[ANN][ICO] GENESIS - Investment in Real Estate

[Todaytech]

All the same, until the end it is not clear how the price and cost of the NES marker will be determined? They are distributed free of charge,  they will be ready to sell at the lowest price?

If I understand correctly, then this NES marker can be obtained for free. But not just, but after buying another project token. But how will they be issued, in what proportion is 1: 1?

[vensky]

Is this a good practice to buy real estate for tokens? Isn't it better to change ETH for the fiat money and make the things done in an appropriate way?

Well, you see, no one knows how this cryptomodel is going to work in real life, of course nobody want to trade their fiat money for unknown tokens, even in real estate projects

[veranika55]

All the same, until the end it is not clear how the price and cost of the NES marker will be determined? They are distributed free of charge,  they will be ready to sell at the lowest price?

Investors will get them free as a bonus for GES tokens. They will be used to pay for the services on Genesis platform. More services the higher price of GES tokens.

[veranika55]

Is this a good practice to buy real estate for tokens? Isn't it better to change ETH for the fiat money and make the things done in an appropriate way?

Well, you see, no one knows how this cryptomodel is going to work in real life, of course nobody want to trade their fiat money for unknown tokens, even in real estate projects

It will be an internal exchange GDEX where it will be possible to exchange the tokens for fiat money and cryptocurrency. They got licence for exchange.

[veranika55]

What is the meaning of NES tokens?

Using the NES markers, you can borrow from the company and do not overpay%

The company will give loans for the purchase of real estate?

The company gives loans for different purposes. As a guarantee of returen money are used GES tokens.

The presence of these tokens will be the guarantor for the return of the loan?

When the person return a loan he will get back his GES tokens.

[veranika55]

All the same, until the end it is not clear how the price and cost of the NES marker will be determined? They are distributed free of charge,  they will be ready to sell at the lowest price?

If I understand correctly, then this NES marker can be obtained for free. But not just, but after buying another project token. But how will they be issued, in what proportion is 1: 1?

Yes, for 1 bought GES token investor will receive 1 NES token.

[strongtree2505]

The work of the team is very impressive. keep it up

[Dimon8]

As I understand, only the project objects can be purchased for the GES coins on credit. But it is still not clear exactly where they will be located: the country, the city, the district, the sphere of activity. More specifics will only accelerate the process.

[Aleksandra 81]

Dear Genesis’ community,
At the 31st of March have ended the preliminary stage of registration in GENESIS. We are pleased to inform you that during this time more than 1,150 people have registered and every day this number is growing. Starting from the 1st of April, you can buy GES tokens through your personal accounts using BTC, BTH, ETH, ETC, LTC and XIN cryptocurrencies. In a few days it will be possible to pay by Bank transfer and using VISA and MASTERCARD.

Using in the future VISA and MASTERCARD, what kind of Fiats can you pay for the project tokens?

[Todaytech]

Dear Genesis’ community,
At the 31st of March have ended the preliminary stage of registration in GENESIS. We are pleased to inform you that during this time more than 1,150 people have registered and every day this number is growing. Starting from the 1st of April, you can buy GES tokens through your personal accounts using BTC, BTH, ETH, ETC, LTC and XIN cryptocurrencies. In a few days it will be possible to pay by Bank transfer and using VISA and MASTERCARD.

Using in the future VISA and MASTERCARD, what kind of Fiats can you pay for the project tokens?

If I'm not mistaken, you can buy tokens for the euro.

[berlinboy]

All the same, until the end it is not clear how the price and cost of the NES marker will be determined? They are distributed free of charge,  they will be ready to sell at the lowest price?

If I understand correctly, then this NES marker can be obtained for free. But not just, but after buying another project token. But how will they be issued, in what proportion is 1: 1?

Yes, for 1 bought GES token investor will receive 1 NES token.

When can NES token be listed on the stock exchanges?

[oficman]

As I understand, only the project objects can be purchased for the GES coins on credit. But it is still not clear exactly where they will be located: the country, the city, the district, the sphere of activity. More specifics will only accelerate the process.

That is, you can invest in tokens and buy property from the project? A loan for how long will it be issued?

[veranika55]

As I understand, only the project objects can be purchased for the GES coins on credit. But it is still not clear exactly where they will be located: the country, the city, the district, the sphere of activity. More specifics will only accelerate the process.

The project will be located in Estonia. The program sells GES tokens to buy real estate. If you do not want to sell tokens but you need money you can take a credit in Genesis using GES token like a guarantee.

[veranika55]

Dear Genesis’ community,
At the 31st of March have ended the preliminary stage of registration in GENESIS. We are pleased to inform you that during this time more than 1,150 people have registered and every day this number is growing. Starting from the 1st of April, you can buy GES tokens through your personal accounts using BTC, BTH, ETH, ETC, LTC and XIN cryptocurrencies. In a few days it will be possible to pay by Bank transfer and using VISA and MASTERCARD.

Using in the future VISA and MASTERCARD, what kind of Fiats can you pay for the project tokens?

All fiat payments are in Euro. The company is registered in Estonia, EU.

[veranika55]

As I understand, only the project objects can be purchased for the GES coins on credit. But it is still not clear exactly where they will be located: the country, the city, the district, the sphere of activity. More specifics will only accelerate the process.

That is, you can invest in tokens and buy property from the project? A loan for how long will it be issued?

You can not buy property from the project. Genesis buy real estate to rent it. When you pay for the loan you will get back you tokens GES. You are interested to pay the credit as soon as possible because you receive devidends on GES tokens but when you give tokens to Genesis like a guarantee you do not receive devidends. All devidens on tokens used like a guarantee is distributed among all investors.

[veranika55]

BONUS 7,5% ENDS IN 12 days 06 hours 20 minutes


SOLD TOKEN GES: 3,220,760.03
SOFT CAP: 3 000 000 EUR

[Yuzhne]

Tell me, but can I borrow a loan for the amount that I bought from you tokens?

[germsite]

That can also lead to problems if for example many of the stakeholders from the network come from one specific geographic area, like a specific country. They will always win the voting process against those coming from other countries.

In this case, it can as corporate governance. Individual ordinary holders will not decide anything.

You raise a very important issue. How can effective corporate governance be achieved in a decentralized system? Can it at all?  That's the thing. Real estate management is tough to do in a decentralized way I think.

The blockchain is done in order to store information and to make information about real estate more open and clear. The blockchain will not help to control the real estate. It will make the information transparent.

In other words token holders won't have a say when it comes to the decision making process which real estate should be bought and which should not?

The token holders will have the right to vote to choose one of several equal objects. They will have a chose.

And that is where it becomes interesting. I have doubts whether people from different regions can make correct decisions about real estate in other areas that they might not be familiar with.

[strongtree2505]

That can also lead to problems if for example many of the stakeholders from the network come from one specific geographic area, like a specific country. They will always win the voting process against those coming from other countries.

In this case, it can as corporate governance. Individual ordinary holders will not decide anything.

You raise a very important issue. How can effective corporate governance be achieved in a decentralized system? Can it at all?  That's the thing. Real estate management is tough to do in a decentralized way I think.

The blockchain is done in order to store information and to make information about real estate more open and clear. The blockchain will not help to control the real estate. It will make the information transparent.

In other words token holders won't have a say when it comes to the decision making process which real estate should be bought and which should not?

The token holders will have the right to vote to choose one of several equal objects. They will have a chose.

And that is where it becomes interesting. I have doubts whether people from different regions can make correct decisions about real estate in other areas that they might not be familiar with.

It seems to me that this should be done by professionals. Everyone must do what he knows

[Dimon8]

Sold GES at 3,000,000 euros, this amount is planned at this stage of the ICO? How will the developers of the project act if the planned sale of tokens is reduced?