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Author Topic: [ANN] Royal Kingdom Enterprise ICO  (Read 8456 times)
Livebetcoin
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October 17, 2017, 01:03:22 AM
 #181

Good to see on the exchanges hopefully to the moon
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October 17, 2017, 11:02:16 PM
 #182

Good to see on the exchanges hopefully to the moon

I hope so


I dont know about moon, but its way undervalued. Has a real working company behind it, they already have partnerships announced and their profit sharing arrangement commencing in 2 mths to token holders is innovative. Definitely one to keep watching, a personal favourite of mine and glad to be a part of it even in some small way.

Be proud Istri, I'm trying Wink

Btc: 16P9EwMg6TZmpPDNUvuViMEZfE9f3fpAbV
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October 18, 2017, 02:21:14 AM
 #183

ill hold mine for a while no need to rush to sell yet
bigbrotherbit
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October 18, 2017, 07:56:36 AM
 #184

ill hold mine for a while no need to rush to sell yet

so do i,
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October 21, 2017, 08:24:02 AM
 #185

increased marketing is essential for this project, dev. should try add more exchange.
saoman
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October 21, 2017, 08:43:37 PM
 #186

Something i don't understand is this project is the 80% held by the team.. What's the purpose of these tokens? because, as it is written in the whitepaper, 50% of the benefits of the society will be used to buy token each month, driving the price up, but the 80% hold by the team (which is huge amount) will be on the markets some day or another no? so they will buy their own tokens? makes no sense for me.. if someone can clear this Smiley
RoyalKingdomEnterprise
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October 21, 2017, 09:38:37 PM
 #187

Something i don't understand is this project is the 80% held by the team.. What's the purpose of these tokens?
Please refer to this section on royalkingdomcoin.com:

Quote
The team is all in.

Many confuse ICO and crowdfunding. They forget that Initial Coin Offering was supposed to resemble Initial Public Offering, but in a crypto world. In IPO, a company goes public when it already has profits, and it sells some of the shares to investors in return for future dividends. Instead, some people crowd fund money just based on an idea, and just call it ICOs.

We are not stating that ICO and IPO are equal in a legal sense, but we followed the same philosophy: at the moment when our ICO started, we already were an established company, with projects, clients and sales. We have personally invested our money and time getting to this point, so we have dedicated only 18% of the supply for public. Knowing we have a large stake in this, you can be sure we will fight tooth and nail for the future of our company and RKC, as we already do. We are all in.



Quote
because, as it is written in the whitepaper, 50% of the benefits of the society will be used to buy token each month, driving the price up, but the 80% hold by the team (which is huge amount) will be on the markets some day or another no?
Dumping large amounts on the market would cause the price crashing + there wouldn't be a liquidity to sell all tokens for their potential price anyway. So this move wouldn't make any sense. Instead, the proper way to do it is how traditional companies always do it - sell it privately for the current price without moving them through the market, not affecting the price. We all know that C*Os of the most companies have large equities in their own company, but nobody worries that they might just dump their shares onto the market tomorrow and crash the stock.

Quote
so they will buy their own tokens? makes no sense for me.. if someone can clear this Smiley
The company will buy the tokens using the profit and then redistribute all bought tokens to all the holders proportionally. This is commonly known as "buy-back".

spinnycat
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October 21, 2017, 11:31:21 PM
 #188

Thanks for the update Royal Kingdom Enterprise, well said.

And everyone, just a reminder that Royal Kingdom posted not long ago on this very thread they have partnered ArabianChain Technology FZCO, a UAE-based venture to, among other things, the rollout of palmex, a new exchange. This is a great token to hold in my opinion due to its profit sharing arrangement and also as it has a real tangible business that is not focused on one outcome but many.

The price always mystifies me as to why its so low as RKE is going to become a good example of an ICO success story. Already its shown based on its own tommorrow exchange that it has staff with a great technical skillset, and its our funds from the Ico that have helped leapfrog their ventures so we have all helped in our own small way.

And before anyone accuses me of shilling my holdings of RKE are quite low, so if the price spiked i would not benefit much at all; but if I was fortunate enough to have 2K lying around that is the horse I would be betting on right now, so to speak.


Be proud Istri, I'm trying Wink

Btc: 16P9EwMg6TZmpPDNUvuViMEZfE9f3fpAbV
The Zah
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October 22, 2017, 03:31:44 PM
 #189

Thanks for the update Royal Kingdom Enterprise, well said.

And everyone, just a reminder that Royal Kingdom posted not long ago on this very thread they have partnered ArabianChain Technology FZCO, a UAE-based venture to, among other things, the rollout of palmex, a new exchange. This is a great token to hold in my opinion due to its profit sharing arrangement and also as it has a real tangible business that is not focused on one outcome but many.

The price always mystifies me as to why its so low as RKE is going to become a good example of an ICO success story. Already its shown based on its own tommorrow exchange that it has staff with a great technical skillset, and its our funds from the Ico that have helped leapfrog their ventures so we have all helped in our own small way.

And before anyone accuses me of shilling my holdings of RKE are quite low, so if the price spiked i would not benefit much at all; but if I was fortunate enough to have 2K lying around that is the horse I would be betting on right now, so to speak.



The price should def be much higher but the reason for that is they don't talk much about themselves and their ambitions. I've recently read an article in Arabic (yes i am Arab) about this coin and I'm really excited for the future. There's also other digital currency related news in the region that works in this project's favor. The common investor is uninformed because they're not sharing much on social media or their website. Also there's a stigma about everything Arab and Muslim related. I wish I can afford to hold more than 1000 but money is tight now.
I know it will reach $10. I see an Arab shikh dropping 10million on this over night. Why not, that's pocket change to them.
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