This isn't something we are trying to achieve. This is just accepting BTC as mode of payment instead of local currency. At the end of the day, owner will still be a single individual/firm with all the cash. The idea with us is to tokenize a property. Regulatory framework makes it hard to do so without setting up intermediary investment vehicles. |
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Really interesting idea. From experience the legal side of it would be a nightmare, but there are intermediate companies that would oversee and run the property. It would just come down to if it the size of investment and potential return of said property over a fix period.
I would be interested to hear more.
I am thinking of a private placement only via a coin. As long as there is no ICO, we may not need for SEC registration. It would be a token similar to REITs. Glad to observe the interest in this. |
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I like this idea very much....and wonder what the minimum investment would be to get on board.
Manhattan real estate prices are always increasing in price.
Having been a resident in NYC I have one word of advice to give you when buying an apartment for investment purposes or for only renting it out.
BUY A CONDO!
Buying a condo you will be able to rent for all the time you want with no hassle from the board.
They have the right of first refusal, in other words, if they say NO they will have to pay the asking rent amount. Its a win win situation
IF you buy a COOP you will be denied and you have to eat it.
COOP is cheaper than CONDO.
Also most COOPs will refuse your right to purchase as they are no investor friendly!
Condos are more expensive than COOPs, but worth it!
Make sure the real estate property the building is sitting on is owned by the building and not being leased from another land owner!
Make sure the financials are solid, in other words...a nice large reserve exists and you are not bleeding money because of poor money management!
Not only will you make money thru renting the apartment but you will also have the apartments value increase over time, and that in itself will increase over time!
Well I am not interested in COOPs at all. They are a pain in @$$ to deal with and like you said, are not investor friendly. What I have done is identified smaller sub-pockets of the neighborhood. These pockets have good quality condos and are close to either subway stations/university/major corporations. This makes them ideal for renting out. And yes, this would require a buffer capital to allow maintenance costs while looking for tenants. The challenge is how to work on the ownership model. A legal entity in US will own the real estate. But how to translate that into fractional ownership via crypto? |
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It is not a brand new idea, but it is a practical idea. and more important, this idea can be realized without cryptocurrency  New/old doesn't matter as long as it works and makes money. Isnt it? The current scheme of things allow local investors to pool and invest. But with cryptos you can remove the boundaries and can also have a proven chain of custody. So I believe there are benefits. |
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What JS frameworks you familiar with?
What Python frameworks you familiar with?
please provide links to your github and working projects.
That sounds like a legitimate request. I'd also know more about your past/present projects. |
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What sort of team members are you looking for? Where is the entity based?
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Sounds interesting, like a Co-Op with tokenization. If done right, the sky is the limit. Are you really planning on pushing this through?
Yes I have been working on it. But looking at the complex tax laws associated with owning a property, it is pretty much a nightmare. Physical assets such as an apartment need a real world owner. The person/entity responsible for paying real estate taxes, interests etc. I have some ideas on how to execute it - but then any such token borders on SEC definition of an equity sale. Its kinda catch 22 situation. |
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I can't sign up on your website. After I enter my email - it doesn't go anywhere. Now, some follow up questions: 1. Is there a limit on total no. of tokens issued for a player X? 2. Can I join multiple tournaments? 3. Where are you guys based/who is team behind this project? Why so secretive  4. You say you're implementing smart contracts. I am assuming the source code would be public to verify what smart contracts do. |
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I am not sure if I understand the monetization part of the tournament. Would you give an example? Let's say I bought 20 tokens of player X and 30 tokens of player Y. How do i get paid if they perform well in next game?
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When you say buy a card - is it a virtual card?
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How do you ensure that people who are joining the group are really interested in investing or have enough capital to invest?
They will have to prove it at one point or another, e.g. sign a message from a wallet. Even if they don't have the money right now, they might be able to crowdfund it or raise it, so it doesn't need to be proven right away. My personal concern is not the funds, it's easy to provide evidence for having them. What's worries me a bit is how you ensure that any idea that will be discussed and reveal in the group will not be used from any other participant? I mean without the knowledge of the author of this idea. That's not so easy. I agree. Even though idea by itself is not everything - but then somebody else with proper contacts or moolah can implement it before you can. I'd see if I join this. |
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His page has not been updated since Nov 22, 2017. Most likely due non-performance as myfxbook provides automated updating. |
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How do you ensure that people who are joining the group are really interested in investing or have enough capital to invest?
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Couple of questions for you:
Who is underwriting these contracts/policies?
How do you arrive at final settlement price- given that BTC is traded in multiple domains.
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Wow! That's a comprehensive list.
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What shall we do in order to solve the trust issue? Without blockchain those investors might be co-owners of a newly created Stock Company. They could have ownership or lend as a guarantee. Also all the responsibility will be referred to the manager of the Entity. If we monetize the apartment than the IRS will see that person X is the owner and he could`ve sold all of his tokens and still be the single owner.
IRS structure isn't a problem because the profits can be passed through to the owners. I don't have an answer yet to how can we tokenize such assets, but it surely seems to be call of future. |
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There are a bunch of passive indices working in crypto now. What is your differentiation?
Thank you for reply I don't think that we have "bunch" of them, just few like ICONOMI,C20,BIT20,TaaS And just 2 of them are index funds, another are actively managed fund(aka mutual fund) Our differentiation for now, we offer additional option for new users who had not opportunity to buy previous index fund tokens. Also our portfolio will not include Bitcoin as major investment,we will equally divide our balance between 10 coins(for now, we confirm the last 2 that we want to have in a list) So essentially your basket of coins is different. People who have not had chance to buy previous index funds can always buy the listed coins to gain exposure. Yep, we will try to arrange portfolio that will not include just BTC,ETH, as well, but another interesting and perspective coins too. We are waiting now for some new forks, and till the April we will publish If you're doing an ICO, what will your token represent? Like for Crypto 20 we know what backs each token, so to say. What will be yours backing? |
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There are a bunch of passive indices working in crypto now. What is your differentiation?
Thank you for reply I don't think that we have "bunch" of them, just few like ICONOMI,C20,BIT20,TaaS And just 2 of them are index funds, another are actively managed fund(aka mutual fund) Our differentiation for now, we offer additional option for new users who had not opportunity to buy previous index fund tokens. Also our portfolio will not include Bitcoin as major investment,we will equally divide our balance between 10 coins(for now, we confirm the last 2 that we want to have in a list) So essentially your basket of coins is different. People who have not had chance to buy previous index funds can always buy the listed coins to gain exposure. |
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There are a bunch of passive indices working in crypto now. What is your differentiation?
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We are currently in need of a very good and experienced cryptocurrency technical analysis writer to always write well detailed analysis and charts prediction of Major Cryptocurrencies, pay starts at $10 per Article, Send an E-mail to editors[at]zycrypto.com to get started immediately if you're the one.
Your pay rate is rather low for a quality article. I may be interested. Not too low as you may think but as we work gradually and we are impressed with the analysis, the pay will definitely be upgraded, it's not fixed at $10 Per Article. A good article will take at least 1-2 hours of someone's time. By paying someone $10 for it, you are effectively paying them peanuts. I don't think you'll get any quality writer at that price. |
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