I just want to ask if it is workable to issue a token that will serve as stocks for building an apartment. Is it feasible? We say it can take up to 6 years for ROI.
We have vacant land that I want to build apartments on.
Any thoughts?
I'm just really having a hard time getting over it that they're just sitting there not making profits.
Please discuss with me if you are interested.
I will provide more info on this thread.
Issuing a token is a complex one because you then have to start getting to design a website, write a whitepaper, face the cost of proving your legitimacy, forming a team, followed by the pressure on you by buyers of the tokens to list on exchange sites for them to trade in which at the end, you get dragged into what you never set out in the first place.
I have actually seen a business model such as this though where there are different categories of investment that can be made to the real estate project. You can decide to own a flat or co-own a flat with other investors depending on your financial capability among other factors to consider.
However, to pull off this idea, I would suggest you start from your immediate environment because getting people to trust you with money is serious work after which when you can then think of expansion which can be looking at a global market and that is where the community comes in.
