March Updatehttps://medium.com/@real_token/march-update-63eada97395cWe want to begin our update by thanking the hundreds of users that have sent us feedback on our released Beta platform. We are diggesting and prioritizing the ideas and feedback and already working on them.
We also want to share our current news:
The good news
We are happy to announce that we are now ready in terms of technology, team and planning to launch our business to market. We would be able to comply with the updated roadmap we published in November.
The not-so-good news
Unfortunately there is an obstacle to our launch at the moment: Compliance & Regulation environment and requirements.
As you might have read, regulation and compliance in the cryptobusiness sector has changed a lot since last summer, and it is continuously evolving. We have mentioned in past communications that we did not expect this to take so long. Our various legal advisors have also been caught in middle of this evolving environment and have not been able to provide us with a clear guidance over the last months.
We believe it is wise to hold our launch until we have a clear compliant offering as we are building a long term business. As a consequence, we have decided to apply for a Financial “Dealing in Securities” License. Unfortunately, licensing process can take up to 3–4 months although we will try to speed the process. Once we have the license we will have a robust business and will be able to grow.
In the meantime we will work improving our product and technology, building a great property investment pipeline and paying more attention to our Token and its liquidity.
We also hear your concerns on the lack of liquidity on exchanges. One of the main reasons is that our token is not listed in a high volume exchange. We will continue working on that although please note it is beyond our control.
We will work with a Market Making company to improve our liquidity.
Finally, we would like to remind you that we share your frustration on the delay, as we are the biggest Real token holder, this is our full time activity, and really want our platform and business to start operations as soon as possible.
Again, thanks for your trust and patience. We have enough resources to make this into a big success and despite difficulties we are aligned, confident and positive that our concept combining crypto and real estate investing is a winner.
