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RE: Kexcoin Financial Model - Demonstration / Mock Projections
At the end of the full document its reads "....this would give you a total fiat value of over 3.5 million in return for your 4000 or 1 bitcoin." Should this not bee 400 instead of 4000? I think it's just a typo and the math is still correct.
You may want to read another point of view (mine) before investing:
https://steemit.com/kexcoin/@ograf/kexcoin-ico-why-i-won-t-invest-should-you
Just keep in mind that according to the simulation Kexcoin will pay about $99 for each kexcoin over the 30 years of the project. In today's bitcoin price you will pay roughly $10 for each kexcoin at the ICO. Kexcoin will take 15 years to pay that back, so without even accounting for inflation the real value of your coins will be less that your purchase price for the next 15 years.
Of course you could still make money selling your coins on the market before then if you find someone willing to pay even more.
Ultimately (and this is according to Kexcoin ), under favorable market conditions and if they raise their $85M target, the total payout to coin holders will be around $991M over 30 years. Anytime you see the total market cap higher than that, it means the project is just another way to separate dumb investors from their money.
You have some very good arguments against this project. and it is weird we pay for the buildings but will only get half when they will be sold.
It is simply astonishing to me that you could honestly offer such a scheme. The norm in a capitalist society is that owners of capital lend it or entrust it with people that will make it fructify. The capital owners get a yield, usually take zero to moderate or even substantial risk on the capital itself. The people managing the money get salaries, or commission, often bonuses according to performance, a cut of the profit, or a mix of the above.
The fact that Kexcoin will take all your capital and only give you back half of the profits is just mind boggling. This is more like extortion than anything...
I've been working in the finance industry for 18 years, professionals find it more and more unacceptable that hedge fund managers can charge 2% of your capital per year and 20% of the returns. This is child's pocket change compared to Kexcoin's model. They take 100% of the capital and 50% of the profits!!
In this case the scam is hidden behind the genuinely innovative blockchain technology. Le it be clear to investors, the blockchain aspect of this deal is not bringing them ANY value, it's only allowing Kexcoin to exploit the recent frenzy on the cryptocurrency market to raise a ton of money without any serious regulatory scrutiny. How much cash do you think they would get from professional investors if they had gone through the usual financial market avenues?
@ograf +1. I like the novelty of using a crypto token to facilitate real estate investments. I just wish the deal offered equal (or better) terms of what is commonly found in traditional markets.