Hi all,
I love BURST. I've been mining for almost a month now with 23.4 TB going on 25 TB. I love mining this coin but I want to do more with burst and want to use burst's collective purchasing power to give back to the community. I'm aware a lot of people are reluctant to buy new assets with all the scams going on but I still have to try.
I am looking for investors from the community in order to start the first Burst real estate fund and real estate management company. The details are yet to be determined and there must be an accumulation stage in order to start buying our first properties and cover setup costs. The said properties would then be put up for rental and payment accepted would be BTC, Burst or Cash with an incentive to use Burst as means of payment (reduced rates, bonus...). The properties could also be sold for profit at any point in time. But in my experience, recurring revenue is a great business model and real estate is a solid investment less prone to market variations (like commodities and stock market)
This would be a cooperative effort and profits would be sent back to investors on a monthly basis in Burst. Profits would be divided as follows (for example): 25% transferred into the management company for maintenance, administration and tax, 50% transferred to the investment company for future investments & 25% back to investors. Since the properties would be purchased solely from asset sales the companies would be debt free. This is but an example, the goal is to grow this fund as much as possible. The fund could also leverage existing owned properties to finance future properties, so on and so forth.
Of course, the value of Burst could be an issue so I'm assuming a minimum value of 50 Satoshi for each Burst and an average of 100 Satoshi. I am planning on issuing 50,000,000 shares of this new asset for initial funding with no deadline. Of course other details still need to be worked out but I wanted to get the community's appetite for this before going forward with the issuance. The higher the value of Burst upon completion of the accumulation phase, the better.
This is to further boost Burst visibility and value to this great coin. Backed by Real Estate.
Anyone interested? Any thoughts? Concerns? I want to iron out ALL the kinks to get this going as well as getting validation from my Burst peers and more experienced Burst veterans.
