[ANN][ICO]Relest - first real estate rental AUCTION platform, 25 November

[Voltaje]

Its not so pertinent to have a rating system, but maybe this could be a future feature for the platform. But need some fix in comparaison of airbnb system or something like that. I'm impatient to see the platform work.

A rating system will allow to determine if the buyer or seller has some reputation, it will help clients and sellers alike to decide if they should do business with one another, and if we also put ratings for the estates, that will help buyers too to make choices.

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[Islapdonkey]

at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords

I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.

So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.

A rating system would be ideal in order to discourage such incidence. This would be beneficial to both tenants and landlords respectively.

Really dont think a rating system will work for tenants, maybe for landlords. Let's say you rent a place, if you rent a place its for at least one year. So after 4 years you only have 4 ratings... if 1 is bad for a small reason landlords will not pick him because of just 1 bad rating in 4 years?

Its better only have rating system for landlords.

No both should have a rating system. am sure the platform will be programmed to reflect/account for minuscule problems. Also if they utilize id verification for registration, should curb a bit on the creation of multiple profile.

[Rigorous]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

[Islapdonkey]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

[PS92]

Are you guys still planning in doing this ICO with all this FUD?
Really hope there will be investors investing in this great platform. I will participate but I'm not a big investor

Very curious and excited about this.
Keep it up!

Can you explain what FUD?

[ParRus]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

now is the time to invest, panic always breeds  decline - what is happening now is a temporary phenomenon.
according to the forecasts of the experts of the cryptvalut will only grow, so it's better time.. always need to think not like everyone else - and not given to panic

[viljy]

Landlord can choose a tenant.
Let's say a tenant wants to rent an apartment for $ 1000 and decides to take part in an auction for 4 apartments.

Im little bit confused with this image.
How can 3 tenants win an auction with 1000$? Isnt the point of auctions that there's just one winner?

Let me explanin this to you: It is tenant (number 3) who wins 3 auctions. now, because he won e auctions he can choose one. or maybe take two of them or all 3? would seem legit.

Why tenant to win 3 apartments? He is aimed at one that suits him the most. This is the meaning of the auction. In addition to the price, there are other criteria. Well, suppose all three apartments in one house, and the tenant won all three auctions. He chose one apartment. Then two landlords were left without a tenant. What will they do? To reduce the starting price of the following trades?
That is, it turns out that the landlord can lose time if his auction takes place, but the tenant refuses.

[Rigorous]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

now is the time to invest, panic always breeds  decline - what is happening now is a temporary phenomenon.
according to the forecasts of the experts of the cryptvalut will only grow, so it's better time.. always need to think not like everyone else - and not given to panic

Today there is a rumor going around that China is going to cut off all Bitcoin traffic to abroad, even going so far as using Deep Packet Inspection.

https://cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

If that's true Chinese can't even secretly take part in the Relest ICO.

[bitcoin-shark]

https://icobench.com/ico/relest
4.8 - wow, realy cool rating!

This is the highest rating at this moment https://icobench.com/icos?sort=rating-desc

That's great. Relest is on the right path inclusing everyone who believe in this project.

wow very high rating so that means the people belive in this ico and project have solid bases...

Its not that many people believe in it but it has a unique features and something good to offer to investors that is why it got a good rating.

that all a good ico needs have some unique features and attract the interest of the investors...

[PS92]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

now is the time to invest, panic always breeds  decline - what is happening now is a temporary phenomenon.
according to the forecasts of the experts of the cryptvalut will only grow, so it's better time.. always need to think not like everyone else - and not given to panic

When there's blood in the streets, BUY!

[cantdecide]

at the first look 2 things are coming into my mind if i was a landlord. one positive thing and one negative thing:
the positive thing first: because relest is auction based landlord will charge maybe higher fees than on a "free market"
but
the negative thing is that the landlord has less options to choose who should occupancy his estate. this might frighten a few landlords

I assume landlord will still be able to set some rules before auction who can rent his place. Like pets, kids, no smoking, age barrier and so on. So i guess if this demands wont be met, he can still turn down the highest bid and go for the second one.  

There are rules for this (; ... When someone wins the auction, his or her informations will be send to the landlord. Than they can visit the flat or the house and in this context the landlord can still say no.

So this means the auction is useless because at the end its the owners who get to decide whether he will rent his property or not, its a contradiction to the auction agreement.

I think this is a bit difficult. As I understand it before landlords can maybe say "no", but there is a rating system on the platform.

Let's say there is an tenant who wants to rent a flat of the landlord. He is bidding and wins the auction, which he got shown as ideal, because he has no pets, no kids and is non smoker for example, exactly what the landlord has written what he searchs. Well they meet and the landlord just say no, because he don't "like" the tenant. Well, then he can give a bad rating for this. If there are too many bad ratings, he has to face consequences.

A rating system would be ideal in order to discourage such incidence. This would be beneficial to both tenants and landlords respectively.

Really dont think a rating system will work for tenants, maybe for landlords. Let's say you rent a place, if you rent a place its for at least one year. So after 4 years you only have 4 ratings... if 1 is bad for a small reason landlords will not pick him because of just 1 bad rating in 4 years?

Its better only have rating system for landlords.

Yes, maybe the tenant can create many accounts for that.
And also this rating thing can't prevent it 100% accurate.

They ll have a rating system on the platform? For tenant and landlord?

Yes, thats what dev said before

Of course it's true that there is always a way to trick the ratings but it's harder this way and not everyone is tricky enough, most people are also too lazy/too honest. So you can't avoid it 100% but making it hard as possible is the way.

[ParRus]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

now is the time to invest, panic always breeds  decline - what is happening now is a temporary phenomenon.
according to the forecasts of the experts of the cryptvalut will only grow, so it's better time.. always need to think not like everyone else - and not given to panic

Today there is a rumor going around that China is going to cut off all Bitcoin traffic to abroad, even going so far as using Deep Packet Inspection.

https://cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

If that's true Chinese can't even secretly take part in the Relest ICO.

Sure the market will go up again, China is less then 15% of the market but people are just fearing because a lot of them are new in this world.
will pass a little time and everything will be fine

[Voltaje]

Government can't technically ban ICO because cryptocurrencies are decentralized. Payments can't be blocked so they can't be banned

Governments can't stop people from paying, but apparently they can sue the business behind the ICO violating their laws.

A lot of previous ICOs didn’t take the necessary steps to “deny” US citizens from investing. All of those projects and their teams are at the mercy of the SEC for the time being. Violating US securities laws is not something anyone wants to deal with. Additionally, these laws can also be enforced upon non-US companies, which makes it even more important to take countermeasures.

https://themerkle.com/why-cant-us-citizens-participate-in-cryptocurrency-icos/

Though the market is currently taking a beating, this bans will inadvertently lead to a reduction in scam ICOs, things were/ actually are getting out of control lately.

now is the time to invest, panic always breeds  decline - what is happening now is a temporary phenomenon.
according to the forecasts of the experts of the cryptvalut will only grow, so it's better time.. always need to think not like everyone else - and not given to panic

What is happening is the normal behaviour of this new technology and new form of economy, it will be under attack by some governments because they can't control it, but eventually a compromise will appears, some countries are already adopting blockchain and thinking about regulating it, the countries actually banning will be the last ones to adopt, and they will regret it for not support it in the first place; for now this problem won't affect ICOs herein Europe, and won't stop people from participating in them, including relest, we are ok.

[FIEX]

Today there is a rumor going around that China is going to cut off all Bitcoin traffic to abroad, even going so far as using Deep Packet Inspection.

https://cointelegraph.com/news/rumors-or-facts-china-reportedly-moves-to-block-access-to-all-major-bitcoin-exchanges

If that's true Chinese can't even secretly take part in the Relest ICO.

Just so much FUD around China these days.
Like you say: rumors rumors rumors

Some people just like to make as much noise as possible to manipulate the market!

[ParRus]

I look at the bonuses on the day of start ICO, in the first 2 hours it will be very profitably,
in comparison with other real estate ICO usually it's not more than 30%  

The first 2 hours: 1.5 REST = 0.001 ETH (+50%)
The 1st day: 1.3 REST = 0.001 ETH (+30%)
Days 2-7: 1.15 REST = 0.001 ETH (+15%)
Days 8-14: 1 REST = 0.001 ETH

[alphashotgun]

I look at the bonuses on the day of start ICO, in the first 2 hours it will be very profitably,
in comparison with other real estate ICO usually it's not more than 30%  

The first 2 hours: 1.5 REST = 0.001 ETH (+50%)
The 1st day: 1.3 REST = 0.001 ETH (+30%)
Days 2-7: 1.15 REST = 0.001 ETH (+15%)
Days 8-14: 1 REST = 0.001 ETH

mmmmmmhhhhhhh 50% bonus look great - worth getting it, definetly

[magisterr]

hm.. first 2 hours will be more attractive for investors. Only 1 day left to starts ICO.. I hope dont miss this bonus 

[PS92]

I look at the bonuses on the day of start ICO, in the first 2 hours it will be very profitably,
in comparison with other real estate ICO usually it's not more than 30%  

The first 2 hours: 1.5 REST = 0.001 ETH (+50%)
The 1st day: 1.3 REST = 0.001 ETH (+30%)
Days 2-7: 1.15 REST = 0.001 ETH (+15%)
Days 8-14: 1 REST = 0.001 ETH

mmmmmmhhhhhhh 50% bonus look great - worth getting it, definetly

Old school (if you can call 1 year ago oldschool  ) ico powerhour bonusses. I like them!

[Rigorous]

I look at the bonuses on the day of start ICO, in the first 2 hours it will be very profitably,
in comparison with other real estate ICO usually it's not more than 30%  

The first 2 hours: 1.5 REST = 0.001 ETH (+50%)
The 1st day: 1.3 REST = 0.001 ETH (+30%)
Days 2-7: 1.15 REST = 0.001 ETH (+15%)
Days 8-14: 1 REST = 0.001 ETH

Cool, but also a downside of such a progression. Big chance first day will have very high activity, but the rest of the 2 weeks will be quiet. Not sure how you are going to keep momentum.

[tiger5056]

crowd sale graph on website shows 12% reserve. what is that going to e used for?