I quit propy with losses, because of the team market behavior. They do not want to burn unsold tokens, and their feedback with community is one-sided. They already should show something to us, but instead they just talking at conferences, burning investors money on air travel. The need in such financing as they claimed at start is unreasonable. It seems they just relax and drink beverages. People, you really think ukrainian government have interest in blockchain project? Open your eyes, they have interest only in trading coal with occupied pro-russian donbas teritory.
I don't wont to abandon the project (or my money) yet but you have some points:
- what with the unsold tokens because burning them would increase the value of the project
- who is working on development while the team travels the world to all these conferences?
- are there offical agreements between PROPY and the Ukrainian government?
Hello! I'm Akehurst from the Propy team. Here are some of my point of view on certain opinions.
Due the difference in nature between other IT and crypto-based project which can be fully open through github,
Real Estate has to be focused on Legislation and partnerships, legal issues. This is why the CEO and the marketers are
traveling conference to conference for the people that aren't familiar with crypto - especially large Real Estate firms - to recognize Propy.
So it would be a big understatement to say 'we're burning investors money'
The Propy project itself was planned before 2015 and has been working hard ever since. The MOU and the first transaction with the
Ukrainian government was a part of the beta phase, Proving that our system is legit. We're currently talking with the US, Dubai and China.
And also firms from UK is in the picture and the gov't officials in South Korea also took notice.
1. Simply burning the tokens not in circulation does not increase the 'value' of the project. It might temporarily boost up the price
of the token due to the hype and market logic, but it wouldn't do anything more than harm the project - as seen in the case of Trigger.
the distribution of the tokens was planned at the beginning of the project and all of them have specific purposes.
If we suddenly change that blueprint, it might even invoke to other investors that the team isn't confident about their decision.
But about the unsold 20mil in the tokensale have other plans undecided as of now. Stay tuned.
2. The whole team isn't on the move. The dev team lead by our CTO Alex, is working on the development part, and the CEO Natalie
and the marketing team is on the move for the conferences. The latest was the Devcon 3 at Cancun, and next stop will be Dubai WEF.
3. Official MOU with Ukrania was announced prior ICO. We currently have MOU with Chinese Real Estate fiem LeJu and have been
talking with Vermont, California, and Dubai for quite some time. These things take lots of time and effort.
If you have any other questions join our TL channel there'll be a CM 24/7 if you need them.
https://t.me/propyor you could just join in our news channel for announcements only
https://t.me/propy_news
