Announcing CONSTRUCTION token. Deadline 15th October

[mf-tzo]

[member=32866]btswolf[/member]  and [member=94]pc[/member] thank you very much guys! I value very much your comments and feedback!

[intelliguy]

What  happens if you do not raise the funds. Say you raise only $1200 or even worse, only $100.  Are you still going to buyback the token?

[mf-tzo]

[member=43002]intelliguy[/member] [member=42519]nmywn[/member]  and all

Only 2 weeks left for the deadline and so far we have raised only $25 from one courageous investor. Please consider supporting the "CONSTRUCTION" token within the next two weeks. After the deadline the deal is off. What I mean with that...

If we don't manage to raise more than $500 I will consider the raise funding attempt a failure. In this case I will buy back the tokens until the end of November at min $1.01 - max $1.02.

The only exception will be the one investor who supported with $25 from the beginning. I intend to buy back the $25 dollars raised so far from this 1 investor @ $30 (congratulations you will have made 20% profit on your investment because of the early confidence).

I really do hope though that we manage to raise more than $500 and the project is not a failure. This is the first attempt to actually use bitusd for something real. "CONSTRUCTION" is a good investment opportunity for people that want to earn high interest on their bitusd stash.

Regarding the progress of the project. The project is moving forward as planned but there is a need for short term cash flow. We are still in the very early stages of the project so we have actually already completed more work than we have been paid for. We expect to get paid for the work done so far closer to the end of October. This is normal, part of the business plan and this is the reason of the  "CONSTRUCTION" token.

Public Constructions projects are always profitable and there is no much risk involved. It is not like private construction projects that someone builds a house and he may never sell it or sell it below cost. Your main risk investing in "Construction" token is mostly my self, so look at your risk - reward profile again and consider buying "CONSTRUCTION" before the deadline.

Any other concerns or questions please let me know.

Thanks for your support!


 

[mf-tzo]

Only 1 Week is left for the "CONSTRUCTION" token.

If you want to invest and earn high interest on your bitusd stash this is your last chance before the expiry on the 15th October

Below some pictures where we are and what we have to do:

1) So far we have completed (the yellow part is for blind people. This is the first time I see something like this on a Greek sidewalk..)

https://i.imgsafe.org/befcef1ae9.jpg

https://i.imgsafe.org/befede79a4.jpg

2) What we are doing now

https://i.imgsafe.org/bf05c8b3cf.jpg

https://i.imgsafe.org/bf18b66f7d.jpg

3) What we have to restructure (and more that is not shown on the below pictures)

https://i.imgsafe.org/bf0941e09e.jpg

https://i.imgsafe.org/bf0b3c1cc1.jpg

https://i.imgsafe.org/bf0cd4a8a1.jpg

https://i.imgsafe.org/bf0ed18b68.jpg

https://i.imgsafe.org/bf1103bcd5.jpg

https://i.imgsafe.org/bf13640e43.jpg

I hope you reconsider investing by buying "construction" token and be part of this nice pedestrian we are preparing.

Thank you for your support!

[mf-tzo]

That's it guys... The deadline is over and Construction token is now considered officially a huge failure.

I have tried to supply you guys with as much information as possible about the progress of the project.
I have tried to make real use of bitusd and support someone who had short term cash flow needs and no one (except one guy?) from this community has supported the initiative despite the big interest for the loan that was promised. I put an order to buy back the construction tokens sold @1.1760 which is much higher than anything promised on the original announcement so I expect that the current buyer(s) to be more than happy with this and that nothing more should be expected from the Issuer of the token.

I must say that I am really really disappointed from the bitshares community. I was expecting much more support from you guys... 

I want to make clear that CONSTRUCTION is no longer available and will never be available again in the form presented on the Announcement of this post. I have amended the asset description which you can see in http://cryptofresh.com/a/CONSTRUCTION and I quote below for the avoidance of any doubt:

"Construction in modern usage is a hypothetical social currency, which can be acquired by doing deeds or earning in the eyes of another, often one's superior. Anybody buying construction should NOT have any expectation of any profit from future sale of the token. The issuer is not liable from any potential loss from the acquisition of construction"

Those who believe in me will be able to buy CONSTRUCTION which I intend to price them vs BTS and not bitusd anymore over the next couple of days. I may chose to buy them back at higher value one day but you SHOULD NOT have any expectations of any kind of profit. I will not be liable for any financial loss you may encounter with "CONSTRUCTION". "CONSTRUCTION" will be used from now on as a token of faith in my future success in bitshares related projects and my intention to share the benefits of my potential success.

Anyway... I think I made it clear that "CONSTRUCTION" is not any longer as per the original announcement and I think I made it clear how much disappointing it is that the project didn't materialized as planed.
 

 

[lil_jay890]

That's it guys... The deadline is over and Construction token is now considered officially a huge failure.

I have tried to supply you guys with as much information as possible about the progress of the project.
I have tried to make real use of bitusd and support someone who had short term cash flow needs and no one (except one guy?) from this community has supported the initiative despite the big interest for the loan that was promised. I put an order to buy back the construction tokens sold @1.1760 which is much higher than anything promised on the original announcement so I expect that the current buyer(s) to be more than happy with this and that nothing more should be expected from the Issuer of the token.

I must say that I am really really disappointed from the bitshares community. I was expecting much more support from you guys... 

I want to make clear that CONSTRUCTION is no longer available and will never be available again in the form presented on the Announcement of this post. I have amended the asset description which you can see in http://cryptofresh.com/a/CONSTRUCTION and I quote below for the avoidance of any doubt:

"Construction in modern usage is a hypothetical social currency, which can be acquired by doing deeds or earning in the eyes of another, often one's superior. Anybody buying construction should NOT have any expectation of any profit from future sale of the token. The issuer is not liable from any potential loss from the acquisition of construction"

Those who believe in me will be able to buy CONSTRUCTION which I intend to price them vs BTS and not bitusd anymore over the next couple of days. I may chose to buy them back at higher value one day but you SHOULD NOT have any expectations of any kind of profit. I will not be liable for any financial loss you may encounter with "CONSTRUCTION". "CONSTRUCTION" will be used from now on as a token of faith in my future success in bitshares related projects and my intention to share the benefits of my potential success.

Anyway... I think I made it clear that "CONSTRUCTION" is not any longer as per the original announcement and I think I made it clear how much disappointing it is that the project didn't materialized as planed.

It's not the communities fault that you didn't raise the money... What were you expecting from a dwindling forum about an ever depreciating crypto coin?

[onceuponatime]

That's it guys... The deadline is over and Construction token is now considered officially a huge failure.

I have tried to supply you guys with as much information as possible about the progress of the project.
I have tried to make real use of bitusd and support someone who had short term cash flow needs and no one (except one guy?) from this community has supported the initiative despite the big interest for the loan that was promised. I put an order to buy back the construction tokens sold @1.1760 which is much higher than anything promised on the original announcement so I expect that the current buyer(s) to be more than happy with this and that nothing more should be expected from the Issuer of the token.

I must say that I am really really disappointed from the bitshares community. I was expecting much more support from you guys... 

I want to make clear that CONSTRUCTION is no longer available and will never be available again in the form presented on the Announcement of this post. I have amended the asset description which you can see in http://cryptofresh.com/a/CONSTRUCTION and I quote below for the avoidance of any doubt:

"Construction in modern usage is a hypothetical social currency, which can be acquired by doing deeds or earning in the eyes of another, often one's superior. Anybody buying construction should NOT have any expectation of any profit from future sale of the token. The issuer is not liable from any potential loss from the acquisition of construction"

Those who believe in me will be able to buy CONSTRUCTION which I intend to price them vs BTS and not bitusd anymore over the next couple of days. I may chose to buy them back at higher value one day but you SHOULD NOT have any expectations of any kind of profit. I will not be liable for any financial loss you may encounter with "CONSTRUCTION". "CONSTRUCTION" will be used from now on as a token of faith in my future success in bitshares related projects and my intention to share the benefits of my potential success.

Anyway... I think I made it clear that "CONSTRUCTION" is not any longer as per the original announcement and I think I made it clear how much disappointing it is that the project didn't materialized as planed.

It's not the communities fault that you didn't raise the money... What were you expecting from a dwindling forum about an ever depreciating crypto coin?

Another factor to take into consideration:

Had you asked for a donation to build something or get something kick-started, because I know and trust you mf-tzo, I would have gladly donated. However, you put it forth as a business proposition. It therefore went against my philosophical leanings by forcing people through taxation to pay a profit to me for investing in the project. If you are going to propose business deals to me and those of my voluntarist principles you will need to show how the investment makes a return from people willingly paying/purchasing the good or service proposed.

[yvv]

Does bitshares have a proper way to liquidate outstanding tokens which are no longer supported?

[BunkerChainLabs-DataSecurityNode]

Does bitshares have a proper way to liquidate outstanding tokens which are no longer supported?

No it does not.. but it's an interesting idea to enable some kind of kill switch for owners. The alternative of course is hard forking it out by a consensus from the voters.. but that would get messy and trample on property rights in my estimation. I would prefer if there was some way the owner could voluntarily kill their asset in some structured way so that all balances somehow go through a forced settlement and the name can be removed from the space. It would then be claimable again perhaps after a period of 60 days or something like that. Similar to how domain names work I suppose.

Just some thoughts.

Sorry construction didn't work out... I know how hard going crowdfunding can be.

[yvv]

Does bitshares have a proper way to liquidate outstanding tokens which are no longer supported?

No it does not.. but it's an interesting idea to enable some kind of kill switch for owners. The alternative of course is hard forking it out by a consensus from the voters.. but that would get messy and trample on property rights in my estimation. I would prefer if there was some way the owner could voluntarily kill their asset in some structured way so that all balances somehow go through a forced settlement and the name can be removed from the space. It would then be claimable again perhaps after a period of 60 days or something like that. Similar to how domain names work I suppose.

Just some thoughts.

Sorry construction didn't work out... I know how hard going crowdfunding can be.

At least, there should be some way to freeze an asset such that it can't be traded at exchange anymore.

[BunkerChainLabs-DataSecurityNode]

Does bitshares have a proper way to liquidate outstanding tokens which are no longer supported?

No it does not.. but it's an interesting idea to enable some kind of kill switch for owners. The alternative of course is hard forking it out by a consensus from the voters.. but that would get messy and trample on property rights in my estimation. I would prefer if there was some way the owner could voluntarily kill their asset in some structured way so that all balances somehow go through a forced settlement and the name can be removed from the space. It would then be claimable again perhaps after a period of 60 days or something like that. Similar to how domain names work I suppose.

Just some thoughts.

Sorry construction didn't work out... I know how hard going crowdfunding can be.

At least, there should be some way to freeze an asset such that it can't be traded at exchange anymore.

That's already possible.. just not in the GUI.