[ANN][BITLANDGLOBAL]|ICO|Decentralized Land Registry

[Tabali_Tigi]

When Cadastrals will be sold to governments, it will be at a VERY different price than currently, as the available supply will be greatly reduced.

It sounds like the people of Ghana could really use something like this. I wish there was some way to compensate investors without charging them for it.

This is the long term goal of the system.  The point is that investors cannot LEGALLY be compensated for "crowdfunding" campaigns in the United States.  That is not legal, period.  So in a system where the long term goal is to allow contracts to be created between investors and developers, the individuals who own Cadastrals will be able to get clear ROI terms at that point in time.  Otherwise, the people who get in phase 1 will be guaranteed that in phase 2 their investment will be at least 3X value.  I would hope people that buy in phase 2 wouldn't sell at a loss.

I hope this clears up that investors WILL get compensated when the government of Ghana is able to back the smart contracts issued by developers.

Cheers!


Chris

[BitLandGlobal]

Limited to Ghana currently?

Currently, BitLand Ghana is home to the first instance of the BitLand Global operation and site of the pilot program. With that in mind, as we move forward and milestones are achieved, the plan is to set up instances other countries by systematically initiating, cooperating, educating, operating, consolidating, and then migrating. We are already engaging in communication with other countries looking to utilize what we have to offer now and in the future. BitLand will be able to operate, thrive, and provide solutions for countries including but not limited to those tabbed as developing/emerging. Land deed and title registration creation, execution, storage, and alteration within a transparent and efficient ecosystem is something that will be in heavy demand as legacy paper systems strive for modernization across the globe.

Elliot

[bitimaru]

Limited to Ghana currently?

[unreadPostsSinceLastVisit]

When Cadastrals will be sold to governments, it will be at a VERY different price than currently, as the available supply will be greatly reduced.

It sounds like the people of Ghana could really use something like this. I wish there was some way to compensate investors without charging them for it.

[Tabali_Tigi]

Can I buy Cadastrals using BTS?

Yes you can!


We will try our best to make sure the conversion rate is consistent.


Cheers!


Chris

[konelectric]

Can I buy Cadastrals using BTS?

[Tabali_Tigi]

What assurance is there that any government will be willing to buy, rather than just make their own blockchain or brew something up on ethereum so they don't have to pay asking price for cadastrals?

The entire pilot project is being done with the oversight of the Land Administration Project in Ghana.  We have been working with the LAP and the World Bank to get a test pilot phase done to show them that the larger investment will work out in the rest of Ghana.  They have been failing at trying to solve this problem for 20 years due to corruption, nepotism, and infighting.  The people need an external solution, and if you look up literature from the Ghanaian government recently, you will see that they are also looking for external solutions to this problem leading up to recent years.  They don't have the capacity to build their own blockchain, as they have failed at even being able to provide electricity to the population for a week at a time. 

This is why the program is more about infrastructure and education more than anything.  The application is being designed specifically for this type of situation, and thus the ability to lend or hold equity against land/property will be possible where it was not previously.

We are already in talks with other governments to expand the program almost immediately upon completion of the pilot project.


Cheers!

Chris

[unreadPostsSinceLastVisit]

What assurance is there that any government will be willing to buy, rather than just make their own blockchain or brew something up on ethereum so they don't have to pay asking price for cadastrals?

[openledger]

Here's our new tutorial video that shows how you can fund your OpenLeder account with Bitcoin.

click the image to watch the video!

[openledger]

OpenLedger and its registrar CCEDK is the official escrow service of the BITLANDGLOBAL ICO - Welcome to the Decentralized Land registry project.


Welcome to OpenLedger - Smart Trading Decentralized

Ronny Boesing
CCEDK / OpenLedger

We're proud to launch our brand new OpenLedger promo.
It's called "OpenLedger - You are in Control"
Watch it here :
 

Click the image to watch the video !

If you have not yet opened an account, now is the time.  Just follow the "Get Started" video (Tutorial #1) below for the best first-time experience. Welcome.

Check out our new tutorial video on our YouTube channel!

PS: Most likely our newest Tutorial Video #3 ("Depositing BTC on OpenLedger") will be released tomorrow.

[EstefanTT]

That already sounds much better !

Thanks for the answer

Sent from my SM-G900F using Tapatalk

[Tabali_Tigi]

I hope that response clears it up!

Cheers!

Chris

[Tabali_Tigi]

I completely understand that promising ROI is not something you can do, nor anyone.

I guess I poorly expressed myself. The fuzzy part is how the value of you token will increase with the growth of your project. What is giving the token effective value.
At least, this is the question that seems to float in this thread. I will read the withe paper more carefully, maybe I missed something and I find my answer.

Sent from my SM-G900F using Tapatalk

Ah, okay!  I get the question!

So here's the deal:

The Bitland Project is in the first year pilot of the project.  We are attempting to crowd-fund the first year of the project to get a government contract to fund years 2-4 of the project.  Now, any time the Bitland team successfully gets a client, whether government or private party, 20% of the profits will be put directly toward support of the token and infrastructure.  This means that over time, any contract that the Bitland team gets directly benefits the community.  Since those government contracts will vary in size, we could be talking about 20% of 20 million, or who knows the amount.  The 20% is outlined in the White Paper.  So, effectively the Bitland team is operating as representatives of the token, going around to different governments getting contracts to implement this land title tracking system.  Governments will be sold Cadastrals directly, as that is also outlined in the White Paper.  I hope this clears up that issue. 

To put this in perspective, 90% of the land in Africa is undocumented/unregistered.  Half of the world's arable land is in Africa.

I will restate that the reason that we leave out any sort of ROI talk in the White Paper is because guarantees are illegal, and as well the potential for ROI is unbelievable.  When Cadastrals will be sold to governments, it will be at a VERY different price than currently, as the available supply will be greatly reduced.  This will also add to the value of Cadastrals, as the tokens sold to governments will directly increase the market value of the token. 



Cheers!

Chris

[EstefanTT]

I completely understand that promising ROI is not something you can do, nor anyone.

I guess I poorly expressed myself. The fuzzy part is how the value of you token will increase with the growth of your project. What is giving the token effective value.
At least, this is the question that seems to float in this thread. I will read the withe paper more carefully, maybe I missed something and I find my answer.

Sent from my SM-G900F using Tapatalk

[Tabali_Tigi]

I think, what most of the people here want to know is the relation between the business plan of Bitland and the CADASTRAL token.
In few words, the way this project is explained doesn't make very clear how the investor will benefit form buying the token.
This is the most crucial part of the whole process of getting investors interested !
Investors don't want your project to be the world leader of crypto land and receive 10% ROI, they want to have ROI in parallel with your grow. This is the part that is not very clear.
I think the project could receive much more funds if it could show the economical potential your team sees in it.

I also think the critics on the quality of the white paper were made on this fuzzy part and not on the overall aspect of it.



Sent from my SM-G900F using Tapatalk

Well to answer that question, when it comes to digital currency, in  America guaranteeing ROI is illegal.  In that regard, the way we have set up the crowdsale of tokens is so that phase 1 the Cadastral pirce is 10,000 Satoshi.  In phase 2, the Cadastral price is 30,000 Satoshi.  In essence, having this value increase from phase 1 to phase 2 makes the investment of anyone who joined in phase 1 increase to 3X value.  That is way more than 10%.

So, in that regard, please understand that if someone makes a promise about ROI and they are operating in America, they are breaking the law.  As well, if you've seen many of the pyramid schemes that have unraveled, promising anything above 10% ROI is a red flag anyway. 

The economic potential in this project is clear to anyone who takes the time to read the white paper, and understands that this project is about solving land title corruption with the blockchain, not a normal crypto project.  As I stated before, we have been VERY careful about our language so that we don't promise any ROI, as that is completely illegal from a crowdsale. 


Cheers!

Chris