PRE-ICO: X Real Estate Development (XRED)
X Real Estate Development (XRED): The First cryptocurrency fund for real estate development and investment. Website Link
Background:
A groundbreaking venture for Cryptocurrency Investors to join XRED in our revolutionary new way to access global investment in Real Estate property development and generate income with far less risk with added security.
By using Blockchain technology we can reduce the cost and increase the speed of transactions with unsurpassed protection of personal data, allowing you to enter the World of real estate development without having to leave your home or workplace.
As you can see from the graph below, the average property selling price in London has had consistent growth since 1995, despite a short term Banking Crisis in 2008. The property market has continued its upward trend making XRED a solid investment opportunity.
Source: http://www.home.co.uk/guides/house_prices_report.htm?location=london&all=1
This fact, together with a strategically managed development and investment fund, underlines the fundamentals of our business plan.
Roadmap:
•June 1 — beginning of work on the project, development of the idea and possibility of implementation
•July 1 — beginning of work on MVP (the minimum working version of the product)
•August 10 — announcement, preparation for pre-sale and ICO
•October 16— end of the pre-sale
•November 1 — ICO
•1st quarter of 2018 — fund’s participation in the first development begins.
•4th quarter of 2018 — established presence in 2 more countries.
Team:
Kevin Hollands is the CEO of XRED and KGH Construction. He is an established property developer with over 30 years of practical experience. Past projects completed by KGH Construction have turned medium value housing into luxury, high value real estate with superior quality renovations and skillful financial insights. Kevin will put part of his personal residential portfolio, totalling 12 apartments, into the fund, generating a gross income of $100,000 PA. This will ensure that the XRED fund starts with an income.
The CTO, Konstantin Viktorov, has 12 years of experience in IT, building high-load real-time systems for major companies such as Aeroflot, TELE2, Velcom, Upwork and Toptal. He has profound skills in blockchain technologies and cybersecurity and holds a Bachelor’s degree in Physics.
The Property Lawyer/Consultant, John Llewelyn. A highly experienced, results orientated property lawyer with over 20 years in practice. John has a proven track record of providing exemplary levels of service and expertise, specialising in highly technical property transactions. Having partner level experience in private practice as well as board level experience in property companies, he brings great understanding of the property business world and has been a trusted advisor, providing solid advice in the area for many years.
The Chartered Quantity Surveyor & Building Cost Consultant, Richard Barnes, has been practising for over 20 years working in Commercial, Residential, Retail and Leisure Sectors. Regulated by the Royal Institute of Chartered Surveyors. Richard will carry out initial feasibility studies, give construction cost advice, prepare bills of quantities, cost plans and budget costings. He will also advise on specification and control tenders for works and contract advice and will also be actively involved with project management.
All members can be found at https://xred.co
Opportunities:
Once the ICO has been funded, XRED will purchase its initial site(s) in London to be developed for sale. We will implement Blockchain technology to remove unnecessary and expensive chains of links, leaving greater profits to distribute to our investors through our token system. By carrying out construction and development, we aim to achieve between 15–20% gross profit on each site. The returns to investors will be 75% of all profits.
Key benefits:
Crowdsale will be launched from two multisig wallets (first wallet for developers, second for community)
Escrow agreement on 1 500 000 USD, If this target amount is not reached by the pre-ICO and the ICO all funds will be returned
Cliff period for founders and pre-ICO members will be 3 months, vested 6 months.
Annual dividend for token holders — CEO assets will already generate $100 000 PA
Voting and opportunity to influence decisions as token holder
XRED Tokens:
XRED tokens are smart contracts based on Ethereum and they determine your decision-making power by using your voting rights. The initial number of tokens is set at 65,000,000, subject to potential change based on the current market conditions. The purchase price of one token is set at $1 (USD).
•Among users: 86%;
•Purchased by the fund XRED: 12%;
•Incentive campaign: 2%;
Presale and ICO:
The XRED presale will begin on September 6th 2017.
The ICO begins on November 1st 2017 and will close on the 15th December 2017. The purchase of tokens during the pre-sale period have a bonus of +40% tokens, the bonus token percentage amount decreases gradually to 0% in the 5th week. A generous bounty program is also available which you can view on the White Paper. For further information please visit our website at https://xred.co/
Bonuses:
•Pre-sale period: + 40% of bonus tokens;
•1st day: + 25% of bonus tokens;
•2–7 days: + 20% of bonus tokens;
•2nd week: + 15% of bonus tokens;
•3rd week: + 10% of bonus tokens;
•4th week: + 5% of bonus tokens;
•5th week: 0% of bonus tokens.
Bounty:
A generous bounty program is also available which you can view on the White Paper. For further information please visit our website at https://xred.co
This ICO will redefine the future of the real estate industry and bring ease of investment, security and lucrative returns to the token holders.
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