Frequently asked questions
RealtyCoin (RTC) is a decentralized crypto-token based on the Ethereum smart-contract (EC-20 standard compliant), running on the blockchain technology. It is designed to be used for voting and investment rights on the RealtyCoin (RTC) platform. The ownership of the Realtycoin (RTC) also makes one eligible for receiving profits from the real estate deals, that the company makes.
The basic idea of the RealtyCoin (RTC) is to make money through direct selling of real-estate assets by the company, unlike other similar real-estate tokens which emphasize more on rental profit generation.
Most other contemporary crypto-currencies and tokens are speculative trading vehicles, having little to no real world utility or with undefined long term execution plans. In contrast, RealtyCoin (RTC) generates value through a real-world asset trading – land, which is one of the safest and profitable investments in the world and within a clearly specified timeframe.
ICO: Dates and Participation
Registration begins on October 6th, 2017. The Presale begins December 19th, 2017 @ 00:01 CET and concludes on January 19th, 2018 @ 00:01 CET. The ICO sale begins January 19th, 2018 @ 00:01 CET and concludes on February 28th, 2018 @ 00:01 CET.
The participation in RealtyCoin (RTC) is easy and only takes a minute or two. You can simply click on “Contribute Now” button on TheRealtyCoin.io, provide your information such as name, email etc. and get started right away.
The price is set at approximately $0.12/RTC, initially at the time of presale. During the presale period, you may purchase RTC tokens with bonus. The bonus levels are divided according to three investment brackets. 1. Investment 0.25 ETH = 705 RTC + 20% bonus equating 846 RTC 2. Minimum Investment 0.50 ETH = 1410 RTC + 40% bonus equating 1974 RTC 3. Minimum Investment 1 ETH = 2820 RTC + 50% bonus equating 4230 RTC.
For purchases in FIAT, we will have an online converter to assist you, in estimating the number of tokens that you are able to purchase.
Yes, it will be made public, as soon as possible.
RealtyCoin (RTC) is offering 350 million tokens for sale, over the next 45 days. We will not be viewing the money raised in ICO, as a measure of success, but rather how RealtyCoin (RTC) tokens, trade on the exchanges post ICO. Our primary objective is to create as much value as possible in tokens by generating real world usage.
The total number of RealtyCoin (RTC) in existence is 500,000,000 RTC (500 million). Due to the binding and unmodifiable nature of Ethereum smart-contract, no further tokens can be created and issued.
The total supply has been intentionally kept high, making it easier for people to invest in the token, with no minimum amount and to own a large number of tokens. The team also wanted to avoid dividing the token into decimal values and to deal largely with whole numbers, thus bypassing unnecessary complexity for the public.
You can add the following information to the “Add Custom Token” or equivalent similar in other Ethereum compatible wallets, to make RealtyCoin (RTC) visible.
Contract Address: 0xb8595127620e4b9b5a11cda75766ab87a0e2cd7f
Token decimals: 4
Token Symbol: RTC
200M available for token sale, 75M reserved for bonuses, 150M retained for RealtyCoin (RTC) team members, 75M for the early adopters in presale.
The soft cap for ICO is limited at $500,000, there is no defined hard cap.
There are no minimum and maximum purchase restrictions for the RealtyCoin (RTC).
About RealtyCoin (RTC) token
Within 30 days of ICO end. ICO is scheduled to close on January 31th. Trade tokens will be distributed into your wallet no later than February 27th.
Please note that RealtyCoin (RTC) tokens will not be released unless Know your customer (KYC) information (ID and Proof of Residence) is submitted. You may do so within your Members Area. Additionally, you will be required to place your Ethereum address into your Members Area for proper processing.
If you don’t already have a wallet to accept ETH based tokens, we recommend using MyEtherWallet (http://www.myetherwallet.com). The setup takes less than 5 minutes.
Otherwise, having any wallet that supports Ethereum smart contract (ERC-20 compliant) tokens will suffice for receiving your RealtyCoin (RTC) tokens, purchased during ICO.
It is highly recommended that you store your tokens in an offline, cold storage solution. Please, do not leave tokens on centralized exchanges as you don’t have the private keys for those, nor should you have a backup of your private key in your email, on your desktop or in your Google Drive. It’s essential that you store your private keys on a piece of paper and keep it safe. Trezor & Ledger wallets are great hardware solutions, supporting all Ethereum smart contract (ERC-20 compliant) token types.
If you require assistance please contact us on live chat or email us and we will be happy to assist.