WHAT IS REAL PROPERTY TOKEN?
We are a Real Estate based platform designed to facilitate real property transactions whilst at the same time allowing token holders to participate in Socially Responsible Low Cost Housing projects, Crypto Mining, APP Developments and a charity. Our platform encourages participants to create their own Peer 2 Peer projects that will be available for Token Holders. We are also conducting Roadshows to educate all participants in real estate transactions and will also make available workshops for the general public to share our crypto knowledge whilst at the same time building our brand.
WHY REAL ESTATE AND WHAT ARE YOU DOING DIFFERENTLY?
We choose real estate because we see massive inefficiencies in the sector. From listing through to settlement there is an enormous amount of control from 3rd parties and not a lot of control left in the hands of the property owner. We believe that smart contracts have the ability to change this and place the control back in the hands of the people who have the vested interest in the property, and not those that are profiting from the transaction. It is going to take more than one company to completely change the way real estate is transacted and our point of difference is that apart from creating revenue from day one, we provide a platform to allow Peer 2 Peer Projects completely devised and created by the Token Holders therefore using their tokens to profit in each project.
YOU MENTION REVENUE FROM DAY ONE, HOW WILL YOU ACHIEVE THIS?
One of the key areas that we feel cryptocurrencies have challenges is that they do not create enough revenue early on in their roadmap. All aspects of our business generates revenue to ensure we cover management and development costs to ensure that our token is around for the long term, because when transacting in property via cryptocurrencies becomes the norm there is going to be huge potential for any company in this space to capitalize on it. We will achieve our revenue from roadshows via cryptocurrency training, advertising on our listing app, property developments and crypto mining.
WHAT IS THE GOAL OF RPT
Our goal is to create a platform allowing participants to conduct property transactions using cryptocurrencies. Part of the process in the creation of this platform is to educate people about the benefits of cryptocurrency and how smart contracts will change the way real estate transactions are completed. We understand that it is going to be a huge task to alter the current transaction processes, however to be part of that change will be both extremely exciting and profitable.
WHAT EXACTLY IS THE CROWD DECIDE APP
To ensure we operate in a completely decentralised manner we have decided to allow token holders, or anyone with a vested interest in the business, to assist with various decisions the company has to make. Think of it like a voting APP, the company is trying to decide on 2 separate projects to offer our token holders.
We know we can’t do both at the same time, so we ask them to decide which project they would like to take on first. I know if I had a large amount of tokens with a company I would want to make sure I had some input.
WHAT DO YOU MEAN BY SOCIALLY RESPONSIBLE HOUSING PROJECTS
Well, our research uncovered opportunities to develop small projects of low cost housing in areas where local business or governments are not currently providing them. We are not talking about large scale housing, we are talking about providing a home to someone at a cost that is affordable, whilst also allowing token holders to profit from the project. We like to think of it as a win-win situation.
HOW WILL PEER 2 PEER PROJECTS WORK
This exciting part of our platform allows participants to create their own project which is made available to Token Holders. The project is simply uploaded to the platform and anybody using the platform can participate in the project using their tokens. We do have a bias towards low cost housing, however we understand the ‘Crowd’ will be the decider on which projects they feel are the most beneficial.
Our role will be to facilitate the entire process and ensure all parties in the transaction are protected. This service would be almost impossible using fiat, however with smart contracts and the blockchain the benefits large companies have had for years are now available to everyone, and for a fraction of the cost.
WHAT ARE SPECIAL USE PROJECT TOKENS
For each Peer 2 Peer project undertaken on the platform a token will be created for that project only. This ensures each project is secure and separate from other projects on the platform and allows participants more flexibility should they wish to transfer their participation to others. ASs each project is completed the Special Use Project Token will be exchanged for RPT tokens and the Token Holder will either convert to fiat or use in
HOW DO YOU SEE REGULATION
Regulation inside the real estate sector is huge and complicated, but also very important. Smart contracts are going to change how everything in real estate is transacted and we want to be a part of helping rewrite the regulations as they will definitely need rewriting. Cross border ownership is just one issue, taxation is another, and as it becomes less difficult to purchase property via the blockchain RPT wants to be involved in how cryptocurrency is regulated in regard to property transactions. We have compliance manager and have partnered with the best legal team and we are actively seeking opportunities to work with other cryptocurrency companies specializing in real estate to help mould the new regulations.
WHERE CAN WE STORE OUR TOKENS AFTER THE TOKENSALE
Real Property Tokens are an ERC20 standard token so they may be stored on various Ethereum based wallets, such as Mist, Parity, MyEtherWallet or MetaMask.
WHAT WILL HAPPEN TO UNSOLD TOKENS
We aim to distribute 35 million tokens during the Tokensale, however if we do not reach this target we will be giving the tokens to token holders when they participate in projects. For example 10% of a project may be funded using unsold tokens and when the project is completed the token holders will share the additional proceeds from the 10% of the tokens that were used, thus increasing their token value in each project until all the tokens are distributed.
HOW MANY WILL BE AVAILABLE AND WILL ANY MORE EVER BE CREATED
There are a total of 100 million tokens and there will be no more created. 65 million tokens will be locked up until Jan 10th 2021.