Embargo 😶 Lifted! Introducing Kexcoin: A Simple Profit Opportunity Using Blockchain And Real Estate
On today's episode of The Cryptoverse:
The Embargo Has Finally Been Lifted, Which Means I Can Introduce You To Kexcoin, A Simple Profit Opportunity Using Cryptocurrency And Real Estate.
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Interesting time with REAL being launched too.
I love your plan for this project and will almost certainly be investing in it with at least some of my position! Thanks for the heads up!
I Resteemed your post and I also created my own post about this project to help spread the word!
Upcoming ICO: KexCoin, A Blockchain Enabled Property Project For All!
https://steemit.com/cryptocurrency/@budz82/upcoming-ico-kexcoin-a-blockchain-enabled-property-project-for-all
Ok, so this is a one time deal? After the buy back you will be done? Do you plan to do it again if you are successful?
With the housing markets around the world falling on hard times you might really make out. The other side, if your timing is off you could find yourself in a pinch. It's very interesting!
We want to focus on this first project but yes in theory we could repeat this process again and again.
Kexgill have been in business for over 30 years so they have dealt with all manner of economic situations.
It sounds great! So will this be open to the US or will we have to use a back door getting it second hand from the markets like other ICOs?
Very interesting project, Chris! Best wishes to you with this, it definitely looks promising, and certainly a unique idea and use-case. Can you comment on the choice of using the Bitshares blockchain rather than ERC-20/Ethereum?
Hi @mlstephens,
BitShares can process thousands of transactions per second. There will be no blockchains jams with this ICO. Fees are also tiny.
BitShares has a built in exchange, meaning there will be no waiting around or complicated process to claim your tokens. It all happens automatically, check out the step by step guide on the website.
Because BitShares has a built in exchange the tokens will immediately have a place you can trade them. If you want to sell your coins before the buy back day, you can just sell them to someone else right on the BitShares exchange!
Excellent, thanks for the detailed answer @marketingmonk
Ya, any input you can provide on this Chris would be appreciated as I also wonder this as well.
Hi Chris, this is a great idea. The project looks promising, I need to read all the info on the website. As a real state investor myself, I have many questions. I'm sure this will be very successful.
Look forward to your questions sir :)
The space of Real estate and Blockchains sounds really interesting and intriguing, I was buffed before as each time I was doing research on the subject , I could get wind of projects in Africa or Mexico. Do you know of anything european ?
Yes, Kexcoin is a project coming out of the UK :)
Very interesting ICO! I like the funding concept and the fact that this project has a literal connection to bricks and mortar! Even though this is a new and exciting means of raising capital, I hope you can appreciate that as a potential investor, I'm still interested in old fashioned due diligence. As a result, I have a few questions:
Let's say, heaven forbid, the Kexgill Group goes bankrupt. What claim, if any, do the holders of the Kexcoin have?
The white paper claims an expected gross yield on purchased properties to be between 8 and 12%. First off is this an annual rate?
Is the 8 to 12% gross yield quoted in the white paper analogous to "Capitalization Rate" as defined in the following link?
http://www.investopedia.com/terms/c/capitalizationrate.asp
The whitepaper section discussing the coin buybacks makes the statement "Auditing Procedures will apply". Can this be expanded on please? Who will be performing the audit and are those procedures available for review?
What happens if the Kexgill group decides to sell the underlying properties? To whom do the proceeds of the sale go to and how would they be distributed?
Again, I find this ICO particularly interesting especially if the coin is legally backed by the property (meaning the coin holders have a legal claim to the proceeds that the properties generate as well as a legal claim to the property itself should the Kexgill group fail to meet their obligations). As such, If this is the case it could be an exciting new kind of hybrid debt/equity instrument that allows the investor to "own" a portion of a real estate portfolio without retaining ownership in the operating company. To the investor, It's like a debt instrument in that there is a legal claim to the collateral (the property) and regular "interest" payment. But it's like an equity investment also because the coin holder could participate in the capital gains of the underlying property and increasing cash flow from "dividend reinvestment". The operating company benefits because capital can be raised and serviced at a lower cost while retaining operating flexibility to respond more nimbly to market opportunities.
I look forward to your answers to these questions.
BTW, Chris - thank you for your diligence with the daily news and commentary! I've grown accustom to my "regular dose" and find it essential in my attempts to keep up with what's going on in the crypto world! Great Job!
its time of kexcoin hahaha
You'll have to wait your turn, sir.
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