One of our members has asked several questions on Slack
http://goo.gl/KSNLnY that we thought we should share.
QUESTION
Hi, I have a few starting questions...
1. Why do the ATL tokens need to get converted into ATP tokens after the ICO?
2. What is your plan in the event the Ethereum network becomes too congested as has already happened a few times? Their blockchain is bloating and within a year or two may become unusable if they don't implement scaling solutions fast enough. ANy plans to possibly migrate to Tezos, EOS, or something that wont be congested?
3. What is the status of your end-user app?
4. What is the status of your github?
5. You are at least the 4th Real estate ICO this month. Already there is REX, REAL, and PROPY. Explain how you are superior to these and why I should invest with you instead?
6. You are trying to capture aprox 6.2 Million ETH in the ICO (315,000,000 ATL tokens / 505 per ETH = 6.2M ETH = $1.3 BILLION USD) What in the world are you going to do with 1.3 BILLION USD ?!?!
7. Which exchanges will you be launching the tokens for trading post ICO?
ANSWER
1. Because we are in a presale phase where we are giving 1010 atl vs 505 atl per eth and via a smart contract. We are initially issuing atp which will automatically concrete to 2 atl after the ico. So you have it reversed.
2. We are building our own blockchain which will work together with the ethereum platform, thus we do not envision such problems.
3. It is in alpha phase, we are working hard on it.
4. Please see our github:
https://github.com/AtlantPlatform5. Rex for instance doesn't tokenize properties, it just lists them, kind of like zillow or trulia, or any of the other services that do this well without the need for a blockchain
The ATLANT platform will enable subdision of individual parcels of real estate by tokenization, and ATLANT will subsequently list them on exchanges via PTO (Property Token Offering), starting with the decentralized ADEX exchange, based on Ethereum smart contracts. What we plan to do is create a tradeable market place for individual real estate properties which would revolutionize one of the world's largest markets. Also we plan to disrupt booking and airbnb which charge upwards of 30% because of their bloated staff. Many other real estate projects just replicate what already exists such as etfs or reits in a crypto wrapper - which we think is not terribly useful or innovative. However our project has solid foundation, experienced team which has business (investment banking / hedge funds) and technical expertise having built previous crypto projects
6. Your math is wrong. 315 000 000 / 505 * 200 =~$125m
7. As I mentioned, we have been in the crtpto space for some time. We have already started to talk with several exchanges, who should be keen to list ATL
