[PRE-ANN] - ExciteEth - A Blockchain Real Estate Organization

[ExciteEth]

The following is a work in progress. I'm posting it here to hopefully get your input, and gather support anyone who wants to become involved! As the project evolves so will this post.

Concept overview:

ExciteEth is a project with a mission to bring value to the Ethereum marketplace as a blockchain business invested in tangible assets. Presently our profit model consists primarily of residual revenue through property ownership with a long term plan of diversifying our revenue streams. Properties we have been targeting are primarily residential, single, or multifamily homes given the continued expected rise of rental demand. These investments will provide a steady source of revenue to grow ExciteEth from which ultimately will enable us to diversify our operations into other areas!

Overview (brief) of Business Structure:

Daily operations will be conducted by a Management team lead by the CEO.
A board of directors will be formed and will handle the release of debt-raised finances.
Members will vote on the board of directors.


Ethereum's role:

Ethereum provides the essential framework from which all of this will be built on! Ethereum will be used to develop a transparent debt financing model, which when successful will transform into a revenue sharing platform. Additionally, it will be used to manage debt-raised finances in a secure manner. Finally, Ethereum will empower members to interact with the company.

Project Milestones:

Introduction (complete)
Discussion and Formulation (You are here)
Whitepaper and Feasibility analysis
Development
Initial Offering
Launch

Have something you think you can add? Speak up!

Join us on slack!
https://exciteeth.slack.com

VERY ROUGH DRAFT Business Plan:
https://drive.google.com/open?id=0B6iW955fMRlua1F1RlRURDVTWkE

[ExciteEth]

more info please.

Working on writing up more details. Initial thoughts?

[rindo]

blockchain business invested in tangible assets,sound interesting, im in

[ExciteEth]

Just a small update.. I've been working on running Monte Carlo simulations to generate some expected earnings in order to fully formalize a business plan proposal for release.
Things are looking good number wise in really adverse conditions. However, It's more difficult to get approximations of actual conditions. It still can be done!

[cisahasa]

i just did not get what are you going to do..
big premine?
ico?

[ExciteEth]

i just did not get what are you going to do..
big premine?
ico?

More of an IPO secured using Ethereum, and using Ethereum as the business network.
In a very rough nutsell.. IPO --> Business raises capital --> (successful?) Business launches -->  Business grows --> investments grow / dividends
                                                                                  


                                                                                   (failure?)      Capital returned automatically --> end

Let me know if you need more clarity! Additionally, as mentioned a white paper is in the works.

[tusandii]

aah you need add the bounty or community plan,

[bones261]

If you plan on doing this with a smart contract or DAPP on the EVM, I highly suggest that you thoroughly vet the code before releasing. The community doesn't need another theDAO fiasco. The Solidarity language has some vulnerabilities, and it does not appear anyone is clear on how to program around them or if it is even possible to program around all of them.(Except for the most simple code structure, which your project seems to demand a much higher degree of complexity.)

[ExciteEth]

If you plan on doing this with a smart contract or DAPP on the EVM, I highly suggest that you thoroughly vet the code before releasing. The community doesn't need another theDAO fiasco. The Solidarity language has some vulnerabilities, and it does not appear anyone is clear on how to program around them or if it is even possible to program around all of them.(Except for the most simple code structure, which your project seems to demand a much higher degree of complexity.)

That is exactly one major concern I have. Ethereum will at least have to be used for the IPO. My initial thoughts include using it for capital control. For example a contract controlled by a committee which can release funds to a single account. However, other safeguards could be used, but the balance is of the uttermost importance. Not just for investor trust, but security within the organization. At first glance this project appears to be very much like theDAO and they are similar. However, where theDAO is a full fledged autonomous corporation/venture fund. I intend this to be more of a hybrid company . I imagine a company driven by people, held accountable by Ethereum.

[BTcoint]

aah you need add the bounty or community plan,

yes active community make coin success it is good to consider bounty for supported community.

[Brewins]

We have similar ideas, I sent you a PM

[qiwoman2]

more info please.

Working on writing up more details. Initial thoughts?

Will you be working on developing sustainable living systems? That would interest me as we move to a more sustainable lifestyle. I would love to see digital currency engaged in green tech and Eco housing units/villages/vertical farming.

[ExciteEth]

more info please.

Working on writing up more details. Initial thoughts?

Will you be working on developing sustainable living systems? That would interest me as we move to a more sustainable lifestyle. I would love to see digital currency engaged in green tech and Eco housing units/villages/vertical farming.

That's a good question! I was trying to figure out potential solutions to help people who fall delinquent in their payments. Tenant turnover hurts both parties. However, this would be less of an issue if there was a way to lower costs of ownership, which sustainability would help to do. At the very least it would be worth while to look into solar. What ideas do you have?

[SushiNoTomato]

I would recommend everyone stop saying "this is the next big thing" when all it does is live on another coins blockchain within a blockchain for itself....

Can anyone say Counterparty.

Where are the new coins that are completely different by themselves ?

[ttookk]

We have similar ideas, I sent you a PM

Just out of curiousity: Who is "we"? Waves? Or Rise? Rise had something like that planned for a while with the acre project, didn't it?

[ExciteEth]

We have similar ideas, I sent you a PM

Just out of curiousity: Who is "we"? Waves? Or Rise? Rise had something like that planned for a while with the acre project, didn't it?

If this is a question directed at me then no, I'm not affiliated with those projects, or any actually aside from this one. If that was not a question for me just ignore this message!

[ExciteEth]

Join us (me) on slack!
https://exciteeth.slack.com

Also..

Updated the initial post with a very very rough draft of the business plan. Expect errors and terrible things

https://drive.google.com/open?id=0B6iW955fMRlua1F1RlRURDVTWkE

[Brewins]

We have similar ideas, I sent you a PM

Just out of curiousity: Who is "we"? Waves? Or Rise? Rise had something like that planned for a while with the acre project, didn't it?

Neither, we is referring to the OP and myself

[ExciteEth]

We have similar ideas, I sent you a PM

Just out of curiousity: Who is "we"? Waves? Or Rise? Rise had something like that planned for a while with the acre project, didn't it?

Neither, we is referring to the OP and myself

I replied to your PM, did you get it? It might not be sending because of my low post count.

[ttookk]

We have similar ideas, I sent you a PM

Just out of curiousity: Who is "we"? Waves? Or Rise? Rise had something like that planned for a while with the acre project, didn't it?

Neither, we is referring to the OP and myself

Aaah, yes of course. Sorry for barching in. Good luck to both of you