Kexcoin is a user issued asset on the BitShares network.We selected BitShares as the platform to power this project due to the processing speed and the built in exchange, two features that will make the user experience smooth.
Kexcoins are cryptocurrency tokens that will be sold to participants in our crowdfund on 15th September 2017.
The funds we raise will then be used to buy investment properties in the student accommodation market, a market that brings reliable returns.
Using the rental profits from the properties we buy, we will begin a process of buying back Kexcoins and burning them. This will have the affect of making Kexcoin increasingly scarce and naturally more valuable.
If you are familiar with the OBITS project this is the model they originally adopted.
Our vision is to build a new funding network through the use of the blockchain, making it available for almost anyone in the world to participate, in any amount, large or small.
We are unique in the business as we are already supported by an existing infrastructure. Kexgill, an associated company to Kexcoin has been investing and growing their European portfolio for almost 39 years.
With an experienced team, they are an award winning student provider, owning almost 3,250 beds throughout the UK and 360 multi-family apartments in Germany.
Key InformationWhen will the ICO be launched?You can place buy orders now for fulfilment at 15:00 UTC 15th September 2017
How long will they be on sale?30 days (15 September 2017 – 14 October 2017) or until we sell out, which ever comes sooner.
How many are being sold?8,500,000 KEXCOIN
What is the rate/value they will be sold at?0.0025 BTC = 1 KEXCOIN
How to connect with usYou can get in touch with us via Facebook, Twitter, Telegram, Bitcoin Forum, Bitshares Forum.
How will participants benefit?Once per quarter on a pre-announced date, we will take 50% of the net profits generated by the rental income from the properties and use it to buy back as many KexCoins as we can.
Participants will be able to offer their KexCoins for sale on the market and we will buy them back starting with the cheapest first.
Once the buyback budget has been exhausted, all KexCoins purchased within that budget will be permanently burned. This reduces the total remaining supply and increases the scarcity of the coins that remain, thus inflating the price.
The remaining 50% net profits will be reinvested in further investment property to speed up the buyback process.
What does the KexCoin team get out of this?10m KexCoins have been created. This is the total number that will ever exist.
10% of this amount (1m KexCoins) will be retained for the core team.
An additional 5% (500k KexCoins) will be retained for contingencies.
The remaining 85% (8.5m KexCoins) will be sold to participants during the token sale.
In order for the KexCoin team to profit, KexCoins must be worth something. This will only happen if the project is a success.
When a core team member wishes to take some profit, they would have to sell their coins on the market in exchange for Bitcoin in the same way as an ICO participant does. The core team are not allowed to sell or trade their Kexcoin for a 1 year period after the ICO.
What happens if you don't sell all the coins during the ICO?Any coins that are left unsold when the crowd funding period closes will be immediately and publicly burned.
Useful LinksWebsite
https://kexcoin.com/Whitepaper
https://kexcoin.com/wp-content/uploads/KexCoin-Whitepaper-Final-10-08-2017.pdfStep-by-step guide to participate
https://kexcoin.com/wp-content/uploads/How-To-Buy-KexCoins-Step-By-Step-Guide-v1.04.pdf
Topic: [ANN] Introducing Kexcoin - BitShares Powered Real Estate Crowd Funding Project (Read 44814 times)
