UNDERSTANDING NateEstate (NEST)steemCreated with Sketch.

in nate •  8 years ago  (edited)

One of Steems very own @picokernel (NATE) Is making history right before our eyes ladies and gentleman.
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Nate said "So basically, I am buying a house with my own funds and some of these pre ico funds
and when I buy put a down payment on the house and officially own it, I will release the ICO and give everyone who already paid there tokens
so with these tokens, you own a share of the house"

"and when I sell the house, you will be entitled to a portion of whatever I sell it for
so if I buy the house at $175,000
I will issue 175,000 nest tokens
and if I sell the house at $180,000, I will buy back all the tokens for that new price
and also being a shareholder has perks because you can vote on certain things
like if we want to install a pool because we think that'll improve the value"

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very interesting idea , do you have more like this ?

not yet, this is a first of its kind sort of thing.. follow up on @picokernel page to see the progress unfold!

What a cool idea!!

This is a surprisingly interesting idea. A crowd funded, crowd controlled house flipping?

thank you. i Have upvoted and followed you thanks

i like it . your post is very interesting

That's quite novel, I hope it works out well for everybody.

I so want to be part of this :) Just waiting for nate to reply to be a part of history!

Just thinking... buying actual history making comes quite cheap for me :)

interesting projects, look at my article about waves, it can help you to do you projects dezentralized! I have written an artikel about it https://steemit.com/wavesplatform/@selfmadeboss/waves-platform-the-new-standard-for-doing-an-initial-coin-offering-ico-s-via-krypto-and-fiat

Amazing concept! The blockchain allows for much more transparency and participation!!