while, with their eResidency program and other regulatory initiatives, providing welcoming environments for tech entrepreneurship.

You can learn more about the ILP platform at https://tokenote.io.

Update!

Project B11G is receiving coverage in the media, check out the two newest articles here:
https://www.fxstreet.com/cryptocurrencies/news/your-crypto-portfolio-are-you-diversifying-201903291450
https://captainaltcoin.com/transparency-and-the-role-of-blockchain-in-real-estate/

Thanks for the kind words!

In the meanwhile, the press release has been published and can be viewed here:

https://www.the-blockchain.com/2019/03/27/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g/?fbclid=IwAR0DIizpW9zY5KG0AITK_tJsezbhMGzuDlbtJyzmIgH0_16C15RX7Qnej9U

Hey, thanks a lot for the question. Before the answer, let me preface it with a short and semi-personal introduction:

I work for Blockhive, a blockchain development company, which is a partner of the project. We developed the fundraising technology (ILP) used by the project. My role is Marketing and PR lead and so I, along with some other partners, are providing the expertise with regards to blockchain.

The team executing the project are real estate development specialists in every sense, who are really enthusiastic and optimistic about blockchain. In anticipation of some follow-up questions, which are not covered in the FAQ or we cannot answer to your satisfaction, we will correspond with the core-team and revert.

To answer your question:

The facility being constructed is a multifunctional stock office, which allows startups, small and medium-sized businesses to execute all their operations. It is a 38-unit facility with capabilities to host warehousing, production, office space and showrooms. The demand for such facilities has increased over the years, especially due to the growth of e-commerce. Companies are no longer looking for retail space in downtown / city centre areas, but rather focusing on e-commerce and operating out of more economical spaces.

The B11G facility is located amongst other similar facilities, which together is called the 'Betooni Industrial Park' (Check it on Google Maps here:  https://www.google.com/maps/place/Betooni+11g,+Lasnam%C3%A4e,+11415+Harju+maakond,+Estonia/@59.4218835,24.8620839,594a,35y,39.29t/data=!3m1!1e3!4m5!3m4!1s0x4692ec8fc611ce0f:0xbc6958d4c4e9c6f!8m2!3d59.4262899!4d24.8645516).

The idea of the 'industrial park' is that there are several of these facilities all located near to one another and so it provides for a great environment for synergies, economies of scale, and collaboration among these companies.

Hopefully this answers somewhat your question- and please feel free ask for further clarification and details.

Press Release:

• https://www.the-blockchain.com/2019/03/27/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g/?fbclid=IwAR0DIizpW9zY5KG0AITK_tJsezbhMGzuDlbtJyzmIgH0_16C15RX7Qnej9U/
• https://www.cryptocurrencyguide.org/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g
• https://blog.blockhive.ee/europes-first-real-estate-fundraiser-secured-by-digital-id-and-powered-by-blockchain-project-b11g-af59ae4c06ff

Project B11G in the media:

• https://www.fxstreet.com/cryptocurrencies/news/your-crypto-portfolio-are-you-diversifying-201903291450
  
• https://captainaltcoin.com/transparency-and-the-role-of-blockchain-in-real-estate/
• https://ambcrypto.com/the-future-of-fundraising-the-initial-loan-procurement/
• https://www.financemagnates.com/thought-leadership/crowdfunding-for-real-estate-its-just-the-beginning/

Promotion ends: February 15th, 2019 00:01 GMT -8 (Los Angeles time)

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Hey guys, love the feedback. I think I forgot to mention that what we are hoping to do is educate people who are new to crypto about mining, and encourage mass adoption by allowing them to receive their first crypto. We have a digital ID system that also rewards them with tokens when they verify their ID, for example.


The idea is that through Blockhive's deals with partnerships, the ESTY token could be redeemed for promotional offers, mining power being one of them, as it is one of the currently active products Blockhive offers (https://blog.blockhive.ee/blockhive-announces-launch-of-eesti-mining-e5bf01b9ff8a). On this page you can see a post by the state-administered Eeesti Energia, the biggest energy group in the Baltics, talking about the partnership with Blockhive:  https://www.enefit.com/en/technology-parks

We do not offer cloud mining, but rather administration, operational management and hosting services for companies and larger investors.

Other types of rewards, aside from "hashback", we would be able to offer due to our existing business in that field, such as digital ID management, eResidency services, blockchain dev. training for example.

People would not need do anything different than what they usually would do in order to send crypto, people still need a wallet, any wallet, if they want to use crypto. Why not receive something rather than nothing for doing it?




If you are receiving ETH over a period of 90 days, you have incentive to keep up with the market, to be informed about the state of crypto. With regards to calculation, the rewards are expressed in hash-power. So for 1000 tokens, you get 1mh/s for 90 days, for example. To cash your reward you just click a button inside the wallet- no jumping through any hoops.

What we have in mind is a platform that allows you to loan money to developers. The asset would be the contract not the real estate. The contract would be a human-readable contract, which would hold up in court, whereas the smart contract would be what allows you to trade it.

It would also be geared towards more established, registered businesses with proven track records and not just random people who paid a thousand bucks for a fancy website.

Agreed- that the ICO is not the tool for this, but rather something different.

I am doing research on options available for property-backed loans, but using crypto to invest? Are there any platforms out here similar to traditional real estate crowdfunding? Something like https://crowdestate.eu/?

Cheers

Hey everyone,

I work as the head of marketing and PR for a blockchain engineering firm called Blockhive. I am doing research about some of our products and how people perceive them. Our company has a cold wallet app (android and iOS), which rewards users for sending cryptocurrency with in-app tokens, which can be exchanged for mining power at our mining facility in Estonia. Like many cashback rewards programs, it is designed to make our wallet the wallet of choice.


The basic idea: The more you use your wallet, the more tokens you receive (there are no fees). Once you accumulate a set amount of tokens, you can redeem them for hash-power and earn ETH. You would be experiencing mining without having to invest anything into mining hardware or cloud-mining companies.

What do you guys think of this idea? Would it be enough to entice you to download and switch over to a wallet?

We are also going to be rewarding people with these tokens for referrals with an upcoming update to the app. This feature is currently being reviewed by the App Stores. We also plan to implement other rewards with time. We hope to make the rewards relevant to digital technologies that support or are supported by blockchain.

In case you are interested in checking out the app, its available on https://www.eesty.ee.

Hey everyone,

I was wondering if anyone here is familiar with the availability of other crypto-lending opportunities from private creditor / lender to companies.I'm doing this research because it relates to the project / work I do in crypto and I am trying to better understand the market.

Is there any platform available where you can lend money to a company, sign a loan agreement with them, and have the opportunity to trade the contract before the end of the term?

For example:

Company A wants to invest in a real estate property.
Company A offers 15% interest per year with a 2 year maturity date.
Creditor A (you) likes the project and loans $100 in ETH to company A.
Creditor A receives interest payment after 1 year but decides they need the cash now instead of waiting for the 2nd year interest payment.
Creditor B wants to participate in a similar agreement.
Creditor A trades contract to Creditor B using a tokenized trading system/ platform.

The contract is binding because it employs a digital ID system and also includes human-readable contracts attached to the tokens.

Is there something else on the market like this? If not, what is the feedback you guys would give about such a mechanism?

Thanks in advance for your feedback!

I was wondering the same thing, what are the most important factors for people when choosing their wallets?

For me it's an interesting question because one of the products our company developed is a wallet. The eesty wallet (www.eesty.ee) is an iOS / android cold storage wallet (no storage of your private keys) and it works with BTC, ETH and recognizes ETH tokens as well.

It also gives you cash-back or "hash-back" rewards for using it / recommending it to your friends. Every time you send crypto or refer a friend you earn tokens, which can be redeemed for mining hash-power in Estonia (and eventually ETH).

Not sure if that's enough to get someone to use it .