Are you working on any current partnerships? Can you see working with government contracts?
Yes, we were working on a number of partnerships with different institutions. We have however slowed down on partnerships following a fall out with IBM. We presented our innovation to IBM in Nairobi, Kenya, got a partnership invitation email and we were hoping to partner. They kept quiet and never replied to our emails. We were later shocked when the IBM employees and the Land LayBy team met during an information session organised by the Architectural Associaton of Kenya on issues touching on the blockchain technology and real estate. IBM employees denied that a blockchain platform ever existed in Kenya and made sure they manipulated the presentation. Land LayBy Kenya was never given a chance to engage the Architects despite being invited as thought leaders in blockchain innovation.
We have managed to secure strategic partners like the Strathmore College in Kenya
http://www.strathmore.edu/news/land-layby-technologies-partners-with-strathmore-university-kenya/Land LayBy Listing is a project to help reduce fraud in the information about real estate. I think, in order to be accurate and up-to-date, does the project need to cooperate with land management agencies?
Our product is cleverly designed to intentionally avoid direct interaction with government officials or the government. One needs to grow and have lived in Africa to understand the ferocity of brides, corruption and land graft. We will build an independent ecosystem that relied on the community.
I think crypto space needs more projects like Harambee, which try to make cryptos more useful, understandable and connected to real life.
Thank you for your comments.
Land Layby Blockchain is a trusted shared distributed ledger for recording land and conveyance data that can never be altered, corrupted, forged or replicated in error. A block consists of all details about a certain piece of land.
True, that's correct.
According to many international observers like the World Bank, IMF, and the United Nations Development Agency, Africa is becoming a key part of investors’ global portfolio. The exposure blockchain technology gives to an investor combined with that promise, sets Africa apart in the application and development of blockchain.
Correct, Land LayBy Listing, securing land rights through blockchain to facilitate sustainable development sums it all !
Reserved for producer = 262.5M @ 0.7 USD --> 183.75M USD
Presale token = 200M @ 0.7 USD --> 140M USD
Main sale events = 300M @ 0.7 USD --> 210M USD
Team reserve = 237.5M @ 0.7 USD --> 166.25M USD
TOTAL token amount 1B = 700M USD
You got your tokenomics wrong..
Questions:
Why do you need so much money?
Do you have any financial plan we can look out?
Thanks!
The financials are available but private. One thing you should understand is that we have a ready product and we are selling the solution through the ICO Platform. You will agree , this ICO is quite different from the rest, we don't just have an idea, we have implemented the idea and are selling the solution through ICO. By buying the utility keys, you are in essence buying access to the platform to either list your blocks of land to the blockchain, or access the blockchain data.
Whether we sell all tokens or none during the ICO is immaterial because the Land LayBy Listing project will still go on. We mean, even if we sold ZERO Harambee tokens during the ICO, the LLL will still continue and we will sell our solution through other outlets.
The Harambee Tokens reserved for the producers are basically to incentivise the advocates, surveyors, financial institutions to record and post credible data to the blockchain. This LLL is like uber, it can be accessed by anyone in any part of the world, as long as there is a user (land buyer/landowner), producer ( advocate/surveyor) just like uber app required a rider and driver for it to operate in different jurisdictions.
Furthermore the process of mapping communal land and almost 90% of the land in Africa which is unregistered will involve incentivising the advocates, surveyors and many stakeholders. That's a big budget if you consider all the African countries not to mention other continents that are still developing and share the same land issues as Africa.
Many organisations like World Bank, UNEP, WHO will find value in our social impact project and we don't rule out the possibility of extra funding from these institutions.
The HBRE Tokens can be used to access certain advertising privileges and/or services for producers on the LLL (Finance agents, land sellers, individual projects, SACCOs and other land selling companies).
I am really looking forward to what the future holds for this project. Their whitepaper and roadmap are informative and precise. I believe this project has potential to do well.
Thank for believing in us.
Real estate transactions engage multidisciplinary teams whose red tape prolongs the completion of transactions.
Blockchain records will certainly change this, since Blockchain renders land data as realtime information.
Is there any restriction period for the HBRE Token?
Yes, there are and here's excerpts from the whitepaper . . In order to control and manage the ecosystem, all memberships acquired during presale will be subjected to some form of restrictions. Rules for certain memberships purchased at bonus rates will be subject to a special restrictions schedule to support a stable ecosystem. The restriction period commences on the date of distribution, not on the date of purchase. Distribution is scheduled for a month after the ICO/TDE. Participants buying memberships at a bonus rate of 9:1 will have access to 15 per cent of their total purchase after an initial restrictions period of 120 days following distribution. The next 25 percent will be restricted for an additional 180 days and a further 60 percent will be restricted for an additional 120 days. Participants buying memberships at bonus rate of 19:1 will have access to 25 per cent of their total purchase after an initial restriction period of 120 days following distribution. The other 25 per cent will be restricted for an additional 180 days and a further 50 percent will be restricted for an additional 120 days. Participants buying memberships at a bonus rate of 39:1 will have access to 35 per cent of their total purchase after an initial restriction period of 120 days following distribution. The other 65 percent will be restricted for an additional 150 days. All the tokens reserved for the employees will be restricted as follows: employees and business partners will have access to five percent of their total allocated[11] tokens (other than what they have purchased) after an initial vesting period of 120 days following distribution. Another five percent will be restricted for an additional 150 days and the next 10 percent will be restricted for a further 120 days. The remaining 80 percent will be restricted for additional 300 days and only accessible provided the employee or the partner worked for the project for a continuous and uninterrupted period of two years excluding the normal annual leave arrangements.
